IQV · NYSE · Medical - Diagnostics & Research

IQVIA (IQV)

Combines healthcare intelligence and commercial technology with global clinical research services.

$272.35
vs last close+2.26 (+0.84%)
Loading prices…

IQVIA Holdings Inc.IQV
Health Care

Provides healthcare data, analytics, cloud software, consulting, contract sales, and patient engagement through Commercial Solutions, while Research & Development Solutions manages clinical trials, laboratories, regulatory support, and real-world research. Revenue is weighted toward outsourced R&D, with operations spanning the Americas, Europe and Africa, and Asia-Pacific.

Runs complementary Commercial Solutions and Research & Development Solutions businesses for life-sciences and healthcare clients. Commercial Solutions sells healthcare information, advanced analytics, cloud software, consulting, contract sales, and patient-engagement services. Research & Development Solutions manages outsourced clinical development, including study design, site start-up, patient recruitment, monitoring, regulatory support, laboratories, and real-world research.

Combines proprietary health datasets with technology and therapeutic expertise to inform commercial decisions and make trial planning and recruitment more targeted. Subscription information and cloud software sit alongside project-based research and outsourced engagement services, linking data products with execution across the drug lifecycle.

Serves clients in the Americas, Europe and Africa, and Asia-Pacific. Operations span more than 100 countries and depend on privacy-compliant access to health data and adherence to clinical-trial and healthcare regulations across jurisdictions.

Company facts

CEOAri Bousbib
ListedMay 9, 2013
ExchangeNYSE
HeadquartersDurham, NC
CountryUnited States
Employees94,000
CIK0001478242
ISINUS46266C1053

Market cap$44.46B
EPS (ttm)$8.06
P/E (ttm)33.51
ROE22.0%
P/B7.20
P/S2.62
Dividend yieldDiv yield
Beta0.81vs XLV 1.17

Price target$243.50−9.8%Average of 45 analysts
ConsensusBuy37 of 45 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 17, 2026Morgan StanleyReiterate
Rating: Target: $200
Rating: Equal WeightTarget: $270
Jul 29, 2026RBC CapitalReiterate
Rating: Target: $270
Rating: OutperformTarget: $247
Jul 29, 2026BMO CapitalReiterate
Rating: Target: $250
Rating: OutperformTarget: $270
Jul 29, 2026Robert W. BairdTarget
Target: $249
Target: $287
Jul 13, 2026Mizuho SecuritiesTarget
Target: $215
Target: $230

Next report
Nov 3, 26
estimated · in 41 days
EPS estimate
$3.25
Revenue estimate
$4.36B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26May '26Jul '26Nov '26
Reported$3.12$2.70$2.81$3.00$3.42$2.90$3.15Pending
Estimate$3.11$2.63$2.77$2.98$3.40$2.82$3.03$3.25
Surprise+0.3%+2.7%+1.4%+0.7%+0.6%+2.8%+4.0%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26May '26Jul '26Nov '26
Reported$3.96B$3.83B$4.02B$4.10B$4.36B$4.15B$4.37BPending
Estimate$3.93B$3.77B$3.97B$4.08B$4.24B$4.10B$4.30B$4.36B
Surprise+0.8%+1.5%+1.2%+0.5%+2.9%+1.2%+1.5%
Estimate$3.25
ReportedDue Nov 3, 2026
Estimate$4.36B
ReportedDue Nov 3, 2026
View details

Debt to equity263.20%
Current ratio70.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.90B$3.96B$3.83B$4.02B$4.10B$4.36B$4.15B$4.37B
Net income$285.0M$437.0M$249.0M$266.0M$331.0M$514.0M$274.0M$256.0M
Net margin7.3%11.0%6.5%6.6%8.1%11.8%6.6%5.9%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$550.0M$626.0M$496.0M$506.0M$553.0M$732.0M$514.0M$506.0M
YoY growth+14.3%+25.0%−2.0%−7.7%+0.5%+16.9%+3.6%0.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $2.08B · Total debt $16.24B · Total assets $29.88B · Shareholders' equity $6.17B

Revenue
$4.37B
Operating income
$506.0M
Net income
$256.0M
View details

No dividends on record.

Institutions93.24%158.23M shares
1,121 holders · as of Jun 30, 2026
Insiders0.62%1.05M shares
14 holders · as of Sep 4, 2026
Strategic holders14.30%24.27M shares
2 holders · as of Aug 15, 2024
Adds to108.16%

169.70M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 108.16%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Strategic
8.92%15.14Mfiled Feb 7, 2022
BlackRock, Inc.Institution
8.57%14.55Mas of Jun 30, 2026
Harris Associates L PInstitution
7.18%12.18Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.43%10.91Mas of Jun 30, 2026
GIC Private LtdStrategic
5.38%9.13Mfiled Aug 15, 2024

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 2, 2026James G. Berkshireofficer: See Remarks−2,668$261.33
Jul 31, 2026Bhavik Patelofficer: See Remarks−1,855$235.27
Aug 3, 2026W. Richard Staubofficer: See Remarks−5,500$232.68
Jul 29, 2026Ari Bousbibdirector, officer: See Remarks−106,279$245.51
Jul 29, 2026Keriann Cherofskyofficer: See Remarks−558$245.21
View details

  • ICON

    Largest pure-play CRO rival; head-to-head in global Phase I–IV trial services.

  • Thermo Fisher Scientific

    PPD division competes head-to-head in global Phase I–IV clinical research.

  • Veeva Systems

    Life sciences SaaS leader challenging IQVIA's commercial CRM and clinical data.

  • Medpace

    Fast-growing mid-tier CRO; wins small biotech mandates via full-service depth.

  • Charles River Laboratories

    Premier preclinical CRO; discovery and safety assessment overlap with IQVIA.

  • Fortrea

    Mid-tier CRO spun from Labcorp; Phase I–IV in oncology and rare disease.

Compare

CompanyPriceChange
IQVIA$272.35+0.84%$44.46B33.520.02.6+8.7%
ICON$167.03−0.05%$12.80B39.215.01.6+2.3%
Thermo Fisher Scientific$659.46+0.14%$243.49B35.425.15.3+10.5%
Veeva Systems$270.30+3.60%$42.38B42.928.012.3+17.6%
Medpace$633.65+0.55%$17.59B36.934.46.3+17.2%
Charles River Laboratories$288.46+1.17%$13.73B23.43.4−2.7%
Fortrea$20.26−0.86%$1.94B21.00.7−4.5%
Median38.124.34.3+6.4%