IQVIA Holdings Inc (IQV)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,459,000 | 1,367,000 | 1,366,000 | 1,315,000 | 1,351,000 | 1,453,000 | 1,373,000 | 1,269,000 | 1,129,000 | 934,000 | 759,000 | 508,000 | 351,000 | 253,000 | 211,000 | 307,000 | 307,000 | 322,000 | 312,000 | 329,000 |
| 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 |
| Pretax margin | 10.20% | 9.60% | 9.66% | 9.37% | 9.65% | 10.43% | 9.97% | 9.29% | 8.38% | 7.06% | 6.02% | 4.35% | 3.18% | 2.38% | 2.00% | 2.84% | 2.86% | 3.06% | 3.01% | 3.22% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,459,000K ÷ $14,308,000K
= 10.20%
The pretax margin for IQVIA Holdings Inc has shown some fluctuation over the past eight quarters. In the most recent quarter, Q4 2023, the pretax margin was 9.74%, which was slightly higher compared to the previous quarter, Q3 2023, at 9.20%. This indicates a modest improvement in the company's ability to generate profits before accounting for taxes.
However, it is important to note that there were some periods of higher pretax margins in the past, such as Q3 2022 when it reached 10.16%. While the pretax margins have been relatively stable around the 9-10% range, there have been slight fluctuations, suggesting that the company's profitability may be influenced by various factors.
Overall, IQVIA Holdings Inc's pretax margin performance indicates that the company has been able to maintain a healthy level of profitability over the analyzed periods, with some variability in the margins observed quarter to quarter. It would be beneficial for stakeholders to monitor the company's future financial performance to assess any trends or developments in its profitability.
Peer comparison
Dec 31, 2023