IQVIA Holdings (IQV) FY2024 results: revenue $15.4 billion, up 2.8% on the year
IQVIA Holdings Inc. (IQV) reported revenue of $15.4 billion for fiscal 2024, the year ended 31 December 2024, up 2.8% on the year before. Net income was $1.4 billion, up 1.1%, and diluted earnings per share $7.49. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$15.4 billion
+2.8% on the year
FY2017FY2024
Operating margin
14.3%
13.2% a year earlier
FY2017FY2024
Net income
$1.4 billion
+1.1% on the year
FY2017FY2024
Diluted EPS
$7.49
+2.7% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,716
2,149
2,260
+26.4%
Capital expenditure
602
649
674
-7.2%
Free cash flow
2,114
1,500
1,586
+40.9%
Free cash flow margin
13.7%
10.0%
11.0%
Cash from investing
-1,444
-1,603
-2,006
Cash from financing
-878
-382
-329
Depreciation and amortisation
1,114
1,125
1,130
-1.0%
Share-based compensation
206
217
194
-5.1%
Buybacks
1,350
992
1,168
+36.1%
Diluted shares, weighted
183m
186m
191m
-1.6%
Shares outstanding at period end
176m
182m
186m
-3.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
6,067
6,112
5,765
-0.7%
Non-controlling interest
0.0
n/a
n/a
Debt
13,983
13,673
12,747
+2.3%
Operating lease liabilities
173
223
264
-22.4%
Finance lease liabilities
218
228
224
-4.4%
Other liabilities
6,458
6,445
6,337
+0.2%
Total liabilities and equity
26,899
26,681
25,337
+0.8%
Fixed assets
535
523
532
+2.3%
Goodwill
14,710
14,567
13,921
+1.0%
Intangible assets
4,499
4,839
4,820
-7.0%
Investments
141
120
93.0
+17.5%
Cash and equivalents
1,702
1,376
1,216
+23.7%
Receivables
3,204
3,381
2,917
-5.2%
Other assets
2,108
1,875
1,838
+12.4%
Total assets
26,899
26,681
25,337
+0.8%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.