As of Q3'26 (2025-10-31), VEEV's latest Operating ROA stands at 2.92%, with ROE at 3.35% and ROIC at 2.54%. These figures reflect a slight recovery from the previous quarter, where Operating ROA was 2.50%, ROE was 3.02%, and ROIC was 2.53%. Over the period from Q4'23 (2023-01-31) to Q3'26 (2025-10-31), all three profitability metrics—Operating ROA, ROE, and ROIC—experienced an initial decline through Q2'24, followed by a gradual upward trend and stabilization. Notably, Operating ROA and ROIC reached their lowest points in Q2'24 before steadily improving, while ROE showed a similar pattern but with slightly higher volatility. This trend suggests that VEEV has managed to enhance its operational efficiency and capital returns after a challenging period, maintaining consistent improvement into the latest quarter.