IQVIA (IQV) financials
IQVIA revenue and earnings by year
IQVIA's revenue was $16.3 billion in the fiscal year to December 31, 2025, up 5.9% from the year before. Net income was $1.36 billion, 8.3% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 10.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.3 | 15.4 | 15.0 | 14.4 | 13.9 | 11.4 | 11.1 | 10.4 | 9.7 | 6.8 |
| Revenue growth | 5.9% | 2.8% | 4.0% | 3.9% | 22.1% | 2.4% | 6.5% | 7.3% | 42.4% | — |
| Gross profit | 5.4 | 5.4 | 5.2 | 5.0 | 4.6 | 3.9 | 3.8 | 3.7 | 3.4 | 2.1 |
| Gross margin | 33.3% | 34.9% | 35.0% | 34.9% | 33.5% | 34.0% | 34.2% | 35.2% | 35.1% | 30.3% |
| Operating income | 2.2 | 2.2 | 2.0 | 1.8 | 1.4 | 0.7 | 0.8 | 0.7 | 0.7 | 0.6 |
| Operating margin | 13.4% | 14.3% | 13.2% | 12.5% | 10.0% | 6.4% | 7.0% | 7.1% | 6.9% | 8.5% |
| Net income | 1.4 | 1.4 | 1.4 | 1.1 | 1.0 | 0.3 | 0.2 | 0.3 | 1.3 | 0.1 |
| Net margin | 8.3% | 8.9% | 9.1% | 7.6% | 7.0% | 2.5% | 1.7% | 2.5% | 13.2% | 1.1% |
| Diluted EPS | $7.84 | $7.49 | $7.29 | $5.72 | $4.95 | $1.43 | $0.97 | $1.24 | $5.90 | — |
| Free cash flow | 2.1 | 2.1 | 1.5 | 1.6 | 2.3 | 1.3 | 0.8 | 0.8 | 0.6 | 0.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open IQV in Markets.
How IQVIA makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Research & Development Solutions | $2.64B | 59.6% |
| Commercial Solutions | $1.79B | 40.4% |
See also: IQV valuation and P/E history · IQV returns
No forecast, no recommendation. This page describes IQVIA from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.