Iqvia Holdings (IQV) Operating Expenses (2012 - 2026)
Iqvia Holdings (IQV) recorded Operating Expenses of $637 million in Q2 2026, up 17.7% from $541 million a year earlier and up 15.2% from the prior quarter.
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Analysis
Iqvia Holdings (IQV) Operating Expenses (2012 - 2026) Analysis & Trends
On a TTM basis, Iqvia Holdings' Operating Expenses came in at $2.22 billion as of Jun 30, 2026, up 6.7% year-over-year; for FY2025, it came in at $2.26 billion, up 2.5% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 2.8% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $2.21 billion in FY2024 (-3.5%), $2.29 billion in FY2023 (+1.3%), $2.26 billion in FY2022 (+6.0%) and $2.13 billion in FY2021 (+7.9%).
- The Q2 2026 figure is the highest quarterly Operating Expenses in data going back to Q1 2012.
- On a year-over-year basis, Operating Expenses has increased for three consecutive quarters, with growth averaging 1.6% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 17.7% in Q2 2026, against a decline of 21.6% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $553 million (Q1 2026), $492 million (Q4 2025) and $534 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Iqvia Holdings | 43.58 Bn | 35.28 Bn | 1.44 Bn | 637.00 Mn |
| 2 | Medpace Holdings | 17.39 Bn | 15.45 Bn | 201.64 Mn | 560.51 Mn |
| 3 | Charles River Laboratories International | 14.59 Bn | 13.78 Bn | 363.37 Mn | 228.90 Mn |
| 4 | Icon | 13.27 Bn | 10.38 Bn | 479.29 Mn | 1.93 Bn |
| 5 | Fortrea Holdings | 2.03 Bn | 1.41 Bn | 139.20 Mn | 663.40 Mn |
| 6 | Ginkgo Bioworks Holdings | 716.57 Mn | -45.52 Mn | 18.44 Mn | 78.70 Mn |
| 7 | Evotec SE | 506.10 Mn | -1.10 Bn | - | - |
| 8 | Champions Oncology | 66.85 Mn | 41.93 Mn | 7.70 Mn | 15.64 Mn |
| 9 | MindWalk Holdings | 63.92 Mn | 27.58 Mn | 1.61 Mn | 6.01 Mn |
| 10 | Natural Alternatives International | 6.75 Mn | -21.33 Mn | 1.73 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 637.00 Mn |
| Mar 31, 2026 | 553.00 Mn |
| Dec 31, 2025 | 492.00 Mn |
| Sep 30, 2025 | 534.00 Mn |
| Jun 30, 2025 | 541.00 Mn |
| Mar 31, 2025 | 537.00 Mn |
| Dec 31, 2024 | 449.00 Mn |
| Sep 30, 2024 | 550.00 Mn |
| Jun 30, 2024 | 537.00 Mn |
| Mar 31, 2024 | 523.00 Mn |
| Dec 31, 2023 | 573.00 Mn |
| Sep 30, 2023 | 532.00 Mn |
| Jun 30, 2023 | 502.00 Mn |
| Mar 31, 2023 | 530.00 Mn |
| Dec 31, 2022 | 596.00 Mn |
| Sep 30, 2022 | 521.00 Mn |
| Jun 30, 2022 | 487.00 Mn |
| Mar 31, 2022 | 495.00 Mn |
| Dec 31, 2021 | 547.00 Mn |
| Sep 30, 2021 | 500.00 Mn |
API Access
Iqvia Holdings Operating Expenses 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=operating-expenses&ticker=IQV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=IQV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();