Q4'26 Quarterly Results March 4, 2026 Safe Harbor and Other Information This presentation and associated commentary contain forward-looking statements regarding Veeva's expected future performance and, in particular, includes guidance, provided as of March 4, 2026, about Veeva's expected future financial results. Estimating guidance accurately for future periods is difficult. It involves assumptions and internal estimates that may prove to be incorrect and is based on plans that may change. Hence, there is ...

Financial Performance & Growth (FY2025 & FY2026 Guidance) - Total revenue for FY2025 reached $2.747 billion[8], with a year-over-year growth of 16%[8] - Subscription revenue for FY2025 was $2.285 billion[8], representing a 20% increase year-over-year[8] - Services revenue remained flat at $462 million in FY2025[8], showing 0% year-over-year growth[8] - The company projects total revenue for FY2026 to be between $3.09 billion and $3.1 billion[8], indicating an approximate 13% growth[8] - Non-GAAP operating income for FY2025 was $1.152 billion[15], with a margin of 42%[15], and is projected to reach approximately $1.36 billion in FY2026[15], with a margin of ~44%[15] - Normalized billings for FY2025 amounted to $2.951 billion[21], with an anticipated increase to ~$3.32 billion in FY2026[21], reflecting a growth of approximately 12%[21] - Non-GAAP cash from operations for FY2025 was $1.081 billion[25], and is projected to be ~$1.21 billion for FY2026[25] Q1'26 Results & Q2'26 Guidance - Total revenue for Q1'26 reached $759 million[12], demonstrating a 17% year-over-year growth[12] - Subscription revenue for Q1'26 was $634.8 million[38], a 19% increase year-over-year[38] - Services revenue for Q1'26 was $124.3 million[38], up 7% year-over-year[38] - For Q2'26, the company anticipates total revenue between $766 million and $769 million[32], with subscription revenue around $649 million[32] and services revenue between $117 million and $120 million[32] - Non-GAAP operating income for Q1'26 was $349.9 million[38], representing a margin of 46.1%[38]