STOCK TITAN

Iqvia Hldgs Inc Financials

IQV
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Iqvia Hldgs Inc (IQV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 46 / 100
Financial Profile 46/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
52

Iqvia Hldgs Inc has an operating margin of 13.4%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is down from 14.3% the prior year.

Growth
43

Iqvia Hldgs Inc's revenue grew 5.9% year-over-year to $16.3B, a solid pace of expansion. This earns a growth score of 43/100.

Leverage
58

Iqvia Hldgs Inc has a moderate D/E ratio of 2.13. This balance of debt and equity financing earns a leverage score of 58/100.

Liquidity
10

Iqvia Hldgs Inc's current ratio of 0.75 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 10/100, which could limit financial flexibility.

Cash Flow
56

Iqvia Hldgs Inc has a free cash flow margin of 12.6%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
58

Iqvia Hldgs Inc's ROE of 20.9% shows moderate profitability relative to equity, earning a score of 58/100. This is down from 22.6% the prior year.

Altman Z-Score Distress
1.80

Iqvia Hldgs Inc scores 1.80, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
5/9

Iqvia Hldgs Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.95x

For every $1 of reported earnings, Iqvia Hldgs Inc generates $1.95 in operating cash flow ($2.7B OCF vs $1.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
3.0x

Iqvia Hldgs Inc earns $3.0 in operating income for every $1 of interest expense ($2.2B vs $729.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$16.3B
YoY+5.9%
5Y CAGR+7.5%
10Y CAGR+11.0%

Iqvia Hldgs Inc generated $16.3B in revenue in fiscal year 2025. This represents an increase of 5.9% from the prior year.

EBITDA
$3.3B
YoY+0.3%
5Y CAGR+10.5%
10Y CAGR+15.7%

Iqvia Hldgs Inc's EBITDA was $3.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.3% from the prior year.

Net Income
$1.4B
YoY-0.9%
5Y CAGR+37.3%
10Y CAGR+13.4%

Iqvia Hldgs Inc reported $1.4B in net income in fiscal year 2025. This represents a decrease of 0.9% from the prior year.

EPS (Diluted)
$7.84
YoY+4.7%
5Y CAGR+40.5%
10Y CAGR+9.8%

Iqvia Hldgs Inc earned $7.84 per diluted share (EPS) in fiscal year 2025. This represents an increase of 4.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$2.1B
YoY-3.0%
5Y CAGR+8.8%
10Y CAGR+17.8%

Iqvia Hldgs Inc generated $2.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 3.0% from the prior year.

Cash & Debt
$2.0B
YoY+16.3%
5Y CAGR+1.8%
10Y CAGR+7.3%

Iqvia Hldgs Inc held $2.0B in cash against $13.9B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
170M
YoY-3.6%
5Y CAGR-2.4%
10Y CAGR+3.6%

Iqvia Hldgs Inc had 170M shares outstanding in fiscal year 2025. This represents a decrease of 3.6% from the prior year.

Margins & Returns

Gross Margin
33.3%
YoY-1.6pp
5Y CAGR-0.7pp

Iqvia Hldgs Inc's gross margin was 33.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the prior year.

Operating Margin
13.4%
YoY-0.9pp
5Y CAGR+6.9pp
10Y CAGR+2.1pp

Iqvia Hldgs Inc's operating margin was 13.4% in fiscal year 2025, reflecting core business profitability. This is down 0.9 percentage points from the prior year.

Net Margin
8.3%
YoY-0.6pp
5Y CAGR+5.9pp
10Y CAGR+1.6pp

Iqvia Hldgs Inc's net profit margin was 8.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.

Return on Equity
20.9%
YoY-1.7pp
5Y CAGR+16.3pp

Iqvia Hldgs Inc's ROE was 20.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$1.2B
YoY-7.9%
5Y CAGR+22.7%
10Y CAGR+9.2%

Iqvia Hldgs Inc spent $1.2B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 7.9% from the prior year.

Capital Expenditures
$603.0M
YoY+0.2%
5Y CAGR-0.4%
10Y CAGR+22.7%

Iqvia Hldgs Inc invested $603.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.2% from the prior year.

IQV Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $4.4B+6.4% $4.1B+2.1% $4.0B+4.9% $3.8B-3.3% $4.0B+1.6% $3.9B+2.1% $3.8B+2.1% $3.7B
Cost of Revenue $2.9B+7.4% $2.7B+1.2% $2.7B+6.4% $2.5B-1.9% $2.6B+2.5% $2.5B+1.2% $2.5B+1.8% $2.4B
Gross Profit $1.4B+4.6% $1.4B+3.8% $1.3B+1.9% $1.3B-53.1% $2.8B+202.7% $915.0M+6.0% $863.0M+4.4% $827.0M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $468.0M-8.9% $514.0M+1.0% $509.0M+0.2% $508.0M+12.1% $453.0M-13.2% $522.0M+2.6% $509.0M+0.2% $508.0M
Operating Income $627.0M+13.4% $553.0M+9.3% $506.0M+2.0% $496.0M-20.8% $626.0M+13.8% $550.0M+5.8% $520.0M+2.8% $506.0M
Interest Expense $193.0M+2.1% $189.0M+3.8% $182.0M+10.3% $165.0M-3.5% $171.0M+0.6% $170.0M+4.3% $163.0M-1.8% $166.0M
Income Tax $59.0M-22.4% $76.0M+35.7% $56.0M-8.2% $61.0M-45.5% $112.0M+72.3% $65.0M-13.3% $75.0M+53.1% $49.0M
Net Income $514.0M+55.3% $331.0M+24.4% $266.0M+6.8% $249.0M-43.0% $437.0M+53.3% $285.0M-21.5% $363.0M+26.0% $288.0M
EPS (Diluted) N/A $1.93+25.3% $1.54+10.0% $1.40 N/A $1.55-21.3% $1.97+26.3% $1.56

IQV Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $29.9B+4.2% $28.7B+0.3% $28.6B+4.8% $27.3B+1.6% $26.9B-1.0% $27.2B+3.0% $26.4B-0.7% $26.6B
Current Assets $6.2B+4.5% $6.0B-5.8% $6.3B+7.3% $5.9B+1.4% $5.8B+3.5% $5.6B+0.2% $5.6B-0.5% $5.7B
Cash & Equivalents $2.0B+9.2% $1.8B-11.0% $2.0B+17.2% $1.7B+2.2% $1.7B+8.3% $1.6B+1.7% $1.5B+7.0% $1.4B
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $16.6B+4.2% $15.9B+2.2% $15.6B+3.9% $15.0B+2.2% $14.7B-2.5% $15.1B+4.2% $14.5B-0.3% $14.5B
Total Liabilities $23.3B+3.9% $22.4B-1.8% $22.8B+7.1% $21.3B+2.4% $20.8B+3.1% $20.2B+2.7% $19.7B-2.7% $20.2B
Current Liabilities $8.3B-2.0% $8.5B+12.4% $7.6B+5.5% $7.2B+3.2% $7.0B-0.5% $7.0B+5.6% $6.6B+2.7% $6.4B
Long-Term Debt $13.9B+8.5% $12.8B-9.8% $14.2B+8.2% $13.1B+2.1% $12.8B+4.4% $12.3B+1.7% $12.1B-5.7% $12.8B
Total Equity $6.5B+5.6% $6.2B+6.6% $5.8B-3.3% $6.0B-1.5% $6.1B-12.9% $7.0B+3.8% $6.7B+5.8% $6.3B
Retained Earnings $7.4B+7.4% $6.9B+5.0% $6.6B+4.2% $6.3B+4.1% $6.1B+7.8% $5.6B+5.3% $5.3B+7.3% $5.0B

IQV Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $735.0M-19.1% $908.0M+105.0% $443.0M-22.0% $568.0M-35.8% $885.0M+22.7% $721.0M+22.6% $588.0M+12.6% $522.0M
Capital Expenditures $174.0M+27.9% $136.0M-9.9% $151.0M+6.3% $142.0M-13.4% $164.0M+9.3% $150.0M+4.9% $143.0M-1.4% $145.0M
Free Cash Flow $561.0M-27.3% $772.0M+164.4% $292.0M-31.5% $426.0M-40.9% $721.0M+26.3% $571.0M+28.3% $445.0M+18.0% $377.0M
Investing Cash Flow -$1.1B-100.7% -$550.0M-59.0% -$346.0M-13.4% -$305.0M+1.6% -$310.0M+48.2% -$599.0M-171.0% -$221.0M+29.6% -$314.0M
Financing Cash Flow $535.0M+193.5% -$572.0M-494.5% $145.0M+156.2% -$258.0M+31.2% -$375.0M-173.7% -$137.0M+47.3% -$260.0M-145.3% -$106.0M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $212.0M $0-100.0% $657.0M+75.2% $375.0M-67.4% $1.1B+475.0% $200.0M $0 $0

IQV Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 32.9%-0.6pp 33.5%+0.5pp 32.9%-1.0pp 33.9%-36.1pp 70.0%+46.5pp 23.5%+0.9pp 22.6%+0.5pp 22.1%
Operating Margin 14.4%+0.9pp 13.5%+0.9pp 12.6%-0.4pp 13.0%-2.9pp 15.8%+1.7pp 14.1%+0.5pp 13.6%+0.1pp 13.5%
Net Margin 11.8%+3.7pp 8.1%+1.4pp 6.6%+0.1pp 6.5%-4.5pp 11.0%+3.7pp 7.3%-2.2pp 9.5%+1.8pp 7.7%
Return on Equity 7.9%+2.5pp 5.4%+0.8pp 4.6%+0.4pp 4.2%-3.0pp 7.2%+3.1pp 4.1%-1.3pp 5.4%+0.9pp 4.5%
Return on Assets 1.7%+0.6pp 1.1%+0.2pp 0.9%+0.0pp 0.9%-0.7pp 1.6%+0.6pp 1.1%-0.3pp 1.4%+0.3pp 1.1%
Current Ratio 0.75+0.0 0.70-0.1 0.84+0.0 0.82-0.0 0.84+0.0 0.81-0.0 0.85-0.0 0.88
Debt-to-Equity 2.13+0.1 2.08-0.4 2.45+0.3 2.19+0.1 2.12+0.4 1.76-0.0 1.80-0.2 2.02
FCF Margin 12.9%-6.0pp 18.8%+11.6pp 7.3%-3.9pp 11.1%-7.1pp 18.2%+3.6pp 14.7%+3.0pp 11.7%+1.6pp 10.1%

Note: The current ratio is below 1.0 (0.75), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Frequently Asked Questions

Iqvia Hldgs Inc (IQV) reported $16.3B in total revenue for fiscal year 2025. This represents a 5.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Iqvia Hldgs Inc (IQV) revenue grew by 5.9% year-over-year, from $15.4B to $16.3B in fiscal year 2025.

Yes, Iqvia Hldgs Inc (IQV) reported a net income of $1.4B in fiscal year 2025, with a net profit margin of 8.3%.

Iqvia Hldgs Inc (IQV) reported diluted earnings per share of $7.84 for fiscal year 2025. This represents a 4.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Iqvia Hldgs Inc (IQV) had EBITDA of $3.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Iqvia Hldgs Inc (IQV) had $2.0B in cash and equivalents against $13.9B in long-term debt.

Iqvia Hldgs Inc (IQV) had a gross margin of 33.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Iqvia Hldgs Inc (IQV) had an operating margin of 13.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Iqvia Hldgs Inc (IQV) had a net profit margin of 8.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Iqvia Hldgs Inc (IQV) has a return on equity of 20.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Iqvia Hldgs Inc (IQV) generated $2.1B in free cash flow during fiscal year 2025. This represents a -3.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Iqvia Hldgs Inc (IQV) generated $2.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Iqvia Hldgs Inc (IQV) had $29.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Iqvia Hldgs Inc (IQV) invested $603.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Iqvia Hldgs Inc (IQV) spent $1.2B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Iqvia Hldgs Inc (IQV) had 170M shares outstanding as of fiscal year 2025.

Iqvia Hldgs Inc (IQV) had a current ratio of 0.75 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Iqvia Hldgs Inc (IQV) had a debt-to-equity ratio of 2.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Iqvia Hldgs Inc (IQV) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Iqvia Hldgs Inc (IQV) has an Altman Z-Score of 1.80, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Iqvia Hldgs Inc (IQV) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Iqvia Hldgs Inc (IQV) has an earnings quality ratio of 1.95x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Iqvia Hldgs Inc (IQV) has an interest coverage ratio of 3.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Iqvia Hldgs Inc (IQV) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

Back to top