Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

IQVIA Holdings Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Revenues	3,736)	3,728)	3,652)	3,739)	3,562)	3,541)	3,568)	3,636)	3,391)	3,438)	3,409)	3,298)	2,786)	2,521)	2,754)	2,895)	2,769)	2,740)	2,684)	2,688)	2,594)	2,567)	2,563)
Cost of revenues, exclusive of depreciation and amortization	(2,426)	(2,443)	(2,398)	(2,407)	(2,321)	(2,331)	(2,323)	(2,364)	(2,253)	(2,323)	(2,293)	(2,172)	(1,800)	(1,704)	(1,824)	(1,901)	(1,852)	(1,799)	(1,748)	(1,742)	(1,678)	(1,674)	(1,652)
Gross profit	1,310)	1,285)	1,254)	1,332)	1,241)	1,210)	1,245)	1,272)	1,138)	1,115)	1,116)	1,126)	986)	817)	930)	994)	917)	941)	936)	946)	916)	893)	911)
Selling, general and administrative expenses	(502)	(482)	(513)	(583)	(517)	(483)	(488)	(542)	(498)	(482)	(442)	(491)	(460)	(431)	(407)	(484)	(395)	(436)	(419)	(443)	(429)	(424)	(420)
Depreciation and amortization	(297)	(259)	(253)	(357)	(248)	(270)	(255)	(262)	(336)	(343)	(323)	(344)	(319)	(308)	(316)	(314)	(299)	(294)	(295)	(294)	(283)	(282)	(282)
Restructuring costs	(30)	(20)	(17)	(13)	(4)	(4)	(7)	(5)	(2)	(4)	(9)	(2)	(20)	(16)	(14)	(30)	(19)	(14)	(12)	(2)	(23)	(17)	(26)
Income from operations	481)	524)	471)	379)	472)	453)	495)	463)	302)	286)	342)	289)	187)	62)	193)	166)	204)	197)	210)	207)	181)	170)	183)
Interest income	14)	4)	6)	6)	4)	2)	1)	2)	2)	1)	1)	2)	1)	1)	2)	2)	3)	2)	2)	3)	2)	1)	2)
Interest expense	(181)	(169)	(141)	(128)	(108)	(94)	(86)	(90)	(92)	(94)	(99)	(102)	(100)	(108)	(106)	(109)	(114)	(114)	(110)	(106)	(105)	(107)	(96)
Loss on extinguishment of debt	—)	—)	—)	—)	—)	—)	—)	(1)	(1)	—)	(24)	(1)	—)	(12)	—)	—)	(24)	—)	—)	—)	—)	(2)	—)
Other income (expense), net	35)	16)	26)	18)	(8)	(33)	(10)	2)	62)	29)	37)	6)	14)	32)	13)	37)	—)	(7)	7)	—)	(27)	26)	(4)
Income (loss) before income taxes and equity in earnings (losses) of unconsolidated affiliates	349)	375)	362)	275)	360)	328)	400)	376)	273)	222)	257)	194)	102)	(25)	102)	96)	69)	78)	109)	104)	51)	88)	85)
Income tax (expense) benefit	(51)	(81)	(71)	(48)	(70)	(71)	(71)	(59)	(12)	(48)	(44)	(63)	3)	5)	(17)	(68)	1)	(8)	(41)	(30)	14)	(24)	(19)
Income (loss) before equity in earnings (losses) of unconsolidated affiliates	298)	294)	291)	227)	290)	257)	329)	317)	261)	174)	213)	131)	105)	(20)	85)	28)	70)	70)	68)	74)	65)	64)	66)
Equity in earnings (losses) of unconsolidated affiliates	5)	3)	(2)	—)	(7)	(1)	(4)	1)	—)	1)	4)	(1)	3)	(1)	6)	(8)	(1)	1)	(1)	2)	2)	4)	7)
Net income (loss)	303)	297)	289)	227)	283)	256)	325)	318)	261)	175)	217)	130)	108)	(21)	91)	20)	69)	71)	67)	76)	67)	68)	73)
Net income attributable to non-controlling interests	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(5)	(11)	(7)	(2)	(9)	(4)	(12)	(11)	(9)	(7)	(7)	(7)	(4)
Net income (loss) attributable to IQVIA Holdings Inc.	303)	297)	289)	227)	283)	256)	325)	318)	261)	175)	212)	119)	101)	(23)	82)	16)	57)	60)	58)	69)	60)	61)	69)

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	IQVIA Holdings Inc. revenues increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	IQVIA Holdings Inc. income from operations increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023 not reaching Q1 2023 level.
Income (loss) before income taxes and equity in earnings (losses) of unconsolidated affiliates	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	IQVIA Holdings Inc. income (loss) before income taxes and equity in earnings (losses) of unconsolidated affiliates increased from Q1 2023 to Q2 2023 but then decreased significantly from Q2 2023 to Q3 2023.
Net income (loss) attributable to IQVIA Holdings Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	IQVIA Holdings Inc. net income (loss) attributable to IQVIA Holdings Inc. increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

IQVIA Holdings Inc. (NYSE:IQV)

Income StatementQuarterly Data

Income Statement
Quarterly Data