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How IQVIA Holdings (IQV) makes money
IQVIA Holdings (IQV) made $4.4B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Research & Development Solutions brought in $2.6B (60%); Commercial Solutions brought in $1.8B (40%). Of every dollar of revenue, 13¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Research & Development Solutions | $2.6B | 59.6% | +2% | +9% |
| Commercial Solutions | $1.8B | 40.4% | -0.2% | +7% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.4B | 100.0% |
| Operating profit | $572M | 12.9% |
| Income tax | $76.0M | 1.7% |
| Net earnings | $352M | 7.9% |
| Operating cash flow | $825M | 18.6% |
| Free cash flow | $667M | 15.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.4B | +8% |
| Q2 2026 | $4.4B | +9% |
| Q1 2026 | $4.2B | +8% |
| Q4 2025 | $4.4B | +10% |
| Q3 2025 | $4.1B | +5% |
| Q2 2025 | $4.0B | +5% |
| Q1 2025 | $3.8B | +2% |
From IQVIA Holdings' 10-Q filed Oct 27, 2026 (on EDGAR).
Questions
How does IQVIA Holdings make money?
IQVIA Holdings (IQV) made $4.4B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Research & Development Solutions brought in $2.6B (60%); Commercial Solutions brought in $1.8B (40%). Of every dollar of revenue, 13¢ was left as operating profit, 8¢ was left as net earnings.
What is IQVIA Holdings' biggest business?
Research & Development Solutions: $2.6B in the third quarter 2026, 60% of revenue, +9% from a year earlier.
What is IQVIA Holdings' profit margin?
Net earnings were $352M, 7.9% of revenue, in the third quarter 2026; the operating margin was 12.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.