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Friday 6 November 2026 Export IQV’s income statement to Excel — free account

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.

Revenue
+8.00%
EPS
+10.2%
Free cash flow
−21.3%
Total debt
+7.42%

Quarter to September 2026, against a year earlier

264.53 0.74 +0.28%
Market cap
$43.7B
P/E
31.8×
Fwd P/E
34.8×
Dividend yield
—
F-score
4/9
Altman Z
2.05
Beneish M
−2.59
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

IQVIA Holdings Inc. (IQV) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, IQVIA Holdings Inc. (IQV) trades at a EV/FCF of 27.5×. Over the past ten years it has ranged from 15.4× (June 2016) to 62.4× (June 2019); the current reading is higher than 40% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 24.6× 10.22%
FY2024 22.3× (38.56%)
FY2023 36.3× 16.04%
FY2022 31.3× 11.54%
FY2021 28.1× (16.01%)
FY2020 33.4× (31.72%)
FY2019 49.0× 15.41%
FY2018 42.4× (17.60%)
FY2017 51.5× 105.59%
FY2016 25.0× 0.32%

Quarterly newest first

Period EV/FCF Change
Sep 2026 27.9× 36.79%
Jun 2026 20.4× 5.13%
Mar 2026 19.4× (21.29%)
Dec 2025 24.6× 24.18%
43 more quarters

Against its own ten years

Low 15.4× High 62.4×
Ten-year median 31.1×
Current reading's percentile 40

EV/FCF against peers

Company EV/FCF
DGX Quest Diagnostics Incorporated compare 23.8×
IQV IQVIA Holdings Inc. 27.5×
LH Labcorp Holdings Inc. compare 29.8×
ILMN Illumina, Inc. compare 31.3×
A Agilent Technologies, Inc. compare 39.7×
IDXX IDEXX Laboratories, Inc. compare 40.7×
MTD Mettler-Toledo International, Inc. compare 41.4×
WAT Waters Corporation compare 190×
NTRA Natera, Inc. compare 991×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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