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) Operating margin
IQVIA Holdings Inc.'s operating margin over the twelve months to 30 June 2026 was 13.0%, down 0.4 percentage points from fiscal 2025 (13.4%). Over the past ten years it has ranged from 6.44% (fiscal 2020) to 14.3% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Diagnostics & Research industry median of −8.57% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 13.4% | (0.91) |
| FY2024 | 14.3% | 1.10 |
| FY2023 | 13.2% | 0.71 |
| FY2022 | 12.5% | 2.44 |
| FY2021 | 10.0% | 3.60 |
| FY2020 | 6.44% | (0.57) |
| FY2019 | 7.01% | (0.11) |
| FY2018 | 7.12% | 0.27 |
| FY2017 | 6.85% | (1.60) |
| FY2016 | 8.45% | (2.81) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 11.6% | (0.80) |
| Mar 2026 | 12.4% | (1.99) |
| Dec 2025 | 14.4% | 0.88 |
| Sep 2025 | 13.5% | 0.89 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| IDXX IDEXX Laboratories, Inc. compare | 32.0% |
| MTD Mettler-Toledo International, Inc. compare | 28.4% |
| A Agilent Technologies, Inc. compare | 22.2% |
| ILMN Illumina, Inc. compare | 19.7% |
| DGX Quest Diagnostics Incorporated compare | 14.1% |
| IQV IQVIA Holdings Inc. | 13.0% |
| LH Labcorp Holdings Inc. compare | 10.4% |
| WAT Waters Corporation compare | 7.10% |
| NTRA Natera, Inc. compare | −10.7% |
| Diagnostics & Research industry median | −8.57% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on IQV
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- 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