What is IQVIA's total cost of revenue?

IQVIA (IQV) reported total cost of revenue of $2.8B in Q1 2026.

How has IQVIA's total cost of revenue changed year-over-year?

IQVIA's total cost of revenue increased by 10.5% year-over-year, from $2.53B to $2.8B.

What is the long-term trend for IQVIA's total cost of revenue?

Over 4 years (2021 to 2025), IQVIA's total cost of revenue has grown at a 4.2% compound annual growth rate (CAGR), from $9.23B to $10.88B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

IQVIA IQV Total Cost of Revenue

Total Cost of Revenue at other companies

UnitedHealth GroupUNH

$12.82B+3.5%

Labcorp HoldingsLH

$2.52B+5.3%

CognizantCTSH

$3.64B+7.1%

Veeva SystemsVEEV

$220.92M+27.1%

AccentureACN

$12.58B+5.7%

OracleORCL

——

Segments

By segment

See full

Research & Development Solutions$1.68B+8.0%

Commercial Solutions$1.12B—

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

See full

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

See full

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+17.5%

Enterprise value$46.37B+12.8%

P/E23.3×+1.1×

P/S1.9×+0.2×

Profitability

See full

Gross margin33%-1.7pp

Operating margin13.2%-0.9pp

Net margin8.3%-0.3pp

FCF margin12.7%-1.2pp

Returns & leverage

See full

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:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

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 total cost of revenue?: IQVIA (IQV) reported total cost of revenue of $2.8B in Q1 2026.
How has IQVIA's total cost of revenue changed year-over-year?: IQVIA's total cost of revenue increased by 10.5% year-over-year, from $2.53B to $2.8B.
What is the long-term trend for IQVIA's total cost of revenue?: Over 4 years (2021 to 2025), IQVIA's total cost of revenue has grown at a 4.2% compound annual growth rate (CAGR), from $9.23B to $10.88B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.