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Saturday 17 October 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. 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.

266.90 4.14 −1.53%
Market cap
$44.6B
P/E
32.8×
Fwd P/E
22.3×
Dividend yield
—
F-score
4/9
Altman Z
2.05
Beneish M
−2.59
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

IQVIA Holdings Inc. (IQV) Gross margin

Alert me on Gross margin

IQVIA Holdings Inc.'s gross margin over the twelve months to 30 June 2026 was 33.0%, down 0.3 percentage points from fiscal 2025 (33.3%). Over the past ten years it has ranged from 28.3% (fiscal 2015) to 35.2% (fiscal 2018); the current reading is higher than 27% of that period. That is below the Diagnostics & Research industry median of 50.9% and below the Healthcare sector median of 53.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 33.3% (1.60)
FY2024 34.9% (0.07)
FY2023 35.0% 0.07
FY2022 34.9% 1.44
FY2021 33.5% (0.52)
FY2020 34.0% (0.19)
FY2019 34.2% (1.05)
FY2018 35.2% 0.16
FY2017 35.1% 4.72
FY2016 30.3% 2.07

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 32.9% 0.21
Mar 2026 32.6% (0.27)
Dec 2025 32.9% (0.58)
Sep 2025 33.5% 0.55
42 more quarters

Against its own ten years

Low 28.3% High 35.2%
Ten-year median 34.2%
Current reading's percentile 14

Gross margin against peers

Company Gross margin
ILMN Illumina, Inc. compare 66.4%
NTRA Natera, Inc. compare 65.2%
IDXX IDEXX Laboratories, Inc. compare 62.5%
MTD Mettler-Toledo International, Inc. compare 60.3%
A Agilent Technologies, Inc. compare 53.8%
WAT Waters Corporation compare 50.9%
DGX Quest Diagnostics Incorporated compare 33.1%
IQV IQVIA Holdings Inc. 33.0%
LH Labcorp Holdings Inc. compare 28.9%
Diagnostics & Research industry median 50.9%
Healthcare sector median 53.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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