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NYSE · Healthcare

IQVIA HOLDINGS INC. (IQV)

As-reported financials and SEC filings for IQVIA HOLDINGS INC. The latest annual period is FY2025. The latest reported quarter is Q1 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About IQVIA HOLDINGS INC.

IQVIA Holdings Inc. provides clinical research services, commercial insights, and healthcare intelligence to the life sciences and healthcare industries. The company uses advanced data analytics, artificial intelligence, and a large global healthcare data infrastructure to support biopharmaceutical, medical device, and healthcare organizations in drug development, clinical trials, and commercialization. IQVIA serves clients worldwide, including biotech firms, pharmaceutical companies, medical researchers, government agencies, and payers.

Snapshot

Revenue
$16.31B
Revenue growth (YoY)
5.9%
Net income
$1.36B
Diluted EPS
$7.84
Gross margin
Operating margin
13.4%
Net margin
8.3%
FCF margin
12.6%
ROE
20.5%
net income / fiscal-year-end equity
P/E
32.3×
trailing when available, otherwise FY EPS
Market cap
$42.67B
Long-term debt / equity
2.09×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Iqvia Holdings

  • Revenue grew 5.9% to $16.3B in FY2025, faster than the 2.8% the year before.
  • Operating margin is 13.4% in FY2025, +3.3 pp against 10.0% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $4.2B, up 8.4% from Q1 FY2025.
  • Free cash flow was $2.1B in FY2025, 12.6% of revenue.
  • Net income fell 0.9% to $1.4B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Iqvia Holdings’s fundamentals sit among the 558 Healthcare companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin13.4%
76th percentile of 399
Net margin8.3%
71st percentile of 418
FCF margin12.6%
73rd percentile of 373
Revenue growth (YoY)+5.9%
40th percentile of 538
ROE20.5%
87th percentile of 473
P/E32.3×
67th percentile of 201
Long-term debt / equity2.09×
89th percentile of 243
Short interest3.62d
41st percentile of 557

Iqvia Holdings’s long-term debt to equity of 2.09 ranks in the 89th percentile of the 243 Healthcare companies reporting it. Iqvia Holdings’s return on equity of 20.5% ranks in the 87th percentile of the 473 Healthcare companies reporting it.

No reported insider purchases (code P) in the last 90 days; 9 insider sales totaling $29.9M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+6 quant / multi-strat
Initiated / added
6
2 new, 4 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$2.99B
reported long value
InvestorAs ofPosition valueSharesChange
Harris Associates (Oakmark)Q2 2026$2.35B12.2MAdded
AQR Capital ManagementquantQ2 2026$297.0M1.5MAdded
Millennium ManagementquantQ2 2026$99.8M516.7KAdded
D. E. ShawquantQ2 2026$90.1M466.2KNew
Point72 Asset ManagementquantQ2 2026$54.0M279.5KNew
Citadel AdvisorsquantQ2 2026$44.3M229.4KReduced
Gotham Asset ManagementQ2 2026$27.2M140.7KAdded
Two Sigma InvestmentsquantQ2 2026$9.3M48.2KReduced
Markel GroupQ2 2026$9.1M46.9KHeld
Bridgewater AssociatesQ2 2026$5.1M26.2KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
9
$29.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-02
filed 2026-09-04
Berkshire James G.See RemarksSell2.7K$261.33$697K
2026-08-03
filed 2026-08-04
STAUB W RICHARDSee RemarksSell5.5K$232.68$1.3M
2026-07-31
filed 2026-08-04
Patel BhavikSee RemarksSell1.9K$235.27$436K
2026-07-29
filed 2026-07-31
BOUSBIB ARISee RemarksSell53.2K$244.78$13.0M
2026-07-29
filed 2026-07-31
BOUSBIB ARISee RemarksSell44.0K$246.08$10.8M
2026-07-29
filed 2026-07-31
Sherbet EricSee RemarksSell5.0K$249.16$1.2M
2026-07-29
filed 2026-07-31
BOUSBIB ARISee RemarksSell4.6K$246.85$1.1M
2026-07-29
filed 2026-07-31
BOUSBIB ARISee RemarksSell4.5K$247.10$1.1M
2026-07-29
filed 2026-07-31
Cherofsky KeriannSee RemarksSell558$245.21$137K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.2M
settled 2026-08-14
Change vs prior
-6.8%
vs previous settlement
Days to cover
3.62
at avg daily volume
Avg daily volume
1.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.2M-6.8%3.62
2026-07-314.6M-13.3%2.72
2026-07-155.3M+5.7%4.24
2026-06-305.0M-1.0%2.74
2026-06-155.0M+2.8%3.48
2026-05-294.9M-0.7%2.57
2026-05-154.9M-0.6%2.54
2026-04-305.0M+3.2%3.18

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$16.31B$15.40B$14.98B$14.41B$13.87B
Gross profit
Operating income$2.18B$2.20B$1.98B$1.80B$1.39B
Net income$1.36B$1.37B$1.36B$1.09B$966.0M
Diluted EPS$7.84$7.49$7.29$5.72$4.95

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.65B$2.72B$2.15B$2.26B$2.94B
Capital expenditure$603.0M$602.0M$649.0M$674.0M$640.0M
Free cash flow$2.05B$2.11B$1.50B$1.59B$2.30B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$4.15B8.4%$274.0M$1.61
Q4 FY2025$4.36B10.3%$514.0M$2.99
Q3 FY2025$4.10B5.2%$331.0M$1.93
Q2 FY2025$4.02B5.3%$266.0M$1.54
Q1 FY2025$3.83B2.5%$249.0M$1.40
Q4 FY2024$3.96B2.3%$437.0M$2.42
Q3 FY2024$3.90B4.3%$285.0M$1.55
Q2 FY2024$3.81B2.3%$363.0M$1.97

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industryServices-Commercial Physical & Biological Research
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ1 FY2026 (ended March 31, 2026)
Oldest indexed filing2013
SEC CIK1478242

Selected SEC filings

10-K2026-02-17
View on EDGAR →
10-K2025-02-13
View on EDGAR →
10-Q2026-07-28
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
10-Q2025-10-28
View on EDGAR →
10-Q2025-07-22
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-06-11
View on EDGAR →

Largest Healthcare peers

All Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.