IQVIA Holdings Inc. (IQV) reported $17.31B of revenue for the twelve months ended Sep 30, 2026. That is up 8.8% from the year before. Revenue for fiscal 2025 was $16.31B.

Yes. IQVIA Holdings Inc. earned $1.40B in net income for the twelve months ended Sep 30, 2026, a net margin of 8.1%.

How much cash and debt does IQV have?

IQVIA Holdings Inc. reported $2.25B in cash and cash equivalents and $16.07B of debt on its most recent balance sheet in SEC filings.

How fast is IQV revenue growing?

IQVIA Holdings Inc.'s revenue changed +5.9% in fiscal 2025, to $16.31B. Its compound annual growth rate was +7.5% over 5 years and +11.0% over 10 years.

What is IQV free cash flow?

IQVIA Holdings Inc. generated $2.08B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.74B less capital expenditures.

What is IQV earnings per share?

Diluted earnings per share were $8.21 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did IQV last report financial results?

The latest statements here come from IQVIA Holdings Inc.'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.

Where does this IQV financial data come from?

Quantisnow builds these statements from the structured XBRL data IQVIA Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · IQV

IQVIA Holdings Inc. (IQV) financials

For the twelve months ended Sep 30, 2026, IQVIA Holdings Inc. reported $17.31B of revenue and $1.40B of net income.

Revenue, TTM: $17.31B
Revenue growth, YoY: +8.8%
Net income, TTM: $1.40B
Net income growth, YoY: +8.9%
Net margin: 8.1%
Free cash flow, TTM: $2.08B
EPS, diluted, TTM: $8.21
EPS growth, YoY: +12.8%
Cash: $2.25B
Total debt: $16.07B
P/E: 32.07
P/S: 2.59
Market cap: $44.80B

Annual revenue$16.31B

FY2016FY2025

Annual net income$1.36B

FY2016FY2025

Annual free cash flow$2.05B

FY2016FY2025

IQV revenue and earnings growth

IQV revenueQ3 2026$4.43B

Quarter YoY: +8.0%
QoQ: +1.4%
FY YoY: +5.9%
5Y CAGR: +7.5%
10Y CAGR: +11.0%

IQV revenue was $4.43B in fiscal Q3 2026 (ended Sep 30, 2026), up 8.0% from a year earlier and up 1.4% from the prior quarter. For the full fiscal 2025 it was $16.31B, up 5.9% from fiscal 2024. Compound annual growth was +7.5% over 5 years and +11.0% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

IQV net incomeQ3 2026$350.00M

Quarter YoY: +5.7%
QoQ: +35.7%
FY YoY: -0.9%
5Y CAGR: +37.3%
10Y CAGR: +13.4%

IQV net income was $350.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 5.7% from a year earlier and up 35.7% from the prior quarter. For the full fiscal 2025 it was $1.36B, down 0.9% from fiscal 2024. Compound annual growth was +37.3% over 5 years and +13.4% over 10 years. It rose in 6 of the last 10 fiscal years.

IQV EPSQ3 2026$2.10

Quarter YoY: +8.8%
QoQ: +37.3%
FY YoY: +4.7%
5Y CAGR: +40.5%

IQV diluted EPS was $2.10 in fiscal Q3 2026 (ended Sep 30, 2026), up 8.8% from a year earlier and up 37.3% from the prior quarter. For the full fiscal 2025 it was $7.84, up 4.7% from fiscal 2024. Compound annual growth was +40.5% over 5 years.

IQV free cash flowQ3 2026$667.00M

Quarter YoY: -13.6%
QoQ: +85.3%
FY YoY: -3.0%
5Y CAGR: +8.8%
10Y CAGR: +17.8%

IQV free cash flow was $667.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 13.6% from a year earlier and up 85.3% from the prior quarter. For the full fiscal 2025 it was $2.05B, down 3.0% from fiscal 2024. Compound annual growth was +8.8% over 5 years and +17.8% over 10 years. It rose in 6 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$16.31B	$15.40B	$14.98B	$14.41B	$13.87B	$11.36B	$11.09B	$10.41B	$9.70B	$6.82B
Cost of revenue	-	-	-	-	-	-	-	-	$4.62B	$3.24B
Gross profit	-	-	-	-	-	-	-	-	$5.08B	$3.58B
Selling, general and admin	$2.00B	$1.99B	$2.05B	$2.07B	$1.96B	$1.79B	$1.73B	$1.72B	$1.62B	$1.02B
Operating income	$2.18B	$2.20B	$1.98B	$1.80B	$1.39B	$731.00M	$777.00M	$741.00M	$665.00M	$576.00M
Interest expense	$729.00M	$670.00M	$672.00M	$416.00M	$375.00M	$416.00M	$447.00M	$414.00M	$346.00M	$144.00M
Pre-tax income	$1.59B	$1.67B	$1.46B	$1.36B	$1.13B	$373.00M	$352.00M	$328.00M	$294.00M	$416.00M
Income tax	$252.00M	$301.00M	$101.00M	$260.00M	$163.00M	$72.00M	$116.00M	$59.00M	-$992.00M	$325.00M
Net income	$1.36B	$1.37B	$1.36B	$1.09B	$966.00M	$279.00M	$191.00M	$259.00M	$1.28B	$72.00M
EPS, basic	$7.91	$7.57	$7.39	$5.82	$5.05	$1.46	$0.98	$1.27	$5.86	$0.48
EPS, diluted	$7.84	$7.49	$7.29	$5.72	$4.95	$1.43	$0.96	$1.24	$5.74	$0.47
Diluted shares	173.5M	183.4M	186.3M	190.6M	195.0M	195.0M	199.6M	208.2M	222.6M	152.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$1.98B	$1.70B	$1.38B	$1.22B	$1.37B	$1.81B	$837.00M	$891.00M	$959.00M	$1.20B
Short-term investments	$161.00M	$141.00M	$120.00M	$93.00M	$111.00M	$88.00M	$62.00M	$47.00M	$46.00M	$40.00M
Receivables	$3.40B	$3.20B	$3.38B	$2.92B	$2.55B	$2.41B	$2.58B	$2.39B	$2.10B	$1.71B
Current assets	$6.25B	$5.83B	$5.60B	$4.98B	$4.76B	$5.09B	$4.13B	$3.87B	$3.55B	$3.34B
Goodwill	$16.62B	$14.71B	$14.57B	$13.92B	$13.30B	$12.65B	$12.16B	$11.80B	$11.85B	$10.73B
Total assets	$29.94B	$26.90B	$26.68B	$25.34B	$24.69B	$24.56B	$23.25B	$22.55B	$22.86B	$21.21B
Current liabilities	$8.34B	$6.96B	$6.49B	$5.58B	$5.24B	$4.56B	$3.94B	$3.53B	$3.16B	$2.71B
Short-term debt	$1.84B	$1.15B	$718.00M	$152.00M	$91.00M	$149.00M	$100.00M	$100.00M	$103.00M	$92.00M
Long-term debt	$13.88B	$12.84B	$12.96B	$12.60B	$12.03B	$12.38B	$11.54B	$10.91B	$10.12B	$7.11B
Total debt	$15.72B	$13.98B	$13.67B	$12.75B	$12.13B	$12.53B	$11.64B	$11.01B	$10.22B	$7.20B
Total liabilities	$23.31B	$20.83B	$20.57B	$19.57B	$18.65B	$18.28B	$16.99B	$15.60B	$14.61B	$12.35B
Shareholders' equity	$6.50B	$6.07B	$6.11B	$5.76B	$6.04B	$6.28B	$6.26B	$6.95B	$8.24B	$8.78B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$2.65B	$2.72B	$2.15B	$2.26B	$2.94B	$1.96B	$1.42B	$1.25B	$970.00M	$860.00M
Capital expenditures	$603.00M	$602.00M	$649.00M	$674.00M	$640.00M	$616.00M	$582.00M	$459.00M	$369.00M	$164.00M
Free cash flow	$2.05B	$2.11B	$1.50B	$1.59B	$2.30B	$1.34B	$835.00M	$795.00M	$601.00M	$696.00M
Investing cash flow	-$2.31B	-$1.44B	-$1.60B	-$2.01B	-$2.10B	-$796.00M	-$1.19B	-$810.00M	-$1.19B	$1.73B
Financing cash flow	-$150.00M	-$878.00M	-$382.00M	-$329.00M	-$1.24B	-$217.00M	-$276.00M	-$452.00M	-$72.00M	-$2.28B
Share repurchases	$1.24B	$1.35B	$992.00M	$1.17B	$406.00M	$447.00M	$949.00M	$1.41B	$2.62B	$1.10B
Stock-based compensation	$247.00M	$206.00M	$217.00M	$194.00M	$170.00M	$95.00M	$146.00M	$113.00M	$106.00M	$106.00M
Depreciation and amortization	$1.14B	$1.11B	$1.13B	$1.13B	$1.26B	$1.29B	$1.20B	$1.14B	$1.01B	$289.00M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	5.9%	2.8%	4.0%	3.9%	22.1%	2.4%	6.5%	7.3%	42.4%	18.8%
Net income growth, YoY	-0.9%	1.1%	24.5%	12.9%	246.2%	46.1%	-26.3%	-79.7%	1673.6%	-81.4%
EPS growth, YoY	4.7%	2.7%	27.4%	15.6%	246.2%	49.0%	-22.6%	-78.4%	-	-84.7%
Gross margin	-	-	-	-	-	-	-	-	52.4%	52.5%
Operating margin	13.4%	14.3%	13.2%	12.5%	10.0%	6.4%	7.0%	7.1%	6.9%	8.5%
Net margin	8.3%	8.9%	9.1%	7.6%	7.0%	2.5%	1.7%	2.5%	13.2%	1.1%
Free cash flow margin	12.6%	13.7%	10.0%	11.0%	16.6%	11.8%	7.5%	7.6%	6.2%	10.2%
Return on equity	20.9%	22.6%	22.2%	18.9%	16.0%	4.4%	3.0%	3.7%	15.5%	0.8%
Return on assets	4.5%	5.1%	5.1%	4.3%	3.9%	1.1%	0.8%	1.1%	5.6%	0.3%
Current ratio	0.75	0.84	0.86	0.89	0.91	1.12	1.05	1.10	1.13	1.23
Debt to equity	2.42	2.30	2.24	2.21	2.01	2.00	1.86	1.58	1.24	0.82

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$4.43B	$4.37B	$4.15B	$4.36B	$4.10B	$4.02B	$3.83B	$3.96B	$3.90B	$3.81B	$3.74B	$3.87B
Gross profit	-	-	-	-	-	-	-	-	$915.00M	$863.00M	$827.00M	-
Selling, general and admin	$569.00M	$574.00M	$502.00M	$468.00M	$514.00M	$509.00M	$508.00M	$453.00M	$522.00M	$509.00M	$508.00M	$556.00M
Operating income	$572.00M	$506.00M	$514.00M	$627.00M	$553.00M	$506.00M	$496.00M	$626.00M	$550.00M	$520.00M	$506.00M	$501.00M
Interest expense	$203.00M	$197.00M	$192.00M	$193.00M	$189.00M	$182.00M	$165.00M	$171.00M	$170.00M	$163.00M	$166.00M	$181.00M
Pre-tax income	$386.00M	$301.00M	$328.00M	$537.00M	$408.00M	$323.00M	$323.00M	$544.00M	$349.00M	$436.00M	$340.00M	$373.00M
Income tax	$76.00M	$60.00M	$59.00M	$59.00M	$76.00M	$56.00M	$61.00M	$112.00M	$65.00M	$75.00M	$49.00M	-$102.00M
Net income	$350.00M	$258.00M	$275.00M	$514.00M	$331.00M	$266.00M	$249.00M	$437.00M	$285.00M	$363.00M	$288.00M	$469.00M
EPS, basic	$2.13	$1.54	$1.63	$3.00	$1.94	$1.55	$1.42	$2.43	$1.57	$1.99	$1.58	$2.56
EPS, diluted	$2.10	$1.53	$1.61	$2.97	$1.93	$1.54	$1.40	$2.41	$1.55	$1.97	$1.56	$2.54
Diluted shares	167.0M	167.3M	169.8M	-	171.7M	173.2M	177.4M	-	184.2M	184.3M	184.3M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$2.25B	$1.91B	$1.95B	$1.98B	$1.81B	$2.04B	$1.74B	$1.70B	$1.57B	$1.54B	$1.44B	$1.38B
Short-term investments	$173.00M	$171.00M	$156.00M	$161.00M	$158.00M	$149.00M	$136.00M	$141.00M	$140.00M	$133.00M	$131.00M	$120.00M
Receivables	$3.29B	$3.35B	$3.35B	$3.40B	$3.27B	$3.34B	$3.27B	$3.20B	$3.20B	$3.25B	$3.43B	$3.38B
Current assets	$6.45B	$6.23B	$6.22B	$6.25B	$5.98B	$6.34B	$5.91B	$5.83B	$5.63B	$5.62B	$5.65B	$5.60B
Goodwill	$16.90B	$16.60B	$16.54B	$16.62B	$15.95B	$15.61B	$15.03B	$14.71B	$15.09B	$14.48B	$14.52B	$14.57B
Total assets	$30.47B	$29.88B	$29.68B	$29.94B	$28.73B	$28.63B	$27.32B	$26.90B	$27.18B	$26.40B	$26.57B	$26.68B
Current liabilities	$7.78B	$8.81B	$8.33B	$8.34B	$8.51B	$7.57B	$7.18B	$6.96B	$6.99B	$6.62B	$6.45B	$6.49B
Short-term debt	$1.24B	$2.29B	$1.84B	$1.84B	$2.16B	$1.31B	$1.22B	$1.15B	$1.22B	$1.17B	$717.00M	$718.00M
Long-term debt	$14.82B	$13.71B	$13.99B	$13.88B	$12.79B	$14.18B	$13.11B	$12.84B	$12.29B	$12.09B	$12.82B	$12.96B
Total debt	$16.07B	$16.00B	$15.83B	$15.72B	$14.96B	$15.49B	$14.33B	$13.98B	$13.51B	$13.26B	$13.54B	$13.67B
Total liabilities	$23.68B	$23.58B	$23.33B	$23.31B	$22.44B	$22.85B	$21.34B	$20.83B	$20.21B	$19.68B	$20.23B	$20.57B
Shareholders' equity	$6.66B	$6.30B	$6.35B	$6.50B	$6.29B	$5.79B	$5.99B	$6.07B	$6.97B	$6.71B	$6.34B	$6.11B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$825.00M	$558.00M	$618.00M	$735.00M	$908.00M	$443.00M	$568.00M	$885.00M	$721.00M	$588.00M	$522.00M	$747.00M
Capital expenditures	$158.00M	$198.00M	$127.00M	$174.00M	$136.00M	$151.00M	$142.00M	$164.00M	$150.00M	$143.00M	$145.00M	$179.00M
Free cash flow	$667.00M	$360.00M	$491.00M	$561.00M	$772.00M	$292.00M	$426.00M	$721.00M	$571.00M	$445.00M	$377.00M	$568.00M
Investing cash flow	-$559.00M	-$381.00M	-$196.00M	-$1.10B	-$550.00M	-$346.00M	-$305.00M	-$310.00M	-$599.00M	-$221.00M	-$314.00M	-$212.00M
Financing cash flow	$78.00M	-$214.00M	-$433.00M	$535.00M	-$572.00M	$145.00M	-$258.00M	-$375.00M	-$137.00M	-$260.00M	-$106.00M	-$420.00M
Share repurchases	$0	$398.00M	$552.00M	$212.00M	$0	$657.00M	$375.00M	$1.15B	$200.00M	$0	$0	$229.00M
Stock-based compensation	$83.00M	$95.00M	$65.00M	$60.00M	$55.00M	$60.00M	$72.00M	$48.00M	$54.00M	$48.00M	$56.00M	$45.00M
Depreciation and amortization	$321.00M	$292.00M	$288.00M	$317.00M	$286.00M	$276.00M	$265.00M	$303.00M	$278.00M	$269.00M	$264.00M	$316.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	8.0%	8.7%	8.4%	10.3%	5.2%	5.3%	2.5%	2.3%	4.3%	2.3%	2.3%	3.5%
Net income growth, YoY	5.7%	-3.0%	10.4%	17.6%	16.1%	-26.7%	-13.5%	-6.8%	-5.9%	22.2%	-0.3%	106.6%
EPS growth, YoY	8.8%	-0.6%	15.0%	23.2%	24.5%	-21.8%	-10.3%	-5.1%	-4.9%	23.9%	2.0%	109.9%
Gross margin	-	-	-	-	-	-	-	-	23.5%	22.6%	22.1%	-
Operating margin	12.9%	11.6%	12.4%	14.4%	13.5%	12.6%	13.0%	15.8%	14.1%	13.6%	13.5%	13.0%
Net margin	7.9%	5.9%	6.6%	11.8%	8.1%	6.6%	6.5%	11.0%	7.3%	9.5%	7.7%	12.1%
Free cash flow margin	15.1%	8.2%	11.8%	12.9%	18.8%	7.3%	11.1%	18.2%	14.7%	11.7%	10.1%	14.7%
Current ratio	0.83	0.71	0.75	0.75	0.70	0.84	0.82	0.84	0.81	0.85	0.88	0.86
Debt to equity	2.41	2.54	2.49	2.42	2.38	2.68	2.39	2.30	1.94	1.97	2.13	2.24

Source: XBRL data IQVIA Holdings Inc. files with the SEC, latest filing dated Oct 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

IQV peers

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IQV FAQ

8 questions

What is IQV revenue?
IQVIA Holdings Inc. (IQV) reported $17.31B of revenue for the twelve months ended Sep 30, 2026. That is up 8.8% from the year before. Revenue for fiscal 2025 was $16.31B.
Is IQV profitable?
Yes. IQVIA Holdings Inc. earned $1.40B in net income for the twelve months ended Sep 30, 2026, a net margin of 8.1%.
How much cash and debt does IQV have?
IQVIA Holdings Inc. reported $2.25B in cash and cash equivalents and $16.07B of debt on its most recent balance sheet in SEC filings.
How fast is IQV revenue growing?
IQVIA Holdings Inc.'s revenue changed +5.9% in fiscal 2025, to $16.31B. Its compound annual growth rate was +7.5% over 5 years and +11.0% over 10 years.
What is IQV free cash flow?
IQVIA Holdings Inc. generated $2.08B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.74B less capital expenditures.
What is IQV earnings per share?
Diluted earnings per share were $8.21 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did IQV last report financial results?
The latest statements here come from IQVIA Holdings Inc.'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.
Where does this IQV financial data come from?
Quantisnow builds these statements from the structured XBRL data IQVIA Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.