IQVIA Holdings Inc. logo IQV - IQVIA Holdings Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 35
HOLD 7
SELL 1
STRONG
SELL 0
| PRICE TARGET: $219.44 DETAILS
HIGH: $250.00
LOW: $185.00
MEDIAN: $215.00
CONSENSUS: $219.44
UPSIDE: 30.80%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue
Revenue 16,310 15,405 14,984 14,410 13,874 11,359 11,088 10,412 9,702 6,815 5,737 5,460 5,099.5 4,865.5 4,327.7 3,924.0
Cost of Revenue 12,024 10,030 9,745 9,382 9,233 7,500 7,300 6,746 6,301 4,748 4,116 3,959 3,762.6 3,632.6 3,185.8 2,804.8
Gross Profit 4,286 5,375 5,239 5,028 4,641 3,859 3,788 3,666 3,401 2,067 1,621 1,501 1,336.9 1,232.9 1,142.0 1,119.2
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 3.3 0 5.0 10.4 0 0
SG&A Expenses 1,999 1,992 2,053 2,071 1,964 1,789 1,734 1,716 1,605 1,011 921.0 882.3 830.2 817.8 762.3 698.4
Other Expenses 0 1,181 1,209 1,158 1,284 1,339 1,277 1,209 1,114 475 160 130 14.1 18.7 34.4 25.8
Operating Expenses 1,999 3,173 3,262 3,229 3,248 3,128 3,011 2,925 2,736 1,491 975 911 874.6 836.5 796.7 724.2
Operating Income
Operating Income 2,287 2,202 1,977 1,799 1,393 731 777 741 719 642 646.6 590.4 462.3 396.4 345.3 395.0
Interest Expense 729 670 672 416 375 416 447 414 346 144 101.8 100.6 123.5 134.4 109.1 141.4
Interest Income 45 47 36 13 6 6 9 8 7 4 4.3 3.4 3.9 3.1 3.9 3.8
Profitability
EBITDA 3,464 3,453 3,256 2,909 2,767 2,076 2,001 1,883 1,651 849 768 723 554.1 500.1 385.7 467.4
EBIT 2,320 2,339 2,131 1,779 1,503 789 799 742 640 560 640 602 446.6 401.8 293.7 383.2
Income Before Tax 1,613 1,669 1,459 1,351 1,134 380 343 343 304 412 547 506 323.1 270.0 255.4 241.7
Income Tax Expense 252 296 101 260 163 72 116 59 (987) 345 159.0 150.1 96.0 93.4 15.1 77.6
Net Income 1,360 1,373 1,358 1,091 966 279 191 259 1,309 115 387.2 356.4 226.6 177.5 241.8 160.6
Per Share Data
EPS (Basic) 7.91 7.57 7.39 5.82 5.05 1.46 0.98 1.27 6.01 0.77 3.15 2.78 1.83 1.42 1.93 1.28
EPS (Diluted) 7.84 7.49 7.29 5.72 4.95 1.43 0.96 1.24 5.88 0.76 3.08 2.72 1.77 1.39 1.90 1.26
Shares Outstanding 171.9 181.3 183.8 187.6 191.4 191.3 195.1 203.7 217.8 149.1 123.0 128.0 124.1 125.5 125.5 125.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Current Assets
Cash & Cash Equivalents 1,980 1,702 1,376 1,216 1,366 1,814 837 891 959 1,198 977.2 867.4 778.1 567.7 516.3
Short-Term Investments 161 141 120 93 111 88 62 47 46 40 0 0 0 0 0
Net Receivables 3,427 3,240 3,413 2,960 2,609 2,466 2,638 2,463 2,144 1,741 1,199.8 1,020.6 940.4 837.1 716.5
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 519 592 546 561 521 563 451 322 259 235 181.9 213.5 184.4 145.9 46.7
Total Current Assets 6,249 5,829 5,596 4,981 4,763 5,090 4,126 3,874 3,554 3,337 2,412.0 2,146.1 1,945.7 1,510.0 1,365.5
Non-Current Assets
Property, Plant & Equipment 823 773 819 863 903 953 954 434 440 406 188.4 190.3 199.6 194.0 185.8
Goodwill 16,616 14,710 14,567 13,921 13,301 12,654 12,159 11,800 11,850 10,727 719.7 464.4 409.6 302.4 278.0
Intangible Assets 4,962 4,499 4,839 4,820 4,943 5,205 5,514 5,951 6,591 6,390 368.1 280.2 298.1 272.8 269.4
Long-Term Investments 432 374 239 162 164 162 152 142 78 82 85.3 66.0 63.3 55.1 33.9
Other Non-Current Assets 505 520 455 472 491 386 227 239 235 177 110.1 122.8 117.7 127.5 112.1
Total Non-Current Assets 23,695 21,070 21,085 20,356 19,926 19,474 19,125 18,675 19,292 17,871 1,514.3 1,159.7 1,121.1 989.2 957.4
Total Assets 29,944 26,899 26,681 25,337 24,689 24,564 23,251 22,549 22,742 21,208 3,926.3 3,305.8 3,066.8 2,499.2 2,322.9
Current Liabilities
Account Payables 3,751 736 709 645 621 581 2,512 437 322 250 145.5 108.7 100.6 84.7 70.0
Short-Term Debt 1,840 1,145 718 152 91 149 100 100 103 92 48.5 0.8 10.4 55.7 20.1
Deferred Revenue 2,118 1,779 1,799 1,797 1,825 1,252 1,014 1,007 733 774 584.6 543.3 538.6 456.6 398.5
Other Current Liabilities 489 1,098 1,262 1,132 1,153 1,094 211 (1,166) 666 630 420 432.9 472.8 404.9 362.7
Total Current Liabilities 8,338 6,957 6,491 5,578 5,241 4,558 3,945 3,534 2,904 2,705 1,594.2 1,471.9 1,482.2 1,318.0 1,192.1
Non-Current Liabilities
Long-Term Debt 14,109 12,838 12,955 12,595 12,034 12,384 11,545 10,907 10,122 7,108 2,419.3 2,282.6 2,035.6 2,366.3 1,951.7
Deferred Tax Liabilities 179 196 202 464 410 338 646 736 918 2,133 65.7 61.8 37.5 11.6 9.9
Other Non-Current Liabilities 463 668 698 671 649 633 456 418 440 402 183 183.7 178.9 171.3 138.8
Total Non-Current Liabilities 14,976 13,875 14,078 13,994 13,406 13,726 13,043 12,061 11,480 9,643 2,667.8 2,537.9 2,252.0 2,540.2 2,100.4
Total Liabilities 23,314 20,832 20,569 19,572 18,647 18,284 16,988 15,595 14,384 12,348 4,262.0 4,009.8 3,734.3 3,858.2 3,292.5
Stockholders' Equity
Common Stock 11,378 3 3 10,898 3 3 11,049 10,901 10,782 10,602 8.8 143.8 478.1 4.6 1.2
Retained Earnings 7,425 6,065 4,692 3,334 2,243 1,277 998 807 655 (399) (461.6) (788.8) (1,145.2) (1,371.8) (994.4)
Accumulated Other Comprehensive Income (943) (1,038) (867) (727) (406) (205) (311) (224) 46 (570) (111.4) (59.1) (0.4) 7.7 22.9
Total Stockholders' Equity 6,503 6,067 6,112 5,765 6,042 6,001 6,003 6,714 8,109 8,633 (335.7) (704.0) (667.4) (1,359.5) (970.4)
Total Liabilities & Equity 29,944 26,899 26,681 25,337 24,689 24,564 23,251 22,549 22,742 21,208 3,926.3 3,305.8 3,066.8 2,499.2 2,322.9
Debt Metrics
Total Debt 16,174 14,156 13,896 13,011 12,438 12,904 12,041 11,007 10,225 7,200 2,467.8 2,293.3 2,046.0 2,422.0 1,971.9
Net Debt 14,194 12,454 12,520 11,795 11,072 11,090 11,204 10,116 9,266 6,002 1,490.7 1,426.0 1,267.9 1,854.2 1,455.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Operating Activities
Net Income 1,361 1,373 1,358 1,091 966 308 227 284 1,328 130 388.3 356.5 226.0 176.6 240.3 165.3
Depreciation & Amortization 1,144 1,114 1,125 1,130 1,264 1,287 1,202 1,141 1,011 289 127.7 121.0 107.5 98.3 92.0 84.2
Stock-Based Compensation 247 206 217 194 170 95 146 113 106 80 37.8 30.0 22.8 25.9 14.1 17.3
Change in Working Capital 125 158 (280) (84) 680 459 19 (106) (292) 212 (69.0) (45.9) 59.8 12.5 (82.5) 103.3
Other Non-Cash Items (43) (6) (2) 44 0 (14) (20) (1) 33 14 (27.5) (23.7) 5.5 5.8 (29.7) 17.1
Operating Cash Flow 2,654 2,716 2,149 2,260 2,942 1,959 1,417 1,254 970 860 475.7 431.8 397.4 335.7 161.0 378.2
Investing Activities
Capital Expenditure (603) (602) (649) (674) (640) (616) (582) (459) (369) (164) (78.4) (82.7) (92.3) (71.3) (75.7) (80.2)
Acquisitions (1,758) (710) (876) (1,335) (1,458) (167) (588) (326) (827) 1,870 19.4 (96.7) (150.0) (47.4) (135.8) (101.9)
Purchases of Investments (20) (134) (83) (5) (15) (11) (25) (27) 2 (40) (11.0) 1.6 (0.3) (13.4) (32.7) (7.1)
Sales/Maturities of Investments 2 0 0 0 5 0 (22) 459 2 41 2.5 5.9 2.3 0.1 3.0 21.7
Other Investing Activities 74 2 5 8 5 (2) 27 (457) 2 24 0.6 (1.3) 0.1 (0.2) 16.4 26.0
Investing Cash Flow (2,305) (1,444) (1,603) (2,006) (2,103) (796) (1,190) (810) (1,190) 1,731 (67.0) (173.1) (240.2) (132.2) (224.8) (141.4)
Financing Activities
Net Debt Issuance 1,205 553 802 941 70 342 747 1,015 2,511 (1,313) 188 242 (387.7) 440.1 260.1 (78.4)
Stock Repurchased (1,244) (1,350) (992) (1,168) (406) (447) (949) (1,405) (2,620) (1,097) (515.0) (415) (6.4) (13.4) (14.3) (9.3)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 (567.9) (288.3) (67.5)
Other Financing Activities (44) (81) (192) (102) (899) (112) (74) (62) 37 126 77.8 42.7 465.0 (8.9) (16.8) 2.0
Financing Cash Flow (150) (878) (382) (329) (1,235) (217) (276) (452) (72) (2,284) (249.2) (130.3) 71.0 (146.9) (59.3) (153.1)
Cash Position
Net Change in Cash 278 326 160 (150) (448) 977 (54) (68) (239) 221 109.8 89.2 210.4 51.4 (130.3) 80.8
Cash at Beginning 1,702 1,376 1,216 1,366 1,814 837 891 959 1,198 977 867.4 778.1 567.7 516.3 646.6 565.8
Cash at End 1,980 1,702 1,376 1,216 1,366 1,814 837 891 959 1,198 977.2 867.4 778.1 567.7 516.3 646.6
Free Cash Flow 2,051 2,114 1,500 1,586 2,302 1,343 835 795 601 696 397.3 349.1 305.0 264.4 85.3 297.9
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Income Statement
Revenue 16,310 15,405 14,984 14,410 13,874 11,359 11,088 10,412 9,702 6,815 5,737 5,460 5,099.5 4,865.5 4,327.7 3,924.0
Gross Profit 4,286 5,375 5,239 5,028 4,641 3,859 3,788 3,666 3,401 2,067 1,621 1,501 1,336.9 1,232.9 1,142.0 1,119.2
Operating Income 2,287 2,202 1,977 1,799 1,393 731 777 741 719 642 646.6 590.4 462.3 396.4 345.3 395.0
Net Income 1,360 1,373 1,358 1,091 966 279 191 259 1,309 115 387.2 356.4 226.6 177.5 241.8 160.6
EPS (Diluted) 7.84 7.49 7.29 5.72 4.95 1.43 0.96 1.24 5.88 0.76 3.08 2.72 1.77 1.39 1.90 1.26
Balance Sheet
Cash & Equivalents 1,980 1,702 1,376 1,216 1,366 1,814 837 891 959 1,198 977.2 867.4 778.1 567.7 516.3
Total Assets 29,944 26,899 26,681 25,337 24,689 24,564 23,251 22,549 22,742 21,208 3,926.3 3,305.8 3,066.8 2,499.2 2,322.9
Total Debt 16,174 14,156 13,896 13,011 12,438 12,904 12,041 11,007 10,225 7,200 2,467.8 2,293.3 2,046.0 2,422.0 1,971.9
Stockholders' Equity 6,503 6,067 6,112 5,765 6,042 6,001 6,003 6,714 8,109 8,633 (335.7) (704.0) (667.4) (1,359.5) (970.4)
Cash Flow
Operating Cash Flow 2,654 2,716 2,149 2,260 2,942 1,959 1,417 1,254 970 860 475.7 431.8 397.4 335.7 161.0 378.2
Capital Expenditure (603) (602) (649) (674) (640) (616) (582) (459) (369) (164) (78.4) (82.7) (92.3) (71.3) (75.7) (80.2)
Free Cash Flow 2,051 2,114 1,500 1,586 2,302 1,343 835 795 601 696 397.3 349.1 305.0 264.4 85.3 297.9