What is IQVIA's deferred revenue?

IQVIA (IQV) reported deferred revenue of $2.26B in Q1 2026.

How has IQVIA's deferred revenue changed year-over-year?

IQVIA's deferred revenue increased by 16.5% year-over-year, from $1.94B to $2.26B.

What is the long-term trend for IQVIA's deferred revenue?

Over 5 years (2020 to 2025), IQVIA's deferred revenue has grown at a 11.1% compound annual growth rate (CAGR), from $1.25B to $2.12B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

IQVIA IQV Deferred Revenue

Deferred Revenue at other companies

Thermo Fisher ScientificTMO

$2.93B+2.2%

UnitedHealth GroupUNH

$11B-11.3%

Labcorp HoldingsLH

$405.2M+4.4%

CognizantCTSH

$37M+12.1%

OracleORCL

$9.92B+5.6%

Veeva SystemsVEEV

$1.48B+18.5%

Other financials

Income statement

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Revenue$4.2B+8.4%

Gross profit$1.4B+4.4%

Operating income$514.0M+3.6%

Net income$274.0M+10.0%

EPS (diluted)$1.61+15.0%

Balance sheet

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Cash & equivalents$1.9B+11.9%

Total debt$16.1B+10.7%

Total equity$6.2B+4.1%

Total assets$29.7B+8.6%

Cash flow

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Operating cash flow$618.0M+8.8%

CapEx$127.0M-10.6%

Free cash flow$491.0M+15.3%

Valuation

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Market cap$32.25B+26.3%

Enterprise value$46.37B+18.6%

P/E23.3×+2.6×

P/S1.9×+0.3×

Profitability

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Gross margin33%-1.7pp

Operating margin13.2%-0.9pp

Net margin8.3%-0.3pp

FCF margin12.7%-1.2pp

Returns & leverage

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Return on equity22.7%+1.1pp

Debt / equity2.6×+0.2×

Current ratio0.7×-0.1×

Where this comes from

Reported directly by IQVIA in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: IQVIA’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is IQVIA's deferred revenue?: IQVIA (IQV) reported deferred revenue of $2.26B in Q1 2026.
How has IQVIA's deferred revenue changed year-over-year?: IQVIA's deferred revenue increased by 16.5% year-over-year, from $1.94B to $2.26B.
What is the long-term trend for IQVIA's deferred revenue?: Over 5 years (2020 to 2025), IQVIA's deferred revenue has grown at a 11.1% compound annual growth rate (CAGR), from $1.25B to $2.12B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.