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IQVIA IQV Operating margin

Operating margin at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
17.2%+0.8pp
UnitedHealth Group logo
UnitedHealth GroupUNH
4.2%-4.0pp
Labcorp Holdings logo
Labcorp HoldingsLH
10.4%+1.6pp
Cognizant logo
CognizantCTSH
15.9%+0.5pp
Oracle logo
OracleORCL
30.6%-0.2pp
Veeva Systems logo
Veeva SystemsVEEV
28.8%+1.8pp

Other financials

Income statement

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Revenue$4.4B+8.7%
Gross profit$1.4B+8.5%
Operating income$506.0M0.0%
Net income$256.0M-3.8%
EPS (diluted)$1.53-0.6%

Balance sheet

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Cash & equivalents$1.9B-6.4%
Total debt$16.2B+3.4%
Total equity$6.2B+6.8%
Total assets$29.9B+4.4%

Cash flow

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Operating cash flow$558.0M+26.0%
CapEx$198.0M+31.1%
Free cash flow$360.0M+23.3%

Valuation

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Market cap$38.85B+28.8%
Enterprise value$53.19B+21.3%
P/E28.3×+3.9×
P/S2.3×+0.4×

Profitability

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Gross margin33%-1.3pp
Net margin8.1%+0.2pp
FCF margin12.9%+0.1pp

Returns & leverage

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Return on equity23%+3.2pp
Debt / equity2.6×-0.1×
Current ratio0.7×-0.1×

Where this comes from

Calculated from IQVIA’s reported figures.

Based on trailing twelve months.

The source filing: IQVIA’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 4:38 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050211

FAQ

What is IQVIA's operating margin?
IQVIA (IQV) reported operating margin of 13% in Q2 2026.
How has IQVIA's operating margin changed year-over-year?
IQVIA's operating margin decreased by 6.6% year-over-year, from 13.9% to 13%.
What is the long-term trend for IQVIA's operating margin?
Over 5 years (2020 to 2025), IQVIA's operating margin has grown at a 15.8% compound annual growth rate (CAGR), from 6.4% to 13.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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