Flagship explainer

What drives Veeva Systems Inc.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity14%Tax burden76%net income ÷ pretax incomeInterest burden130%pretax ÷ operating incomeOperating margin29%operating income ÷ revenueAsset turnover0.39×revenue ÷ average assetsEquity multiplier1.25×average assets ÷ average equityAs of 2026-01-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$909MFY2026
Income before tax$1.2BFY2026
Operating income$916MFY2026
$3.2BFY2026
Ending assets$9.0BFY2026
Beginning assets$7.3BFY2025
$7.2BFY2026
$5.8BFY2025
Source: · event Jan 31, 2026 · retrieved Oct 16, 2026 · annual-row source set
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VEEV dupont explainer — Buy Like Buffett · Buy Like Buffett