Iqvia Holdings (IQV) Gross Margin (2012 - 2026)
Iqvia Holdings (IQV) posted Gross Margin of 32.85% for Q2 2026, up 0.64% sequentially from 32.64% in Q1 2026, and down 8.0% YoY from 35.71% in Q2 2025.
Iqvia Holdings (IQV) Gross Margin (2012 - 2026) Analysis & Trends
Iqvia Holdings has reported Gross Margin for 15 years, with the latest figure at 32.85% in Q2 2026.
- Quarterly Gross Margin fell 8.0% year-over-year to 32.85% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 32.97% (down 128.0% YoY) and the FY2025 annual result came in at 33.29%, down 160.0% from the prior year.
- Gross Margin advanced to 32.85% in Q2 2026 per IQV's latest filing, from 32.64% in the prior quarter.
- Over five years, Gross Margin peaked at 35.94% in Q4 2023 and troughed at 32.64% in Q1 2026.
- A 5-year average of 34.31% and a median of 34.53% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2025: Gross Margin soared 216 bps in 2022, then plunged 191 bps in 2025.
- Over 5 years, Gross Margin stood at 35.62% in 2022, then advanced by 1 bps to 35.94% in 2023, then retreated by 3 bps to 34.82% in 2024, then dropped by 5 bps to 32.91% in 2025, then retreated by 0 bps to 32.85% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 32.85%, 32.64%, and 32.91% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.96 Bn | 209.90 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 140.29 Bn | 135.94 Bn | 3.61 Bn | 57.64% |
| 3 | Idexx Laboratories | 46.08 Bn | 45.88 Bn | 779.09 Mn | 64.04% |
| 4 | Agilent Technologies | 39.78 Bn | 37.97 Bn | 990.00 Mn | 53.95% |
| 5 | Iqvia Holdings | 39.43 Bn | 37.35 Bn | 1.44 Bn | 32.85% |
| 6 | Natera | 38.72 Bn | 37.62 Bn | 696.04 Mn | 99.91% |
| 7 | Illumina | 30.05 Bn | 28.88 Bn | 770.00 Mn | 66.44% |
| 8 | Mettler Toledo International | 28.63 Bn | 28.58 Bn | 650.22 Mn | 63.29% |
| 9 | Quest Diagnostics | 26.17 Bn | 25.54 Bn | 1.03 Bn | 33.75% |
| 10 | Labcorp Holdings | 25.89 Bn | 24.91 Bn | 1.01 Bn | 28.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.85% |
| Mar 31, 2026 | 32.64% |
| Dec 31, 2025 | 32.91% |
| Sep 30, 2025 | 33.49% |
| Jun 30, 2025 | 32.94% |
| Mar 31, 2025 | 33.90% |
| Dec 31, 2024 | 34.82% |
| Sep 30, 2024 | 35.37% |
| Jun 30, 2024 | 34.77% |
| Mar 31, 2024 | 34.60% |
| Dec 31, 2023 | 35.94% |
| Sep 30, 2023 | 35.06% |
| Jun 30, 2023 | 34.47% |
| Mar 31, 2023 | 34.34% |
| Dec 31, 2022 | 35.62% |
| Sep 30, 2022 | 34.84% |
| Jun 30, 2022 | 34.17% |
| Mar 31, 2022 | 34.89% |
| Dec 31, 2021 | 34.98% |
| Sep 30, 2021 | 33.56% |