IQVIA HOLDINGS INC.
Business
IQVIA is a leading global provider of clinical research services, commercial insights and healthcare intelligence to life sciences and healthcare companies. The company offers technology platforms, real-world evidence solutions, analytics services, clinical trial support, laboratory services, and contract sales and medical engagement services. IQVIA operates through three reportable segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions, serving pharmaceutical, biotech, device, payer and provider customers across more than 100 countries. The company leverages proprietary healthcare data encompassing 1.2 billion unique patient records and sophisticated analytics powered by its IQVIA Connected Intelligence platform.
Summary from 10-K filed 2026-02-17
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 16,310 | 15,405 | 14,984 | 14,410 | 13,874 | |
| Cost of revenues, exclusive of depreciation and amortization | 10,880 | 10,030 | 9,745 | 9,382 | 9,233 | |
| Selling, general and administrative expenses | 1,999 | 1,992 | 2,053 | 2,071 | 1,964 | |
| Depreciation and amortization | 1,144 | 1,114 | 1,125 | 1,130 | 1,264 | |
| Restructuring costs | 105 | 67 | 84 | 28 | 20 | |
| Income from operations | 2,182 | 2,202 | 1,977 | 1,799 | 1,393 | |
| Interest income | −45 | −47 | −36 | −13 | −6 | |
| Interest expense | 729 | 670 | 672 | 416 | 375 | |
| Loss on extinguishment of debt | 6 | 0 | 6 | 0 | 26 | |
| Other income, net | −99 | −90 | −124 | 33 | −130 | |
| Income before income taxes and equity in earnings of unconsolidated affiliates | 1,591 | 1,669 | 1,459 | 1,363 | 1,128 | |
| Income tax expense | 252 | 301 | 101 | 260 | 163 | |
| Income before equity in earnings of unconsolidated affiliates | 1,339 | 1,368 | 1,358 | 1,103 | 965 | |
| Equity in earnings of unconsolidated affiliates | 22 | 5 | 0 | −12 | 6 | |
| Net income | 1,361 | 1,373 | 1,358 | 1,091 | 971 | |
| Net Income (Loss) Attributable to Noncontrolling Interest | −1 | 0 | 0 | 0 | −5 | |
| Net income | 1,360 | 1,373 | 1,358 | 1,091 | 966 | |
| Basic (in dollars per share) | 7.91 | 7.57 | 7.39 | 5.82 | 5.05 | |
| Diluted (in dollars per share) | 7.84 | 7.49 | 7.29 | 5.72 | 4.95 | |
| Basic (in shares) | 172 | 181 | 184 | 188 | 191 | |
| Diluted (in shares) | 174 | 183 | 186 | 191 | 195 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,980 | 1,702 | 1,376 | 1,216 | 1,366 | |
| Trade accounts receivable and unbilled services, net | 3,400 | 3,204 | 3,381 | 2,917 | 2,551 | |
| Prepaid expenses | 162 | 154 | 141 | 151 | 156 | |
| Income taxes receivable | 27 | 36 | 32 | 43 | 58 | |
| Investments in debt, equity and other securities | 161 | 141 | 120 | 93 | 111 | |
| Other current assets and receivables | 519 | 592 | 546 | 561 | 521 | |
| Total current assets | 6,249 | 5,829 | 5,596 | 4,981 | 4,763 | |
| Property and equipment, net | 533 | 535 | 523 | 532 | 497 | |
| Operating lease right-of-use assets | 290 | 238 | 296 | 331 | 406 | |
| Investments in debt, equity and other securities | 108 | 108 | 105 | 68 | 76 | |
| Investments in unconsolidated affiliates | 324 | 266 | 134 | 94 | 88 | |
| Goodwill | 16,616 | 14,710 | 14,567 | 13,921 | 13,301 | |
| Other identifiable intangibles, net | 4,962 | 4,499 | 4,839 | 4,820 | 4,943 | |
| Deferred income taxes | 357 | 194 | 166 | 118 | 124 | |
| Deposits and other assets, net | 505 | 520 | 455 | 472 | 491 | |
| Total assets | 29,944 | 26,899 | 26,681 | 25,337 | 24,689 | |
| Accounts payable and accrued expenses | 3,751 | 3,684 | 3,564 | 3,316 | 2,981 | |
| Unearned income | 2,118 | 1,779 | 1,799 | 1,797 | 1,825 | |
| Income taxes payable | 140 | 156 | 116 | 161 | 137 | |
| Current portion of long-term debt | 1,840 | 1,145 | 718 | 152 | 91 | |
| Other current liabilities | 489 | 193 | 294 | 152 | 207 | |
| Total current liabilities | 8,338 | 6,957 | 6,491 | 5,578 | 5,241 | |
| Long-term debt, less current portion | 13,884 | 12,838 | 12,955 | 12,595 | 12,034 | |
| Deferred income taxes | 179 | 196 | 202 | 464 | 410 | |
| Operating lease liabilities | 225 | 173 | 223 | 264 | 313 | |
| Other liabilities | 688 | 668 | 698 | 671 | 649 | |
| Total liabilities | 23,314 | 20,832 | 20,569 | 19,572 | 18,647 | |
| Commitments and contingencies (Note 1 and 12) | — | — | — | — | — | |
| Common stock and additional paid-in capital, 400.0 shares authorized as of December 31, 2025 and 2024, $0.01 par value, 259.1 shares issued and 169.6 shares outstanding as of December 31, 2025; 258.2 shares issued and 176.1 shares outstanding as of December 31, 2024 | 11,378 | 11,143 | 11,028 | 10,898 | 10,777 | |
| Retained earnings | 7,425 | 6,065 | 4,692 | 3,334 | 2,243 | |
| Treasury stock, at cost, 89.5 and 82.1 shares as of December 31, 2025 and 2024, respectively | −11,357 | −10,103 | −8,741 | −7,740 | −6,572 | |
| Accumulated other comprehensive loss | −943 | −1,038 | −867 | −727 | −406 | |
| Equity attributable to IQVIA Holdings Inc.s stockholders | 6,503 | 6,067 | — | — | 6,042 | |
| Noncontrolling interests | 127 | 0 | — | — | 0 | |
| Total stockholders equity | 6,630 | 6,067 | 6,112 | 5,765 | 6,042 | |
| Total liabilities and stockholders equity | 29,944 | 26,899 | 26,681 | 25,337 | 24,689 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Amortization of debt issuance costs and discount | 23 | 21 | 18 | 15 | 17 | |
| Stock-based compensation | 247 | 206 | 217 | 194 | 170 | |
| Earnings from unconsolidated affiliates | −22 | −5 | 0 | 12 | −6 | |
| Gain on investments, net | −44 | −22 | −20 | 27 | −16 | |
| Benefit from deferred income taxes | −180 | −129 | −269 | −115 | −138 | |
| Accounts receivable and unbilled services | 60 | 182 | −388 | −421 | −138 | |
| Prepaid expenses and other assets | 218 | 7 | 34 | 7 | −15 | |
| Accounts payable and accrued expenses | −96 | 115 | 267 | 427 | 244 | |
| Unearned income | 242 | 9 | −29 | 31 | 591 | |
| Income taxes payable and other liabilities | −299 | −155 | −164 | −128 | −2 | |
| Net cash provided by operating activities | 2,654 | 2,716 | 2,149 | 2,260 | 2,942 | |
| Acquisition of property, equipment and software | −603 | −602 | −649 | −674 | −640 | |
| Acquisition of businesses, net of cash acquired | −1,714 | −735 | −876 | −1,315 | −1,458 | |
| Sales (purchases) of marketable securities, net | 2 | 0 | −6 | −5 | −10 | |
| Investments in unconsolidated affiliates, net of payments received | −44 | −132 | −39 | −20 | −5 | |
| Investments in debt and equity securities | −20 | −2 | −38 | 0 | 5 | |
| Proceeds from Sale of Property, Plant, and Equipment | 75 | 25 | 0 | 0 | — | |
| Other | −1 | 2 | 5 | 8 | 5 | |
| Net cash used in investing activities | −2,305 | −1,444 | −1,603 | −2,006 | −2,103 | |
| Proceeds from issuance of debt | 6,465 | 0 | 4,000 | 1,250 | 1,951 | |
| Payment of debt issuance costs | −42 | −1 | −50 | −5 | −40 | |
| Repayment of debt and principal payments on finance leases | −5,193 | −172 | −2,873 | −634 | −2,091 | |
| Proceeds from revolving credit facility | 3,375 | 1,685 | 2,384 | 2,350 | 810 | |
| Repayment of revolving credit facility | −3,400 | −960 | −2,709 | −2,025 | −600 | |
| Payments related to employee stock incentive plans, net | −67 | −64 | −61 | −71 | −59 | |
| Repurchase of common stock | −1,244 | −1,350 | −992 | −1,168 | −406 | |
| Contingent consideration and deferred purchase price payments | −33 | −16 | −81 | −26 | −42 | |
| Other | −11 | 0 | 0 | — | — | |
| Net cash used in financing activities | −150 | −878 | −382 | −329 | −1,235 | |
| Effect of foreign currency exchange rate changes on cash | 79 | −68 | −4 | −75 | −52 | |
| Increase in cash and cash equivalents | 278 | 326 | 160 | −150 | −448 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is IQVIA HOLDINGS INC.'s CIK number?
IQVIA HOLDINGS INC.'s SEC CIK number is 0001478242 (1478242). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find IQVIA HOLDINGS INC.'s SEC filings?
All of IQVIA HOLDINGS INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did IQVIA HOLDINGS INC. last report earnings?
IQVIA HOLDINGS INC. (IQV) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-030118). This is IQVIA HOLDINGS INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is IQVIA HOLDINGS INC.'s most recent earnings 8-K?
IQVIA HOLDINGS INC.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001628280-26-030118. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View IQVIA HOLDINGS INC.'s latest earnings 8-K →
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