NYSE$IQV

IQVIA Holdings Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

IQVIA's first-quarter performance was strong, marked by revenue growth, substantial net income increase, and record R&D Solutions services bookings.

IQVIA reported a strong first quarter with revenue increasing by 4.7 percent year-over-year to $3,568 million. GAAP Net Income grew by 53.3 percent year-over-year to $325 million, and Adjusted EBITDA increased by 9.1 percent year-over-year to $812 million. The company also achieved record R&D Solutions services bookings and backlog.

  • Revenue increased by 4.7 percent year-over-year to $3,568 million.
  • GAAP Net Income grew by 53.3 percent year-over-year to $325 million.
  • Adjusted EBITDA increased by 9.1 percent year-over-year to $812 million.
  • R&D Solutions contracted backlog grew 9.1 percent year-over-year to $25.3 billion.

Headline financials

Total Revenue

$3.57B

Previous: $3.41B+4.7%
EPS (adj)

$2.47

Previous: $2.18+13.3%
R&D Solutions contracted backlog

$25.3B

Previous: $23.2B+9.1%
Free Cash Flow

$325M

Previous: $212M+53.3%
Net Income

$325M

Previous: $212M+53.3%
Operating Income

$495M

Previous: $342M+44.7%
Gross Profit

$799M

Previous: $731M+9.3%
Cash & Equivalents

$1.39B

Previous: $2.31B-39.8%
Total Assets

$25B

Previous: $24.5B+2.1%
Stock-Based Comp

$30M

Previous: $32M-6.3%

Revenue & EPS history

IQVIA · Revenue · Quarterly

$3.57B

Q1 2022+4.7%vs Q1 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

IQVIA · $3.57B total across 3 segments · Q1 2022

  • Research & Development Solutions
    $1.93B+3.5%
  • Technology & Analytics Solutions
    $1.44B+6.8%
  • Contract Sales & Medical Solutions
    $195M+1.0%

Forward guidance

For the second quarter of 2022, the company expects revenue to be between $3,470 million and $3,520 million, Adjusted EBITDA to be between $790 million and $805 million, and Adjusted Diluted Earnings per Share to be between $2.35 and $2.42.

Tailwinds

  • Revenue expected to be between $3,470 million and $3,520 million.
  • Adjusted EBITDA expected to be between $790 million and $805 million.
  • Adjusted Diluted Earnings per Share expected to be between $2.35 and $2.42.
  • Underlying organic revenue growth excluding COVID-related work of low-to-mid teens at constant currency.
  • All financial guidance assumes foreign currency exchange rates as of April 26, 2022, remain in effect for the forecast period.

Headwinds

  • Revenue growth of 0.9 to 2.4 percent on a reported basis.
  • Revenue growth of 4.5 to 6.0 percent at constant currency.
  • Impact of the strengthening of the US dollar.
  • Some disruption from the Ukraine/Russia crisis.
  • Company is unable to predict with a reasonable degree of certainty certain items contained in the GAAP measures without unreasonable efforts.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.4%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+1.9%

Avg return

30 days after

65%

37 / 57 earnings

Positive

+12.5%

Q2 2018

Best reaction

-10.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.7%+10.9%+13.9%
Q4 2025-10.7%-9.9%-13.8%
Q3 2025+0.3%-0.4%+6.6%
Q2 2025-0.4%+1.1%-1.6%
Q1 2025-4.0%-2.2%-3.2%
Q4 2024+2.2%-2.2%-6.7%
Q3 2024-3.2%-1.5%-7.0%
Q2 2024+6.3%+6.7%+10.0%
Q1 2024-4.1%-1.6%-5.9%
Q4 2023+12.2%+10.8%+17.4%
Q3 2023+5.3%+9.7%+20.0%
Q2 2023-2.1%-3.1%-0.5%
Q1 2023-0.9%-2.3%+5.0%
Q4 2022+0.8%-1.4%-14.4%
Q3 2022+1.4%+6.1%+11.3%
Q2 2022+0.5%-0.4%+8.3%
Q1 2022+6.1%+5.0%+6.7%
Q4 2021-3.2%-4.8%-6.9%
Q3 2021+2.1%+1.8%+6.6%
Q2 2021-0.8%+0.2%+4.5%
Q1 2021+6.1%+7.0%+9.1%
Q4 2020+4.9%+4.8%+1.6%
Q3 2020+3.2%+2.1%+3.4%
Q2 2020+2.9%+3.4%+0.4%
Q1 2020+8.5%+3.5%+10.9%
Q4 2019+2.5%+1.6%-26.6%
Q3 2019-3.8%-2.4%-2.7%
Q2 2019+2.1%+1.6%-2.3%
Q1 2019-2.0%-0.1%-2.2%
Q4 2018+7.6%+7.3%+7.4%
Q3 2018-3.5%-5.3%-8.4%
Q2 2018+12.5%+8.2%+11.7%
Q1 2018-0.7%+0.2%+2.6%
Q4 2017+1.5%+1.7%+5.6%
Q3 2017+6.1%+6.5%+2.7%
Q2 2017-1.3%-1.0%+4.4%
Q1 2017-3.7%-2.0%+3.0%
Q4 2016-2.7%-4.1%+0.5%
Q3 2016+0.8%+4.1%+3.3%
Q2 2016+3.3%+4.2%+0.3%
Q1 2016-5.9%
Q4 2015+3.6%
Q3 2015-6.2%
Q2 2015+2.6%
Q1 2015-4.9%
Q4 2014+4.3%
Q3 2014+0.9%
Q2 2014-3.1%
Q1 2014+0.4%
Q4 2011+7.5%
Q4 2013+7.5%
Q3 2012+0.1%
Q3 2013+0.1%
Q2 2012+0.8%
Q2 2013+0.8%
Q1 2012+5.0%
Q4 2012+5.0%
Q1 2013

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