IQVIA Holdings Inc (IQV)

Operating 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
Operating income (ttm)	US$ in thousands	1,977,000	1,855,000	1,846,000	1,775,000	1,799,000	1,883,000	1,713,000	1,546,000	1,393,000	1,219,000	1,104,000	880,000	731,000	608,000	625,000	760,000	777,000	818,000	795,000	768,000
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
Operating profit margin		13.82%	13.02%	13.05%	12.65%	12.85%	13.52%	12.44%	11.31%	10.34%	9.22%	8.75%	7.54%	6.63%	5.72%	5.91%	7.04%	7.24%	7.78%	7.66%	7.52%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,977,000K ÷ $14,308,000K
= 13.82%

The operating profit margin of IQVIA Holdings Inc has shown a generally positive trend over the past eight quarters. The margins have been consistently above 10%, indicating efficient cost management and profitability. There was a slight increase in Q4 2023 to 13.75% from 13.03% in Q3 2023, representing improved operational efficiency. Comparing the current margin to Q1 2022, there has been a notable improvement from 11.15% to 13.75%, reflecting the company's ability to generate more profit from its operations. Overall, IQVIA Holdings Inc has demonstrated a consistent ability to maintain healthy operating margins, which is a positive indicator for its financial health and performance.