TTM
16.1%
YoY change
−1.15pp
Trough year (2011)
2.0%
Peak year (2021)
16.6%
Latest annual
12.6%
FCF Margin history chart for IQVIA (IQV) from 2010 to 2025
Latest: 12.6%
FCF Margin change chart for IQVIA (IQV) from 2010 to 2025
Latest: −1.15pp
FCF Margin history table for IQVIA (IQV) from 2010 to 2025
| 2025 | 12.6% | -1.15pp | ||
| 2024 | 13.7% | +3.71pp | ||
| 2023 | 10.0% | -1.00pp | ||
| 2022 | 11.0% | -5.59pp | ||
| 2021 | 16.6% | +4.77pp | ||
| 2020 | 11.8% | +4.29pp | ||
| 2019 | 7.5% | -0.10pp | ||
| 2018 | 7.6% | +1.44pp | ||
| 2017 | 6.2% | -4.02pp | ||
| 2016 | 10.2% | +3.29pp | ||
| 2015 | 6.9% | +0.53pp | ||
| 2014 | 6.4% | +0.41pp | ||
| 2013 | 6.0% | +0.55pp | ||
| 2012 | 5.4% | +3.46pp | ||
| 2011 | 2.0% | -5.62pp | ||
| 2010 | 7.6% | — |
- 202512.6%-1.15pp
- 202413.7%+3.71pp
- 202310.0%-1.00pp
- 202211.0%-5.59pp
- 202116.6%+4.77pp
- 202011.8%+4.29pp
- 20197.5%-0.10pp
- 20187.6%+1.44pp
- 20176.2%-4.02pp
- 201610.2%+3.29pp
- 20156.9%+0.53pp
- 20146.4%+0.41pp
- 20136.0%+0.55pp
- 20125.4%+3.46pp
- 20112.0%-5.62pp
- 20107.6%—
FCF Margin values are taken from IQVIA's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at IQVIA (IQV)
According to IQVIA's latest reported financial statements, the company's latest reported free cash flow margin is 16.1%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, IQVIA (IQV) free cash flow margin totalled 12.58% – contracted 1.1 percentage points year-over-year.
2021 marks the peak free cash flow margin at 16.59%, with the historical low of 1.97% recorded in 2011.
IQVIA FCF Margin by Year
IQVIA FCF Margin 2025: 12.6%
In 2025, IQVIA reported free cash flow margin of 12.58%, contracted 1.1 percentage points from 2024.
IQVIA FCF Margin 2024: 13.7%
IQVIA free cash flow margin in 2024 was 13.72%, expanded 3.7 percentage points from 2023.
IQVIA FCF Margin 2023: 10.0%
2023's free cash flow margin for IQVIA came in at 10.01%, contracted 1.0 percentage points from 2022.
IQVIA FCF Margin 2022: 11.0%
IQVIA posted free cash flow margin of 11.01% in 2022, contracted 5.6 percentage points from 2021.
IQVIA FCF Margin 2021: 16.6%
IQVIA free cash flow margin in 2021 was 16.59%.
See more financial history for IQVIA (IQV).
Sector peers by FCF Margin
Healthcare peers of IQVIA (IQV), ranked by their latest free cash flow margin
| 33.2% | |
| 23.1% | |
| 21.5% | |
| 18.8% | |
| 18.4% | |
| 15.1% | |
| 9.4% | |
| 4.4% |
- 33.2%
- 23.1%
- 21.5%
- 18.8%
- 15.1%
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