IQV
IQVIA Holdings Inc.221.68
-1.95-0.87%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
AI disruption fears firmly rebutted
Q&A largely dismissed AI disruption fears from a recent article, with Bousbib insisting it's an opportunity, not threat, thanks to proprietary healthcare data no generic models can replicate and irreplaceable domain expertise. He revealed Cedar Gate acquisition details: $125 million 2024 revenue, $33 million adjusted EBITDA at 32.7% margins, bolstering U.S. payer analytics. Margins faced Q4 pressure from surging pass-throughs, offset by productivity, with moderation expected in 2026. Demand metrics reaffirmed strong. Nothing new here. Management stayed confident on growth.
Key Stats
Market Cap
37.75BP/E (TTM)
30.49Basic EPS (TTM)
7.27Dividend Yield
0%Recent Filings
10-K
FY2025 results
IQVIA delivered solid FY2025 results amid industry uncertainty, with revenues up 5.9% to $16.3B, driven by 7.6% Technology & Analytics growth to $6.6B while Research & Development rose 4.3% to $8.9B on clinical volume gains despite COVID work decline. Q4 momentum built in R&D with H2 acceleration, backlog climbing to $32.7B (24% y/y, $8.3B next-12-months derived), yet segment profit dipped 3.9% on cost pressures. Cash from operations hit $2.7B; $1.7B net spent on acquisitions, $1.2B repurchased shares under $13.7B program ($1.8B remains). Debt stands at $15.8B; no annual guidance disclosed. Client contract losses could stall quarterly momentum.
8-K
Q4 revenue up 10.3%, 2026 guidance
IQVIA reported Q4 revenue of $4.4B, up 10.3% YoY, and full-year $16.3B, up 5.9%, with R&D Solutions bookings over $2.7B at 1.18x book-to-bill. Strong cash flow hit $2.1B free cash flow, 99% of adjusted net income, while repurchasing $1.2B in shares. Momentum strong. Guides 2026 revenue $17.2B-$17.4B, adjusted EBITDA $4.0B, yet interest jumps $80M.
8-K
IQVIA refinances Term A, revolver
IQVIA refinanced its Term A loans with $2.19B in dollar loans and €250M in euro loans, while replacing all revolving commitments with $2B in new commitments. It slashed SOFR spreads on dollar-denominated term A and revolver loans. Swiss and Japanese borrowers were released, simplifying the structure. Lenders got 0.20% fees.
8-K
Nobel winner joins IQVIA board
IQVIA appointed Nobel laureate Dr. William G. Kaelin Jr., a renowned oncology expert from Dana-Farber and Harvard, to its board effective November 5, 2025. Deemed independent, he'll join under standard non-employee director terms. Brings biomedical firepower. CEO Bousbib hails his innovation edge amid oncology push.
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