IQVIA Holdings Inc (IQV)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,452,000 | 1,553,000 | 1,136,000 | 441,000 | 433,000 |
| Revenue | US$ in thousands | 14,308,000 | 14,004,000 | 13,470,000 | 10,935,000 | 10,616,000 |
| Gross profit margin | 10.15% | 11.09% | 8.43% | 4.03% | 4.08% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,452,000K ÷ $14,308,000K
= 10.15%
IQVIA Holdings Inc's gross profit margin has demonstrated slight fluctuations over the past five years. The margin ranged from 33.45% in 2021 to 34.96% in 2023. Overall, the company has been able to maintain its gross profit margin above 33%, indicating a consistent ability to generate profits from its core operations. This stability suggests effective cost management and pricing strategies, although a closer look at the expenses and revenue components would provide more insights into the company's profitability trends. It is important for IQVIA Holdings Inc to monitor and potentially improve its gross profit margin to ensure sustainable profitability in the long run.
Peer comparison
Dec 31, 2023