Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Lenders take over a third of operating profit
Operating income rose 3.4%, but interest grew faster, so less of each operating dollar reaches shareholders.
For investorsWhat reaches shareholders below the operating line
For foundersSelling one data asset into two markets
Income before affiliate earnings fell 6.6%; earnings from businesses IQVIA does not control turned that into growth.
Depreciation and amortization nearly match net profit and are non-cash, so cash generation runs well above reported earnings.
A contracted backlog about twice last year's total revenue gives the research business revenue visibility years in advance.
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Business Lens describes IQVIA from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
