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IQVIA Holdings vs Incyte: IQV and INCY compared
IQVIA Holdings is the larger company: $4.4B of revenue in its latest quarter (Q3 2026) against $1.6B for Incyte (Q3 2026). Incyte is growing faster (+14% against +8% a year earlier). IQVIA Holdings is more profitable, with an operating margin of 12.9% against -45.5%.
Where the money goes: IQV and INCY
IQVIA Holdings (IQV) · Q3 2026
IQVIA Holdings, Q3 2026: revenue $4.4B (+8% year over year), operating margin 12.9%, net earnings $352M, operating cash flow $825M. The chart follows the revenue to costs, profit and cash.
Incyte (INCY) · Q3 2026
Incyte, Q3 2026: revenue $1.6B (+14% year over year), operating margin -45.5%, net loss $785M, operating cash flow −$675M. The chart follows the revenue to costs, profit and cash.
| IQVIA Holdings (IQV) | Incyte (INCY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.4B | $1.6B |
| Revenue growth, Y/Y | +8% | +14% |
| Operating margin | 12.9% | -45.5% |
| Net earnings | $352M | −$785M |
| Net margin | 7.9% | -50.4% |
| Operating cash flow | $825M | −$675M |
| Free cash flow | $667M | — |
| Market value | $44.2B | $24.2B |
| P/E | 32.3× | 63.5× |
| Analysts’ mean target | $311.89 | $131.50 |
Where the revenue comes from
IQVIA Holdings
- Research & Development Solutions: $2.6B (60%)
- Commercial Solutions: $1.8B (40%)
Incyte
- Net sales: $1.3B (85%)
- NIKTIMVO: $67.4M (4%)
- ZYNYZ: $58.3M (4%)
- OLUMIANT: $39.1M (3%)
Questions
Which is bigger, IQVIA Holdings or Incyte?
IQVIA Holdings is the larger company: $4.4B of revenue in its latest quarter (Q3 2026) against $1.6B for Incyte (Q3 2026).
Is IQVIA Holdings or Incyte growing faster?
Incyte is growing faster (+14% against +8% a year earlier).
Which is more profitable, IQVIA Holdings or Incyte?
IQVIA Holdings is more profitable, with an operating margin of 12.9% against -45.5%.
More: IQVIA Holdings earnings · how IQVIA Holdings makes money · Incyte earnings · how Incyte makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.