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IQVIA IQV Gross margin

Gross margin at other companies

UnitedHealth Group logo
UnitedHealth GroupUNH
88.6%+0.4pp
Labcorp Holdings logo
Labcorp HoldingsLH
28.8%+0.9pp
Cognizant logo
CognizantCTSH
33.5%-0.7pp
Veeva Systems logo
Veeva SystemsVEEV
75%-0.5pp
Accenture logo
AccentureACN
32%-0.1pp
Quest Diagnostics logo
Quest DiagnosticsDGX
33.2%+0.4pp

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$28B-7.9%
Enterprise value$42.12B-2.5%
P/E20.2×-2.6×
P/S1.7×-0.3×

Profitability

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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

Calculated from IQVIA’s reported figures.

Based on trailing twelve months.

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 gross margin?
IQVIA (IQV) reported gross margin of 33% in Q1 2026.
How has IQVIA's gross margin changed year-over-year?
IQVIA's gross margin decreased by 5.0% year-over-year, from 34.7% to 33%.
What is the long-term trend for IQVIA's gross margin?
Over 5 years (2020 to 2025), IQVIA's gross margin has grown at a -0.4% compound annual growth rate (CAGR), from 34% to 33.3%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.