Veeva (VEEV) Reports Q1 Earnings: What Key Metrics Have to Say

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For the quarter ended April 2025, Veeva Systems (VEEV) reported revenue of $759.04 million, up 16.7% over the same period last year. EPS came in at $1.97, compared to $1.50 in the year-ago quarter.

The reported revenue represents a surprise of +4.27% over the Zacks Consensus Estimate of $727.99 million. With the consensus EPS estimate being $1.74, the EPS surprise was +13.22%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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: 33.6% versus 26.6% estimated by nine analysts on average.

  • Non-GAAP Gross Margin- Subscription services: 88.1% versus 86% estimated by nine analysts on average.

  • Revenues- Subscription services: $634.77 million compared to the $615.93 million average estimate based on 10 analysts. The reported number represents a change of +18.9% year over year.

  • Revenues- Professional services and other: $124.28 million compared to the $112.07 million average estimate based on 10 analysts. The reported number represents a change of +6.8% year over year.

  • Revenues- Professional services and other- Veeva R&D Solutions: $77.71 million versus $64.87 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +14.9% change.

  • Revenues- Subscription services- Veeva R&D Solutions: $329.36 million versus $328.16 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +20.8% change.

  • Revenues- Subscription services- Veeva Commercial Solutions: $305.41 million compared to the $287.80 million average estimate based on five analysts. The reported number represents a change of +16.9% year over year.

  • Revenues- Professional services and other- Veeva Commercial Solutions: $46.57 million versus the five-analyst average estimate of $46.98 million. The reported number represents a year-over-year change of -4.5%.

View all Key Company Metrics for Veeva here>>>

Shares of Veeva have returned +2.8% over the past month versus the Zacks S&P 500 composite's +7.4% 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.