Iqvia Holdings (IQV) FCF Margin (2012 - 2026)

Iqvia Holdings (IQV) posted FCF Margin of 11.83% for Q1 2026, down 7.99% sequentially from 12.86% in Q4 2025, and up 70.0% YoY from 6.96% in Q1 2025.

Iqvia Holdings (IQV) FCF Margin (2012 - 2026) Analysis & Trends

Iqvia Holdings (IQV) has 15 years of FCF Margin data on file, last reported at 11.83% in Q1 2026.

Quarterly FCF Margin rose 70.0% year-over-year to 11.83% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.72% (down 124.0% YoY) and the FY2025 annual result came in at 12.58%, down 115.0% from the prior year.
FCF Margin eased to 11.83% in Q1 2026 per IQV's latest filing, from 12.86% in the prior quarter.
The five-year high for FCF Margin was 19.6% in Q3 2022, with the low at 4.74% in Q2 2022.
Average FCF Margin over 5 years is 11.79%, with a median of 11.67% recorded in 2024.
Year-over-year, FCF Margin tumbled 1178 bps in 2022 and surged 518 bps in 2024.
Iqvia Holdings' FCF Margin stood at 10.4% in 2022, then jumped by 41 bps to 14.68% in 2023, then increased by 24 bps to 18.22% in 2024, then declined by 29 bps to 12.86% in 2025, then slipped by 8 bps to 11.83% in 2026.
Business Quant data shows IQV's FCF Margin at 11.83% in Q1 2026, 12.86% in Q4 2025, and 18.83% in Q3 2025.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	Waters	31,055.11 Bn	31,054.65 Bn	1.11 Bn	-3.31%
2	Thermo Fisher Scientific	191.02 Bn	187.77 Bn	7.74 Bn	7.41%
3	Danaher	137.16 Bn	131.47 Bn	3.59 Bn	18.23%
4	Idexx Laboratories	42.82 Bn	42.62 Bn	722.74 Mn	22.61%
5	Natera	39.09 Bn	37.99 Bn	696.04 Mn	2.59%
6	Agilent Technologies	37.61 Bn	35.81 Bn	990.00 Mn	10.95%
7	Iqvia Holdings	34.23 Bn	32.25 Bn	1.36 Bn	11.83%
8	Illumina	28.14 Bn	26.98 Bn	721.00 Mn	23.01%
9	Mettler Toledo International	26.40 Bn	26.33 Bn	555.82 Mn	12.92%
10	Quest Diagnostics	23.76 Bn	23.67 Bn	942.00 Mn	5.66%

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