Iqvia Holdings (IQV) Free Cash Flow (2012 - 2026)
Iqvia Holdings (IQV) recorded Free Cash Flow of $667 million in Q3 2026, down 13.6% from $772 million a year earlier but up 85.3% from the prior quarter.
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Analysis
Iqvia Holdings (IQV) Free Cash Flow (2012 - 2026) Analysis & Trends
On a TTM basis, Iqvia Holdings' Free Cash Flow came in at $2.08 billion as of Sep 30, 2026, down 6.0% year-over-year; for FY2025, it was $2.05 billion, down 3.0% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 8.8% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $2.11 billion in FY2024 (+40.9%), $1.5 billion in FY2023 (-5.4%), $1.59 billion in FY2022 (-31.1%) and $2.3 billion in FY2021 (+71.4%).
- Quarterly Free Cash Flow has ranged from $168 million in Q2 2022 to $772 million in Q3 2025 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in five of the last eight quarters, with growth averaging 5.4%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 83.9% in Q2 2024, against a decline of 57.4% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $360 million (Q2 2026), $491 million (Q1 2026) and $561 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Iqvia Holdings | 42.58 Bn | 33.96 Bn | 1.50 Bn | 667.00 Mn |
| 2 | Medpace Holdings | 18.13 Bn | 15.77 Bn | 223.89 Mn | 196.44 Mn |
| 3 | Charles River Laboratories International | 16.15 Bn | 15.39 Bn | 363.37 Mn | 148.62 Mn |
| 4 | Icon | 15.71 Bn | 12.48 Bn | 491.83 Mn | 307.15 Mn |
| 5 | Fortrea Holdings | 1.93 Bn | 1.22 Bn | 139.50 Mn | 52.50 Mn |
| 6 | Ginkgo Bioworks Holdings | 627.55 Mn | -134.53 Mn | 18.44 Mn | -46.89 Mn |
| 7 | Evotec SE | 540.45 Mn | -1.07 Bn | - | - |
| 8 | Champions Oncology | 68.48 Mn | 44.13 Mn | 7.70 Mn | -547,000.00 |
| 9 | MindWalk Holdings | 51.38 Mn | 15.04 Mn | 1.61 Mn | -2.95 Mn |
| 10 | Natural Alternatives International | 6.45 Mn | -21.63 Mn | 1.73 Mn | -1.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 667.00 Mn |
| Jun 30, 2026 | 360.00 Mn |
| Mar 31, 2026 | 491.00 Mn |
| Dec 31, 2025 | 561.00 Mn |
| Sep 30, 2025 | 772.00 Mn |
| Jun 30, 2025 | 292.00 Mn |
| Mar 31, 2025 | 426.00 Mn |
| Dec 31, 2024 | 721.00 Mn |
| Sep 30, 2024 | 571.00 Mn |
| Jun 30, 2024 | 445.00 Mn |
| Mar 31, 2024 | 377.00 Mn |
| Dec 31, 2023 | 568.00 Mn |
| Sep 30, 2023 | 437.00 Mn |
| Jun 30, 2023 | 242.00 Mn |
| Mar 31, 2023 | 253.00 Mn |
| Dec 31, 2022 | 389.00 Mn |
| Sep 30, 2022 | 698.00 Mn |
| Jun 30, 2022 | 168.00 Mn |
| Mar 31, 2022 | 331.00 Mn |
| Dec 31, 2021 | 508.00 Mn |
API Access
Iqvia Holdings Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=IQV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "IQV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=IQV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();