Company: VEEV
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001393052-25-000078
Chunk: 137

Company: VEEVA SYSTEMS INC
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 1
Chunk 137
---
$7,339,756 

See Notes to Condensed Consolidated Financial Statements.

4Veeva Systems Inc. | Form 10-Q

Table of Contents

VEEVA SYSTEMS INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands, except per share data)

(Unaudited)

Three months ended October 31,Nine months ended October 31,2025202420252024Revenues:Subscription services$682,498 $580,850 $1,976,449 $1,676,082 Professional services and other128,738 118,357 382,911 349,651 Total revenues811,236 699,207 2,359,360 2,025,733 Cost of revenues (1):Cost of subscription services94,171 82,638 266,347 239,577 Cost of professional services and other105,294 91,751 302,195 279,068 Total cost of revenues199,465 174,389 568,542 518,645 Gross profit611,771 524,818 1,790,818 1,507,088 Operating expenses (1):Research and development191,883 172,411 568,593 511,551 Sales and marketing110,552 98,695 318,619 297,524 General and administrative68,483 72,359 233,113 195,001 Total operating expenses370,918 343,465 1,120,325 1,004,076 Operating income240,853 181,353 670,493 503,012 Other income, net71,933 60,937 206,478 171,239 Income before income taxes312,786 242,290 876,971 674,251 Income tax provision76,583 56,482 212,269 155,738 Net income$236,203 $185,808 $664,702 $518,513 Net income per share:Basic$1.44 $1.15 $4.06 $3.21 Diluted$1.40 $1.13 $3.96 $3.15 Weighted-average shares used to compute net income per share:Basic164,049 161,987 163,676 161