What is IQVIA Holdings Inc.'s earnings per share (EPS)?

IQVIA Holdings 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 Holdings Inc. (IQV) 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

Market Cap $43.2B as of Oct 13, 2026

Price / Sales 2.6x on $16.6B revenue, trailing 12 months to March 31, 2026

Price / Earnings 31.2x on $1.4B net income, trailing 12 months to March 31, 2026

Price / Book 6.9x on $6.2B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

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

Newest figures come from the 10-Q for Q1 FY2026, filed May 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IQV SEC filings page.

IQVIA Holdings 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 2026-10-03

IQVIA converts recurring revenue into cash, but rising leverage and worsening short-term liquidity increasingly absorb the benefits of operating efficiency.

By FY2025, revenue had reached $16.31B, while gross margin was 33.3%, down from FY2023, indicating growth came with weaker gross-profit conversion. Operating margin still improved to 13.4% as free-cash-flow margin reached 12.6%, showing cost control and cash conversion partly offset the margin pressure.

Leverage and liquidity moved in different directions: debt-to-equity stayed near 2.1x through FY2025, but the current ratio fell to 0.7x from FY2021, making near-term obligations more prominent within the financing structure.

FY2025 operating cash flow was $2.65B versus $2.05B of free cash flow, so reinvestment absorbed a meaningful portion of internally generated cash. Share repurchases of $1.24B exceeded half of free cash flow, linking capital returns to a cash stream below its FY2024 level.

Financial Health Signals

Financial Health Score 50/100

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 Holdings 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 Holdings 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 79/100, reflecting efficient cost management and pricing power. This is down from 14.3% the prior year.

Growth

IQVIA Holdings 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 Holdings 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 18/100, reflecting increased financial risk.

Liquidity

IQVIA Holdings 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 Holdings Inc. converts 12.6% of revenue into free cash flow ($2.1B). This strong cash generation earns a score of 72/100.

Returns

IQVIA Holdings 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 75/100. This is down from 22.6% the prior year.

Altman Z-Score Grey Zone

2.16

IQVIA Holdings 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 Holdings 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 Holdings 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 Holdings 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

$4.2B

YoY+8.4%

QoQ-4.9%

5Y CAGR+4.0%

10Y CAGR+10.8%

IQVIA Holdings Inc. generated $4.2B in revenue in Q1 2026. This represents an increase of 8.4% from the same quarter a year earlier. Against the prior quarter it is down 4.9%.

EBITDA

$802.0M

YoY+5.4%

QoQ-15.0%

5Y CAGR+3.8%

10Y CAGR+14.3%

IQVIA Holdings Inc.'s EBITDA was $802.0M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.4% from the same quarter a year earlier. Against the prior quarter it is down 15.0%.

Net Income

$274.0M

YoY+10.0%

QoQ-46.7%

5Y CAGR+5.3%

10Y CAGR+9.9%

IQVIA Holdings Inc. reported $274.0M in net income in Q1 2026. This represents an increase of 10.0% from the same quarter a year earlier. Against the prior quarter it is down 46.7%.

EPS (Diluted)

$1.61

YoY+15.0%

QoQ-46.0%

5Y CAGR+8.1%

10Y CAGR+6.2%

IQVIA Holdings Inc. earned $1.61 per diluted share (EPS) in Q1 2026. This represents an increase of 15.0% from the same quarter a year earlier. Against the prior quarter it is down 46.0%.

Cash & Balance Sheet

Free Cash Flow

$491.0M

YoY+15.3%

QoQ-12.5%

5Y CAGR-7.3%

10Y CAGR+19.0%

IQVIA Holdings Inc. generated $491.0M in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 15.3% from the same quarter a year earlier. Against the prior quarter it is down 12.5%.

Cash & Debt

$1.9B

YoY+11.9%

QoQ-1.7%

5Y CAGR-3.3%

10Y CAGR+6.3%

IQVIA Holdings Inc. held $1.9B in cash against $14.0B in long-term debt as of Q1 2026.

Shares Outstanding

167M

YoY-3.5%

QoQ-1.6%

5Y CAGR-2.7%

10Y CAGR+3.4%

IQVIA Holdings Inc. had 167M shares outstanding in Q1 2026. This represents a decrease of 3.5% from the same quarter a year earlier. Against the prior quarter it is down 1.6%.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin

32.6%

YoY-1.3pp

QoQ-0.3pp

5Y change+11.2pp

IQVIA Holdings Inc.'s gross margin was 32.6% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.

Operating Margin

12.4%

YoY-0.6pp

QoQ-2.0pp

5Y change+2.3pp

10Y change+0.4pp

IQVIA Holdings Inc.'s operating margin was 12.4% in Q1 2026, reflecting core business profitability. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.

Net Margin

6.6%

YoY+0.1pp

QoQ-5.2pp

5Y change+0.4pp

10Y change-0.6pp

IQVIA Holdings Inc.'s net profit margin was 6.6% in Q1 2026, showing the share of revenue converted to profit. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.2 percentage points.

Return on Equity

4.4%

YoY+0.2pp

QoQ-3.5pp

5Y change+0.8pp

IQVIA Holdings Inc.'s ROE was 4.4% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.5 percentage points.

Capital Allocation

Share Buybacks

$552.0M

YoY+47.2%

QoQ+160.4%

5Y CAGR+54.8%

IQVIA Holdings Inc. spent $552.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 47.2% from the same quarter a year earlier. Against the prior quarter it is up 160.4%.

Capital Expenditures

$127.0M

YoY-10.6%

QoQ-27.0%

5Y CAGR-3.1%

10Y CAGR+17.2%

IQVIA Holdings Inc. invested $127.0M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 10.6% from the same quarter a year earlier. Against the prior quarter it is down 27.0%.

R&D Spending

Not reported for Q1 2026.

IQV Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IQV quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
EBITDA	N/A	$3.3B+0.3%	$3.3B+6.9%	$3.1B+5.9%	$2.9B+10.2%	$2.7B+31.7%	$2.0B+2.0%	$2.0B+5.2%	$1.9B+12.3%	$1.7B+93.8%	$865.0M+11.8%	$774.0M+8.9%	$711.0M+24.8%	$569.8M+15.2%	$494.7M+13.1%	$437.3M
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 (Basic)	N/A	$7.91+4.5%	$7.57+2.4%	$7.39+27.0%	$5.82+15.2%	$5.05+245.9%	$1.46+49.0%	$0.98-22.8%	$1.27-78.3%	$5.86+1120.8%	$0.48-84.8%	$3.15+13.3%	$2.78+51.9%	$1.83+19.6%	$1.53-26.4%	$2.08
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
Diluted Shares (Avg)	N/A	174M-5.4%	183M-1.6%	186M-2.3%	191M-2.3%	195M0.0%	195M-2.3%	200M-4.1%	208M-6.5%	223M+46.4%	152M	126M-4.2%	131M+2.5%	128M+8.5%	118M-0.1%	118M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$4.2B+8.4%	$4.4B+10.3%	$4.1B+5.2%	$4.0B+5.3%	$3.8B+2.5%	$4.0B+2.3%	$3.9B+4.3%	$3.8B+2.3%
Cost of Revenue	$2.8B+10.5%	$2.9B+13.5%	$2.7B+8.3%	$2.7B+8.3%	$2.5B+3.6%	$2.6B+4.1%	$2.5B+3.8%	$2.5B+1.8%
Gross Profit	$1.4B+4.4%	$1.4B-48.2%	$1.4B+50.1%	$1.3B+53.3%	$1.3B+57.0%	$2.8B+1.7%	$915.0M+6.1%	$863.0M+1.5%
SG&A Expenses	$502.0M-1.2%	$468.0M+3.3%	$514.0M-1.5%	$509.0M0.0%	$508.0M0.0%	$453.0M-18.5%	$522.0M+4.0%	$509.0M+5.6%
Operating Income	$514.0M+3.6%	$627.0M+0.2%	$553.0M+0.5%	$506.0M-2.7%	$496.0M-2.0%	$626.0M+25.0%	$550.0M+14.3%	$520.0M-0.8%
EBITDA	$802.0M+5.4%	$944.0M+1.6%	$839.0M+1.3%	$782.0M-0.9%	$761.0M-1.2%	$929.0M+13.7%	$828.0M+6.4%	$789.0M+0.8%
Interest Expense	$192.0M+16.4%	$193.0M+12.9%	$189.0M+11.2%	$182.0M+11.7%	$165.0M-0.6%	$171.0M-5.5%	$170.0M-6.1%	$163.0M-3.6%
Income Tax	$59.0M-3.3%	$59.0M-47.3%	$76.0M+16.9%	$56.0M-25.3%	$61.0M+24.5%	$112.0M+209.8%	$65.0M+27.5%	$75.0M-7.4%
Net Income	$274.0M+10.0%	$514.0M+17.6%	$331.0M+16.1%	$266.0M-26.7%	$249.0M-13.5%	$437.0M-6.8%	$285.0M-5.9%	$363.0M+22.2%
EPS (Basic)	$1.63+14.8%	$3.01+23.9%	$1.94+23.6%	$1.55-22.1%	$1.42-10.1%	$2.43-5.4%	$1.57-5.4%	$1.99+23.6%
EPS (Diluted)	$1.61+15.0%	$2.98+23.7%	$1.93+24.5%	$1.54-21.8%	$1.40-10.3%	$2.41-4.7%	$1.55-4.9%	$1.97+23.9%
Diluted Shares (Avg)	170M-4.3%	N/A	172M-6.8%	173M-6.0%	177M-3.7%	N/A	184M-0.7%	184M-1.3%

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

IQV Balance Sheet

IQV quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Short-Term Investments	$161.0M+14.2%	$141.0M+17.5%	$120.0M+29.0%	$93.0M-16.2%	$111.0M+26.1%	$88.0M+41.9%	$62.0M+31.9%	$47.0M+2.2%	$46.0M+15.0%	$40.0M	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0-100.0%	$41.0M+412.5%	$8.0M-38.5%	$13.0M-60.6%	$33.0M-4.4%	$34.5M-14.5%	$40.3M+12.2%	$36.0M	$0
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
Non-Current Liabilities	$15.0B+7.9%	$13.9B-1.4%	$14.1B+0.6%	$14.0B+4.4%	$13.4B-2.3%	$13.7B+5.2%	$13.0B+8.1%	$12.1B+5.3%	$11.5B+18.8%	$9.6B+261.4%	$2.7B+5.5%	$2.5B+12.3%	$2.3B-11.7%	$2.5B	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	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$29.7B+8.6%	$29.9B+11.3%	$28.7B+5.7%	$28.6B+8.5%	$27.3B+2.8%	$26.9B+0.8%	$27.2B+4.6%	$26.4B+1.4%
Current Assets	$6.2B+5.2%	$6.2B+7.2%	$6.0B+6.2%	$6.3B+12.9%	$5.9B+4.6%	$5.8B+4.2%	$5.6B+8.1%	$5.6B+5.5%
Cash & Equivalents	$1.9B+11.9%	$2.0B+16.3%	$1.8B+15.4%	$2.0B+32.0%	$1.7B+20.5%	$1.7B+23.7%	$1.6B+28.4%	$1.5B+11.8%
Short-Term Investments	$156.0M+14.7%	$161.0M+14.2%	$158.0M+12.9%	$149.0M+12.0%	$136.0M+3.8%	$141.0M+17.5%	$140.0M+29.6%	$133.0M+20.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$16.5B+10.1%	$16.6B+13.0%	$15.9B+5.7%	$15.6B+7.8%	$15.0B+3.5%	$14.7B+1.0%	$15.1B+5.6%	$14.5B+2.1%
Total Liabilities	$23.3B+9.3%	$23.3B+11.9%	$22.4B+11.0%	$22.8B+16.1%	$21.3B+5.5%	$20.8B+1.3%	$20.2B+0.2%	$19.7B-3.0%
Current Liabilities	$8.3B+16.0%	$8.3B+19.9%	$8.5B+21.7%	$7.6B+14.4%	$7.2B+11.3%	$7.0B+7.2%	$7.0B+6.1%	$6.6B+1.2%
Non-Current Liabilities	$15.0B+5.9%	$15.0B+7.9%	$13.9B+5.4%	$15.3B+16.9%	$14.2B+2.7%	$13.9B-1.4%	$13.2B-2.7%	$13.1B-5.0%
Long-Term Debt	$14.0B+6.7%	$13.9B+8.1%	$12.8B+4.1%	$14.2B+17.3%	$13.1B+2.3%	$12.8B-0.9%	$12.3B-0.2%	$12.1B-2.8%
Total Equity	$6.2B+4.1%	$6.5B+7.2%	$6.2B-11.6%	$5.8B-13.9%	$6.0B-5.8%	$6.1B-0.7%	$7.0B+20.0%	$6.7B+16.8%
Retained Earnings	$7.7B+21.9%	$7.4B+22.4%	$6.9B+22.8%	$6.6B+23.2%	$6.3B+26.8%	$6.1B+29.3%	$5.6B+33.3%	$5.3B+36.3%

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

IQV Cash Flow Statement

IQV quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Depreciation & Amortization	N/A	$1.1B+2.7%	$1.1B-1.0%	$1.1B-0.4%	$1.1B-10.6%	$1.3B-1.8%	$1.3B+7.1%	$1.2B+5.3%	$1.1B+12.9%	$1.0B+249.8%	$289.0M+125.8%	$128.0M+5.8%	$121.0M+12.6%	$107.5M+9.4%	$98.3M+6.8%	$92.0M
Stock-Based Compensation	N/A	$247.0M+19.9%	$206.0M-5.1%	$217.0M+11.9%	$194.0M+14.1%	$170.0M+78.9%	$95.0M-34.9%	$146.0M+29.2%	$113.0M+6.6%	$106.0M0.0%	$106.0M+178.9%	$38.0M+26.7%	$30.0M+31.4%	$22.8M-12.0%	$25.9M+83.5%	$14.1M
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	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$618.0M+8.8%	$735.0M-16.9%	$908.0M+25.9%	$443.0M-24.7%	$568.0M+8.8%	$885.0M+18.5%	$721.0M+23.7%	$588.0M+46.3%
Depreciation & Amortization	$288.0M+8.7%	$317.0M+4.6%	$286.0M+2.9%	$276.0M+2.6%	$265.0M+0.4%	$303.0M-4.1%	$278.0M-6.4%	$269.0M+3.9%
Stock-Based Compensation	$65.0M-9.7%	N/A	N/A	N/A	$72.0M+28.6%	N/A	N/A	N/A
Capital Expenditures	$127.0M-10.6%	$174.0M+6.1%	$136.0M-9.3%	$151.0M+5.6%	$142.0M-2.1%	$164.0M-8.4%	$150.0M+2.7%	$143.0M-10.6%
Free Cash Flow	$491.0M+15.3%	$561.0M-22.2%	$772.0M+35.2%	$292.0M-34.4%	$426.0M+13.0%	$721.0M+26.9%	$571.0M+30.7%	$445.0M+83.9%
Investing Cash Flow	-$196.0M+35.7%	-$1.1B-256.1%	-$550.0M+8.2%	-$346.0M-56.6%	-$305.0M+2.9%	-$310.0M-46.2%	-$599.0M-4.5%	-$221.0M+62.9%
Financing Cash Flow	-$433.0M-67.8%	$535.0M+242.7%	-$572.0M-317.5%	$145.0M+155.8%	-$258.0M-143.4%	-$375.0M+10.7%	-$137.0M+4.9%	-$260.0M-373.7%
Share Buybacks	$552.0M+47.2%	$212.0M-81.6%	$0-100.0%	$657.0M	$375.0M	$1.1B+402.2%	$200.0M+38.9%	$0-100.0%

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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IQV quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Asset Turnover	0.540.0x	0.570.0x	0.560.0x	0.570.0x	0.56+0.1x	0.460.0x	0.480.0x	0.460.0x	0.43+0.1x	0.32-1.1x	1.46-0.2x	1.660.0x	1.67-0.3x	1.95+0.1x	1.86
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	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	32.6%-1.3pp	32.9%-37.1pp	33.5%+10.0pp	32.9%+10.3pp	33.9%+11.8pp	70.0%-0.5pp	23.5%+0.4pp	22.6%-0.2pp
Operating Margin	12.4%-0.6pp	14.4%-1.5pp	13.5%-0.6pp	12.6%-1.0pp	13.0%-0.6pp	15.8%+2.9pp	14.1%+1.2pp	13.6%-0.4pp
Net Margin	6.6%+0.1pp	11.8%+0.7pp	8.1%+0.7pp	6.6%-2.9pp	6.5%-1.2pp	11.0%-1.1pp	7.3%-0.8pp	9.5%+1.6pp
Return on Equity	4.4%+0.2pp	7.9%+0.7pp	5.4%+1.3pp	4.6%-0.8pp	4.2%-0.4pp	7.2%-0.5pp	4.1%-1.1pp	5.4%+0.2pp
Return on Assets	0.9%0.0pp	1.7%+0.1pp	1.1%+0.1pp	0.9%-0.5pp	0.9%-0.2pp	1.6%-0.1pp	1.1%-0.1pp	1.4%+0.2pp
Current Ratio	0.75-0.1x	0.75-0.1x	0.70-0.1x	0.840.0x	0.82-0.1x	0.840.0x	0.810.0x	0.850.0x
Debt-to-Equity	2.25+0.1x	2.130.0x	2.08+0.3x	2.45+0.7x	2.19+0.2x	2.120.0x	1.76-0.4x	1.80-0.4x
Asset Turnover	0.140.0x	0.150.0x	0.140.0x	0.140.0x	0.140.0x	0.150.0x	0.140.0x	0.140.0x
FCF Margin	11.8%+0.7pp	12.9%-5.4pp	18.8%+4.2pp	7.3%-4.4pp	11.1%+1.0pp	18.2%+3.5pp	14.7%+3.0pp	11.7%+5.2pp

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

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
IQVIA Holdings Inc. IQV	FY2025	$16.3B	$1.4B	8.3%	$43.2B	50/100
Agilent Technologies Inc. A	FY2025	$6.9B	$1.3B	18.8%	$48.1B	67/100
Mettler-Toledo International MTD	FY2025	$4.0B	$869.2M	21.6%	$31.1B	27/100
Labcorp Holdings Inc. LH	FY2025	$14.0B	$877.0M	6.3%	$25.3B	50/100
Idexx Laboratories Inc IDXX	FY2025	$4.3B	$1.1B	24.6%	$40.8B	76/100
Natera, Inc. NTRA	FY2025	$2.3B	-$208.2M	-9.0%	$57.8B	52/100

Where IQVIA Holdings Inc. Ranks

Frequently Asked Questions

What is IQVIA Holdings Inc.'s annual revenue?

IQVIA Holdings 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 Holdings Inc.'s revenue growing?

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

Is IQVIA Holdings Inc. profitable?

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

What is IQVIA Holdings Inc.'s EBITDA?

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

How much debt does IQVIA Holdings Inc. have?

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

What is IQVIA Holdings Inc.'s gross margin?

IQVIA Holdings 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 Holdings Inc.'s operating margin?

IQVIA Holdings 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 Holdings Inc.'s net profit margin?

IQVIA Holdings 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 Holdings Inc.'s return on equity (ROE)?

IQVIA Holdings 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 Holdings Inc.'s free cash flow?

IQVIA Holdings 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 Holdings Inc.'s operating cash flow?

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

What are IQVIA Holdings Inc.'s total assets?

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

What are IQVIA Holdings Inc.'s capital expenditures?

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

Does IQVIA Holdings Inc. buy back shares?

Yes, IQVIA Holdings 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 Holdings Inc. have outstanding?

IQVIA Holdings Inc. (IQV) had 170M shares outstanding as of fiscal year 2025.

What is IQVIA Holdings Inc.'s current ratio?

IQVIA Holdings 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 Holdings Inc.'s debt-to-equity ratio?

IQVIA Holdings 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 Holdings Inc.'s return on assets (ROA)?

IQVIA Holdings 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 Holdings Inc.'s P/E ratio?

IQVIA Holdings Inc. (IQV) trades at 31.2x earnings, its market capitalization divided by net income of $1.4B net income, trailing 12 months to March 31, 2026. The market capitalization is $43.2B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is IQVIA Holdings Inc.'s price-to-sales ratio?

IQVIA Holdings Inc. (IQV) trades at 2.6x sales, its market capitalization divided by revenue of $16.6B revenue, trailing 12 months to March 31, 2026. The market capitalization is $43.2B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is IQVIA Holdings Inc.'s Altman Z-Score?

IQVIA Holdings 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 Holdings Inc.'s Piotroski F-Score?

IQVIA Holdings 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 Holdings Inc.'s earnings high quality?

IQVIA Holdings 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 Holdings Inc. cover its interest payments?

IQVIA Holdings 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 Holdings Inc.?

IQVIA Holdings Inc. (IQV) scores 50 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.