Veeva Systems
Veeva Systems returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Reported borrowing balances are unavailable in the extracted statements for this period.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2027 Q2 | Jul 31, 2026 | — | 14.42% | — | 14.42% | 11.9% | — |
| FY 2027 Q1 | Apr 30, 2026 | — | 13.92% | — | 13.93% | 11.15% | — |
| FY 2026 Q4 | Jan 31, 2026 | — | 13.8% | — | 13.93% | 11.14% | — |
| FY 2026 Q3 | Oct 31, 2025 | — | 13.48% | — | 13.72% | 11.83% | — |
| FY 2026 Q2 | Jul 31, 2025 | — | 13.32% | — | 13.7% | 11.3% | — |
| FY 2026 Q1 | Apr 30, 2025 | — | 13.66% | — | 14.07% | 11.19% | — |
| FY 2025 Q4 | Jan 31, 2025 | — | 12.96% | — | 13.63% | 10.78% | — |
| FY 2025 Q3 | Oct 31, 2024 | — | 12.7% | — | 13.48% | 11.4% | — |
| FY 2025 Q2 | Jul 31, 2024 | — | 12.34% | — | 13.18% | 10.65% | — |
| FY 2025 Q1 | Apr 30, 2024 | — | 11.65% | — | 12.59% | 9.92% | — |
| FY 2024 Q4 | Jan 31, 2024 | — | 10.07% | — | 12.58% | 9.81% | — |
| FY 2024 Q3 | Oct 31, 2023 | — | 10.14% | — | 14.54% | 12.05% | — |
| FY 2024 Q2 | Jul 31, 2023 | — | 10.5% | — | 14.61% | 11.56% | — |
| FY 2024 Q1 | Apr 30, 2023 | — | 10.99% | — | 14.81% | 11.49% | — |
| FY 2023 Q4 | Jan 31, 2023 | — | 13.56% | — | 14.72% | 11.31% | — |
| FY 2023 Q3 | Oct 31, 2022 | — | 14.86% | — | 12.81% | 10.5% | — |
| FY 2023 Q2 | Jul 31, 2022 | — | 16.02% | — | 13.43% | 10.54% | — |
| FY 2023 Q1 | Apr 30, 2022 | — | 17.88% | — | 14.94% | 11.39% | — |
| FY 2022 Q4 | Jan 31, 2022 | — | 19.05% | — | 16.51% | 12.46% | — |
| FY 2022 Q3 | Oct 31, 2021 | — | 19.4% | — | 17.77% | 14.56% | — |
| FY 2022 Q2 | Jul 31, 2021 | — | 19.27% | — | 18.54% | 14.46% | — |
| FY 2022 Q1 | Apr 30, 2021 | — | 19.18% | — | 19.26% | 14.54% | — |
| FY 2021 Q4 | Jan 31, 2021 | — | 18.65% | — | 19.33% | 14.29% | — |
| FY 2021 Q3 | Oct 31, 2020 | — | 18.05% | — | 18.73% | 15.31% | — |
| FY 2021 Q2 | Jul 31, 2020 | — | 18.26% | — | 19.32% | 15.02% | — |
| FY 2021 Q1 | Apr 30, 2020 | — | 18.81% | — | 20.04% | 15.03% | — |
| FY 2020 Q4 | Jan 31, 2020 | — | 19.25% | — | 20.74% | 15.34% | — |
| FY 2020 Q3 | Oct 31, 2019 | — | 20.97% | — | 22.7% | 18.56% | — |
| FY 2020 Q2 | Jul 31, 2019 | — | 21.29% | — | 23.08% | 17.86% | — |
| FY 2020 Q1 | Apr 30, 2019 | — | 21.24% | — | 22.43% | 16.74% | — |
| FY 2019 Q4 | Jan 31, 2019 | — | 20.88% | — | 21.79% | 16.12% | — |
| FY 2019 Q3 | Oct 31, 2018 | — | 19.55% | — | 19.66% | 15.75% | — |
| FY 2019 Q2 | Jul 31, 2018 | — | 18.74% | — | 17.91% | 13.56% | — |
| FY 2019 Q1 | Apr 30, 2018 | — | 18.32% | — | 17.85% | 12.99% | — |
| FY 2018 Q4 | Jan 31, 2018 | — | 19.42% | — | 18.62% | 13.43% | — |
| FY 2018 Q3 | Oct 31, 2017 | — | 20.44% | — | 18.25% | 14.17% | — |
| FY 2018 Q2 | Jul 31, 2017 | — | 20.68% | — | 17.6% | 12.86% | — |
| FY 2018 Q1 | Apr 30, 2017 | — | 20.06% | — | 14.9% | 10.57% | — |
| FY 2017 Q4 | Jan 31, 2017 | — | 18.14% | — | 11.88% | 8.48% | — |
| FY 2017 Q3 | Oct 31, 2016 | — | 16.34% | — | 11.98% | 9.15% | — |
| FY 2017 Q2 | Jul 31, 2016 | — | 14.85% | — | 10.51% | 7.77% | — |
| FY 2017 Q1 | Apr 30, 2016 | — | 15.46% | — | 11.25% | 8.18% | — |
| FY 2016 Q4 | Jan 31, 2016 | — | 16.92% | — | 11.94% | 8.71% | — |
| FY 2016 Q3 | Oct 31, 2015 | — | 19.25% | — | 11.74% | 8.98% | — |
| FY 2016 Q2 | Jul 31, 2015 | — | 20.51% | — | 12.31% | 9.47% | — |
| FY 2016 Q1 | Apr 30, 2015 | — | 20.47% | — | 12.14% | 9.19% | — |
| FY 2015 Q4 | Jan 31, 2015 | — | 20.19% | — | 11.76% | 8.82% | — |
| FY 2015 Q3 | Oct 31, 2014 | — | 18.37% | — | 10.2% | 7.95% | — |
| FY 2015 Q2 | Jul 31, 2014 | — | — | — | — | — | — |
| FY 2015 Q1 | Apr 30, 2014 | — | — | — | — | — | — |
| FY 2014 Q4 | Jan 31, 2014 | — | — | — | — | — | — |
| FY 2014 Q3 | Oct 31, 2013 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 9.3%, rounded from the Software · System & Application benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · VEEV, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.