Veeva Q1 revenue $759M (+17% YoY), subscription $634.8M (+19%), EPS $1.37

VEEVA SYSTEMS INC

2026-Q1 EPS reported $1.37 vs consensus $1.97 ▼ miss (-30.5%)

Total revenues $759.0M, up 17% YoY; subscription services rev $634.8M, up 19% YoY.
Operating income $233.7M (+51% YoY); non-GAAP operating income $349.9M (+34% YoY).
Net income $228.2M (+41% YoY); diluted EPS $1.37; non-GAAP diluted EPS $1.97.
CFO Van Wagener: results ahead of guidance on all metrics; crossed 2025 revenue run rate goal.
CEO Gassner: 'best first quarter ever' with strong execution across all areas.

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