Life sciences industry cloud
Veeva Systems
Veeva Systems earns revenue by providing subscription software, data, and consulting to life sciences companies. It uses computing infrastructure from Amazon Web Services and Salesforce to deliver its services and acquires companies such as Ostro to broaden its product portfolio.
VEEV Updated Sep 12, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, Veeva Systems is directly linked to 4 companies (2 supply, 2 revenue relationships) and reaches 53 companies within two hops; the links are backed by 6 dated sources, 1 of them primary filings (as of 2026-09-12).
Financials & Segments
- Total revenue · FY2026 total revenue: $3.195311 billion
- Segments · Commercial Solutions · R&D and Quality Solutions
Revenue from
- Merck KGaA (EMD) Medium confidence
Germany's Merck KGaA committed to deploy Veeva Vault CRM across its global operations in 2026. Contract value and customer-specific revenue share were not disclosed.Confirms KO ZDNet Korea Published May 28, 2026: Merck KGaA Selects Veeva Vault CRM for Global DeploymentConfirms EN Veeva Systems Published May 27, 2026: Merck KGaA, Darmstadt, Germany Selects Veeva Vault CRM Worldwide - Lilly (Eli) Medium confidence
Eli Lilly is an established large-pharma customer of Veeva and committed to a global Vault CRM rollout in 2026. Contract value and customer-specific revenue share were not disclosed.Confirms KO Samsung Securities Published Oct 20, 2020: Veeva Systems: Healthcare-focused SaaS from Clinical Development to Commercialization
Pays to
- Amazon High confidence
Veeva uses Amazon Web Services as computing infrastructure for Veeva Vault applications, including Vault CRM. AWS expenses are included in subscription cost of revenue, but vendor-specific spending was not disclosed. - Salesforce, Inc. High confidence
Veeva's legacy Veeva CRM and some multichannel CRM applications use Salesforce's platform and hosting infrastructure. The agreement expired in September 2025, but a wind-down period runs through 2030; vendor-specific fees were not disclosed.
Investments
- Rise Healthcare Tech, Inc. (Ostro) High confidence· Amount $100M · Acquisition completed 2026-03-10 · Consideration for the acquisition of all outstanding Ostro shares
Veeva acquired all outstanding shares of Ostro, an AI-driven conversational engagement platform for patients and healthcare professionals, in March 2026. The disclosed consideration was approximately $100 million in cash and long-term equity retention grants.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Micron Technology | lead2 | +24.2 | -45.9 | +71.9 | -1 | +240.2 | +256.4 |
| Intel | lead2 | +6.1 | -46.6 | +94.6 | -59.6 | +84 | +159.6 |
| SK hynix | lead2 | -0.4 | -25.6 | +53.9 | +48.6 | +361.1 | +81.6 |
| Cardinal Health, Inc. | lead2 | -0.4 | +54.1 | +34.1 | +19 | +76.3 | +21.1 |
| McKesson Corporation | lead2 | +44.2 | +51.8 | +24.1 | +23.7 | +44.5 | +11 |
| Cencora, Inc. | lead2 | +44.1 | +26.3 | +25.3 | +10.4 | +51.5 | -1.4 |
| LG Display | lead2 | -6.8 | -30.9 | -8.5 | -20.6 | +26.2 | -21.8 |
| Merck KGaA (EMD) | lead1 | +42.2 | -0.4 | -19.1 | -2.5 | -12.7 | +10.4 |
| Lilly (Eli) | lead1 | +66.1 | +34.3 | +60.9 | +33.3 | +40.2 | +7.5 |
| Veeva Systems | node | -6.2 | -36.8 | +19.3 | +9.2 | +6.2 | +23.2 |
| Amazon | benef1 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +12 |
| Salesforce, Inc. | benef1 | +14.2 | -47.8 | +98.5 | +27.8 | -20.2 | -1.6 |
| SanDisk | benef2 | · | · | · | · | · | +633 |
| Seagate Technology | benef2 | +87.5 | -51.4 | +69.1 | +4.1 | +225.3 | +209.1 |
| Marvell | benef2 | +84.6 | -57.5 | +63.7 | +83.8 | -22.8 | +163.4 |
| Wiwynn | benef2 | +24.7 | -22.3 | +206.4 | +3.5 | +64.4 | +120.2 |
| Astera Labs | benef2 | · | · | · | · | +25.6 | +86.6 |
| Corning | benef2 | +5.9 | -11.6 | -1.2 | +60.6 | +87.8 | +77.2 |
| Arista Networks | benef2 | +97.9 | -15.6 | +94.1 | +87.7 | +18.5 | +47.9 |
| Occidental Petroleum | benef2 | +67.7 | +119.1 | -4.1 | -15.9 | -14.9 | +47.4 |
| GE Vernova | benef2 | · | · | · | · | +99 | +44.4 |
| Caterpillar | benef2 | +16 | +18.6 | +25.9 | +24.7 | +60.3 | +42.9 |
| FedEx | benef2 | +0.7 | -31.6 | +49.1 | +13.5 | +5.1 | +39.6 |
| Ciena | benef2 | +45.6 | -33.8 | -11.7 | +88.4 | +175.8 | +37.3 |
| Jabil | benef2 | +66.4 | -2.5 | +87.4 | +13.3 | +58.7 | +36.3 |
| Alchip Technologies | benef2 | +14.3 | -8.7 | +365.1 | -18.9 | +0.8 | +36.1 |
| Globalstar | benef2 | +241.2 | +14.7 | +45.9 | +6.7 | +96.6 | +34.9 |
| Eaton | benef2 | +46.7 | -7.2 | +56.2 | +39.5 | -2.8 | +30.1 |
| Quanta Computer | benef2 | +22.2 | -12.8 | +254.5 | +12.7 | +8.9 | +28.5 |
| Digital Realty | benef2 | +30.7 | -41 | +39.9 | +35.9 | -10.1 | +23.4 |
| Schneider Electric | benef2 | +25.9 | +1.6 | +25.8 | +36.1 | +0.5 | +20.7 |
| Foxconn (Hon Hai) | benef2 | -5.1 | +2.8 | +7.8 | +80.1 | +26.9 | +19.6 |
| Credo Technology | benef2 | · | · | +46.3 | +245.2 | +114.1 | +18.5 |
| ABB | benef2 | +23.9 | +7.3 | +18.9 | +39 | +36.1 | +18.4 |
| Entergy | benef2 | +17.1 | +3.6 | -6.1 | +56 | +25.3 | +18.2 |
| Norfolk Southern | benef2 | +27.3 | -15.6 | -1.6 | +1.6 | +25.6 | +15.6 |
| Colgate-Palmolive Company | benef2 | +2.1 | -5.4 | +3.8 | +16.6 | -11 | +14.4 |
| Cummins | benef2 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +11 |
| United Parcel Service, Inc. | benef2 | +30 | -16.2 | -6 | -15.9 | -15.9 | +8 |
| Celestica | benef2 | +37.9 | +1.3 | +159.8 | +215.2 | +220.3 | +5.7 |
| Procter & Gamble | benef2 | +20.5 | -5 | -0.9 | +17.3 | -12.3 | +4.5 |
| Amorepacific | benef2 | -30.1 | -5.7 | -18.4 | +9.9 | +8.2 | +4.1 |
| Exelon | benef2 | +41.5 | +8.3 | -14 | +9.2 | +20 | +1.9 |
| Vistra | benef2 | +19.6 | +5.1 | +70.7 | +261.5 | +17.7 | -7.2 |
| Fabrinet | benef2 | +52.7 | +8.2 | +48.4 | +15.5 | +107.1 | -10.5 |
| IonQ | benef2 | · | -79.3 | +259.1 | +237.1 | +7.4 | -11.9 |
| Abbott Laboratories | benef2 | +30.5 | -20.7 | +2.3 | +4.8 | +12.9 | -11.9 |
| Talen Energy | benef2 | · | · | · | +214.8 | +86.1 | -15.4 |
| Quantum Computing Inc | benef2 | -75.8 | -55.7 | -39.5 | +1712.7 | -38 | -21.9 |
| D-Wave Quantum | benef2 | · | -85.3 | -38.9 | +854.5 | +211.3 | -36.6 |
| Nike | benef2 | +18.7 | -29 | -6 | -29.1 | -13.8 | -38.1 |
YTD as of 2026-09-04 · source: Yahoo Finance
Veeva Systems operates across Life sciences industry cloud. It stayed steadily positive in recent years and is +23.2% in 2026. Demand side (avg +9%), the stock (+23.2%) and supply side (avg +5.2%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Amazon (+12%) and the furthest behind is Salesforce, Inc. (-1.6%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It uses computing infrastructure from Amazon Web Services and Salesforce to deliver its services and acquires companies such as Ostro to broaden its product portfolio.
Analysis generated from returns as of 2026-09-04