IQVIA Q3 2025 Earnings Release

IQVIA Holdings Inc. reported its financial results for the third quarter ended September 30, 2025. The company achieved revenue of $4,100 million, a 5.2% increase year-over-year. GAAP net income was $331 million, with adjusted EBITDA reaching $949 million. Diluted earnings per share (EPS) were $1.93 on a GAAP basis and $3.00 on an adjusted basis. R&D Solutions reported quarterly bookings of $2.6 billion, with a book-to-bill ratio of 1.15x and a contracted backlog of $32.4 billion, up 4.1% year-over-year. Operating cash flow was $908 million, and free cash flow was $772 million, representing 150% of adjusted net income. The company reaffirmed its full-year 2025 guidance, expecting revenue between $16,150 million and $16,250 million, adjusted EBITDA between $3,775 million and $3,800 million, and adjusted diluted EPS between $11.85 and $11.95.