IQVIA Holdings Inc. stock research
FY2024 Q3
IQVIA Holdings (IQV) Gross Margin — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter, and gross profit rose at a faster rate, resulting in an improved gross margin. This improvement was evident both compared to the immediately preceding quarter and the same quarter one year earlier.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter, and gross profit rose at a faster rate, resulting in an improved gross margin. This improvement was evident both compared to the immediately preceding quarter and the same quarter one year earlier.
- The gross margin strengthened because gross profit grew more rapidly than revenue, while cost of revenue increased at a slower relative pace.
- Compared to the preceding quarter, both revenue and gross profit were higher, and gross margin improved. Relative to the same quarter one year earlier, revenue and gross profit were also higher, with gross margin showing an increase.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
23.5%
Gross profit
$915.0M
Revenue
$3.9B
Cost of revenue
$3.0B
Quarter-over-quarter change
+0.9 pts
Year-over-year change
+0.4 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 |
|---|---|---|---|---|
| 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% |
| Sep 30, 2024 | $3.9B | $915.0M | $3.0B | 23.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+0.9 pts
Year-over-year change
Sep 30, 2023
+0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin strengthened because gross profit grew more rapidly than revenue, while cost of revenue increased at a slower relative pace.
Compared to the preceding quarter, both revenue and gross profit were higher, and gross margin improved. Relative to the same quarter one year earlier, revenue and gross profit were also higher, with gross margin showing an increase.
Monitor the trajectory of cost of revenue, exclusive of depreciation and amortization, as it is the primary component shaping gross margin trends.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| IQVIA Holdings Inc. (IQV) | 23.5% |