Filing Flows › IQVIA Holdings (IQV) › Q1 2025
IQVIA Holdings (IQV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
IQVIA Holdings (IQV) reported revenue of $3.8B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -3% from the quarter before. Operating margin was 13.0%, net earnings $249M (6.5% of revenue).
IQVIA Holdings, Q1 2025: revenue $3.8B (+2% year over year), operating margin 13.0%, net earnings $249M, operating cash flow $568M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | -3% | +2% |
| Operating profit | $496M | -21% | -2% |
| Net earnings | $249M | -43% | -14% |
| Operating cash flow | $568M | -36% | +9% |
| Free cash flow | $426M | — | +13% |
What changed
Revenue was $3.8B in Q1 2025, up 2% year over year and down 3% from the previous quarter. Research & Development Solutions was the largest line at 55% of revenue. Technology & Analytics Solutions added $0.09B year over year (up 6%), 101% of the total change. Contract Sales & Medical Solutions declined 4%.
Operating profit was $0.50B, a 13.0% margin (down 0.6 points year over year). Operating profit fell $0.01B even though revenue rose $0.09B versus a year earlier, so costs grew faster than sales. Net earnings were $0.25B, down 14% year over year. The effective tax rate was 19.7%.
Operating cash flow was $0.57B (up 9% year over year), 228% of net earnings. Non-cash charges added back $0.27B of depreciation and amortization and $0.07B of share-based compensation. After acquisition of property, equipment and software ($0.14B), free cash flow as the company reports it was $0.43B.
Questions
What was IQVIA Holdings' revenue in the first quarter 2025?
IQVIA Holdings (IQV) reported revenue of $3.8B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -3% from the quarter before.
Was IQVIA Holdings profitable in the first quarter 2025?
Operating profit was $496M (13.0% of revenue) and net earnings $249M.
Source: IQVIA Holdings 10-Q on SEC EDGAR.