NYSE$IQV

IQVIA Holdings Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

IQVIA's second-quarter 2021 results were reported, with revenue up 36.4% year-over-year and full-year 2021 guidance raised.

IQVIA reported strong second-quarter 2021 results, exceeding targets across key financial metrics. Revenue increased by 36.4% year-over-year, and the company raised its full-year 2021 financial guidance due to sustained market momentum.

  • Revenue for the second quarter was $3,438 million, a 36.4 percent increase year-over-year.
  • GAAP Net Income for the second quarter was $175 million, a significant increase from $(23) million in 2020.
  • Adjusted Diluted Earnings per Share for the second quarter was $2.13, up from $1.18 in 2020.
  • R&D Solutions contracted backlog grew 16.7 percent year-over-year to $23.9 billion.

Headline financials

Total Revenue

$3.44B

Previous: $2.52B+36.4%
EPS (adj)

$2.13

Previous: $1.18+80.5%
R&D Solutions contracted backlog

$23.9B

Previous: $20.5B+16.6%
Free Cash Flow

$175M

Previous: -$23M+860.9%
Net Income

$175M

Previous: -$23M+860.9%
Operating Income

$286M

Previous: $62M+361.3%
Gross Profit

$715M

Previous: $449M+59.2%
Cash & Equivalents

$1.81B

Previous: $1.11B+62.9%
Total Assets

$23.9B

Previous: $23.2B+3.3%
Stock-Based Comp

$48M

Previous: $36M+33.3%

Revenue & EPS history

IQVIA · Revenue · Quarterly

$3.44B

Q2 2021+36.4%vs Q2 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

IQVIA · $3.44B total across 3 segments · Q2 2021

  • Research & Development Solutions
    $1.89B+53.1%
  • Technology & Analytics Solutions
    $1.35B+22.0%
  • Contract Sales & Medical Solutions
    $194M+9.6%

Forward guidance

For full-year 2021, the company is raising its guidance ranges for revenue, Adjusted EBITDA, and Adjusted Diluted EPS.

Tailwinds

  • Revenue is projected to be between $13,550 million and $13,700 million.
  • Adjusted EBITDA is expected to be in the range of $2,950 million to $3,000 million.
  • Adjusted Diluted EPS is anticipated to be between $8.70 and $8.90.
  • Third quarter revenue is projected to be between $3,290 million and $3,365 million.
  • Third quarter Adjusted EBITDA is expected to be in the range of $710 million to $730 million.

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 Q2 2021

Historical avgQ2 2021

+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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