Iqvia Holdings (IQV) Operating Margin (2012 - 2026)
Iqvia Holdings (IQV) posted Operating Margin of 12.38% for Q1 2026, down 13.82% sequentially from 14.37% in Q4 2025, and down 57.0% YoY from 28.8% in Q1 2025.
Iqvia Holdings (IQV) Operating Margin (2012 - 2026) Analysis & Trends
Iqvia Holdings (IQV) has 15 years of Operating Margin data on file, last reported at 12.38% in Q1 2026.
- Quarterly Operating Margin fell 57.0% year-over-year to 12.38% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.23% (down 92.0% YoY) and the FY2025 annual result came in at 13.38%, down 92.0% from the prior year.
- Operating Margin eased to 12.38% in Q1 2026 per IQV's latest filing, from 14.37% in the prior quarter.
- The five-year high for Operating Margin was 15.82% in Q4 2024, with the low at 10.14% in Q4 2022.
- Average Operating Margin over 5 years is 13.28%, with a median of 13.25% recorded in 2022.
- The widest YoY moves for Operating Margin: up 447 bps in 2022, down 260 bps in 2022.
- Iqvia Holdings' Operating Margin stood at 10.14% in 2022, then climbed by 28 bps to 12.95% in 2023, then increased by 22 bps to 15.82% in 2024, then slipped by 9 bps to 14.37% in 2025, then declined by 14 bps to 12.38% in 2026.
- Business Quant data shows IQV's Operating Margin at 12.38% in Q1 2026, 14.37% in Q4 2025, and 13.49% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | -3.71% |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 16.93% |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 22.58% |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 31.78% |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | -13.42% |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 21.74% |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 12.38% |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 19.16% |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 25.23% |
| 10 | Quest Diagnostics | 23.76 Bn | 23.67 Bn | 942.00 Mn | 13.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.38% |
| Dec 31, 2025 | 14.37% |
| Sep 30, 2025 | 13.49% |
| Jun 30, 2025 | 12.60% |
| Mar 31, 2025 | 12.95% |
| Dec 31, 2024 | 15.82% |
| Sep 30, 2024 | 14.12% |
| Jun 30, 2024 | 13.63% |
| Mar 31, 2024 | 13.54% |
| Dec 31, 2023 | 12.95% |
| Sep 30, 2023 | 12.87% |
| Jun 30, 2023 | 14.06% |
| Mar 31, 2023 | 12.90% |
| Dec 31, 2022 | 10.14% |
| Sep 30, 2022 | 13.25% |
| Jun 30, 2022 | 12.79% |
| Mar 31, 2022 | 13.87% |
| Dec 31, 2021 | 12.73% |
| Sep 30, 2021 | 8.91% |
| Jun 30, 2021 | 8.32% |