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Compared to Estimates, Veeva (VEEV) Q3 Earnings: A Look at Key Metrics

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For the quarter ended October 2025, Veeva Systems (VEEV - Free Report) reported revenue of $811.24 million, up 16% over the same period last year. EPS came in at $2.04, compared to $1.75 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $791.88 million, representing a surprise of +2.44%. The company delivered an EPS surprise of +4.62%, with the consensus EPS estimate being $1.95.

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: 29.8% compared to the 31.8% average estimate based on nine analysts.
  • Non-GAAP Gross Margin- Subscription services: 86.6% compared to the 85.9% average estimate based on nine analysts.
  • Revenues- Subscription services: $682.5 million compared to the $671.02 million average estimate based on nine analysts. The reported number represents a change of +17.5% year over year.
  • Revenues- Professional services and other: $128.74 million versus the nine-analyst average estimate of $120.86 million. The reported number represents a year-over-year change of +8.8%.
  • Revenues- Professional services and other- Veeva R&D Solutions: $81.28 million compared to the $74.66 million average estimate based on five analysts. The reported number represents a change of +12.1% year over year.
  • Revenues- Subscription services- Veeva R&D Solutions: $364.85 million compared to the $361.28 million average estimate based on five analysts. The reported number represents a change of +20.6% year over year.
  • Revenues- Subscription services- Veeva Commercial Solutions: $317.65 million versus $309.72 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +14.1% change.
  • Revenues- Professional services and other- Veeva Commercial Solutions: $47.46 million versus the five-analyst average estimate of $46.26 million. The reported number represents a year-over-year change of +3.5%.

View all Key Company Metrics for Veeva here>>>

Shares of Veeva have returned -5.8% over the past month versus the Zacks S&P 500 composite's -0.3% 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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