IQVIA Holdings Inc. (IQV) financial statements: income statement, balance sheet and cash flow
IQVIA Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), IQVIA Holdings Inc. reported revenue of $16.3B (+5.9% year on year) and net income of $1.4B (-0.9% year on year).
Income statement
IQVIA Holdings Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$16.3B
$15.4B
$15.0B
$14.4B
Cost of revenues, exclusive of depreciation and amortization
$10.9B
$10.0B
$9.7B
$9.4B
Selling, general and administrative expenses
$2.0B
$2.0B
$2.1B
$2.1B
Depreciation and amortization
$1.1B
$1.1B
$1.1B
$1.1B
Restructuring costs
$105.0M
$67.0M
$84.0M
$28.0M
Income from operations
$2.2B
$2.2B
$2.0B
$1.8B
Interest income
($45.0M)
($47.0M)
($36.0M)
($13.0M)
Interest expense
$729.0M
$670.0M
$672.0M
$416.0M
Loss on extinguishment of debt
$6.0M
$0
$6.0M
$0
Other income, net
($99.0M)
($90.0M)
($124.0M)
$33.0M
Income before income taxes and equity in earnings of unconsolidated affiliates
$1.6B
$1.7B
$1.5B
$1.4B
Income tax expense
$252.0M
$301.0M
$101.0M
$260.0M
Income before equity in earnings of unconsolidated affiliates
$1.3B
$1.4B
$1.4B
$1.1B
Equity in earnings of unconsolidated affiliates
$22.0M
$5.0M
$0
($12.0M)
Net income
$1.4B
$1.4B
$1.4B
$1.1B
Net Income (Loss) Attributable to Noncontrolling Interest
($1.0M)
—
$0
$0
Net income
$1.4B
—
$1.4B
$1.1B
Basic (in dollars per share)
$7.91
$7.57
$7.39
$5.82
Diluted (in dollars per share)
$7.84
$7.49
$7.29
$5.72
Basic (in shares)
171.9M
181.3M
183.8M
187.6M
Diluted (in shares)
173.5M
183.4M
186.3M
190.6M
IQVIA Holdings Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$4.4B
$4.2B
$4.1B
$4.0B
Cost of revenues, exclusive of depreciation and amortization
$2.9B
$2.8B
$2.7B
$2.7B
Selling, general and administrative expenses
$574.0M
$502.0M
$514.0M
$509.0M
Depreciation and amortization
$292.0M
$288.0M
$286.0M
$276.0M
Restructuring costs
$63.0M
$51.0M
$20.0M
$32.0M
Income from operations
$506.0M
$514.0M
$553.0M
$506.0M
Interest income
($7.0M)
($10.0M)
($13.0M)
($10.0M)
Interest expense
$197.0M
$192.0M
$189.0M
$182.0M
Loss on extinguishment of debt
$3.0M
$0
$0
$0
Other expense, net
$12.0M
$4.0M
($31.0M)
$11.0M
Income before income taxes and equity in earnings (losses) of unconsolidated affiliates
$301.0M
$328.0M
$408.0M
$323.0M
Income tax expense
$60.0M
$59.0M
$76.0M
$56.0M
Income before equity in earnings (losses) of unconsolidated affiliates
$241.0M
$269.0M
$332.0M
$267.0M
Equity in earnings (losses) of unconsolidated affiliates
$17.0M
$6.0M
$0
($1.0M)
Net income
$258.0M
$275.0M
$332.0M
$266.0M
Net income attributable to noncontrolling interests
($2.0M)
($1.0M)
($1.0M)
—
Net income attributable to IQVIA Holdings Inc.
$256.0M
$274.0M
$331.0M
—
Basic (in dollars per share)
$1.54
$1.63
$1.94
$1.55
Diluted (in dollars per share)
$1.53
$1.61
$1.93
$1.54
Basic (in shares)
166.1M
168.4M
170.2M
171.8M
Diluted (in shares)
167.3M
169.8M
171.7M
173.2M
Balance sheet
IQVIA Holdings Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$2.0B
$1.7B
$1.4B
$1.2B
Trade accounts receivable and unbilled services, net
$3.4B
$3.2B
$3.4B
$2.9B
Prepaid expenses
$162.0M
$154.0M
$141.0M
$151.0M
Income taxes receivable
$27.0M
$36.0M
$32.0M
$43.0M
Investments in debt, equity and other securities
$161.0M
$141.0M
$120.0M
$93.0M
Other current assets and receivables
$519.0M
$592.0M
$546.0M
$561.0M
Total current assets
$6.2B
$5.8B
$5.6B
$5.0B
Property and equipment, net
$533.0M
$535.0M
$523.0M
$532.0M
Operating lease right-of-use assets
$290.0M
$238.0M
$296.0M
$331.0M
Investments in debt, equity and other securities
$108.0M
$108.0M
$105.0M
$68.0M
Investments in unconsolidated affiliates
$324.0M
$266.0M
$134.0M
$94.0M
Goodwill
$16.6B
$14.7B
$14.6B
$13.9B
Other identifiable intangibles, net
$5.0B
$4.5B
$4.8B
$4.8B
Deferred income taxes
$357.0M
$194.0M
$166.0M
$118.0M
Deposits and other assets, net
$505.0M
$520.0M
$455.0M
$472.0M
Total assets
$29.9B
$26.9B
$26.7B
$25.3B
Accounts payable and accrued expenses
$3.8B
$3.7B
$3.6B
$3.3B
Unearned income
$2.1B
$1.8B
$1.8B
$1.8B
Income taxes payable
$140.0M
$156.0M
$116.0M
$161.0M
Current portion of long-term debt
$1.8B
$1.1B
$718.0M
$152.0M
Other current liabilities
$489.0M
$193.0M
$294.0M
$152.0M
Total current liabilities
$8.3B
$7.0B
$6.5B
$5.6B
Long-term debt, less current portion
$13.9B
$12.8B
$13.0B
$12.6B
Deferred income taxes
$179.0M
$196.0M
$202.0M
$464.0M
Operating lease liabilities
$225.0M
$173.0M
$223.0M
$264.0M
Other liabilities
$688.0M
$668.0M
$698.0M
$671.0M
Total liabilities
$23.3B
$20.8B
$20.6B
$19.6B
Common stock and additional paid-in capital, 400.0 shares authorized as of December 31, 2025 and 2024, $0.01 par value, 259.1 shares issued and 169.6 shares outstanding as of December 31, 2025; 258.2 shares issued and 176.1 shares outstanding as of December 31, 2024
11.4B
11.1B
11.0B
10.9B
Retained earnings
$7.4B
$6.1B
$4.7B
$3.3B
Treasury stock, at cost, 89.5 and 82.1 shares as of December 31, 2025 and 2024, respectively
-11.4B
-10.1B
-8.7B
-7.7B
Accumulated other comprehensive loss
($943.0M)
($1.0B)
($867.0M)
($727.0M)
Equity attributable to IQVIA Holdings Inc.’s stockholders
$6.5B
—
—
—
Noncontrolling interests
$127.0M
—
—
—
Total stockholders’ equity
$6.6B
$6.1B
$6.1B
$5.8B
Total liabilities and stockholders’ equity
$29.9B
$26.9B
$26.7B
$25.3B
IQVIA Holdings Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$1.9B
$1.9B
$1.8B
$2.0B
Trade accounts receivable and unbilled services, net
$3.3B
$3.3B
$3.3B
$3.3B
Prepaid expenses
$220.0M
$167.0M
$177.0M
$200.0M
Income taxes receivable
$42.0M
$29.0M
$45.0M
$62.0M
Investments in debt, equity and other securities
$171.0M
$156.0M
$158.0M
$149.0M
Other current assets and receivables
$539.0M
$575.0M
$516.0M
$551.0M
Total current assets
$6.2B
$6.2B
$6.0B
$6.3B
Property and equipment, net
$547.0M
$516.0M
$525.0M
$536.0M
Operating lease right-of-use assets
$304.0M
$293.0M
$299.0M
$280.0M
Investments in debt, equity and other securities
$82.0M
$95.0M
$130.0M
$134.0M
Investments in unconsolidated affiliates
$390.0M
$357.0M
$275.0M
$272.0M
Goodwill
$16.6B
$16.5B
$15.9B
$15.6B
Other identifiable intangibles, net
$4.7B
$4.8B
$4.7B
$4.6B
Deferred income taxes
$421.0M
$358.0M
$390.0M
$345.0M
Deposits and other assets, net
$558.0M
$489.0M
$474.0M
$513.0M
Total assets
$29.9B
$29.7B
$28.7B
$28.6B
Accounts payable and accrued expenses
$3.6B
$3.6B
$3.5B
$3.4B
Unearned income
$2.3B
$2.3B
$2.2B
$2.1B
Income taxes payable
$175.0M
$172.0M
$119.0M
$124.0M
Current portion of long-term debt
$2.3B
$1.8B
$2.2B
$1.3B
Other current liabilities
$457.0M
$413.0M
$515.0M
$613.0M
Total current liabilities
$8.8B
$8.3B
$8.5B
$7.6B
Long-term debt, less current portion
$13.7B
$14.0B
$12.8B
$14.2B
Deferred income taxes
$173.0M
$159.0M
$207.0M
$216.0M
Operating lease liabilities
$242.0M
$232.0M
$233.0M
$210.0M
Other liabilities
$645.0M
$617.0M
$698.0M
$671.0M
Total liabilities
$23.6B
$23.3B
$22.4B
$22.8B
Common stock and additional paid-in capital, 400.0 shares authorized as of June 30, 2026 and December 31, 2025, $0.01 par value, 259.6 shares issued and 164.6 shares outstanding as of June 30, 2026; 259.1 shares issued and 169.6 shares outstanding as of December 31, 2025
11.5B
11.4B
11.3B
11.2B
Retained earnings
$8.0B
$7.7B
$6.9B
$6.6B
Treasury stock, at cost, 95.0 and 89.5 shares as of June 30, 2026 and December 31, 2025, respectively
-12.3B
-11.9B
-11.1B
-11.1B
Accumulated other comprehensive loss
($964.0M)
($968.0M)
($928.0M)
($882.0M)
Equity attributable to IQVIA Holdings Inc.’s stockholders
$6.2B
$6.2B
$6.2B
$5.8B
Noncontrolling interests
$130.0M
$128.0M
$128.0M
$8.0M
Total stockholders’ equity
$6.3B
$6.3B
$6.3B
$5.8B
Total liabilities and stockholders’ equity
$29.9B
$29.7B
$28.7B
$28.6B
Cash flow statement
IQVIA Holdings Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$1.4B
$1.4B
$1.4B
$1.1B
Depreciation and amortization
$1.1B
$1.1B
$1.1B
$1.1B
Amortization of debt issuance costs and discount
$23.0M
$21.0M
$18.0M
$15.0M
Stock-based compensation
$247.0M
$206.0M
$217.0M
$194.0M
Earnings from unconsolidated affiliates
($22.0M)
($5.0M)
$0
$12.0M
Gain on investments, net
($44.0M)
($22.0M)
($20.0M)
$27.0M
Benefit from deferred income taxes
($180.0M)
($129.0M)
($269.0M)
($115.0M)
Accounts receivable and unbilled services
$60.0M
$182.0M
($388.0M)
($421.0M)
Prepaid expenses and other assets
$218.0M
$7.0M
$34.0M
$7.0M
Accounts payable and accrued expenses
($96.0M)
$115.0M
$267.0M
$427.0M
Unearned income
$242.0M
$9.0M
($29.0M)
$31.0M
Income taxes payable and other liabilities
($299.0M)
($155.0M)
($164.0M)
($128.0M)
Net cash provided by operating activities
$2.7B
$2.7B
$2.1B
$2.3B
Acquisition of property, equipment and software
($603.0M)
($602.0M)
($649.0M)
($674.0M)
Acquisition of businesses, net of cash acquired
($1.7B)
($735.0M)
($876.0M)
($1.3B)
Sales (purchases) of marketable securities, net
$2.0M
$0
($6.0M)
($5.0M)
Investments in unconsolidated affiliates, net of payments received
($44.0M)
($132.0M)
($39.0M)
($20.0M)
Investments in debt and equity securities
($20.0M)
($2.0M)
($38.0M)
$0
Proceeds from Sale of Property, Plant, and Equipment
$75.0M
$25.0M
—
—
Other
($1.0M)
$2.0M
$5.0M
$8.0M
Net cash used in investing activities
($2.3B)
($1.4B)
($1.6B)
($2.0B)
Proceeds from issuance of debt
$6.5B
$0
$4.0B
$1.3B
Payment of debt issuance costs
($42.0M)
($1.0M)
($50.0M)
($5.0M)
Repayment of debt and principal payments on finance leases
($5.2B)
($172.0M)
($2.9B)
($634.0M)
Proceeds from revolving credit facility
$3.4B
$1.7B
$2.4B
$2.4B
Repayment of revolving credit facility
($3.4B)
($960.0M)
($2.7B)
($2.0B)
Payments related to employee stock incentive plans, net
($67.0M)
($64.0M)
($61.0M)
($71.0M)
Repurchase of common stock
($1.2B)
($1.4B)
($992.0M)
($1.2B)
Contingent consideration and deferred purchase price payments
($33.0M)
($16.0M)
($81.0M)
($26.0M)
Other
($11.0M)
—
—
—
Net cash used in financing activities
($150.0M)
($878.0M)
($382.0M)
($329.0M)
Effect of foreign currency exchange rate changes on cash
$79.0M
($68.0M)
($4.0M)
($75.0M)
Increase in cash and cash equivalents
$278.0M
$326.0M
$160.0M
($150.0M)
Cash and cash equivalents at beginning of period
$1.7B
$1.4B
$1.2B
$1.4B
Cash and cash equivalents at end of period
$2.0B
$1.7B
$1.4B
$1.2B
IQVIA Holdings Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$533.0M
$275.0M
$847.0M
$515.0M
Depreciation and amortization
$580.0M
$288.0M
$827.0M
$541.0M
Amortization of debt issuance costs and discount
$12.0M
$6.0M
$17.0M
$11.0M
Stock-based compensation
$160.0M
$65.0M
$187.0M
$132.0M
(Earnings) losses from unconsolidated affiliates
($23.0M)
($6.0M)
$14.0M
$14.0M
Loss (gain) on investments, net
$12.0M
$18.0M
($20.0M)
($16.0M)
Benefit from deferred income taxes
($74.0M)
($38.0M)
($132.0M)
($86.0M)
Change in accounts receivable, unbilled services and unearned income
$239.0M
$193.0M
$442.0M
$269.0M
Change in other operating assets and liabilities
($263.0M)
($183.0M)
($263.0M)
($369.0M)
Net cash provided by operating activities
$1.2B
$618.0M
$1.9B
$1.0B
Acquisition of property, equipment and software
($325.0M)
($127.0M)
($429.0M)
($293.0M)
Acquisition of businesses, net of cash acquired
($200.0M)
($37.0M)
($798.0M)
($315.0M)
Sales of marketable securities, net
$3.0M
$1.0M
$2.0M
$2.0M
Investments in unconsolidated affiliates, net of payments received
($58.0M)
($35.0M)
($28.0M)
($27.0M)
Investments in debt and equity securities
$0
$0
($20.0M)
($19.0M)
Other
$3.0M
$2.0M
($3.0M)
$1.0M
Net cash used in investing activities
($577.0M)
($196.0M)
($1.2B)
($651.0M)
Proceeds from issuance of debt
$1.8B
$650.0M
$4.0B
$4.0B
Payment of debt issuance costs
($20.0M)
($4.0M)
($34.0M)
($35.0M)
Repayment of debt and principal payments on finance leases
($1.4B)
($683.0M)
($2.7B)
($2.1B)
Proceeds from revolving credit facility
$900.0M
$550.0M
$1.4B
$875.0M
Repayment of revolving credit facility
($900.0M)
($350.0M)
($2.2B)
($1.7B)
Payments related to employee stock incentive plans
($41.0M)
($40.0M)
($66.0M)
($35.0M)
Repurchase of common stock
($950.0M)
($552.0M)
($1.0B)
($1.0B)
Contingent consideration and deferred purchase price payments
($15.0M)
($4.0M)
($26.0M)
($20.0M)
Other
($9.0M)
—
($11.0M)
($11.0M)
Net cash used in financing activities
($647.0M)
($433.0M)
($685.0M)
($113.0M)
Effect of foreign currency exchange rate changes on cash