Source: IQVIA's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$6.82B
$9.70B
$10.41B
$11.09B
$11.36B
$13.87B
$14.41B
$14.98B
$15.40B
$16.31B
Cost of revenue
—
$6.30B
$6.75B
$7.30B
$7.50B
$9.23B
$9.38B
$9.74B
$10.03B
$10.88B
Gross profit
—
$3.40B
$3.67B
$3.79B
$3.86B
$4.64B
$5.03B
$5.24B
$5.38B
$5.43B
Selling, general & admin
$1.02B
$1.62B
$1.72B
$1.73B
$1.79B
$1.96B
$2.07B
$2.05B
$1.99B
$2.00B
Operating income
$576.00M
$665.00M
$741.00M
$777.00M
$731.00M
$1.39B
$1.80B
$1.98B
$2.20B
$2.18B
Interest expense
$144.00M
$346.00M
$414.00M
$447.00M
$416.00M
$375.00M
$416.00M
$672.00M
$670.00M
$729.00M
Pre-tax income
$416.00M
$294.00M
$328.00M
$352.00M
$373.00M
$1.13B
$1.36B
$1.46B
$1.67B
$1.59B
Income tax
$325.00M
-$992.00M
$59.00M
$116.00M
$72.00M
$163.00M
$260.00M
$101.00M
$301.00M
$252.00M
Net income
$72.00M
$1.28B
$259.00M
$191.00M
$279.00M
$966.00M
$1.09B
$1.36B
$1.37B
$1.36B
EBITDA
$865.00M
$1.68B
$1.88B
$1.98B
$2.02B
$2.66B
$2.93B
$3.10B
$3.32B
$3.33B
EPS (basic)
$0.48
$5.86
$1.27
$0.98
$1.46
$5.05
$5.82
$7.39
$7.57
$7.91
EPS (diluted)
$0.47
$5.74
$1.24
$0.96
$1.43
$4.95
$5.72
$7.29
$7.49
$7.84
Diluted shares
152.00M
222.60M
208.20M
199.60M
195.00M
195.00M
190.60M
186.30M
183.40M
173.50M
Gross margin
—
35.1%
35.2%
34.2%
34.0%
33.5%
34.9%
35.0%
34.9%
33.3%
Operating margin
8.5%
6.9%
7.1%
7.0%
6.4%
10.0%
12.5%
13.2%
14.3%
13.4%
Net margin
1.1%
13.2%
2.5%
1.7%
2.5%
7.0%
7.6%
9.1%
8.9%
8.3%
Balance sheet
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$1.20B
$959.00M
$891.00M
$837.00M
$1.81B
$1.37B
$1.22B
$1.38B
$1.70B
$1.98B
Short-term investments
$40.00M
$46.00M
$47.00M
$62.00M
$88.00M
$111.00M
$93.00M
$120.00M
$141.00M
$161.00M
Receivables
$1.71B
$2.10B
$2.39B
$2.58B
$2.41B
$2.55B
$2.92B
$3.38B
$3.20B
$3.40B
Total current assets
$3.34B
$3.55B
$3.87B
$4.13B
$5.09B
$4.76B
$4.98B
$5.60B
$5.83B
$6.25B
Goodwill
$10.73B
$11.85B
$11.80B
$12.16B
$12.65B
$13.30B
$13.92B
$14.57B
$14.71B
$16.62B
Total assets
$21.21B
$22.86B
$22.55B
$23.25B
$24.56B
$24.69B
$25.34B
$26.68B
$26.90B
$29.94B
Total current liabilities
$2.71B
$3.16B
$3.53B
$3.94B
$4.56B
$5.24B
$5.58B
$6.49B
$6.96B
$8.34B
Short-term debt
$92.00M
$103.00M
$100.00M
$100.00M
$149.00M
$91.00M
$152.00M
$718.00M
$1.15B
$1.84B
Long-term debt
$7.11B
$10.12B
$10.91B
$11.54B
$12.38B
$12.03B
$12.60B
$12.96B
$12.84B
$13.88B
Total debt
$7.20B
$10.22B
$11.01B
$11.64B
$12.53B
$12.12B
$12.75B
$13.67B
$13.98B
$15.72B
Total liabilities
$12.35B
$14.61B
$15.60B
$16.99B
$18.28B
$18.65B
$19.57B
$20.57B
$20.83B
$23.31B
Shareholders' equity
$8.63B
$8.00B
$6.71B
$6.00B
$6.00B
$6.04B
$5.76B
$6.11B
$6.07B
$6.50B
Cash flow
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$860.00M
$970.00M
$1.25B
$1.42B
$1.96B
$2.94B
$2.26B
$2.15B
$2.72B
$2.65B
Capital expenditures
$164.00M
$369.00M
$459.00M
$582.00M
$616.00M
$640.00M
$674.00M
$649.00M
$602.00M
$603.00M
Free cash flow
$696.00M
$601.00M
$795.00M
$835.00M
$1.34B
$2.30B
$1.59B
$1.50B
$2.11B
$2.05B
Investing cash flow
$1.73B
-$1.19B
-$810.00M
-$1.19B
-$796.00M
-$2.10B
-$2.01B
-$1.60B
-$1.44B
-$2.31B
Financing cash flow
-$2.28B
-$72.00M
-$452.00M
-$276.00M
-$217.00M
-$1.24B
-$329.00M
-$382.00M
-$878.00M
-$150.00M
Share buybacks
$1.10B
$2.62B
$1.41B
$949.00M
$447.00M
$406.00M
$1.17B
$992.00M
$1.35B
$1.24B
Stock-based compensation
$106.00M
$106.00M
$113.00M
$146.00M
$95.00M
$170.00M
$194.00M
$217.00M
$206.00M
$247.00M
Depreciation & amortization
$289.00M
$1.01B
$1.14B
$1.20B
$1.29B
$1.26B
$1.13B
$1.12B
$1.11B
$1.14B
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$3.87B
$3.74B
$3.81B
$3.90B
$3.96B
$3.83B
$4.02B
$4.10B
$4.36B
$4.15B
$4.37B
$4.43B
Cost of revenue
$2.48B
$2.44B
$2.49B
$2.52B
$2.58B
$2.53B
$2.69B
$2.73B
$2.93B
$2.80B
$2.93B
$2.93B
Gross profit
$1.39B
$827.00M
$863.00M
$915.00M
$1.38B
$1.30B
$1.32B
$1.37B
$1.44B
$1.35B
$1.44B
$1.50B
Selling, general & admin
$556.00M
$508.00M
$509.00M
$522.00M
$453.00M
$508.00M
$509.00M
$514.00M
$468.00M
$502.00M
$574.00M
$569.00M
Operating income
$501.00M
$506.00M
$520.00M
$550.00M
$626.00M
$496.00M
$506.00M
$553.00M
$627.00M
$514.00M
$506.00M
$572.00M
Interest expense
$181.00M
$166.00M
$163.00M
$170.00M
$171.00M
$165.00M
$182.00M
$189.00M
$193.00M
$192.00M
$197.00M
$203.00M
Pre-tax income
$373.00M
$340.00M
$436.00M
$349.00M
$544.00M
$323.00M
$323.00M
$408.00M
$537.00M
$328.00M
$301.00M
$386.00M
Income tax
-$102.00M
$49.00M
$75.00M
$65.00M
$112.00M
$61.00M
$56.00M
$76.00M
$59.00M
$59.00M
$60.00M
$76.00M
Net income
$469.00M
$288.00M
$363.00M
$285.00M
$437.00M
$249.00M
$266.00M
$331.00M
$514.00M
$274.00M
$256.00M
$350.00M
EBITDA
$817.00M
$770.00M
$789.00M
$828.00M
$929.00M
$761.00M
$782.00M
$839.00M
$944.00M
$802.00M
$798.00M
$893.00M
EPS (basic)
$2.57
$1.58
$1.99
$1.57
$2.43
$1.42
$1.55
$1.94
$3.01
$1.63
$1.54
$2.13
EPS (diluted)
$2.53
$1.56
$1.97
$1.55
$2.41
$1.40
$1.54
$1.93
$2.98
$1.61
$1.53
$2.10
Diluted shares
-600.00K
184.30M
184.30M
184.20M
-900.00K
177.40M
173.20M
171.70M
-600.00K
169.80M
167.30M
167.00M
Gross margin
35.9%
22.1%
22.6%
23.5%
34.8%
33.9%
32.9%
33.5%
32.9%
32.6%
32.9%
33.8%
Operating margin
13.0%
13.5%
13.6%
14.1%
15.8%
13.0%
12.6%
13.5%
14.4%
12.4%
11.6%
12.9%
Net margin
12.1%
7.7%
9.5%
7.3%
11.0%
6.5%
6.6%
8.1%
11.8%
6.6%
5.9%
7.9%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$1.38B
$1.44B
$1.54B
$1.57B
$1.70B
$1.74B
$2.04B
$1.81B
$1.98B
$1.95B
$1.91B
$2.25B
Short-term investments
$120.00M
$131.00M
$133.00M
$140.00M
$141.00M
$136.00M
$149.00M
$158.00M
$161.00M
$156.00M
$171.00M
$173.00M
Receivables
$3.38B
$3.43B
$3.25B
$3.20B
$3.20B
$3.27B
$3.34B
$3.27B
$3.40B
$3.35B
$3.35B
$3.29B
Total current assets
$5.60B
$5.65B
$5.62B
$5.63B
$5.83B
$5.91B
$6.34B
$5.98B
$6.25B
$6.22B
$6.23B
$6.45B
Goodwill
$14.57B
$14.52B
$14.48B
$15.09B
$14.71B
$15.03B
$15.61B
$15.95B
$16.62B
$16.54B
$16.60B
$16.90B
Total assets
$26.68B
$26.57B
$26.40B
$27.18B
$26.90B
$27.32B
$28.63B
$28.73B
$29.94B
$29.68B
$29.88B
$30.47B
Total current liabilities
$6.49B
$6.45B
$6.62B
$6.99B
$6.96B
$7.18B
$7.57B
$8.51B
$8.34B
$8.33B
$8.81B
$7.78B
Short-term debt
$718.00M
$717.00M
$1.17B
$1.22B
$1.15B
$1.22B
$1.31B
$2.16B
$1.84B
$1.84B
$2.29B
$1.24B
Long-term debt
$12.96B
$12.82B
$12.09B
$12.29B
$12.84B
$13.11B
$14.18B
$12.79B
$13.88B
$13.99B
$13.71B
$14.82B
Total debt
$13.67B
$13.54B
$13.26B
$13.51B
$13.98B
$14.33B
$15.49B
$14.96B
$15.72B
$15.83B
$16.00B
$16.07B
Total liabilities
$20.57B
$20.23B
$19.68B
$20.21B
$20.83B
$21.34B
$22.85B
$22.44B
$23.31B
$23.33B
$23.58B
$23.68B
Shareholders' equity
$6.11B
$6.34B
$6.71B
$6.97B
$6.07B
$5.98B
$5.78B
$6.16B
$6.50B
$6.22B
$6.17B
$6.66B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$747.00M
$522.00M
$588.00M
$721.00M
$885.00M
$568.00M
$443.00M
$908.00M
$735.00M
$618.00M
$558.00M
$825.00M
Capital expenditures
$179.00M
$145.00M
$143.00M
$150.00M
$164.00M
$142.00M
$151.00M
$136.00M
$174.00M
$127.00M
$198.00M
$158.00M
Free cash flow
$568.00M
$377.00M
$445.00M
$571.00M
$721.00M
$426.00M
$292.00M
$772.00M
$561.00M
$491.00M
$360.00M
$667.00M
Investing cash flow
-$212.00M
-$314.00M
-$221.00M
-$599.00M
-$310.00M
-$305.00M
-$346.00M
-$550.00M
-$1.10B
-$196.00M
-$381.00M
-$559.00M
Financing cash flow
-$420.00M
-$106.00M
-$260.00M
-$137.00M
-$375.00M
-$258.00M
$145.00M
-$572.00M
$535.00M
-$433.00M
-$214.00M
$78.00M
Share buybacks
$229.00M
$0
$0
$200.00M
$1.15B
$375.00M
$657.00M
$0
$212.00M
$552.00M
$398.00M
$0
Stock-based compensation
$45.00M
$56.00M
$48.00M
$54.00M
$48.00M
$72.00M
$60.00M
$55.00M
$60.00M
$65.00M
$95.00M
$83.00M
Depreciation & amortization
$316.00M
$264.00M
$269.00M
$278.00M
$303.00M
$265.00M
$276.00M
$286.00M
$317.00M
$288.00M
$292.00M
$321.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.