IQVIA Holdings/$IQV

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About IQVIA Holdings

Iqvia is a global leader in clinical research and technology solutions for the life science industry. Formed in 2016 from the merger of Quintiles and IMS Health, it combined clinical trial services with extensive healthcare data and analytics. Its research and development solutions segment provides outsourced clinical development services spanning drug discovery, trial design, patient recruitment, site management, clinical testing, real-world studies, and the regulatory approval process. Its commercial solutions segment helps companies optimize product commercialization through analytics, technology, and outsourced sales and medical services. Together, Iqvia supports customers across the life science industry, and it serves biopharmaceutical firms, providers, payers, and policymakers.
Ticker
$IQV
Sector
Health
Primary listing
NYSE
Employees
94,000

IQVIA Holdings Metrics

BasicAdvanced
$44B
32.99
$8.08
1.19
-

What the Analysts think about IQVIA Holdings

Analyst ratings (Buy, Hold, Sell) for IQVIA Holdings stock.
Analyst projections of the future price of IQVIA Holdings stock.

Bulls say / Bears say

IQVIA beat expectations in the second quarter, with revenue up 8.7% and adjusted earnings per share up 12.1% year on year. It also raised its 2026 revenue, EBITDA and adjusted EPS guidance, signalling stronger near-term execution. (Reuters, IQVIA)
Clinical demand is showing better forward visibility: second-quarter R&D net new bookings rose 19% to $3.15 billion, producing a 1.22 book-to-bill ratio. The $34.2 billion R&D backlog and expected 7.5% growth in next-twelve-month backlog revenue support the case for continued growth into 2027. (IQVIA, IQVIA)
IQVIA is embedding AI into both clinical and commercial services rather than treating it as a standalone product. Management said 294 AI agents were deployed across 90 use cases, with 19 of the top 20 pharmaceutical companies using its AI solutions and four of the top ten co-developing them. (Equibles, IQVIA)
The balance sheet remains heavily geared: net debt was about $14.1 billion and net leverage was 3.59 times adjusted EBITDA at the end of June. That leaves less financial flexibility if clinical-research demand or cash generation weakens. (Equibles, Simply Wall St)
The latest beat did not fully resolve profitability concerns: reported operating margin fell to 11.6% from 12.6% a year earlier, while quarterly free cash flow missed analysts’ estimates. Pass-through costs and lower-margin acquisitions could continue to limit margin expansion. (Yahoo Finance, StockStory)
The $34.2 billion backlog is not entirely risk-free: management is reviewing inactive trials and said a potential adjustment could be around 5%. Although it said this would not affect current guidance, it raises a question over how much of the headline backlog represents economically active work. (Equibles, StockStory)
Data summarised monthly by Lightyear AI. Last updated on 21 Sept 2026.

IQVIA Holdings Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

IQVIA Holdings Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

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