Veeva Systems Inc.

VEEV Healthcare Health Information Services

Veeva Systems Inc.’s revenue for fiscal 2026 (year ended January 2026) was $3.2 billion, up 16.3% from fiscal 2025. In the quarter to July 2026, revenue grew 17.6%, EPS grew 36.6% and free cash flow was flat, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for ten.

310.30 2.73 −0.87%
Market cap
$50.7B
P/E
50.0×
Fwd P/E
26.9×
Dividend yield
—
F-score
7/9
Altman Z
13.57
Beneish M
−2.63
Dividend safety
n/a

Veeva Systems Inc. (VEEV) Return on invested capital

Alert me on Return on invested capital

Veeva Systems Inc.'s return on invested capital over the twelve months to 31 July 2026 was 343.1%, up 255.5 percentage points from fiscal 2026 (87.6%). Over the past ten years it has ranged from 30.9% (fiscal 2016) to 488.0% (fiscal 2015); the current reading is higher than 83% of that period. That is above the Health Information Services industry median of 0.00% and above the Healthcare sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2026 87.6% 24.23
FY2025 63.4% 19.86
FY2024 43.5% (3.27)
FY2023 46.8% (12.23)
FY2022 59.0% 19.81
FY2021 39.2% 8.28
FY2020 30.9% (63.48)
FY2019 94.4% 25.97
FY2018 68.4% 12.03
FY2017 56.4% 25.50

Against its own ten years

Low 30.9% High 488.0%
Ten-year median 57.7%
Current reading's percentile 83

Return on invested capital against peers

Company Return on invested capital
VEEV Veeva Systems Inc. 343.1%
DOCS Doximity, Inc. compare 53.1%
HQY HealthEquity, Inc. compare 8.24%
BTSG BrightSpring Health Services, Inc. compare 7.56%
WAY Waystar Holding Corp. compare 3.30%
HNGE Hinge Health Inc. compare 0.00%
TEM Tempus AI, Inc. compare −17.9%
TXG 10x Genomics compare −20.2%
HTFL Heartflow, Inc. compare −42.8%
Health Information Services industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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