How does IQVIA (IQV) make money?

IQVIA (IQV) generates revenue primarily from Research And Development Solutions, which accounted for 61.8% of total revenue in TTM through Q1 2026. The company reported $16.63B in revenue and converted 8.3% of it into net profit, equivalent to roughly $1.39B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of IQVIA (IQV)?

IQVIA (IQV) reported a gross profit margin of 26.1% in TTM through Q1 2026, equivalent to $4.34B in gross profit on $16.63B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of IQVIA (IQV)?

IQVIA (IQV) reported an operating profit margin of 13.9% in TTM through Q1 2026, equivalent to $2.31B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of IQVIA (IQV)?

IQVIA (IQV) reported a net profit margin of 8.3% in TTM through Q1 2026, equivalent to $1.39B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is IQVIA (IQV) profitable?

Yes. IQVIA (IQV) reported $1.39B in net income for TTM through Q1 2026, with a net profit margin of 8.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does IQVIA (IQV) spend on capital expenditures?

IQVIA (IQV) spent $159.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.0% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does IQVIA (IQV) generate?

IQVIA (IQV) generated $2.54B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 15.3%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of IQVIA (IQV)?

IQVIA (IQV) had an effective tax rate of 15.3% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of IQVIA (IQV)?

IQVIA (IQV) reports revenue across 3 reportable product segments, led by Research And Development Solutions at 61.8% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How IQVIA Makes Money: 2026 Visual Revenue Map

IQVIA (IQV) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 5, 2026).

IQVIA discloses geographic revenue only in annual filings. to view the full breakdown.

IQVIA (IQV) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for IQVIA (IQV) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Research And Development Solutions	$10.27B	61.8%
Technology And Analytics Solutions	$5.68B	34.1%
Contract Sales And Medical Solutions	$678.56M	4.1%
Total	$16.63B	100%

Research And Development Solutions$10.27B
Technology And Analytics Solutions$5.68B
Contract Sales And Medical Solutions$678.56M
Total$16.63B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, IQVIA (IQV) reports revenue across 3 operating segments; the largest segment was Research And Development Solutions at 61.8%, followed by Technology And Analytics Solutions (34.1%) and Contract Sales And Medical Solutions (4.1%).

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