Veeva Systems (VEEV) Q3 Earnings Report Preview: What To Look For

Life sciences cloud software provider Veeva Systems (NYSE:VEEV) will be reporting results this Thursday after market hours. Here’s what to look for.

Veeva Systems beat analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $789.1 million, up 16.7% year on year. It was a strong quarter for the company, with EPS guidance for next quarter beating analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

Is Veeva Systems a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Veeva Systems’s revenue to grow 13.4% year on year to $792.9 million, in line with the 13.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.95 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Veeva Systems has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.1% on average.

Looking at Veeva Systems’s peers in the vertical software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Doximity delivered year-on-year revenue growth of 23.2%, beating analysts’ expectations by 7.2%, and Toast reported revenues up 25.1%, topping estimates by 3%. Doximity traded down 13.2% following the results while Toast was up 9.5%.

Read our full analysis of Doximity’s results here and Toast’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the vertical software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.9% on average over the last month. Veeva Systems is down 4.8% during the same time and is heading into earnings with an average analyst price target of $320.48 (compared to the current share price of $271.86).

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