Filing Flows › IQVIA Holdings (IQV) › Q2 2026 › vs Q2 2025
IQVIA Holdings (IQV) Q2 2026 vs Q2 2025 (year over year)
IQVIA Holdings's revenue rose $351M (+9%) from $4.0B in Q2 2025 to $4.4B in Q2 2026. The biggest changes: Research & Development Solutions +$209M (+9%); Commercial Solutions +$142M (+9%). Operating margin 11.6% against 12.6% (-1.0 pts).
IQVIA Holdings, Q2 2026: revenue $4.4B (+9% year over year), operating margin 11.6%, net earnings $258M, operating cash flow $558M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 11.6% | 12.6% | -1.0 pts |
| Net margin | 5.9% | 6.6% | -0.7 pts |
| Free cash flow margin | 8.2% | 7.3% | +1.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Research & Development Solutions | $2.6B | $2.4B | $209M | +9% |
| Commercial Solutions | $1.8B | $1.7B | $142M | +9% |
| Revenue | $4.4B | $4.0B | $351M | +9% |
| Operating profit | $506M | $506M | $0 | 0% |
| Costs & expenses | $3.9B | $3.5B | $351M | +10% |
| Pre-tax earnings | $318M | $322M | −$4.0M | -1% |
| Other expense, net | $188M | $184M | $4.0M | +2% |
| Cost of revenue | $2.9B | $2.7B | $239M | +9% |
| SG&A | $574M | $509M | $65.0M | +13% |
| Other operating costs | $355M | $308M | $47.0M | +15% |
| Net earnings | $258M | $266M | −$8.0M | -3% |
| Income tax | $60.0M | $56.0M | $4.0M | +7% |
| Depreciation & amortization | $292M | $276M | $16.0M | +6% |
| Share-based compensation | $95.0M | $60.0M | $35.0M | +58% |
| Working capital & other | $87.0M | $159M | −$72.0M | -45% |
| Operating cash flow | $558M | $443M | $115M | +26% |
| Free Cash Flow (company-reported) | $360M | $292M | $68.0M | +23% |
| Acquisition of property, equipment and software | $198M | $151M | $47.0M | +31% |
Questions
How much did IQVIA Holdings's revenue grow year over year in Q2 2026?
IQVIA Holdings's revenue rose $351M (+9%) from $4.0B in Q2 2025 to $4.4B in Q2 2026.
What drove IQVIA Holdings's revenue change in Q2 2026?
Research & Development Solutions +$209M (+9%); Commercial Solutions +$142M (+9%).