IQV financial statements

The full income statement, balance sheet, and cash-flow statement for IQVIA Holdings Inc. (IQV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	16.3B YoY+5.9%	15.4B YoY+2.8%	15.0B YoY+4.0%	14.4B YoY+3.9%	13.9B YoY+22.1%
Selling, general & administrative	2.00B YoY+0.4%	1.99B YoY-3.0%	2.05B YoY-0.9%	2.07B YoY+5.4%	1.96B YoY+9.8%
Restructuring	105M YoY+56.7%	67.0M YoY-20.2%	84.0M YoY+200.0%	28.0M YoY+40.0%	20.0M YoY-61.5%
Amortization of intangibles	984M YoY+2.0%	965M YoY-0.9%	974M YoY+0.4%	970M YoY-13.2%	1.12B YoY-3.1%
Operating income	2.18B YoY-0.9%	2.20B YoY+11.4%	1.98B YoY+9.9%	1.80B YoY+29.1%	1.39B YoY+90.6%
Interest expense	729M YoY+8.8%	670M YoY-0.3%	672M YoY+61.5%	416M YoY+10.9%	375M YoY-9.9%
Interest & investment income	45.0M YoY-4.3%	47.0M YoY+30.6%	36.0M YoY+176.9%	13.0M YoY+116.7%	6.00M YoY+0.0%
Other non-operating income	99.0M YoY+10.0%	90.0M YoY-27.4%	124M YoY+475.8%	-33.0M YoY-125.4%	130M YoY+100.0%
Equity-method income	22.0M YoY+340.0%	5.00M	0.00 YoY+100.0%	-12.0M YoY-300.0%	6.00M YoY-14.3%
Pre-tax income	1.59B YoY-4.7%	1.67B YoY+14.4%	1.46B YoY+7.0%	1.36B YoY+20.8%	1.13B YoY+202.4%
Income tax	252M YoY-16.3%	301M YoY+198.0%	101M YoY-61.2%	260M YoY+59.5%	163M YoY+126.4%
	1.36B YoY-0.9%	1.37B YoY+1.1%	1.36B YoY+24.5%	1.09B YoY+12.9%	966M YoY+246.2%
Net income to non-controlling interest	1.00M	0.00	0.00	0.00 YoY-100.0%	5.00M YoY-82.8%
	$7.84 YoY+4.7%	$7.49 YoY+2.7%	$7.29 YoY+27.4%	$5.72 YoY+15.6%	$4.95 YoY+246.2%
EPS (basic)	$7.91 YoY+4.5%	$7.57 YoY+2.4%	$7.39 YoY+27.0%	$5.82 YoY+15.2%	$5.05 YoY+245.9%
	172M YoY-5.2%	181M YoY-1.4%	184M YoY-2.0%	188M YoY-2.0%	191M YoY+0.1%
	174M YoY-5.4%	183M YoY-1.6%	186M YoY-2.3%	191M YoY-2.3%	195M YoY+0.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	6.25B YoY+7.2%	5.83B YoY+4.2%	5.60B YoY+12.3%	4.98B YoY+4.6%	4.76B YoY-6.4%
Cash & equivalents	1.98B YoY+16.3%	1.70B YoY+23.7%	1.38B YoY+13.2%	1.22B YoY-11.0%	1.37B YoY-24.7%
Short-term investments	161M YoY+14.2%	141M YoY+17.5%	120M YoY+29.0%	93.0M YoY-16.2%	111M YoY+26.1%
Accounts receivable	3.40B YoY+6.1%	3.20B YoY-5.2%	3.38B YoY+15.9%	2.92B YoY+14.3%	2.55B YoY+5.9%
Prepaid expenses	162M YoY+5.2%	154M YoY+9.2%	141M YoY-6.6%	151M YoY-3.2%	156M YoY-1.9%
	29.9B YoY+11.3%	26.9B YoY+0.8%	26.7B YoY+5.3%	25.3B YoY+2.6%	24.7B YoY+0.5%
Property, plant & equipment	533M YoY-0.4%	535M YoY+2.3%	523M YoY-1.7%	532M YoY+7.0%	497M YoY+3.1%
Operating lease right-of-use	290M YoY+21.8%	238M YoY-19.6%	296M YoY-10.6%	331M YoY-18.5%	406M YoY-13.8%
Goodwill	16.6B YoY+13.0%	14.7B YoY+1.0%	14.6B YoY+4.6%	13.9B YoY+4.7%	13.3B YoY+5.1%
Intangible assets	4.96B YoY+10.3%	4.50B YoY-7.0%	4.84B YoY+0.4%	4.82B YoY-2.5%	4.94B YoY-5.0%
Deferred tax assets	357M YoY+84.0%	194M YoY+16.9%	166M YoY+40.7%	118M YoY-4.8%	124M YoY+8.8%
	8.34B YoY+19.9%	6.96B YoY+7.2%	6.49B YoY+16.4%	5.58B YoY+6.4%	5.24B YoY+15.0%
Accrued liabilities	2.97B YoY+0.8%	2.95B YoY+3.3%	2.85B YoY+6.9%	2.67B YoY+13.2%	2.36B YoY+5.7%
Deferred revenue	2.12B YoY+19.1%	1.78B YoY-1.1%	1.80B YoY+0.1%	1.80B YoY-1.5%	1.82B YoY+45.8%
Short-term & current debt	1.84B YoY+60.7%	1.15B YoY+59.5%	718M YoY+372.4%	152M YoY+67.0%	91.0M YoY-38.9%
Current lease liability	93.0M YoY-6.1%	99.0M YoY-7.5%	107M YoY-3.6%	111M YoY-20.7%	140M YoY-10.3%
Other current liabilities	489M YoY+153.4%	193M YoY-34.4%	294M YoY+93.4%	152M YoY-26.6%	207M YoY-14.5%
	23.3B YoY+11.9%	20.8B YoY+1.3%	20.6B YoY+5.1%	19.6B YoY+5.0%	18.6B YoY+2.0%
Long-term debt	13.9B YoY+8.1%	12.8B YoY-0.9%	13.0B YoY+2.9%	12.6B YoY+4.7%	12.0B YoY-2.8%
Non-current lease liability	225M YoY+30.1%	173M YoY-22.4%	223M YoY-15.5%	264M YoY-15.7%	313M YoY-15.6%
Deferred tax liabilities	179M YoY-8.7%	196M YoY-3.0%	202M YoY-56.5%	464M YoY+13.2%	410M YoY+21.3%
Other non-current liabilities	688M YoY+3.0%	668M YoY-4.3%	698M YoY+4.0%	671M YoY+3.4%	649M YoY+2.5%
	6.50B YoY+7.2%	6.07B YoY-0.7%	6.11B YoY+6.0%	5.76B YoY-4.6%	6.04B YoY+0.7%
Retained earnings	7.42B YoY+22.4%	6.07B YoY+29.3%	4.69B YoY+40.7%	3.33B YoY+48.6%	2.24B YoY+75.6%
Treasury stock	11.4B YoY+12.4%	10.1B YoY+15.6%	8.74B YoY+12.9%	7.74B YoY+17.8%	6.57B YoY+6.6%
Accumulated other comprehensive income	-943M YoY+9.2%	-1.04B YoY-19.7%	-867M YoY-19.3%	-727M YoY-79.1%	-406M YoY-98.0%
Non-controlling interest	127M	0.00	—	—	0.00 YoY-100.0%
Total equity incl. non-controlling	6.63B YoY+9.3%	6.07B YoY-0.7%	6.11B YoY+6.0%	5.76B YoY-4.6%	6.04B YoY-3.8%
Total liabilities & equity	29.9B YoY+11.3%	26.9B YoY+0.8%	26.7B YoY+5.3%	25.3B YoY+2.6%	24.7B YoY+0.5%
	259M YoY+0.3%	258M YoY+0.4%	257M YoY+0.3%	256M YoY+0.2%	256M YoY+0.4%
	170M YoY-3.7%	176M YoY-3.0%	182M YoY-2.3%	186M YoY-2.6%	191M YoY-0.3%
	170M YoY-3.6%	176M YoY-3.0%	182M YoY-2.3%	186M YoY-2.5%	190M YoY-0.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.65B YoY-2.3%	2.72B YoY+26.4%	2.15B YoY-4.9%	2.26B YoY-23.2%	2.94B YoY+50.2%
Depreciation & amortization	1.14B YoY+2.7%	1.11B YoY-1.0%	1.13B YoY-0.4%	1.13B YoY-10.6%	1.26B YoY-1.8%
Share-based compensation	247M YoY+19.9%	206M YoY-5.1%	217M YoY+11.9%	194M YoY+14.1%	170M YoY+78.9%
Deferred income taxes	-180M YoY-39.5%	-129M YoY+52.0%	-269M YoY-133.9%	-115M YoY+16.7%	-138M YoY+21.6%
	-2.31B YoY-59.6%	-1.44B YoY+9.9%	-1.60B YoY+20.1%	-2.01B YoY+4.6%	-2.10B YoY-164.2%
Capital expenditure	603M YoY+0.2%	602M YoY-7.2%	649M YoY-3.7%	674M YoY+5.3%	640M YoY+3.9%
Free cash flow	2.05B YoY-3.0%	2.11B YoY+40.9%	1.50B YoY-5.4%	1.59B YoY-31.1%	2.30B YoY+71.4%
Acquisitions	1.71B YoY+133.2%	735M YoY-16.1%	876M YoY-33.4%	1.31B YoY-9.8%	1.46B YoY+723.7%
Proceeds from sale of PP&E	75.0M YoY+200.0%	25.0M	0.00	0.00	—
Other investing activities	1.00M YoY+150.0%	-2.00M YoY+60.0%	-5.00M YoY+37.5%	-8.00M YoY-60.0%	-5.00M YoY-350.0%
	-150M YoY+82.9%	-878M YoY-129.8%	-382M YoY-16.1%	-329M YoY+73.4%	-1.24B YoY-469.1%
Long-term debt issued	6.46B	0.00 YoY-100.0%	4.00B YoY+220.0%	1.25B YoY-35.9%	1.95B YoY+22.6%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	1.24B YoY-7.9%	1.35B YoY+36.1%	992M YoY-15.1%	1.17B YoY+187.7%	406M YoY-9.2%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	-11.0M	0.00	0.00	—	—
FX effect on cash	79.0M YoY+216.2%	-68.0M YoY-1600.0%	-4.00M YoY+94.7%	-75.0M YoY-44.2%	-52.0M YoY-267.7%
Net change in cash	278M YoY-14.7%	326M YoY+103.8%	160M YoY+206.7%	-150M YoY+66.5%	-448M YoY-145.9%
Interest paid	647M YoY+9.8%	589M YoY+5.9%	556M YoY+46.7%	379M YoY+10.5%	343M YoY-14.0%
Income taxes paid	—	295M YoY-13.2%	340M YoY+33.3%	255M YoY+14.9%	222M YoY+6.2%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	38.3B YoY+10.5%	34.6B YoY-18.0%	42.2B YoY+11.0%	38.1B YoY-29.2%	53.7B YoY+56.8%
P/E	28.1× YoY+11.6%	25.2× YoY-33.4%	37.8× YoY+17.5%	32.2× YoY-42.1%	55.6× YoY-54.7%
P/S	2.3× YoY+4.4%	2.2× YoY-21.0%	2.8× YoY+6.9%	2.7× YoY-31.3%	3.9× YoY+28.4%
P/B	5.9× YoY+3.1%	5.7× YoY-21.6%	7.3× YoY+2.2%	7.1× YoY-20.0%	8.9× YoY+55.8%
P/FCF	18.7× YoY+13.9%	16.4× YoY-48.8%	32.0× YoY+43.2%	22.3× YoY-4.4%	23.3× YoY-8.5%
	3.6% YoY-10.4%	4.0% YoY+50.1%	2.6% YoY-14.9%	3.1% YoY+72.8%	1.8% YoY+120.8%
	5.4% YoY-12.2%	6.1% YoY+95.3%	3.1% YoY-30.2%	4.5% YoY+4.6%	4.3% YoY+9.3%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: IQV's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all IQV filings on SEC EDGAR → Not investment advice.