Veeva (VEEV) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended January 2026, Veeva Systems (VEEV) reported revenue of $835.95 million, up 16% over the same period last year. EPS came in at $2.06, compared to $1.74 in the year-ago quarter.

The reported revenue represents a surprise of +3.35% over the Zacks Consensus Estimate of $808.89 million. With the consensus EPS estimate being $1.92, the EPS surprise was +7.17%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Veeva performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Non-GAAP Gross Margin- Professional services and other: 20.5% versus 22.3% estimated by nine analysts on average.
• Non-GAAP Gross Margin- Subscription services: 86.7% versus 86.3% estimated by nine analysts on average.
• Revenues- Subscription services: $707.75 million versus the 10-analyst average estimate of $695.58 million. The reported number represents a year-over-year change of +16.3%.
• Revenues- Professional services and other: $128.21 million compared to the $112.27 million average estimate based on 10 analysts. The reported number represents a change of +14.2% year over year.
• Revenues- Professional services and other- Veeva R&D Solutions: $80.63 million compared to the $67.3 million average estimate based on six analysts. The reported number represents a change of +20.9% year over year.
• Revenues- Subscription services- Veeva R&D Solutions: $380.76 million versus the six-analyst average estimate of $374.27 million. The reported number represents a year-over-year change of +20.8%.
• Revenues- Subscription services- Veeva Commercial Solutions: $326.98 million versus the six-analyst average estimate of $321.86 million. The reported number represents a year-over-year change of +11.5%.
• Revenues- Professional services and other- Veeva Commercial Solutions: $47.58 million compared to the $45.75 million average estimate based on six analysts. The reported number represents a change of +4.3% year over year.

View all Key Company Metrics for Veeva here>>>

Shares of Veeva have returned -2.6% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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