IQVIA HOLDINGS INC. (IQV) closed fiscal year 2025 with a gross margin of 33.3 % and a net margin of 8.3 %.
IQVIA HOLDINGS INC. (IQV) closed fiscal year 2025 with a gross margin of 33.3 % and a net margin of 8.3 %. The same year shows an EBITDA margin of 20.4 % and an EBIT margin of 13.4 %. The free cash flow margin was 12.6 %. Against the previous year the gross margin moved −1.6 pp and the net margin −0.6 pp. Across the period the gross margin ranges between 33.3 % in 2025 and 53.0 % in 2016. The series covers 15 fiscal years, from 2011 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 50.25 % | 49.45 % | 51.54 % | 51.21 % | 52.85 % | 52.95 % | 52.54 % | — | — | — | — | 34.89 % | 34.96 % | 34.89 % | 33.29 % |
| EBITDA margin (%) | 10.10 % | 10.17 % | 11.17 % | 13.02 % | 13.49 % | 12.58 % | 17.21 % | 18.08 % | 17.85 % | 17.77 % | 19.15 % | 20.33 % | 20.70 % | 21.53 % | 20.39 % |
| EBIT margin (%) | 7.98 % | 8.15 % | 9.07 % | 10.81 % | 11.26 % | 8.37 % | 6.83 % | 7.12 % | 7.01 % | 6.44 % | 10.04 % | 12.48 % | 13.19 % | 14.29 % | 13.38 % |
| Net margin (%) | 5.59 % | 3.65 % | 4.44 % | 6.54 % | 6.75 % | 1.05 % | 13.11 % | 2.49 % | 1.72 % | 2.46 % | 6.96 % | 7.57 % | 9.06 % | 8.91 % | 8.34 % |
| FCF margin (%) | 1.97 % | 5.43 % | 5.98 % | 6.41 % | 6.94 % | 10.12 % | 6.17 % | 7.64 % | 7.53 % | 11.82 % | 16.59 % | 11.01 % | 10.01 % | 13.72 % | 12.58 % |
