IQVIA Holdings Inc.
IQV Healthcare Diagnostics & Research
IQVIA Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.3 billion, up 5.87% from fiscal 2024. In the quarter to June 2026, revenue grew 8.74%, EPS was flat, free cash flow grew 23.3% and total debt rose 3.29%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years.
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IQVIA Holdings Inc. (IQV) EV/EBITDA
As of 16 October 2026, IQVIA Holdings Inc. (IQV) trades at a EV/EBITDA of 17.1×. Over the past ten years it has ranged from 10.4× (June 2016) to 26.0× (June 2021); the current reading is higher than 45% of that period. That is below the Diagnostics & Research industry median of 24.3× and above the Healthcare sector median of 9.2×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 15.6× | 9.16% |
| FY2024 | 14.3× | (18.09%) |
| FY2023 | 17.5× | 3.55% |
| FY2022 | 16.9× | (30.20%) |
| FY2021 | 24.2× | 9.62% |
| FY2020 | 22.1× | 7.45% |
| FY2019 | 20.5× | 15.20% |
| FY2018 | 17.8× | (0.50%) |
| FY2017 | 17.9× | (4.86%) |
| FY2016 | 18.8× | 50.24% |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 13.5× | 7.89% |
| Mar 2026 | 12.5× | (19.89%) |
| Dec 2025 | 15.6× | 14.94% |
| Sep 2025 | 13.6× | 11.82% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| NTRA Natera, Inc. compare | n/m |
| DGX Quest Diagnostics Incorporated compare | 14.1× |
| LH Labcorp Holdings Inc. compare | 14.5× |
| IQV IQVIA Holdings Inc. | 17.1× |
| A Agilent Technologies, Inc. compare | 26.5× |
| MTD Mettler-Toledo International, Inc. compare | 26.6× |
| IDXX IDEXX Laboratories, Inc. compare | 27.6× |
| ILMN Illumina, Inc. compare | 35.0× |
| WAT Waters Corporation compare | 50.1× |
| Diagnostics & Research industry median | 24.3× |
| Healthcare sector median | 9.2× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on IQV
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement