IQVIA Holdings Inc. stock research
FY2024 Q2
IQVIA Holdings (IQV) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue also increased. Gross margin improved from the prior quarter but weakened relative to the same quarter one year earlier.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue also increased. Gross margin improved from the prior quarter but weakened relative to the same quarter one year earlier.
- The gross margin was higher than the prior quarter, reflecting a larger increase in gross profit relative to the increase in revenue.
- Compared to the immediately preceding quarter, revenue and gross profit were higher, and gross margin improved. Compared to the same quarter one year ago, revenue was higher, but gross profit was lower and gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
22.6%
Gross profit
$863.0M
Revenue
$3.8B
Cost of revenue
$3.0B
Quarter-over-quarter change
+0.5 pts
Year-over-year change
-0.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2023 | $3.7B | $850.0M | $2.9B | 22.8% |
| Sep 30, 2023 | $3.7B | $862.0M | $2.9B | 23.1% |
| Mar 31, 2024 | $3.7B | $827.0M | $2.9B | 22.1% |
| Jun 30, 2024 | $3.8B | $863.0M | $3.0B | 22.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.5 pts
Year-over-year change
Jun 30, 2023
-0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin was higher than the prior quarter, reflecting a larger increase in gross profit relative to the increase in revenue.
Compared to the immediately preceding quarter, revenue and gross profit were higher, and gross margin improved. Compared to the same quarter one year ago, revenue was higher, but gross profit was lower and gross margin weakened.
Monitor the trend in gross margin relative to the year-ago level, as the margin has declined from that period.