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IQVIA IQV Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin33%-1.3pp33%-1.7pp33.3%-1.6pp33.8%-1.4pp34.2%-0.8pp
Operating margin13%-0.9pp13.2%-0.9pp13.4%-0.9pp13.7%+0.2pp13.9%+0.6pp
Net margin8.1%+0.2pp8.3%-0.3pp8.3%-0.6pp8.1%-1.1pp7.9%-1.5pp
Returns
Return on equity23%+3.2pp22.7%+1.1pp21.6%-0.9pp19.5%-2.5pp19.8%-3.0pp
Return on invested capital9.2%0.0pp9.5%0.0pp9.3%-0.3pp9.1%-1.9pp9.3%-1.6pp
Efficiency
Asset turnover0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×
Liquidity
Current ratio0.7×-0.1×0.7×-0.1×0.7×-0.1×0.7×-0.1×0.8×0.0×
Leverage
Debt-to-equity2.6×-0.1×2.6×+0.2×2.5×+0.1×2.5×+0.5×2.7×+0.7×
Net debt / EBITDA4.2×+0.1×4.2×+0.3×4.3×+0.4×+0.3×4.1×+0.4×
Per Share
Book value per share$36.89+10.6%$36.64+8.7%$37.48+13.3%$35.88-5.1%$33.36-8.4%
Valuation
Market capitalization$38.85B+28.8%$28.63B-7.9%$38.39B+7.6%$32.29B-25.2%$27.43B-28.7%
Price / earnings28.3×+3.9×20.7×-2.6×28.2×+2.2×25.2×-5.6×22.2×-4.8×
Price / sales2.3×+0.4×1.7×-0.3×2.4×0.0×-0.8×1.7×-0.8×
Price / book6.3×+1.1×4.6×-0.6×5.9×0.0×5.2×-1.0×4.7×-1.0×
EV / EBITDA15.7×+2.4×12.7×-0.6×15.8×+1.2×13.8×-3.5×12.5×-3.5×

FAQ

What are IQVIA's profit margins?
IQVIA (IQV) runs a 33.0% gross margin and a 13.0% operating margin, with a 8.1% net margin.
Where do IQVIA's ratios come from?
Every ratio is computed from IQVIA's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.