{"url_path":"/sec/veev/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-06-05","source_url":"https://www.sec.gov/Archives/edgar/data/1393052/0001393052-26-000026-index.html","accession_number":"0001393052-26-000026","cik":"0001393052","ticker":"VEEV","issuer_name":"VEEVA SYSTEMS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1393052/0001393052-26-000026-index.html","primary_entity_key":"0001393052","primary_entity_name":"VEEVA SYSTEMS INC"},"word_count":989,"has_tables":true,"body_markdown":"veev-20260430\nfalse2027Q10001393052January 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of Contents](#i7e129a0ad48d459ea13c21cd7e2de073_549755815863)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n____________________________________________________________________________________\n\nFORM 10-Q\n\n____________________________________________________________________________________\n\n(Mark One)\n\n☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended April 30, 2026\n\nOR\n\n☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from              to             .\n\nCommission File Number: 001-36121\n\n____________________________________________________________________________________\n\nVeeva Systems Inc.\n\n(Exact name of registrant as specified in its charter)\n\n____________________________________________________________________________________\n\nDelaware20-8235463\n\n(State or other jurisdiction of\nincorporation or organization)(IRS Employer\nIdentification No.)\n\n4280 Hacienda Drive\n\nPleasanton, California, 94588\n\n(Address of principal executive offices, including zip code)\n\n(Registrant’s telephone number, including area code) (925) 452-6500\n\n(Former name, former address and former fiscal year, if changed since last report) N/A\n\n____________________________________________________________________________________\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading SymbolName of each exchange on which registered\n\nClass A Common Stock,\npar value $0.00001 per shareVEEVThe New York Stock Exchange\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ☒    No  ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  ☒    No  ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer☒Accelerated filer☐\n\nNon-accelerated filer☐Smaller reporting company☐\n\nEmerging growth company☐\n\nIf 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. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ☐    No  ☒\n\nAs of June 1, 2026, there were 162,443,291 shares of the Registrant’s Class A common stock outstanding. We refer to our Class A common stock as our “common stock.”\n\nVeeva Systems Inc. | Form 10-Q\n\n1\n\nVEEVA SYSTEMS INC.\n\nFORM 10-Q\n\nTABLE OF CONTENTS\n\n[PART I. FINANCIAL INFORMATION](#i7e129a0ad48d459ea13c21cd7e2de073_13)\n\n[4](#i7e129a0ad48d459ea13c21cd7e2de073_13)\n\n[Item 1.](#i7e129a0ad48d459ea13c21cd7e2de073_16)\n\n[Financial Statements](#i7e129a0ad48d459ea13c21cd7e2de073_16)\n\n[4](#i7e129a0ad48d459ea13c21cd7e2de073_16)\n\n[Condensed Consolidated Balance Sheets](#i7e129a0ad48d459ea13c21cd7e2de073_19)\n\n[4](#i7e129a0ad48d459ea13c21cd7e2de073_19)\n\n[Condensed Consolidated Statements of Comprehensive Income](#i7e129a0ad48d459ea13c21cd7e2de073_22)\n\n[5](#i7e129a0ad48d459ea13c21cd7e2de073_22)\n\n[Condensed Consolidated Statements of Stockholders’ Equity](#i7e129a0ad48d459ea13c21cd7e2de073_25)\n\n[6](#i7e129a0ad48d459ea13c21cd7e2de073_25)\n\n[Condensed Consolidated Statements of Cash Flows](#i7e129a0ad48d459ea13c21cd7e2de073_28)\n\n[7](#i7e129a0ad48d459ea13c21cd7e2de073_28)\n\n[Notes to Condensed Consolidated Financial Statements](#i7e129a0ad48d459ea13c21cd7e2de073_31)\n\n[8](#i7e129a0ad48d459ea13c21cd7e2de073_31)\n\n[Note 1.](#i7e129a0ad48d459ea13c21cd7e2de073_34)[Summary of Business and Significant Accounting Policies](#i7e129a0ad48d459ea13c21cd7e2de073_34)\n\n[8](#i7e129a0ad48d459ea13c21cd7e2de073_34)\n\n[Note 2. Acquisitions](#i7e129a0ad48d459ea13c21cd7e2de073_3277)\n\n[9](#i7e129a0ad48d459ea13c21cd7e2de073_3277)\n\n[Note](#i7e129a0ad48d459ea13c21cd7e2de073_37)[3](#i7e129a0ad48d459ea13c21cd7e2de073_37)[. Short-Term Investments](#i7e129a0ad48d459ea13c21cd7e2de073_37)\n\n[9](#i7e129a0ad48d459ea13c21cd7e2de073_37)\n\n[Note](#i7e129a0ad48d459ea13c21cd7e2de073_40)[4](#i7e129a0ad48d459ea13c21cd7e2de073_40)[. Deferred Costs](#i7e129a0ad48d459ea13c21cd7e2de073_40)\n\n[11](#i7e129a0ad48d459ea13c21cd7e2de073_40)\n\n[Note](#i7e129a0ad48d459ea13c21cd7e2de073_46)[5](#i7e129a0ad48d459ea13c21cd7e2de073_46)[. Goodwill and Intangible Assets](#i7e129a0ad48d459ea13c21cd7e2de073_46)\n\n[11](#i7e129a0ad48d459ea13c21cd7e2de073_46)\n\n[Note](#i7e129a0ad48d459ea13c21cd7e2de073_52)[6](#i7e129a0ad48d459ea13c21cd7e2de073_52)[. Fair Value Measurements](#i7e129a0ad48d459ea13c21cd7e2de073_52)\n\n[12](#i7e129a0ad48d459ea13c21cd7e2de073_52)\n\n[Note](#i7e129a0ad48d459ea13c21cd7e2de073_55)[7](#i7e129a0ad48d459ea13c21cd7e2de073_55)[. Income Taxes](#i7e129a0ad48d459ea13c21cd7e2de073_55)\n\n[13](#i7e129a0ad48d459ea13c21cd7e2de073_55)\n\n[Note](#i7e129a0ad48d459ea13c21cd7e2de073_58)[8](#i7e129a0ad48d459ea13c21cd7e2de073_58)[. Deferred Revenue, Performance Obligations, and Unbilled Accounts Receivable](#i7e129a0ad48d459ea13c21cd7e2de073_58)\n\n[14](#i7e129a0ad48d459ea13c21cd7e2de073_58)\n\n[Note](#i7e129a0ad48d459ea13c21cd7e2de073_64)[9](#i7e129a0ad48d459ea13c21cd7e2de073_64)[. Leases](#i7e129a0ad48d459ea13c21cd7e2de073_64)\n\n[14](#i7e129a0ad48d459ea13c21cd7e2de073_64)\n\n[Note](#i7e129a0ad48d459ea13c21cd7e2de073_70)[10](#i7e129a0ad48d459ea13c21cd7e2de073_70)[. Stockholders’ Equity](#i7e129a0ad48d459ea13c21cd7e2de073_70)\n\n[15](#i7e129a0ad48d459ea13c21cd7e2de073_70)\n\n[Note 1](#i7e129a0ad48d459ea13c21cd7e2de073_76)[1](#i7e129a0ad48d459ea13c21cd7e2de073_76)[. Net Income per Share](#i7e129a0ad48d459ea13c21cd7e2de073_76)\n\n[16](#i7e129a0ad48d459ea13c21cd7e2de073_76)\n\n[Note 1](#i7e129a0ad48d459ea13c21cd7e2de073_79)[2](#i7e129a0ad48d459ea13c21cd7e2de073_79)[. Commitments and Contingencies](#i7e129a0ad48d459ea13c21cd7e2de073_79)\n\n[17](#i7e129a0ad48d459ea13c21cd7e2de073_79)\n\n[Note 1](#i7e129a0ad48d459ea13c21cd7e2de073_85)[3](#i7e129a0ad48d459ea13c21cd7e2de073_85)[. Segment Information](#i7e129a0ad48d459ea13c21cd7e2de073_85)\n\n[17](#i7e129a0ad48d459ea13c21cd7e2de073_85)\n\n[Note 1](#i7e129a0ad48d459ea13c21cd7e2de073_82)[4](#i7e129a0ad48d459ea13c21cd7e2de073_82)[. Information about Geographic Areas and Products](#i7e129a0ad48d459ea13c21cd7e2de073_82)\n\n[18](#i7e129a0ad48d459ea13c21cd7e2de073_82)\n\n[Item 2.](#i7e129a0ad48d459ea13c21cd7e2de073_88)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#i7e129a0ad48d459ea13c21cd7e2de073_88)\n\n[20](#i7e129a0ad48d459ea13c21cd7e2de073_88)\n\n[Overview](#i7e129a0ad48d459ea13c21cd7e2de073_91)\n\n[20](#i7e129a0ad48d459ea13c21cd7e2de073_91)\n\n[Components of Results of Operations](#i7e129a0ad48d459ea13c21cd7e2de073_94)\n\n[20](#i7e129a0ad48d459ea13c21cd7e2de073_94)\n\n[Results of Operations](#i7e129a0ad48d459ea13c21cd7e2de073_97)\n\n[23](#i7e129a0ad48d459ea13c21cd7e2de073_97)\n\n[Operating Expenses and Operating Margin](#i7e129a0ad48d459ea13c21cd7e2de073_100)\n\n[24](#i7e129a0ad48d459ea13c21cd7e2de073_100)\n\n[Non-GAAP Financial Measures](#i7e129a0ad48d459ea13c21cd7e2de073_103)\n\n[25](#i7e129a0ad48d459ea13c21cd7e2de073_103)\n\n[Liquidity and Capital Resources](#i7e129a0ad48d459ea13c21cd7e2de073_106)\n\n[27](#i7e129a0ad48d459ea13c21cd7e2de073_106)\n\n[Critical Accounting Policies and Estimates](#i7e129a0ad48d459ea13c21cd7e2de073_109)\n\n[29](#i7e129a0ad48d459ea13c21cd7e2de073_109)\n\n[Item 3.](#i7e129a0ad48d459ea13c21cd7e2de073_112)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#i7e129a0ad48d459ea13c21cd7e2de073_112)\n\n[30](#i7e129a0ad48d459ea13c21cd7e2de073_112)\n\n[Item 4.](#i7e129a0ad48d459ea13c21cd7e2de073_115)\n\n[Controls and Procedures](#i7e129a0ad48d459ea13c21cd7e2de073_115)\n\n[31](#i7e129a0ad48d459ea13c21cd7e2de073_115)\n\n[PART II. OTHER INFORMATION](#i7e129a0ad48d459ea13c21cd7e2de073_118)\n\n[32](#i7e129a0ad48d459ea13c21cd7e2de073_118)\n\n[Item 1.](#i7e129a0ad48d459ea13c21cd7e2de073_2200)\n\n[Legal Proceedings](#i7e129a0ad48d459ea13c21cd7e2de073_2200)\n\n[32](#i7e129a0ad48d459ea13c21cd7e2de073_2200)\n\n[Item 1A](#i7e129a0ad48d459ea13c21cd7e2de073_124).\n\n[Risk Factors](#i7e129a0ad48d459ea13c21cd7e2de073_124)\n\n[33](#i7e129a0ad48d459ea13c21cd7e2de073_124)\n\n[Item 2.](#i7e129a0ad48d459ea13c21cd7e2de073_127)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#i7e129a0ad48d459ea13c21cd7e2de073_127)\n\n[56](#i7e129a0ad48d459ea13c21cd7e2de073_127)\n\n[Item 3.](#i7e129a0ad48d459ea13c21cd7e2de073_130)\n\n[Defaults Upon Senior Securities](#i7e129a0ad48d459ea13c21cd7e2de073_130)\n\n[56](#i7e129a0ad48d459ea13c21cd7e2de073_130)\n\n[Item 4.](#i7e129a0ad48d459ea13c21cd7e2de073_133)\n\n[Mine Safety Disclosures](#i7e129a0ad48d459ea13c21cd7e2de073_133)\n\n[56](#i7e129a0ad48d459ea13c21cd7e2de073_133)\n\n[Item 5.](#i7e129a0ad48d459ea13c21cd7e2de073_136)\n\n[Other Information](#i7e129a0ad48d459ea13c21cd7e2de073_136)\n\n[56](#i7e129a0ad48d459ea13c21cd7e2de073_136)\n\n[Item 6.](#i7e129a0ad48d459ea13c21cd7e2de073_549755816718)\n\n[Exhibits](#i7e129a0ad48d459ea13c21cd7e2de073_549755816718)\n\n[57](#i7e129a0ad48d459ea13c21cd7e2de073_549755816718)\n\n[SIGNATURES](#i7e129a0ad48d459ea13c21cd7e2de073_142)\n\n[58](#i7e129a0ad48d459ea13c21cd7e2de073_142)\n\n2\n\nVeeva Systems Inc. | Form 10-Q\n\n[Table of](#i7e129a0ad48d459ea13c21cd7e2de073_7)[Contents](#i7e129a0ad48d459ea13c21cd7e2de073_7)\n\nSPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS\n\nThis report on Form 10-Q contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. Forward-looking statements include information concerning our possible or assumed future results of operations and expenses, business strategies and plans, trends, market sizing, competitive position, industry and macroeconomic environment, potential growth opportunities, and product capabilities among other things. Forward-looking statements include all statements that are not historical facts and, in some cases, can be identified by terms such as “aim,” “anticipates,” “believes,” “could,” “estimates,” “expects,” “goal,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “strive,” “will,” “would,” or similar expressions and the negatives of those terms.\n\nForward-looking statements are based on our current views and expectations and involve known and unknown risks, uncertainties and other factors—including those described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and elsewhere in this report—that may cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements.\n\nAny forward-looking statements in this report are made only as of the date of this report. Except as required by law, we disclaim any obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.\n\nAs used in this report, the terms “Veeva,” “Registrant,” “the Company,” “we,” “us,” and “our” mean Veeva Systems Inc. and its subsidiaries unless the context indicates otherwise.\n\nVeeva Systems Inc. | Form 10-Q\n\n3\n\n[Table of](#i7e129a0ad48d459ea13c21cd7e2de073_7)[Contents](#i7e129a0ad48d459ea13c21cd7e2de073_7)\n\nPART I. FINANCIAL INFORMATION"}