IQVIA Holdings Inc. (IQV) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 618M | 735M | 908M | 443M | 568M | 885M | 721M | 588M | 522M | 747M | 583M | 402M | 417M | 560M | 863M | 329M | 508M | 692M | 844M | 539M |
| Operating CF Margin % | 14.89% | 16.84% | 22.15% | 11.03% | 14.83% | 22.36% | 18.51% | 15.42% | 13.97% | 19.31% | 15.6% | 10.78% | 11.42% | 14.98% | 24.23% | 9.26% | 14.24% | 19.03% | 24.89% | 15.69% |
| Operating CF Growth % | 8.8% | -16.95% | 25.94% | -24.66% | 8.81% | 18.47% | 23.67% | 46.27% | 25.18% | 33.39% | -32.45% | 22.19% | -17.91% | -19.08% | 2.25% | -38.96% | -41.41% | -7.73% | 47.04% | 14.19% |
| Net Income | 275M | 514M | 332M | 266M | 249M | 437M | 285M | 363M | 288M | 469M | 303M | 297M | 289M | 227M | 283M | 256M | 325M | 318M | 261M | 175M |
| Depreciation & Amortization | 288M | 317M | 286M | 276M | 265M | 303M | 278M | 269M | 264M | 316M | 297M | 259M | 253M | 357M | 248M | 270M | 255M | 262M | 336M | 343M |
| Stock-Based Compensation | 65M | 0 | 55M | 60M | 72M | 48M | 54M | 48M | 56M | 45M | 47M | 50M | 75M | 58M | 61M | 45M | 30M | 42M | 48M | 48M |
| Deferred Taxes | -38M | -48M | -46M | -45M | -41M | -15M | -34M | -14M | -66M | -152M | -47M | -43M | -27M | -63M | -24M | -18M | -10M | -55M | -40M | -4M |
| Other Non-Cash Items | 28M | -13M | -171M | -10M | 19M | 7M | -13M | 4M | -4M | 70M | 5M | -5M | 2M | -14M | 17M | 22M | 19M | -5M | 4M | -8M |
| Working Capital Changes | 0 | -35M | 452M | -104M | 4M | 105M | 151M | -82M | -16M | -1M | -22M | -156M | -175M | -5M | 278M | -246M | -111M | 130M | 235M | -15M |
| Change in Receivables | 193M | -382M | 173M | 141M | 128M | -77M | 72M | 122M | 65M | -147M | -107M | -27M | -107M | -278M | 55M | -197M | 54M | -801M | 182M | 139M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17M | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 427M | 0 | 0 | 0 | 244M | 0 | 0 |
| Cash from Investing | -196M | -1.1B | -550M | -346M | -305M | -310M | -599M | -221M | -314M | -212M | -573M | -596M | -222M | -477M | -717M | -199M | -613M | -647M | -1.09B | -185M |
| Capital Expenditures | 0 | -174M | 293M | -151M | -142M | -164M | -150M | -143M | -145M | -179M | -146M | -160M | -164M | -171M | -165M | -161M | -177M | -184M | -162M | -145M |
| CapEx % of Revenue | - | 3.99% | 7.15% | 3.76% | 3.71% | 4.14% | 3.85% | 3.75% | 3.88% | 4.63% | 3.91% | 4.29% | 4.49% | 4.57% | 4.63% | 4.53% | 4.96% | 5.06% | 4.78% | 4.22% |
| Acquisitions | -37M | -916M | -456M | -195M | -147M | -86M | -428M | -54M | -142M | -30M | -428M | -432M | -25M | -309M | -552M | -38M | -436M | -466M | -929M | -46M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -160M | 4M | -386M | 2M | -1M | 4M | -2M | 0 | 0 | 1M | 4M | 2M | 7M | 4M | 1M | -38M | 3M | -5M | 1M | -1M |
| Cash from Financing | -433M | 535M | -572M | 145M | -258M | -375M | -137M | -260M | -106M | -420M | -144M | 95M | 87M | -193M | -251M | -29M | 144M | -138M | -66M | -863M |
| Debt Issued (Net) | 163M | 755M | -535M | 856M | 164M | 783M | 66M | -253M | -43M | -155M | 9M | 612M | 336M | -123M | -39M | 477M | 626M | 77M | 36M | -36M |
| Equity Issued (Net) | -552M | -279M | 1.03B | -657M | -375M | -1.15B | -200M | 0 | 0 | -229M | -144M | -490M | -129M | -65M | -210M | -490M | -403M | -204M | -95M | -45M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -552M | -212M | 1.03B | -657M | -375M | -1.15B | -200M | 0 | 0 | -229M | -144M | -490M | -129M | -65M | -210M | -490M | -403M | -204M | -95M | -45M |
| Other Financing | -44M | 59M | -1.07B | -54M | -47M | -8M | -3M | -7M | -63M | -36M | -9M | -27M | -120M | -5M | -2M | -16M | -79M | -11M | -7M | -782M |
| Net Change in Cash | -33M | 166M | -225M | 299M | 38M | 130M | 27M | 101M | 68M | 152M | -158M | -112M | 278M | -58M | -154M | 41M | 21M | -104M | -337M | -498M |
| Free Cash Flow | 618M | 561M | 1.2B | 292M | 426M | 721M | 571M | 445M | 377M | 568M | 437M | 242M | 253M | 389M | 698M | 168M | 331M | 508M | 682M | 394M |
| FCF Margin % | 14.89% | 12.86% | 29.29% | 7.27% | 11.13% | 18.22% | 14.66% | 11.67% | 10.09% | 14.68% | 11.7% | 6.49% | 6.93% | 10.4% | 19.6% | 4.73% | 9.28% | 13.97% | 20.11% | 11.47% |
| FCF Growth % | 45.07% | -22.19% | 110.33% | -34.38% | 13% | 26.94% | 30.66% | 83.88% | 49.01% | 46.02% | -37.39% | 44.05% | -23.57% | -23.43% | 2.35% | -57.36% | -53.9% | -11.5% | 63.55% | 19.39% |
| FCF per Share | 3.64 | 3.26 | 6.99 | 1.69 | 2.40 | 3.99 | 3.10 | 2.41 | 2.05 | 3.08 | 2.36 | 1.30 | 1.34 | 2.06 | 3.69 | 0.88 | 1.71 | 2.61 | 3.49 | 2.02 |
| FCF Conversion (FCF/Net Income) | 2.26x | 1.43x | 2.74x | 1.67x | 2.28x | 2.03x | 2.53x | 1.62x | 1.81x | 1.59x | 1.92x | 1.35x | 1.44x | 2.47x | 3.05x | 1.29x | 1.56x | 2.18x | 3.23x | 3.08x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |