Analyst Consensus ?
ConsensusBuy44 ratings
Bullish3681.8%
Neutral715.9%
Bearish12.3%
IQVIA Holdings Inc. · IQV · FY2025 Q4 · Calendar Q1 2026
IQVIA raises 2026 guidance as AI and backlog support growth
The current analysis supports a constructive operating thesis: strong bookings and backlog, AI-enabled offerings, data services, acquisitions, and raised 2026 guidance point to continued demand. The case is moderated by unresolved questions about margins, AI disruption, funding-sensitive R&D demand, and the durability of backlog.
Reported Before market openNYSEHealthcare
$44.31B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.42
Consensus $3.40
EPS surprise
+0.6%
Reported versus consensus
Reported revenue
$4.36B
Consensus $4.24B
Revenue surprise
+2.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-10.7%
Event window
SPY move
-1.2%
Same window
Abnormal move
-9.4%
Stock minus SPY
Volume
2.9×
Versus trailing sessions
Subsequent drift
-3.6%
Up to 20 sessions
IQVSPY benchmark
Ask FN2 about IQV FY2025 Q4
Transcript, numbers and history already loaded
Why did IQV fall 10.7% after beating EPS estimates in FY2025 Q4?What changed in IQV's guidance and outlook in FY2025 Q4?Give me the bull and bear case for IQV after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, management moved from maintained full-year guidance to raised 2026 guidance, while emphasizing a two-segment reporting structure, broader AI deployment, AWS collaboration, and acquisitions in payer analytics and early-stage trials.
Guidance delta
Management raised 2026 guidance, citing expected 5–6% revenue growth and higher EBITDA.
Key takeaways
- Revenue and adjusted EPS exceeded the top of guidance, according to the current analysis.
- Management highlighted AI-enabled analytics, data-as-a-service, real-world evidence, and strategic acquisitions as growth areas.
- The company plans to simplify reporting into Commercial Solutions and R&D segments beginning in 2026.
- The current analysis says the company expects 5–6% revenue growth and higher EBITDA in 2026.
- Risks include biotech funding conditions, trial cancellations, health-data compliance, margin pressure, and AI commoditization.
Management priorities
- Deploy more than 150 AI agents across 30 clinical and commercial use cases.
- Expand the IQVIA Patient Experience platform and AI-driven patient engagement tools.
- Use acquisitions to strengthen payer analytics and early-stage trial capabilities.
- Deepen the AWS collaboration and use NVIDIA technology for generative AI capabilities.
- Simplify reporting into Commercial Solutions and R&D segments.
Follow IQV with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$268.85Current
$175.38Low
$256.16Average
$329High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Buy | Buy | Maintain | Sep 28, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 17, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 29, 2026 |
| Stifel | Buy | Buy | Maintain | Jul 29, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 29, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 29, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 29, 2026 |
| Baird | Outperform | Outperform | Maintain | Jul 29, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jul 13, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Apr 8, 2026 |
| Barclays | Overweight | Equal Weight | Upgrade | Mar 6, 2026 |
| UBS | Buy | Buy | Maintain | Feb 6, 2026 |
| Jefferies | Buy | Buy | Maintain | Feb 6, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Feb 6, 2026 |
| HSBC | Buy | Hold | Upgrade | Oct 9, 2025 |
| B of A Securities | Buy | Buy | Maintain | Dec 13, 2024 |
| Leerink Partners | Outperform | Outperform | Maintain | Nov 19, 2024 |
| Goldman Sachs | Buy | Buy | Maintain | Nov 1, 2024 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 1, 2024 |
| BTIG | Buy | Buy | Maintain | Nov 1, 2024 |
| Guggenheim | Neutral | Buy | Downgrade | Feb 15, 2024 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | May 1, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Feb 13, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Dec 6, 2022 |
| SVB Leerink | Outperform | Outperform | Maintain | Jul 15, 2022 |
| Piper Sandler | Overweight | Neutral | Upgrade | Apr 29, 2022 |
| Keybanc | Overweight | Overweight | Maintain | Apr 28, 2022 |
| Argus Research | Buy | Buy | Maintain | Sep 10, 2021 |
| Stephens & Co. | Overweight | Equal Weight | Upgrade | Apr 16, 2021 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Apr 29, 2020 |
| CFRA | Buy | Buy | Maintain | Mar 24, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Feb 13, 2020 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Nov 14, 2019 |
| Argus | Buy | Buy | Maintain | Feb 25, 2019 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Aug 31, 2018 |
| Bank of America | Buy | Neutral | Upgrade | Jul 25, 2018 |
| Mitsubishi UFJ | Neutral | Neutral | Maintain | Dec 15, 2017 |
| William Blair | Outperform | Market Perform | Upgrade | Aug 4, 2017 |
| PiperJaffray | Neutral | Overweight | Downgrade | Oct 27, 2016 |
| Pacific Crest | Overweight | Overweight | Maintain | Jul 28, 2016 |
| Avondale Partners | Market Perform | Market Perform | Maintain | May 3, 2016 |
| Wunderlich | Buy | Buy | Maintain | Nov 26, 2014 |
| ISI Group | Buy | Neutral | Upgrade | Oct 10, 2014 |
| Sterne Agee | Underperform | Underperform | Maintain | Jun 11, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $268.85. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $329 | $270.37 | +22.4% | Sep 28, 2026 |
| Morgan Stanley | Analyst unavailable | $270 | $268.82 | +0.4% | Sep 17, 2026 |
| RBC Capital | Analyst unavailable | $247 | $246.03 | -8.1% | Jul 29, 2026 |
| BMO Capital | Sean Dodge | $270 | $249.51 | +0.4% | Jul 29, 2026 |
| Robert W. Baird | Eric Coldwell | $287 | $243.31 | +6.8% | Jul 29, 2026 |
| Mizuho Securities | Ann Hynes | $230 | $207.85 | -14.5% | Jul 13, 2026 |
| Deutsche Bank | Analyst unavailable | $240 | $208 | -10.7% | Jul 9, 2026 |
| HSBC | Sidharth Sahoo | $240 | $206.42 | -10.7% | Jul 6, 2026 |
| Robert W. Baird | Analyst unavailable | $249 | $193.22 | -7.4% | Jul 1, 2026 |
| Morgan Stanley | Kallum Titchmarsh | $200 | $179.17 | -25.6% | Jun 17, 2026 |
| HSBC | Analyst unavailable | $210 | $180.64 | -21.9% | Jun 3, 2026 |
| Morgan Stanley | Analyst unavailable | $225 | $179.31 | -16.3% | May 7, 2026 |
| Evercore ISI | Elizabeth Anderson | $185 | $172.54 | -31.2% | Apr 8, 2026 |
| Mizuho Securities | Analyst unavailable | $215 | $165.62 | -20.0% | Feb 23, 2026 |
| Truist Financial | Analyst unavailable | $245 | $165.64 | -8.9% | Feb 19, 2026 |
| Morgan Stanley | Analyst unavailable | $240 | $178.88 | -10.7% | Feb 11, 2026 |
| UBS | Analyst unavailable | $240 | $184.01 | -10.7% | Feb 6, 2026 |
| BMO Capital | Analyst unavailable | $250 | $184.75 | -7.0% | Feb 6, 2026 |
| Stifel Nicolaus | Analyst unavailable | $220 | $184.67 | -18.2% | Feb 6, 2026 |
| Barclays | Luke Sergott | $210 | $180.96 | -21.9% | Feb 6, 2026 |
| Evercore ISI | Elizabeth Anderson | $225 | $180.96 | -16.3% | Feb 5, 2026 |
| Mizuho Securities | Analyst unavailable | $266 | $243.19 | -1.1% | Jan 9, 2026 |
| UBS | Dan Leonard | $280 | $242.66 | +4.1% | Jan 8, 2026 |
| Truist Financial | Jailendra Singh | $290 | $241.1 | +7.9% | Jan 8, 2026 |
| Barclays | Analyst unavailable | $230 | $222.26 | -14.5% | Dec 15, 2025 |
| Morgan Stanley | Analyst unavailable | $265 | $228.47 | -1.4% | Dec 1, 2025 |
| Stifel Nicolaus | Analyst unavailable | $254 | $219.8 | -5.5% | Oct 29, 2025 |
| UBS | Dan Leonard | $250 | $219.64 | -7.0% | Oct 29, 2025 |
| Robert W. Baird | Eric Coldwell | $258 | $218.13 | -4.0% | Oct 29, 2025 |
| HSBC | Analyst unavailable | $235 | $200.6 | -12.6% | Oct 9, 2025 |
| Evercore ISI | Analyst unavailable | $240 | $200.86 | -10.7% | Oct 8, 2025 |
| Barclays | Luke Sergott | $200 | $203.79 | -25.6% | Oct 2, 2025 |
| Redburn Partners | Jamie Clark | $214 | $181.58 | -20.4% | Sep 3, 2025 |
| Mizuho Securities | Ann Hynes | $225 | $199.17 | -16.3% | Jul 25, 2025 |
| Redburn Partners | Jamie Clark | $188 | $137 | -30.1% | May 23, 2025 |
| Mizuho Securities | Ann Hynes | $190 | $140.43 | -29.3% | May 15, 2025 |
| Barclays | Luke Sergott | $165 | $146.2 | -38.6% | May 7, 2025 |
| HSBC | Sidharth Sahoo | $160 | $150.28 | -40.5% | Apr 25, 2025 |
| Truist Financial | Jaliendra Singh | $265 | $210.19 | -1.4% | Nov 4, 2024 |
| Evercore ISI | Elizabeth Anderson | $235 | $205.82 | -12.6% | Oct 31, 2024 |
| RBC Capital | Sean Dodge | $270 | $217.54 | +0.4% | Oct 29, 2024 |
| Deutsche Bank | Justin Bowers | $270 | $232.98 | +0.4% | Oct 16, 2024 |
| Redburn Partners | Jamie Clark | $276 | $229.26 | +2.7% | Oct 14, 2024 |
| Robert W. Baird | Eric Coldwell | $256 | $244.62 | -4.8% | Sep 20, 2024 |
| Stifel Nicolaus | Jonathan Block | $175.38 | $236.24 | -34.8% | Aug 5, 2024 |
| Truist Financial | Jailendra Singh | $300 | $240.26 | +11.6% | Jul 23, 2024 |
| Evercore ISI | Elizabeth Anderson | $270 | $239.5 | +0.4% | Jul 23, 2024 |
| Barclays | Luke Sergott | $275 | $245.23 | +2.3% | Jul 23, 2024 |
| Deutsche Bank | Justin Bowers | $275 | $212.83 | +2.3% | Jun 18, 2024 |
| Robert W. Baird | Eric Coldwell | $241 | $217.46 | -10.4% | Jun 13, 2024 |
| Goldman Sachs | Matthew Sykes | $270 | $218.9 | +0.4% | Jun 6, 2024 |
| Evercore ISI | Elizabeth Anderson | $275 | $236.28 | +2.3% | Aug 2, 2022 |
| Piper Sandler | Jeff Garro | $255 | $202.53 | -5.2% | May 12, 2022 |
| Wells Fargo | Analyst unavailable | $235 | $228.16 | -12.6% | Apr 25, 2022 |
| Evercore ISI | Elizabeth Anderson CFA | $320 | $268.17 | +19.0% | Nov 19, 2021 |
| Bank of America Securities | Derik De Bruin | $320 | $264.45 | +19.0% | Nov 17, 2021 |
| KeyBanc | Donald Hooker | $290 | $264.45 | +7.9% | Nov 17, 2021 |
| Citigroup | Patrick B Donnelly | $320 | $264.45 | +19.0% | Nov 17, 2021 |
| Wells Fargo | Dan Leonard | $300 | $256.89 | +11.6% | Oct 22, 2021 |
| Argus Research | Jasper Hellweg | $290 | $260.5 | +7.9% | Sep 10, 2021 |
| Credit Suisse | Katie Tryhane | $272 | $249.86 | +1.2% | Aug 4, 2021 |
| Guggenheim | Sandy Draper | $267 | $245.37 | -0.7% | Jul 28, 2021 |
| Cowen & Co. | Daniel Brennan | $275 | $232.3 | +2.3% | Apr 23, 2021 |
| Stephens | Scott Schoenhaus | $250 | $215.56 | -7.0% | Apr 16, 2021 |
Track every rating change on IQV the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationIQVIA Holdings Inc. is a premier global provider of sophisticated analytical insights, advanced technology solutions, and comprehensive clinical research services, catering to the life sciences industry across the Americas, Europe, Africa, and Asia-Pacific. The company's operations are structured into three key divisions: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions. The Technology & Analytics Solutions segment provides a suite of cloud-native applications, complete with implementation services, and offers real-world data solutions designed to empower life sciences and healthcare providers in generating and disseminating evidence crucial for informed decision-making and improving patient outcomes. This division also delivers strategic and operational consulting, including advanced analytics support and outsourcing of commercial processes.…
Historical context
All IQV earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| COO The Cooper Companies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +2.7% | -14.7% | CooperCompanies beats expectations as inventory reduction weighs on vision revenue |
| MDT Medtronic plc | FY2027 Q1 · Calendar Q3 2026 | +4.3% | +1.5% | Medtronic raises FY27 outlook as growth broadens across platforms |
Latest beats and misses
Who reports nextBeat on EPS
- CCLFY2026 Q3 · September 29, 2026+5.9% EPS+13.4% move
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
Get the IQV recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-30T23:06:09.762746+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-30T23:06:09.759743+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-30. For educational purposes only; not investment advice.