IQVIA (IQV) FY2025 10-K Annual Report

Filed: Feb 17, 2026
Industrials
Services-Commercial Physical & Biological ResearchSEC EDGAR

IQVIA (IQV) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 17, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

IQVIA FY2025 10-K Analysis

Business Overview

  • Core business model: Global clinical development and commercial solutions services for biopharmaceutical industry
  • Emphasis on risks from client consolidation reducing service volumes and revenue loss post-mergers in clients’ industries
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Management Discussion & Analysis

  • Revenue $16,310M in 2025, up 5.9% (+$905M) YoY; Technology & Analytics Solutions +7.6% ($466M), Research & Development Solutions +4.3% ($369M), Contract Sales & Medical Solutions +9.7% ($70M)
  • Operating profit $2,182M in 2025, down 0.9% from $2,202M in 2024; segment profit: Technology & Analytics $1,595M (+4.8%), R&D $1,873M (-3.9%), Contract Sales $48M (+2.1%)
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Risk Factors

  • Regulatory risk: Compliance with HIPAA and EU GDPR, with potential fines and penalties under US Dept. of Health and Human Services and EU authorities
  • Geopolitical risk: Increased cyberattack threat from state-sponsored actors causing data compromise and operational disruption in global IT systems
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IQVIA FY2025 Key Financial Metrics
XBRL

Revenue

$16.3B

+5.9% YoY

Net Income

$1.4B

-0.9% YoY

Operating Margin

13.4%

-92bp YoY

Net Margin

8.3%

-57bp YoY

ROE

20.9%

-172bp YoY

Total Assets

$29.9B

+11.3% YoY

EPS (Diluted)

$7.84

+4.7% YoY

Operating Cash Flow

$2.7B

-2.3% YoY

Source: XBRL data from IQVIA FY2025 10-K filing on SEC EDGAR. All figures in USD.

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