The Tip Desk

IQVIA HOLDINGS INC.

Company Stats

Market Cap
$44.3B
as of Sep 30, 2026
Enterprise Value
$58.1B
Shares Outstanding
164.6M
Free Float
83.7%

Income Statement

Revenue
$16.3B
Operating Income
$2.2B
Net Income
$1.4B
EBITDA
$3.3B
Revenue Growth, 3Y
4.2%
FCF Margin, 3Y Avg
12.1%
FCF Margin, Worst Year
10.0%

Cash Flow

Free Cash Flow
$2.1B
FCF Yield
4.6%
Owner FCF Yield
4.1%

Balance Sheet

Cash & Equivalents
$2.0B
Total Debt
$15.8B
Net Debt
$13.8B
Net Debt / EBITDA
4.16x
EV / EBITDA
17.46x
Net Debt / EBIT
6.33x

Returns & Capital

Share Repurchases
$1.2B
Buyback Yield, 3Y Avg
2.7%
SBC, 3Y Avg
$223.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$16.3B$2.1B12.6%
FY2024$15.4B$2.1B13.7%
FY2023$15.0B$1.5B10.0%
FY2022$14.4B$1.6B11.0%
FY2021$13.9B$2.3B16.6%

Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage