Veeva expects to meet or exceed Q3 FY2027 guidance
Veeva's third-quarter outlook includes $932–$935 million in revenue and $417–$420 million in non-GAAP operating income.
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Form Type
8-K
Rhea-AI Filing Summary
Veeva Systems Inc. expects third-quarter fiscal 2027 results to meet or exceed the guidance it issued on August 26, 2026. At its November 5, 2026 Investor Day, Chief Financial Officer Brian Van Wagener presented that outlook. It lists total revenue of $932–$935 million, subscription revenue of approximately $782 million, services revenue of $150–$153 million, non-GAAP operating income of $417–$420 million, and non-GAAP fully diluted net income per share of $2.33–$2.34. The guidance relates to the quarter ended October 31, 2026; these figures are targets, not reported quarterly results.
The outlook assumed foreign exchange rates stayed near current levels, which Veeva said reflected an immaterial impact to total revenue and non-GAAP operating income compared with the third quarter of fiscal 2026. The company said it could not provide GAAP operating income and fully diluted net income-per-share targets because certain items excluded from the non-GAAP measures, including stock-based compensation expense, could not be reasonably predicted. Veeva said the effect of those excluded items may be significant.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Total revenue: $932–$935 million
Subscription revenue: Approximately $782 million
Services revenue: $150–$153 million
+2 more
5 metrics
Total revenue
$932–$935 million
Third-quarter fiscal 2027 guidance
Subscription revenue
Approximately $782 million
Third-quarter fiscal 2027 guidance
Services revenue
$150–$153 million
Third-quarter fiscal 2027 guidance
Non-GAAP operating income
$417–$420 million
Third-quarter fiscal 2027 guidance
Non-GAAP fully diluted net income per share
$2.33–$2.34
Third-quarter fiscal 2027 guidance
Key Terms
Non-GAAP Operating Income, Non-GAAP Fully Diluted Net Income per Share, foreign exchange rates, stock-based compensation expense
4 terms
Non-GAAP Operating Income financial
"Non-GAAP Operating Income $417-420 million"
Non-GAAP operating income is a measure of a company's profit from its core business activities, calculated by excluding certain expenses or income that are not part of regular operations. It provides a clearer picture of how well the business is performing by focusing on ongoing operations, helping investors compare companies more consistently and make better-informed decisions.
foreign exchange rates financial
"foreign exchange rates stayed near current levels"
Foreign exchange rates are the prices at which one country’s currency can be exchanged for another, like a price tag showing how many euros you get for one dollar. They matter to investors because they change the value of overseas earnings, investment returns and import/export costs — small swings can raise or cut profits and portfolio values much like a change in fuel price alters a travel budget.
stock-based compensation expense financial
"such as charges related to stock-based compensation expense"
Stock-based compensation expense is the value that a company records when it gives employees or executives shares or options to buy shares as part of their pay. It matters because it shows the true cost of paying employees this way, which can affect the company's profits and how investors see its financial health.
Earnings Snapshot
Total revenue: $932–$935 million · Guidance included
Third quarter of fiscal year 2027, ended October 31, 2026
Total revenue
$932–$935 million
Subscription revenue
Approximately $782 million
Services revenue
$150–$153 million
Non-GAAP operating income
$417–$420 million
Non-GAAP fully diluted net income per share
$2.33–$2.34
Guidance
Veeva expects third-quarter fiscal 2027 results to meet or exceed the guidance issued August 26, 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What revenue does VEEV expect for Q3 FY2027?
Veeva expects total revenue of $932–$935 million, subscription revenue of approximately $782 million, and services revenue of $150–$153 million.
What earnings guidance did VEEV give for Q3 FY2027?
Veeva's guidance lists non-GAAP operating income of $417–$420 million and non-GAAP fully diluted net income per share of $2.33–$2.34.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________________________________________________________________________
FORM 8-K
_____________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 5, 2026
_____________________________________________________________________________
(Exact name of registrant as specified in its charter)
_____________________________________________________________________________
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (925 ) 452-6500
Not Applicable
(Former name or former address, if changed since last report)
_____________________________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
par value $0.00001 per share | ||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | ||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | |||||||
Item 2.02. Results of Operations and Financial Condition.
As previously announced, on November 5, 2026, Veeva Systems Inc. (the “Company”) presented its 2026 Investor Day, which was accessible via live webcast through (and a replay of the presentation is currently available on) the Company’s investor relations website.
On August 26, 2026, in its quarterly earnings conference call, the Company had previously provided preliminary guidance for certain of the Company’s anticipated financial metrics for the third quarter of fiscal year 2027. During the Investor Day presentation, Brian Van Wagener, the Company’s Chief Financial Officer, presented a slide containing the previously announced guidance and stated that the Company expects to report third quarter of fiscal year 2027 results that meet or exceed the previously announced guidance. A copy of the slide is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Current Report on Form 8-K and the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | Informational slide provided by Veeva, dated November 5, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Veeva Systems Inc. | |||||||||||
| By: | /s/ LIANG DONG | ||||||||||
| Liang Dong | |||||||||||
| Associate General Counsel, Corporate | |||||||||||
| Dated: November 5, 2026 | |||||||||||
Total Revenue $932-935 million Subscription Revenue ~$782 million Services Revenue $150-153 million Non-GAAP Operating Income $417-420 million Non-GAAP Fully Diluted Net Income per Share $2.33-2.34 Expect to Meet or Exceed Q3’27 Guidance Guidance issued on August 26, 2026. Our Q3’27 guidance assumed foreign exchange rates stayed near current levels, which reflected an immaterial impact to total revenue and non-GAAP operating income compared to Q3’26. We were not able to provide GAAP targets for operating income and fully diluted net income per share for the third quarter ended October 31, 2026 because of the difficulty of estimating certain items excluded from non-GAAP operating income and non-GAAP fully diluted net income per share that could not be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. Guidance