Free Cash Flow for IQVIA (IQV)
Free Cash Flow for IQVIA (IQV): headline value $2.48B · YoY -3.0%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
IQV
Currently viewingFree Cash FlowSwitch metric
Latest period
$2.48B
YoY change
-3.0%
5Y CAGR
+8.8%
Peak year (2021)
$2.30B
Latest annual
$2.05B
Free Cash Flow history chart for IQVIA (IQV) from 2010 to 2025
Free Cash Flow history table for IQVIA (IQV) from 2010 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $2.05B | -3.0% | ||
| 2024 | $2.11B | +40.9% | ||
| 2023 | $1.50B | -5.4% | ||
| 2022 | $1.59B | -31.1% | ||
| 2021 | $2.30B | +71.4% | ||
| 2020 | $1.34B | +60.8% | ||
| 2019 | $835.00M | +5.0% | ||
| 2018 | $795.00M | +32.3% | ||
| 2017 | $601.00M | -13.6% | ||
| 2016 | $696.00M | +75.2% | ||
| 2015 | $397.30M | +13.8% | ||
| 2014 | $349.10M | +14.5% | ||
| 2013 | $305.02M | +15.4% | ||
| 2012 | $264.37M | +210.0% | ||
| 2011 | $85.27M | -71.4% | ||
| 2010 | $297.92M | — |
Free Cash Flow values are taken from IQVIA's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, IQVIA (IQV) reported free cash flow of $2.05B – edged down 3.0% year-over-year.
IQVIA free cash flow compound annual growth for the 2020–2025 (5 years) window is +8.8%, with the latest reading among the more recent periods of the dataset.
Between 2021 and 2025, IQVIA free cash flow declined 10.9%, falling from $2.30B to $2.05B.
$2.30B stands as the all-time-high annual free cash flow, posted in 2021, against a low of $85.27M during 2011.
Within Healthcare, IQVIA (IQV) ranks 9th among 8 peers we track. The peer median for free cash flow is $14.22B.
IQVIA Free Cash Flow by Year
IQVIA Free Cash Flow 2025: $2.05B
IQVIA free cash flow in 2025 was $2.05B, edged down 3.0% below 2024.
IQVIA Free Cash Flow 2024: $2.11B
IQVIA free cash flow in 2024 was $2.11B, surged 40.9% from 2023.
IQVIA Free Cash Flow 2023: $1.50B
IQVIA free cash flow in 2023 was $1.50B, declined 5.4% below 2022.
IQVIA Free Cash Flow 2022: $1.59B
IQVIA free cash flow in 2022 was $1.59B, plunged 31.1% below 2021.
IQVIA Free Cash Flow 2021: $2.30B
IQVIA free cash flow in 2021 was $2.30B.
See more financial history for IQVIA (IQV).
Sector peers — Free Cash Flow
Companies in the same sector as IQVIA, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $28.99B | Healthcare |
| Johnson & Johnson (JNJ) | $19.70B | Healthcare |
| AbbVie Inc. (ABBV) | $17.82B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $16.07B | Healthcare |
| Merck & Co., Inc. (MRK) | $12.36B | Healthcare |
| AstraZeneca PLC (AZN) | $11.77B | Healthcare |
| Eli Lilly and Company (LLY) | $8.97B | Healthcare |
| Amgen Inc. (AMGN) | $8.10B | Healthcare |
Frequently asked questions
What is IQVIA's free cash flow?
Latest reported free cash flow for IQVIA (IQV) is $2.48B (period ending December 31, 2025).
How has IQVIA free cash flow changed year-over-year?
IQVIA (IQV) free cash flow changed -3.0% year-over-year on the latest annual filing.
What is the long-term growth rate of IQVIA free cash flow?
IQVIA (IQV) free cash flow compound annual growth rate is +8.8% over the most recent 5 years available.
When did IQVIA free cash flow hit its highest annual value?
IQVIA free cash flow reached its highest annual value of $2.30B in 2021.
What was IQVIA free cash flow in 2024?
IQVIA (IQV) free cash flow in 2024 was $2.11B.
What was IQVIA free cash flow in 2025?
IQVIA (IQV) free cash flow in 2025 was $2.05B.
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