NYSE$IQV

IQVIA Holdings Inc. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

IQVIA's financial performance for Q2 2023 was reported, showing revenue growth and increased net income.

IQVIA reported a revenue of $3,728 million, a 5.3% increase year-over-year. GAAP Net Income was $297 million, up 16.0% year-over-year. Adjusted Diluted Earnings per Share was $2.43, a 0.4% decrease year-over-year.

  • Revenue grew by 5.3 percent year-over-year, reaching $3,728 million.
  • GAAP Net Income increased by 16.0 percent year-over-year, totaling $297 million.
  • Adjusted EBITDA grew by 8.0 percent year-over-year, amounting to $864 million.
  • R&D Solutions contracted backlog grew 11 percent year-over-year, reaching $28.4 billion.

Headline financials

Total Revenue

$3.73B

Previous: $3.54B+5.3%
EPS (adj)

$2.43

Previous: $2.44-0.4%
R&D Solutions contracted backlog

$28.4B

Previous: $25.6B+10.9%
Free Cash Flow

$297M

Previous: $256M+16.0%
Net Income

$297M

Previous: $256M+16.0%
Operating Income

$524M

Previous: $453M+15.7%
Gross Profit

$850M

Previous: $795M+6.9%
Cash & Equivalents

$1.38B

Previous: $1.43B-3.2%
Total Assets

$26B

Previous: $24.4B+6.6%
Stock-Based Comp

$50M

Previous: $45M+11.1%

Revenue & EPS history

IQVIA · Revenue · Quarterly

$3.73B

Q2 2023+5.3%vs Q2 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

IQVIA · $3.73B total across 3 segments · Q2 2023

  • Research & Development Solutions
    $2.1B+7.5%
  • Technology & Analytics Solutions
    $1.46B+3.4%
  • Contract Sales & Medical Solutions
    $176M-3.8%

Forward guidance

The company updated its full-year guidance to reflect the expectation that the commercial business growth for the balance of the year will be consistent with the first half. For the third quarter of 2023, the company expects revenue to be between $3,760 million and $3,810 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 2023

Historical avgQ2 2023

+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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