Veeva Systems (VEEV) Return on Capital Employed (2014 - 2026)
Veeva Systems' (VEEV) quarterly Return on Capital Employed came in at 13.0% in Q2 2026, up 37.0% year-on-year from 9.49% in Q2 2025, and down 2.11% quarter-over-quarter from 13.28% in Q1 2026.
Veeva Systems (VEEV) Return on Capital Employed (2014 - 2026) Analysis & Trends
Veeva Systems' Return on Capital Employed history runs 13 years deep, the most recent figure standing at 13.0% for Q2 2026.
- On a quarterly basis, Return on Capital Employed rose 37.0% year-over-year to 13.0% in Q2 2026; TTM through Apr 2026 was 13.0%, a 37.0% increase from a year earlier, with the FY2026 full-year figure at 14.05%, up 82.0% from the prior year.
- Return on Capital Employed slipped to 13.0% in Q2 2026 per VEEV's latest filing, from 13.28% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 18.37% in Q1 2022 and bottomed at 9.04% in Q4 2023.
- The 5-year median for Return on Capital Employed is 12.33% (2025), against an average of 12.46%.
- Across the five-year window, Return on Capital Employed sank 657 bps in 2023 and jumped 280 bps in 2025, its largest moves.
- Year by year, Return on Capital Employed stood at 13.58% in 2022, then plunged by 33 bps to 9.04% in 2023, then climbed by 28 bps to 11.53% in 2024, then grew by 5 bps to 12.09% in 2025, then advanced by 8 bps to 13.0% in 2026.
- Per Business Quant, the three latest VEEV Return on Capital Employed figures stand at 13.0% (Q2 2026), 13.28% (Q1 2026), and 12.09% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 32.06 Bn | 24.75 Bn | 662.02 Mn | 13.00% |
| 2 | BrightSpring Health Services | 14.64 Bn | 13.74 Bn | 482.22 Mn | 7.68% |
| 3 | Healthequity | 8.29 Bn | 8.02 Bn | 256.31 Mn | 10.67% |
| 4 | Hinge Health | 5.97 Bn | 5.66 Bn | 154.23 Mn | -163.65% |
| 5 | 10x Genomics | 5.95 Bn | 5.41 Bn | 106.18 Mn | -4.23% |
| 6 | MiniMed | 4.52 Bn | 4.22 Bn | 480.00 Mn | -8.46% |
| 7 | Waystar Holding | 4.48 Bn | 4.42 Bn | 216.84 Mn | 4.73% |
| 8 | Doximity | 3.95 Bn | 3.20 Bn | 125.97 Mn | 21.81% |
| 9 | Privia Health | 3.14 Bn | 2.72 Bn | - | 4.60% |
| 10 | Omnicell | 1.87 Bn | 1.63 Bn | 140.36 Mn | 2.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 13.00% |
| Jan 31, 2026 | 13.28% |
| Oct 31, 2025 | 12.09% |
| Jul 31, 2025 | 12.06% |
| Apr 30, 2025 | 12.63% |
| Jan 31, 2025 | 12.58% |
| Oct 31, 2024 | 11.53% |
| Jul 31, 2024 | 11.28% |
| Apr 30, 2024 | 10.84% |
| Jan 31, 2024 | 9.78% |
| Oct 31, 2023 | 9.04% |
| Jul 31, 2023 | 9.60% |
| Apr 30, 2023 | 10.06% |
| Jan 31, 2023 | 13.17% |
| Oct 31, 2022 | 13.58% |
| Jul 31, 2022 | 14.74% |
| Apr 30, 2022 | 16.63% |
| Jan 31, 2022 | 18.37% |
| Oct 31, 2021 | 17.17% |
| Jul 31, 2021 | 17.27% |