Filing Flows › IQVIA Holdings (IQV) › Q3 2025
IQVIA Holdings (IQV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
IQVIA Holdings (IQV) reported revenue of $4.1B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +2% from the quarter before. Operating margin was 13.5%, net earnings $332M (8.1% of revenue).
IQVIA Holdings, Q3 2025: revenue $4.1B (+5% year over year), operating margin 13.5%, net earnings $332M, operating cash flow $908M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | +2% | +5% |
| Operating profit | $553M | +9% | +0.5% |
| Net earnings | $332M | +25% | +16% |
| Operating cash flow | $908M | +105% | +26% |
| Free cash flow | $772M | — | +35% |
What changed
Revenue was $4.1B in Q3 2025, up 5% year over year and up 2% from the previous quarter. Research & Development Solutions was the largest line at 55% of revenue. Research & Development Solutions added $0.10B year over year (up 5%), 48% of the total change.
Operating profit was $0.55B, a 13.5% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 14% margin then. Net earnings were $0.33B, up 16% year over year. The effective tax rate was 18.6%.
Operating cash flow was $0.91B (up 26% year over year), 273% of net earnings. Non-cash charges added back $0.29B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.23B. After acquisition of property, equipment and software ($0.14B), free cash flow as the company reports it was $0.77B.
Questions
What was IQVIA Holdings' revenue in the third quarter 2025?
IQVIA Holdings (IQV) reported revenue of $4.1B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +2% from the quarter before.
Was IQVIA Holdings profitable in the third quarter 2025?
Operating profit was $553M (13.5% of revenue) and net earnings $332M.
Source: IQVIA Holdings 10-Q on SEC EDGAR.