IQVIA HOLDINGS INC. Leases Disclosure
| Year Ended December 31, | ||||||||||||||||||||||||||
(in millions) | Classification | 2025 | 2024 | 2023 | ||||||||||||||||||||||
Operating lease cost (1) | Selling, general and administrative expenses | $ | 160 | $ | 158 | $ | 160 | |||||||||||||||||||
Finance lease cost (1) | Depreciation and amortization, and Interest expense | 18 | 18 | 18 | ||||||||||||||||||||||
Total lease cost | $ | 178 | $ | 176 | $ | 178 | ||||||||||||||||||||
| Year Ended December 31, | ||||||||||||||||||||
| (in millions) | 2025 | 2024 | 2023 | |||||||||||||||||
| Supplemental Cash Flow: | ||||||||||||||||||||
| Cash paid for amounts included in the measurement of lease liabilities: | ||||||||||||||||||||
| Operating cash flows for operating leases | $ | 157 | $ | 160 | $ | 175 | ||||||||||||||
| Operating cash flows for finance leases | $ | 8 | $ | 8 | $ | 8 | ||||||||||||||
| Financing cash flows for finance leases | $ | 5 | $ | 5 | $ | 3 | ||||||||||||||
Right-of-use assets obtained in exchange for lease obligations: | ||||||||||||||||||||
Operating leases | $ | 133 | $ | 58 | $ | 59 | ||||||||||||||
Weighted Average Remaining Lease Term: | ||||||||||||||||||||
Operating leases | 5.35 years | 4.58 years | 4.61 years | |||||||||||||||||
Finance leases | 18.74 years | 19.73 years | 20.67 years | |||||||||||||||||
Weighted Average Discount Rate: | ||||||||||||||||||||
Operating leases | 5.24 | % | 4.57 | % | 3.81 | % | ||||||||||||||
Finance leases | 3.90 | % | 3.90 | % | 3.88 | % | ||||||||||||||
| (in millions) | Operating Leases | Finance Leases | ||||||||||||
| 2026 | $ | 107 | $ | 13 | ||||||||||
| 2027 | 82 | 14 | ||||||||||||
| 2028 | 59 | 14 | ||||||||||||
| 2029 | 38 | 14 | ||||||||||||
| 2030 | 26 | 15 | ||||||||||||
| Thereafter | 51 | 256 | ||||||||||||
| Total future minimum lease payments | 363 | 326 | ||||||||||||
| Less imputed interest | (45) | (108) | ||||||||||||
| Total | $ | 318 | $ | 218 | ||||||||||
| Reported as of December 31, 2025: | ||||||||||||||
| $ | 93 | $ | 6 | |||||||||||
| Operating lease liabilities | 225 | — | ||||||||||||
| — | 212 | |||||||||||||
| Total | $ | 318 | $ | 218 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
| 2023 | Feb 15, 2024 | |
| 2022 | Feb 15, 2023 | |
| 2021 | Feb 16, 2022 | |
| 2020 | Feb 12, 2021 | |
| 2019 | Feb 18, 2020 | |
| 2018 | Feb 19, 2019 | |
| 2017 | Feb 16, 2018 | |
| 2016 | Feb 16, 2017 | |
| 2015 | Feb 11, 2016 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.