# Veeva Systems Inc. (VEEV) FY2025 Q1 P&L / Income Statement

- Company: Veeva Systems Inc. (VEEV)
- Period: 2024-02-01 to 2024-04-30
- Filing: Q1 FY2025 10-Q, filed 2024-06-04, accession number 0001393052-24-000024
- Page: https://plicit.ai/financials/veev/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/veev-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service (4 categories)

Income statement for 2024-02-01 through 2024-04-30. View: Product and service (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 650,345,000 US dollars
- **Total cost of revenues**: 173,884,000 US dollars
- **Gross profit**: 476,461,000 US dollars
- **Total operating expenses**: 321,289,000 US dollars
- **Operating income**: 155,172,000 US dollars
- **Other income (expense), net (calculated)**: 51,729,000 US dollars
- **Income before income taxes**: 206,901,000 US dollars
- **Income tax provision (benefit)**: 45,237,000 US dollars
- **Net income**: 161,664,000 US dollars
- **Commercial Solutions**: 261,316,000 US dollars
- **R&D Solutions**: 272,639,000 US dollars
- **Commercial Solutions**: 48,772,000 US dollars
- **R&D Solutions**: 67,618,000 US dollars
- **Research and development**: 162,711,000 US dollars
- **Sales and marketing**: 97,301,000 US dollars
- **General and administrative**: 61,277,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Product and Service (2 categories)

- Page: https://plicit.ai/financials/veev/fy2025-q1-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/veev-fy2025-q1-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2024-02-01 through 2024-04-30. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

- **Total revenues**: 650,345,000 US dollars
- **Total cost of revenues**: 173,884,000 US dollars
- **Gross profit**: 476,461,000 US dollars
- **Total operating expenses**: 321,289,000 US dollars
- **Operating income**: 155,172,000 US dollars
- **Other income (expense), net (calculated)**: 51,729,000 US dollars
- **Income before income taxes**: 206,901,000 US dollars
- **Income tax provision (benefit)**: 45,237,000 US dollars
- **Net income**: 161,664,000 US dollars
- **Subscription services revenue**: 533,955,000 US dollars
- **Professional services and other revenue**: 116,390,000 US dollars
- **Subscription services cost of revenue**: 78,148,000 US dollars
- **Professional services and other cost of revenue**: 95,736,000 US dollars
- **Research and development**: 162,711,000 US dollars
- **Sales and marketing**: 97,301,000 US dollars
- **General and administrative**: 61,277,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/veev/fy2025-q1-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/veev-fy2025-q1-revenue-by-geography-sankey.png

Income statement for 2024-02-01 through 2024-04-30. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 650,345,000 US dollars
- **Total cost of revenues**: 173,884,000 US dollars
- **Gross profit**: 476,461,000 US dollars
- **Total operating expenses**: 321,289,000 US dollars
- **Operating income**: 155,172,000 US dollars
- **Other income (expense), net (calculated)**: 51,729,000 US dollars
- **Income before income taxes**: 206,901,000 US dollars
- **Income tax provision (benefit)**: 45,237,000 US dollars
- **Net income**: 161,664,000 US dollars
- **North America**: 381,599,000 US dollars
- **Europe**: 189,915,000 US dollars
- **Asia Pacific**: 62,440,000 US dollars
- **Middle East, Africa, and Latin America**: 16,391,000 US dollars
- **Research and development**: 162,711,000 US dollars
- **Sales and marketing**: 97,301,000 US dollars
- **General and administrative**: 61,277,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.