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Rankings/VEEV/Q3 2025 Analysis

Veeva Systems Inc

VEEV
Q3 2025(VEEV Q2 FY2026)Estimated3.5% AI
AI Revenue %
3.5%
AI Fair Value
$551.4M
AI Revenue (Q)
$46.4M
Total Revenue (Q)
$1.3B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.gov

Analysis

Total quarterly revenue was $789.1M (subscription $659.2M + professional services $129.9M). Subscription revenue grew 17% YoY. R&D Solutions subscription $351.7M vs Commercial Solutions $307.5M. No AI-specific revenue disclosure. Estimate maintained at 3.5%. Math: $789.1M * 3.5% = ~$27.6M estimated AI-attributable revenue.
Analyzed by claude-opus-4-6

Quoted Figures

Subscription services $659,183 thousand; Professional services and other $129,898 thousand; Total revenues $789,081 thousand (three months ended July 31, 2025)
10-Q for period ended July 31, 2025, Condensed Consolidated Statements of Comprehensive Income
R&D Solutions subscription services $351,660 thousand; Commercial Solutions subscription services $307,523 thousand
10-Q for period ended July 31, 2025, Note on Revenues by Product

AI Products Identified (Ring 1)

Veeva CRM Bot (with GenAI)Andi (AI search)ML-based analytics in Veeva Data CloudGenAI features in Vault platformClinical trial AI optimizationRegulatory intelligence AI

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

Veeva CRMVeeva Vault platformVeeva Data CloudVeeva Development CloudProfessional services

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix