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IQVIQVIA Holdings Inc.
$270.09$44.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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IQV logo

IQVIA Holdings Inc.

IQV
NYSE · Diagnostics & Research
$270.09
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$44.46B
P/E34.5x
52W High$273.86
Volume939.55K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Revenue Masks Leverage and Margin Pressures

IQVIA is experiencing accelerating revenue growth, with 8.7% YoY growth in 2026Q2, driven by strong demand across its clinical and data segments. However, the company's profitability is under pressure from rising SG&A costs (up 12.8% YoY) and a mix shift towar...

GrowthAccelerating
ProfitabilityModerate
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

IQV price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

+22% Peers

P/E is 22% above peer median

03

Market leadership

RS 90 · Leader

High momentum (Outperforming 90% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Oct 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 8.7% YoY in 2026Q2, but gross margin contracted to 32.9% from 34.8% in 2024Q4, and SG&A outpaced revenue growth, limiting operating margin to 11.6%.

Analyst Consensus-8.9% target
Buy(45 analysts)
37 Buy7 Hold1 Sell

The Bull Case

Upside Catalysts

Advanced analytics and technology

IQVIA accelerates innovation and improves patient outcomes through its advanced analytics and technology, helping life sciences organizations bring treatments to market faster.

Wide moat advantage

The company has a wide moat, indicating strong competitive advantages and barriers to entry in its market.

Strong institutional ownership

Top holder Vanguard Group owns 11.4% of IQVIA, reflecting confidence from major institutional investors.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
IQV+19.84%
S&P 500 (^GSPC)+13.20%
1-Year Return
IQV+43.79%
S&P 500 (^GSPC)+15.98%
3-Year Return
IQV+35.89%
S&P 500 (^GSPC)+80.16%
5-Year Return
IQV+3.98%
S&P 500 (^GSPC)+74.61%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
34.5x
Forward P/EExpansion
20.8x
EV/EBITDA40th %ile
17.1x
FCF YieldCash Flow
4.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
34.5x
31.7x
60th· Fair
EV/EBITDA
17.1x
17.4x
40th· Fair
Price/FCF
21.7x
23.9x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$114.73-57.5%
Base (Fair)$249.98-6.2%
Bull$451.30+67.1%
$114.73 Bear$249.98 Base$451.30 Bull
Current Market Price: $270.09
Trades at a 8.0% premium to Base DCF ($249.98)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$16.31B+5.9% YoY
Net income
$1.36B-0.9% YoY
Free cash flow
$2.05B-3.0% YoY
Operating margin
14%-0.3 pts YoY
ROIC (TTM)8.7%
Avg ROIC 5Y-
ROE (TTM)21.4%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 28, 2026
$3.15+4.0%
vs $3.03
$4.4B+1.5%
vs $4.3B
Q2 2026
May 5, 2026
$2.90+2.8%
vs $2.82
$4.2B+1.2%
vs $4.1B
Q1 2026
Feb 5, 2026
$3.42+0.6%
vs $3.40
$4.4B+2.9%
vs $4.2B
Q4 2025
Oct 28, 2025
$3.00+0.7%
vs $2.98
$4.1B+0.5%
vs $4.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·2d ago
Contrasting IQVIA (NYSE:IQV) and Bullfrog AI (NASDAQ:BFRG)

Bullfrog AI (NASDAQ: BFRG - Get Free Report) and IQVIA (NYSE: IQV - Get Free Report) are both healthcare companies, but which is the better business? We will compare the two businesses based on the strength of their risk, profitability, earnings, dividends, institutional ownership, analyst recommendations and valuation. Profitability This table compares Bullfrog AI and IQVIA's net

Zacks Investment Research·Sep 16, 2026
IQVIA Stock Rises 60% in 6 Months: Here's What You Should Know

IQV's accelerating organic growth, robust R&DS bookings and expanding AI adoption are strengthening demand visibility and business momentum.

Zacks Investment Research·Sep 11, 2026
Why IQVIA Holdings (IQV) is a Top Momentum Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Defense World·Sep 10, 2026
Arizona State Retirement System Buys 2,372 Shares of IQVIA Holdings Inc. $IQV

Arizona State Retirement System lifted its stake in IQVIA Holdings Inc. (NYSE: IQV) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,655 shares of the medical research company's stock after purchasing an additional 2,372 shares during the quarter. Arizona

Filtered for IQVIA Holdings Inc.More Headlines
04

Compare before deciding

Benchmark IQV against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for IQVIA Holdings Inc. (IQV)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
IQV logoIQVIQVIA Holdings Inc.Current
$270.09$44.46B34.455.87%8.34%21.42%—
CRL logoCRLCharles River Laboratories International, Inc.
$285.11$13.73B-97.98-0.85%-5.96%-7.63%—
ICLR logoICLRICON Public Limited Company
$167.11$12.8B57.62-0.37%3.99%3.54%—
PRA logoPRAProAssurance Corporation
$25.00$1.29B25.25-2.67%6.04%4.95%—
MEDP logoMEDPMedpace Holdings, Inc.
$630.19$17.59B41.2419.97%17.67%110.15%—
VEEV logoVEEVVeeva Systems Inc.
$260.91$42.38B47.9616.34%29.34%14%—

Compare IQV vs Peers

IQVIA Holdings Inc. (IQV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CRL

Most directly comparable listed peer for IQV.

Scale Benchmark

vs UNH

Larger-name benchmark to compare IQV against a more recognizable public peer.

Peer Set

Compare Top 5

vs CRL, ICLR, PRA, MEDP

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

IQV SEC Filings & Documents

IQVIA Holdings Inc. (IQV) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 28, 2026·SEC

Material company update

Jun 11, 2026·SEC

Material company update

Jun 4, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 13, 2025·SEC

FY 2024

Feb 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 28, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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IQV Frequently Asked Questions

IQVIA Holdings Inc. (IQV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is IQVIA Holdings Inc.'s revenue?

IQVIA Holdings Inc. (IQV) reported $16.98B in revenue for fiscal year 2025. This represents a 292% increase from $4.33B in 2011.

How fast is IQVIA Holdings Inc. growing?

IQVIA Holdings Inc. (IQV) grew revenue by 5.9% over the past year. This is steady growth.

Is IQV profitable?

Yes, IQVIA Holdings Inc. (IQV) is profitable, generating $1.38B in net income for fiscal year 2025 (8.3% net margin).

Dividend & Returns
What is IQV's return on equity?

IQVIA Holdings Inc. (IQV) has a return on equity (ROE) of 21.4%. This is excellent, indicating efficient use of shareholder capital.

What is IQVIA Holdings Inc.'s free cash flow?

IQVIA Holdings Inc. (IQV) generated $2.61B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in IQV back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →