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Compared to Estimates, Veeva (VEEV) Q2 Earnings: A Look at Key Metrics

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Veeva Systems (VEEV - Free Report) reported $789.08 million in revenue for the quarter ended July 2025, representing a year-over-year increase of 16.7%. EPS of $1.99 for the same period compares to $1.62 a year ago.

The reported revenue represents a surprise of +2.8% over the Zacks Consensus Estimate of $767.61 million. With the consensus EPS estimate being $1.90, the EPS surprise was +4.74%.

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: 33.4% versus the nine-analyst average estimate of 29.7%.
  • Non-GAAP Gross Margin- Subscription services: 86.2% versus 86.8% estimated by nine analysts on average.
  • Revenues- Subscription services: $659.18 million versus $649.25 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +17.4% change.
  • Revenues- Professional services and other: $129.9 million versus $118.36 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change.
  • Revenues- Professional services and other- Veeva R&D Solutions: $82.2 million versus the five-analyst average estimate of $72.75 million. The reported number represents a year-over-year change of +17.7%.
  • Revenues- Subscription services- Veeva R&D Solutions: $351.66 million compared to the $342.74 million average estimate based on five analysts. The reported number represents a change of +21.5% year over year.
  • Revenues- Subscription services- Veeva Commercial Solutions: $307.52 million compared to the $306.25 million average estimate based on five analysts. The reported number represents a change of +13.1% year over year.
  • Revenues- Professional services and other- Veeva Commercial Solutions: $47.7 million versus $45.59 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.9% change.

View all Key Company Metrics for Veeva here>>>

Shares of Veeva have returned -0.2% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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