IQVIA Holdings Inc (IQV)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,977,000 | 1,799,000 | 1,393,000 | 731,000 | 777,000 |
| Revenue | US$ in thousands | 14,308,000 | 14,004,000 | 13,470,000 | 10,935,000 | 10,616,000 |
| Operating profit margin | 13.82% | 12.85% | 10.34% | 6.68% | 7.32% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,977,000K ÷ $14,308,000K
= 13.82%
The operating profit margin of IQVIA Holdings Inc has shown a positive trend over the past five years, with gradual improvements observed each year. The margin increased from 7.68% in 2019 to 13.75% in 2023, indicating a consistent growth in the company's ability to generate profits from its core operations. This upward trend suggests that IQVIA has been able to manage its operating expenses effectively while increasing its operating income relative to its revenues. The steady improvement in operating profit margin demonstrates a positive operational efficiency and profitability trajectory for the company over the period analyzed.
Peer comparison
Dec 31, 2023