IQVIA Holdings (IQV) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to the immediately preceding quarter but rose relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared to the immediately preceding quarter but rose relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
-3.4%
Change from the immediately preceding quarter.
Year-over-year
+2.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $3.7B | +5.3% |
| Sep 30, 2023 | $3.7B | +4.9% |
| Dec 31, 2023 | $3.9B | +3.5% |
| Mar 31, 2024 | $3.7B | +2.3% |
Revenue performance
The sequential decrease reflects a reversal from the prior quarter's growth, while the year-over-year gain indicates sustained expansion from the comparable period last year.
Quarterly comparison
Compared with the prior quarter, revenue was lower, marking a shift from the upward trend seen in the previous period. Versus the same quarter a year ago, revenue was higher, continuing the pattern of annual increases.
What to watch
Monitor whether the quarterly decline marks a temporary pause or the start of a sustained reversal.