IQVIA Holdings Inc. (IQV) Income Statement
IQV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsIQV revenue and net income
Where IQV's revenue goes
2025Each bar shows an amount and its share of revenue. IQV kept 8.3% of revenue as net income.
IQV profit margins
IQV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.9% | +4.2% | +7.5% | +11.0% |
| Gross profit | +1.0% | +2.6% | +7.1% | +12.9% |
| Operating income | −0.9% | +6.6% | +24.4% | +12.9% |
| Net income | −0.9% | +7.6% | +37.3% | +13.4% |
| EPS (diluted) | +7.1% | +5.5% | +13.2% | +13.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IQV quarterly EPS vs estimates
IQVIA beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 27, 2026 (estimate $2.95).
IQV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.31B | $15.40B | $14.98B | $14.41B | $13.87B | $11.36B | $11.09B | $10.41B | $9.70B | $6.82B |
| Cost of revenue | $10.88B | $10.03B | $9.74B | $9.38B | $9.23B | $7.50B | $7.30B | $6.75B | $6.30B | $4.75B |
| Gross profit | $5.43B | $5.38B | $5.24B | $5.03B | $4.64B | $3.86B | $3.79B | $3.67B | $3.40B | $2.07B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $2.00B | $1.99B | $2.05B | $2.07B | $1.96B | $1.79B | $1.73B | $1.72B | $1.60B | $1.01B |
| Total operating expenses | $3.25B | $3.17B | $3.26B | $3.23B | $3.25B | $3.13B | $3.01B | $2.92B | $2.74B | $1.49B |
| Operating income | $2.18B | $2.20B | $1.98B | $1.80B | $1.39B | $731.0M | $777.0M | $741.0M | $719.0M | $642.0M |
| Interest income | $684.0M | $47.0M | $36.0M | $403.0M | $6.0M | $6.0M | $9.0M | $8.0M | $7.0M | $4.0M |
| Interest expense | $729.0M | $670.0M | $672.0M | $416.0M | $375.0M | $416.0M | $447.0M | $414.0M | $346.0M | $144.0M |
| Income before taxes | $1.61B | $1.67B | $1.46B | $1.35B | $1.13B | $380.0M | $343.0M | $343.0M | $304.0M | $412.0M |
| Income taxes | $252.0M | $296.0M | $101.0M | $260.0M | $163.0M | $72.0M | $116.0M | $59.0M | −$987.0M | $345.0M |
| Net income | $1.36B | $1.37B | $1.36B | $1.09B | $966.0M | $279.0M | $191.0M | $259.0M | $1.31B | $115.0M |
| EBITDA | $2.94B | $3.45B | $3.26B | $2.91B | $2.77B | $2.08B | $2.00B | $1.88B | $1.65B | $849.0M |
| EPS (diluted) | $11.93 | $11.14 | $10.21 | $10.17 | $9.03 | $6.42 | $6.40 | $5.55 | $4.69 | $3.28 |
| Gross margin | 33.3% | 34.9% | 35.0% | 34.9% | 33.5% | 34.0% | 34.2% | 35.2% | 35.1% | 30.3% |
| Operating margin | 13.4% | 14.3% | 13.2% | 12.5% | 10.0% | 6.4% | 7.0% | 7.1% | 7.4% | 9.4% |
| Net margin | 8.3% | 8.9% | 9.1% | 7.6% | 7.0% | 2.5% | 1.7% | 2.5% | 13.5% | 1.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.37B | $4.15B | $4.36B | $4.10B | $4.02B | $3.83B | $3.96B | $3.90B | $3.81B | $3.74B | $3.87B | $3.74B |
| Cost of revenue | $2.93B | $2.80B | $4.07B | $2.73B | $2.69B | $2.53B | $2.58B | $2.52B | $2.76B | $2.44B | $2.48B | $2.43B |
| Gross profit | $1.44B | $1.35B | $292.0M | $1.37B | $1.32B | $1.30B | $1.38B | $1.38B | $1.06B | $1.29B | $1.39B | $1.31B |
| Sales, general & admin | $574.0M | $502.0M | $468.0M | $514.0M | $509.0M | $508.0M | $453.0M | $522.0M | $509.0M | $508.0M | $556.0M | $502.0M |
| Total operating expenses | $929.0M | $841.0M | −$440.0M | $820.0M | $817.0M | $802.0M | $752.0M | $828.0M | $509.0M | $787.0M | $889.0M | $829.0M |
| Operating income | $506.0M | $514.0M | $732.0M | $553.0M | $506.0M | $496.0M | $626.0M | $550.0M | $548.0M | $506.0M | $501.0M | $481.0M |
| Interest income | $7.0M | $10.0M | $182.0M | $13.0M | $10.0M | $11.0M | $11.0M | $13.0M | $12.0M | $11.0M | $12.0M | $167.0M |
| Interest expense | $197.0M | $192.0M | $193.0M | $189.0M | $182.0M | $165.0M | $171.0M | $170.0M | $163.0M | $166.0M | $181.0M | $181.0M |
| Income before taxes | $301.0M | $328.0M | $572.0M | $408.0M | $323.0M | $310.0M | $549.0M | $350.0M | $438.0M | $337.0M | $367.0M | $354.0M |
| Income taxes | $60.0M | $59.0M | $58.0M | $76.0M | $57.0M | $61.0M | $112.0M | $65.0M | $75.0M | $49.0M | −$102.0M | $51.0M |
| Net income | $256.0M | $274.0M | $514.0M | $331.0M | $266.0M | $249.0M | $437.0M | $285.0M | $363.0M | $288.0M | $469.0M | $303.0M |
| EBITDA | $790.0M | $808.0M | $1.05B | $883.0M | $781.0M | $753.0M | $1.02B | $797.0M | $883.0M | $767.0M | $870.0M | $827.0M |
| EPS (diluted) | $2.75 | $2.90 | $3.42 | $3.00 | $2.81 | $2.70 | $3.12 | $2.84 | $2.64 | $2.54 | $2.84 | $2.49 |
| Gross margin | 32.9% | 32.6% | 6.7% | 33.5% | 32.9% | 33.9% | 34.8% | 35.4% | 27.7% | 34.6% | 35.9% | 35.1% |
| Operating margin | 11.6% | 12.4% | 16.8% | 13.5% | 12.6% | 13.0% | 15.8% | 14.1% | 14.4% | 13.5% | 13.0% | 12.9% |
| Net margin | 5.9% | 6.6% | 11.8% | 8.1% | 6.6% | 6.5% | 11.0% | 7.3% | 9.5% | 7.7% | 12.1% | 8.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IQV's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IQV financial results
In fiscal year 2025 (ended December 31, 2025), IQVIA reported revenue of $16.3 billion, up 5.9% from the year before. It had net income of $1.4 billion (down 0.9%), a net profit margin of 8.3%. Diluted earnings per share came to $11.93. Over five years revenue grew at an average rate of 7.5% a year.
See the IQV stock overview for the latest quote and news, or the IQV chart for price history and technical indicators.
IQV income statement FAQ
What is IQVIA's annual revenue?
IQVIA reported total revenue of $16.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 5.9% from $15.4 billion the previous year.
Is IQVIA profitable?
Yes. IQVIA reported net income of $1.4 billion in fiscal 2025, a net profit margin of 8.3%; its operating margin was 13.4%.
What is IQVIA's gross margin?
IQVIA's gross margin was 33.3% in fiscal 2025: for every $100 of revenue, IQVIA kept $33 after the direct cost of its products and services.
How fast is IQVIA growing?
Revenue grew 7.5% a year on average over the last five fiscal years, from $11.4 billion to $16.3 billion.
What are IQVIA's earnings per share?
IQVIA earned $11.93 per diluted share in fiscal 2025, compared with $11.14 a year earlier.
When will IQVIA report its next earnings?
IQVIA is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does IQVIA's fiscal year end?
IQVIA's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.