IQVIA Holdings Inc (IQV)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,349,000 | 1,543,000 | 1,490,000 | 1,477,000 | 1,452,000 | 1,661,000 | 1,611,000 | 1,556,000 | 1,553,000 | 1,369,000 | 1,284,000 | 1,204,000 | 1,136,000 | 5,471,000 | 5,344,000 | 5,078,000 | 4,894,000 | 4,491,000 | 4,454,000 | 4,567,000 |
| Revenue (ttm) | US$ in thousands | 15,237,000 | 14,964,000 | 14,623,000 | 14,368,000 | 14,308,000 | 14,246,000 | 14,145,000 | 14,033,000 | 14,004,000 | 13,925,000 | 13,769,000 | 13,666,000 | 13,470,000 | 13,226,000 | 12,614,000 | 11,671,000 | 11,033,000 | 10,630,000 | 10,575,000 | 10,800,000 |
| Gross profit margin | 15.42% | 10.31% | 10.19% | 10.28% | 10.15% | 11.66% | 11.39% | 11.09% | 11.09% | 9.83% | 9.33% | 8.81% | 8.43% | 41.37% | 42.37% | 43.51% | 44.36% | 42.25% | 42.12% | 42.29% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,349,000K ÷ $15,237,000K
= 15.42%
The gross profit margin of IQVIA Holdings Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The margin started at 42.29% in March 2020 and experienced minor variations, hovering around the low 40% range until December 2021. Notably, there was a significant drop in the gross profit margin to 8.43% in December 2021 and a slight recovery to 11.09% in March 2022.
From June 2022 to March 2024, the gross profit margin consistently increased, reaching 15.42% by December 31, 2024. This upward trend indicates an improvement in the company's ability to generate profit from its core operations relative to its cost of goods sold during this period.
It is essential to evaluate the reasons behind the fluctuations in the gross profit margin, especially the sharp declines in December 2021 and the subsequent recovery and growth thereafter. Further analysis of the company's pricing strategy, cost management, revenue streams, and overall operational efficiency would provide deeper insights into the factors influencing the gross profit margin dynamics.
Peer comparison
Dec 31, 2024