What is Iqvia Hldgs Inc's earnings per share (EPS)?

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 Financials

IQV

Trailing 12 months to March 31, 2026

Revenue $16.6B +7.3% YoY

Net Income $1.4B +3.8% YoY

EPS (Diluted) $8.06 +10.0% YoY

Free Cash Flow $2.1B -2.2% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 5, 2026 Currency USD FYE December

Iqvia Hldgs Inc (IQV) reported $16.6B in revenue over the twelve months to Mar 31, 2026, up 7.3% from the prior twelve months. This page shows its 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).

Rhea AI IQV FY2025 2026-05-05

Cash-rich operations support debt service and buybacks even as an acquisition-heavy balance sheet keeps liquidity tight.

From FY2023 to FY2025, operating cash flow reached $7.5B against $4.1B of net income. With capex still only about a quarter of that cash flow, the business looks amortization-heavy but not reinvestment-heavy: acquired intangibles depress reported earnings, yet the model still leaves enough cash to fund interest, reduce share count, and support a leveraged capital structure.

FY2025 revenue growth did not translate into higher profitability: gross margin slipped to 33.3% from 34.9% in FY2024. Because SG&A held near $2.0B, the margin giveback looks more tied to the cost mix of work being delivered than to weakening overhead discipline.

The balance sheet is acquisition-shaped: goodwill of $16.6B is larger than total equity, and long-term debt sits at $13.9B. That makes cash generation the real shock absorber, especially with a current ratio of 0.7x and current liabilities running ahead of current assets for several years.

Financial Health Signals

Financial Health Score 51/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Iqvia Hldgs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Iqvia Hldgs Inc has an operating margin of 13.4%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 80/100, reflecting efficient cost management and pricing power. This is down from 14.3% the prior year.

Growth

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 47/100.

Leverage

Iqvia Hldgs Inc has elevated debt relative to equity (D/E of 2.13), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 17/100, reflecting increased financial risk.

Liquidity

Iqvia Hldgs Inc's current ratio of 0.75 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Iqvia Hldgs Inc converts 12.6% of revenue into free cash flow ($2.1B). This strong cash generation earns a score of 73/100.

Returns

Iqvia Hldgs Inc earns a strong 20.9% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 76/100. This is down from 22.6% the prior year.

Altman Z-Score Grey Zone

2.16

Iqvia Hldgs Inc scores 2.16, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($43.2B) relative to total liabilities ($23.3B). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

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

2.99x

Iqvia Hldgs Inc earns $2.99 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

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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%

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.

Shares Outstanding

170M

YoY-3.6%

5Y CAGR-2.4%

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

Dividends Per Share

Not reported for fiscal year 2025.

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

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.

R&D Spending

Not reported for fiscal year 2025.

IQV Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

IQV quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$16.6B	$16.3B+5.9%	$15.4B+2.8%	$15.0B+4.0%	$14.4B+3.9%	$13.9B+22.1%	$11.4B+2.4%	$11.1B+6.5%	$10.4B+6.9%	$9.7B+41.6%	$6.9B+19.9%	$5.7B+5.1%	$5.5B+7.1%	$5.1B+4.8%	$4.9B+12.4%	$4.3B
Cost of Revenue	$11.1B	$10.9B+8.5%	$10.0B+2.9%	$9.7B+3.9%	$9.4B+1.6%	$9.2B+23.1%	$7.5B+2.7%	$7.3B+8.2%	$6.7B+7.1%	$6.3B	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$5.5B	$5.4B+1.0%	$5.4B+2.6%	$5.2B+4.2%	$5.0B+8.3%	$4.6B+20.3%	$3.9B+1.9%	$3.8B+3.3%	$3.7B+6.6%	$3.4B	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.3M-42.4%	$5.8M+16.9%	$5.0M-52.5%	$10.4M+4.4%	$10.0M
SG&A Expenses	$2.0B	$2.0B+0.4%	$2.0B-3.0%	$2.1B-0.9%	$2.1B+5.4%	$2.0B+9.8%	$1.8B+3.2%	$1.7B+1.0%	$1.7B+5.8%	$1.6B+59.6%	$1.0B+24.7%	$815.0M+4.4%	$781.0M-9.2%	$860.5M+5.2%	$817.8M+7.3%	$762.3M
Operating Income	$2.2B	$2.2B-0.9%	$2.2B+11.4%	$2.0B+9.9%	$1.8B+29.1%	$1.4B+90.6%	$731.0M-5.9%	$777.0M+4.9%	$741.0M+11.4%	$665.0M+15.5%	$576.0M-10.8%	$646.0M+9.5%	$590.0M+27.6%	$462.3M+16.6%	$396.4M+14.8%	$345.3M
Interest Expense	$756.0M	$729.0M+8.8%	$670.0M-0.3%	$672.0M+61.5%	$416.0M+10.9%	$375.0M-9.9%	$416.0M-6.9%	$447.0M+8.0%	$414.0M+19.7%	$346.0M+140.3%	$144.0M+42.6%	$101.0M0.0%	$101.0M-18.2%	$123.5M+191.9%	-$134.4M-223.2%	$109.1M
Income Tax	$250.0M	$252.0M-16.3%	$301.0M+198.0%	$101.0M-61.2%	$260.0M+59.5%	$163.0M+126.4%	$72.0M-37.9%	$116.0M+96.6%	$59.0M+105.9%	-$992.0M-405.2%	$325.0M+104.4%	$159.0M+6.7%	$149.0M+55.3%	$96.0M+2.8%	$93.4M+518.1%	$15.1M
Net Income	$1.4B	$1.4B-0.9%	$1.4B+1.1%	$1.4B+24.5%	$1.1B+12.9%	$966.0M+246.2%	$279.0M+46.1%	$191.0M-26.3%	$259.0M-79.7%	$1.3B+1673.6%	$72.0M-81.4%	$387.0M+8.4%	$357.0M+57.6%	$226.6M+27.6%	$177.5M-26.6%	$241.8M
EPS (Diluted)	$8.06	$7.84+4.7%	$7.49+2.7%	$7.29+27.4%	$5.72+15.6%	$4.95+246.2%	$1.43+49.0%	$0.96-22.6%	$1.24-78.4%	$5.74+1121.3%	$0.47	$3.08+13.2%	$2.72+53.7%	$1.77+17.2%	$1.51-26.3%	$2.05

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$4.2B-4.9%	$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
Cost of Revenue	$2.8B-4.5%	$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
Gross Profit	$1.4B-5.6%	$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
SG&A Expenses	$502.0M+7.3%	$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
Operating Income	$514.0M-18.0%	$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
Interest Expense	$192.0M-0.5%	$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
Income Tax	$59.0M0.0%	$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
Net Income	$274.0M-46.7%	$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
EPS (Diluted)	$1.61-46.0%	$2.98+54.4%	$1.93+25.3%	$1.54+10.0%	$1.40-41.9%	$2.41+55.5%	$1.55-21.3%	$1.97

Not reported in any period shown, so not listed: R&D Expenses.

IQV Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

IQV quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$29.9B+11.3%	$26.9B+0.8%	$26.7B+5.3%	$25.3B+2.6%	$24.7B+0.5%	$24.6B+5.6%	$23.3B+3.1%	$22.5B-1.3%	$22.9B+7.8%	$21.2B+440.2%	$3.9B+19.1%	$3.3B+7.9%	$3.1B+22.2%	$2.5B+7.6%	$2.3B
Current Assets	$6.2B+7.2%	$5.8B+4.2%	$5.6B+12.3%	$5.0B+4.6%	$4.8B-6.4%	$5.1B+23.4%	$4.1B+6.5%	$3.9B+9.0%	$3.6B+6.5%	$3.3B+38.3%	$2.4B+12.4%	$2.1B+10.3%	$1.9B+28.9%	$1.5B	N/A
Cash & Equivalents	$2.0B+16.3%	$1.7B+23.7%	$1.4B+13.2%	$1.2B-11.0%	$1.4B-24.7%	$1.8B+116.7%	$837.0M-6.1%	$891.0M-7.1%	$959.0M-19.9%	$1.2B+22.6%	$977.0M+12.7%	$867.0M+11.6%	$777.0M+36.9%	$567.7M+10.0%	$516.3M
Goodwill	$16.6B+13.0%	$14.7B+1.0%	$14.6B+4.6%	$13.9B+4.7%	$13.3B+5.1%	$12.7B+4.1%	$12.2B+3.0%	$11.8B-0.4%	$11.8B+10.5%	$10.7B+1389.9%	$720.0M+55.2%	$464.0M+13.3%	$409.6M+35.4%	$302.4M+8.8%	$278.0M
Total Liabilities	$23.3B+11.9%	$20.8B+1.3%	$20.6B+5.1%	$19.6B+5.0%	$18.6B+2.0%	$18.3B+7.6%	$17.0B+8.9%	$15.6B+6.7%	$14.6B+18.3%	$12.3B+189.7%	$4.3B+6.6%	$4.0B+7.1%	$3.7B-3.2%	$3.9B+17.2%	$3.3B
Current Liabilities	$8.3B+19.9%	$7.0B+7.2%	$6.5B+16.4%	$5.6B+6.4%	$5.2B+15.0%	$4.6B+15.5%	$3.9B+11.6%	$3.5B+12.0%	$3.2B+16.7%	$2.7B+69.7%	$1.6B+8.3%	$1.5B-0.7%	$1.5B+13.2%	$1.3B	N/A
Long-Term Debt	$13.9B+8.1%	$12.8B-0.9%	$13.0B+2.9%	$12.6B+4.7%	$12.0B-2.8%	$12.4B+7.3%	$11.5B+5.8%	$10.9B+7.8%	$10.1B+42.4%	$7.1B+193.8%	$2.4B+6.0%	$2.3B+12.1%	$2.0B-14.0%	$2.4B	N/A
Total Equity	$6.5B+7.2%	$6.1B-0.7%	$6.1B+6.0%	$5.8B-4.6%	$6.0B+0.7%	$6.0B0.0%	$6.0B-10.6%	$6.7B-16.0%	$8.0B-7.4%	$8.6B+1630.7%	-$564.0M+19.9%	-$704.1M-5.5%	-$667.4M+50.9%	-$1.4B-40.2%	-$969.6M
Retained Earnings	$7.4B+22.4%	$6.1B+29.3%	$4.7B+40.7%	$3.3B+48.6%	$2.2B+75.6%	$1.3B+28.0%	$998.0M+23.7%	$807.0M+50.0%	$538.0M+234.8%	-$399.0M+13.6%	-$462.0M+41.4%	-$788.8M+31.1%	-$1.1B+16.5%	-$1.4B	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$29.7B-0.9%	$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
Current Assets	$6.2B-0.5%	$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
Cash & Equivalents	$1.9B-1.7%	$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
Goodwill	$16.5B-0.4%	$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
Total Liabilities	$23.3B+0.1%	$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
Current Liabilities	$8.3B-0.1%	$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
Long-Term Debt	$14.0B+0.8%	$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
Total Equity	$6.2B-4.3%	$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
Retained Earnings	$7.7B+3.7%	$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

Not reported in any period shown, so not listed: Inventory, Accounts Receivable.

IQV Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

IQV quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$2.7B	$2.7B-2.3%	$2.7B+26.4%	$2.1B-4.9%	$2.3B-23.2%	$2.9B+50.2%	$2.0B+38.2%	$1.4B+13.0%	$1.3B+29.3%	$970.0M+12.8%	$860.0M+80.7%	$476.0M+9.9%	$433.0M+10.1%	$393.4M+17.2%	$335.7M+108.6%	$161.0M
Capital Expenditures	$588.0M	$603.0M+0.2%	$602.0M-7.2%	$649.0M-3.7%	$674.0M+5.3%	$640.0M+3.9%	$616.0M+5.8%	$582.0M+26.8%	$459.0M+24.4%	$369.0M+125.0%	$164.0M+110.3%	$78.0M-6.0%	$83.0M-6.1%	$88.3M+23.8%	$71.3M-5.7%	$75.7M
Free Cash Flow	$2.1B	$2.1B-3.0%	$2.1B+40.9%	$1.5B-5.4%	$1.6B-31.1%	$2.3B+71.4%	$1.3B+60.8%	$835.0M+5.0%	$795.0M+32.3%	$601.0M-13.6%	$696.0M+74.9%	$398.0M+13.7%	$350.0M+14.7%	$305.0M+15.4%	$264.4M+210.0%	$85.3M
Investing Cash Flow	-$2.2B	-$2.3B-59.6%	-$1.4B+9.9%	-$1.6B+20.1%	-$2.0B+4.6%	-$2.1B-164.2%	-$796.0M+33.1%	-$1.2B-46.9%	-$810.0M+31.9%	-$1.2B-168.7%	$1.7B	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$325.0M	-$150.0M+82.9%	-$878.0M-129.8%	-$382.0M-16.1%	-$329.0M+73.4%	-$1.2B-469.1%	-$217.0M+21.4%	-$276.0M+38.9%	-$452.0M-527.8%	-$72.0M+96.8%	-$2.3B	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$567.9M+97.0%	$288.3M
Share Buybacks	$1.4B	$1.2B-7.9%	$1.4B+36.1%	$992.0M-15.1%	$1.2B+187.7%	$406.0M-9.2%	$447.0M-52.9%	$949.0M-32.5%	$1.4B-46.4%	$2.6B+138.8%	$1.1B+113.0%	$515.0M+24.1%	$415.0M+6350.1%	$6.4M-51.9%	$13.4M-6.7%	$14.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$618.0M-15.9%	$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
Capital Expenditures	$127.0M-27.0%	$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
Free Cash Flow	$491.0M-12.5%	$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
Investing Cash Flow	-$196.0M+82.2%	-$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
Financing Cash Flow	-$433.0M-180.9%	$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
Share Buybacks	$552.0M+160.4%	$212.0M	$0-100.0%	$657.0M+75.2%	$375.0M-67.4%	$1.1B+475.0%	$200.0M	$0

Not reported in any period shown, so not listed: Dividends Paid.

IQV Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

IQV quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	33.3%-1.6pp	34.9%-0.1pp	35.0%+0.1pp	34.9%+1.4pp	33.5%-0.5pp	34.0%-0.2pp	34.2%-1.1pp	35.2%-0.1pp	35.3%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	13.4%-0.9pp	14.3%+1.1pp	13.2%+0.7pp	12.5%+2.4pp	10.0%+3.6pp	6.4%-0.6pp	7.0%-0.1pp	7.1%+0.3pp	6.8%-1.5pp	8.4%-2.9pp	11.3%+0.5pp	10.8%+1.7pp	9.1%+0.9pp	8.2%+0.2pp	8.0%
Net Margin	8.3%-0.6pp	8.9%-0.2pp	9.1%+1.5pp	7.6%+0.6pp	7.0%+4.5pp	2.5%+0.7pp	1.7%-0.8pp	2.5%-10.6pp	13.1%+12.1pp	1.1%-5.7pp	6.8%+0.2pp	6.5%+2.1pp	4.4%+0.8pp	3.6%-1.9pp	5.6%
Return on Equity	20.9%-1.7pp	22.6%+0.4pp	22.2%+3.3pp	18.9%+2.9pp	16.0%+11.3pp	4.7%+1.5pp	3.2%-0.7pp	3.9%-12.1pp	16.0%+15.1pp	0.8%	N/A	N/A	N/A	N/A	N/A
Return on Assets	4.5%-0.6pp	5.1%0.0pp	5.1%+0.8pp	4.3%+0.4pp	3.9%+2.8pp	1.1%+0.3pp	0.8%-0.3pp	1.1%-4.4pp	5.6%+5.3pp	0.3%-9.5pp	9.9%-1.0pp	10.8%+3.4pp	7.4%+0.3pp	7.1%-3.3pp	10.4%
Current Ratio	0.75-0.1x	0.840.0x	0.860.0x	0.890.0x	0.91-0.2x	1.12+0.1x	1.05-0.1x	1.100.0x	1.13-0.1x	1.23-0.3x	1.51+0.1x	1.46+0.1x	1.31+0.2x	1.15	N/A
Debt-to-Equity	2.130.0x	2.120.0x	2.12-0.1x	2.18+0.2x	1.99-0.1x	2.06+0.1x	1.92+0.3x	1.62+0.4x	1.27+0.4x	0.82	N/A	N/A	N/A	N/A	N/A
FCF Margin	12.6%-1.1pp	13.7%+3.7pp	10.0%-1.0pp	11.0%-5.6pp	16.6%+4.8pp	11.8%+4.3pp	7.5%-0.1pp	7.6%+1.5pp	6.2%-4.0pp	10.1%+3.2pp	6.9%+0.5pp	6.4%+0.4pp	6.0%+0.5pp	5.4%+3.5pp	2.0%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	32.6%-0.3pp	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%
Operating Margin	12.4%-2.0pp	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%
Net Margin	6.6%-5.2pp	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%
Return on Equity	4.4%-3.5pp	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%
Return on Assets	0.9%-0.8pp	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%
Current Ratio	0.750.0x	0.750.0x	0.70-0.1x	0.840.0x	0.820.0x	0.840.0x	0.810.0x	0.85
Debt-to-Equity	2.25+0.1x	2.13+0.1x	2.08-0.4x	2.45+0.3x	2.19+0.1x	2.12+0.4x	1.760.0x	1.80
FCF Margin	11.8%-1.0pp	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%

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

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Where Iqvia Hldgs Inc Ranks

Frequently Asked Questions

What is Iqvia Hldgs Inc's annual revenue?

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.

How fast is Iqvia Hldgs Inc's revenue growing?

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

Is Iqvia Hldgs Inc profitable?

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

What is Iqvia Hldgs Inc's EBITDA?

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

How much debt does Iqvia Hldgs Inc have?

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

What is Iqvia Hldgs Inc's gross margin?

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.

What is Iqvia Hldgs Inc's operating margin?

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.

What is Iqvia Hldgs Inc's net profit margin?

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.

What is Iqvia Hldgs Inc's return on equity (ROE)?

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.

What is Iqvia Hldgs Inc's free cash flow?

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.

What is Iqvia Hldgs Inc's operating cash flow?

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

What are Iqvia Hldgs Inc's total assets?

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

What are Iqvia Hldgs Inc's capital expenditures?

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

Does Iqvia Hldgs Inc buy back shares?

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

How many shares does Iqvia Hldgs Inc have outstanding?

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

What is Iqvia Hldgs Inc's current ratio?

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.

What is Iqvia Hldgs Inc's debt-to-equity ratio?

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.

What is Iqvia Hldgs Inc's return on assets (ROA)?

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.

What is Iqvia Hldgs Inc's Altman Z-Score?

Iqvia Hldgs Inc (IQV) has an Altman Z-Score of 2.16, placing it in the Grey Zone (moderate 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.

What is Iqvia Hldgs Inc's Piotroski F-Score?

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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Iqvia Hldgs Inc's earnings high quality?

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.

Can Iqvia Hldgs Inc cover its interest payments?

Iqvia Hldgs Inc (IQV) has an interest coverage ratio of 2.99x, 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.

How financially healthy is Iqvia Hldgs Inc?

Iqvia Hldgs Inc (IQV) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.