IQVIA Holdings Inc (IQV)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 4,576,000 | 4,369,000 | 5,843,000 | 7,298,000 |
| Revenue (ttm) | US$ in thousands | 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 | 10,726,000 | 10,519,000 | 10,377,000 | 10,209,000 |
| Gross profit margin | 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% | 42.66% | 41.53% | 56.31% | 71.49% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,452,000K ÷ $14,308,000K
= 10.15%
The gross profit margin of IQVIA Holdings Inc has been relatively stable over the past eight quarters, ranging from 33.99% in Q1 2022 to 34.96% in Q4 2023. The company has maintained consistent margins above 34% since Q3 2022. This indicates that IQVIA has been effectively managing its cost of goods sold and generating healthy levels of gross profit relative to its revenue. The gradual improvement in gross profit margin over time suggests increasing efficiency in production and cost control measures within the company. Overall, IQVIA's gross profit margin trend reflects a consistent and positive performance in this key financial metric.
Peer comparison
Dec 31, 2023