IQVIA Holdings (IQV) FY2023 results: revenue $15.0 billion, up 4.0% on the year
IQVIA Holdings Inc. (IQV) reported revenue of $15.0 billion for fiscal 2023, the year ended 31 December 2023, up 4.0% on the year before. Net income was $1.4 billion, up 24.5%, and diluted earnings per share $7.29. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2024.
Revenue
$15.0 billion
+4.0% on the year
FY2016FY2023
Operating margin
13.2%
12.5% a year earlier
FY2016FY2023
Net income
$1.4 billion
+24.5% on the year
FY2016FY2023
Diluted EPS
$7.29
+27.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,149
2,260
2,942
-4.9%
Capital expenditure
649
674
640
-3.7%
Free cash flow
1,500
1,586
2,302
-5.4%
Free cash flow margin
10.0%
11.0%
16.6%
Cash from investing
-1,603
-2,006
-2,103
Cash from financing
-382
-329
-1,235
Depreciation and amortisation
1,125
1,130
1,264
-0.4%
Share-based compensation
217
194
170
+11.9%
Buybacks
992
1,168
406
-15.1%
Diluted shares, weighted
186m
191m
195m
-2.3%
Shares outstanding at period end
182m
186m
191m
-2.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,112
5,765
6,042
+6.0%
Non-controlling interest
n/a
n/a
0.0
Debt
13,673
12,747
12,125
+7.3%
Operating lease liabilities
223
264
313
-15.5%
Finance lease liabilities
228
224
177
+1.8%
Other liabilities
6,445
6,337
6,032
+1.7%
Total liabilities and equity
26,681
25,337
24,689
+5.3%
Fixed assets
523
532
497
-1.7%
Goodwill
14,567
13,921
13,301
+4.6%
Intangible assets
4,839
4,820
4,943
+0.4%
Investments
120
93.0
111
+29.0%
Cash and equivalents
1,376
1,216
1,366
+13.2%
Receivables
3,381
2,917
2,551
+15.9%
Other assets
1,875
1,838
1,920
+2.0%
Total assets
26,681
25,337
24,689
+5.3%
10-K for the year ended 31 December 2023, filed 15 February 2024: the filing.