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IQVIA Holdings Net Worth, Marketcap, Revenue, Competitors 2026

IQVIA Holdings, Inc. logo

IQVIA Holdings, Inc. logo

Key Stats

  • Founded: 2016 through merger of Quintiles and IMS Health
  • 2024 Revenue: $15.41 billion (2.81% year-over-year growth)
  • 2024 Employees: 88,000 across 100+ countries
  • Market Cap: Approximately $41 billion (January 2026)
  • Fortune 500 Rank: #282 (2024)

IQVIA Holdings, Inc. is a global provider of advanced analytics, technology solutions, and clinical research services to the life sciences and healthcare industries. The company is headquartered in Durham, North Carolina, with additional headquarters in Danbury, Connecticut.

IQVIA operates through three business segments: Technology and Analytics Solutions (40% of revenue), Research and Development Solutions (55% of revenue), and Contract Sales and Medical Solutions (5% of revenue). The company has access to 1.2 billion unique non-identified patient records globally, making it one of the largest healthcare data providers in the world.

IQVIA Holdings History

1982
Dennis Gillings founded Quintiles Transnational in North Carolina as a contract research organization for pharmaceutical companies.
1996
Quintiles acquired Innovex Ltd. of Britain for $747.5 million in stock, expanding its European presence.
1998
IMS Health was established when Cognizant Corporation split into IMS Health and Nielsen Media Research. Quintiles became the first CRO to exceed $1 billion in annual revenue.
1999
Quintiles joined the S&P 500 Index, reflecting its position as a leader in clinical research services.
2013
Quintiles filed for an IPO and began trading on the NYSE under ticker symbol Q, returning to public markets after going private in 2003.
2016
Quintiles merged with IMS Health in an $8.8 billion deal to form QuintilesIMS, creating a $17.6 billion company.
2017
The company adopted the name IQVIA. The letters represent I (IMS Health), Q (Quintiles), and VIA (by way of).
2019
IQVIA acquired Linguamatics, a natural language processing company, to strengthen its AI and data analytics capabilities.
2024
IQVIA abandoned its proposed acquisition of Propel Media after the FTC sued to block the deal citing antitrust concerns.

IQVIA Holdings Co-founders

Dennis Gillings
British biostatistician who founded Quintiles Transnational in 1982. He pioneered the contract research organization model and built Quintiles into the world’s largest CRO.
Ari Bousbib
Current Chairman and CEO of IQVIA. He led the merger between Quintiles and IMS Health in 2016 and has guided the company’s growth in healthcare analytics and AI.

IQVIA Holdings Competitors

IQVIA operates in a competitive landscape of contract research organizations and healthcare data companies. The CRO services market is expected to reach $125 billion by 2030.

Company Headquarters Primary Services
ICON plc Dublin, Ireland Clinical development, CRO services
Thermo Fisher Scientific (PPD) Waltham, MA Clinical research, laboratory services
Parexel International Raleigh, NC Clinical trials, regulatory consulting
Syneos Health Morrisville, NC Biopharmaceutical solutions
Charles River Laboratories Wilmington, MA Preclinical services, drug discovery
Labcorp Drug Development Burlington, NC Clinical laboratory, drug development
Medpace Cincinnati, OH Clinical development services
WuXi AppTec Shanghai, China Drug discovery, development services
Medidata Solutions New York, NY Clinical trial software, data analytics
Pharmaron Beijing, China R&D services, clinical development

IQVIA Holdings Revenue

IQVIA generated $15.41 billion in revenue during 2024, reflecting steady growth in its clinical research and technology analytics divisions. The company has increased annual revenue consistently since its 2016 formation.

IQVIA Holdings Annual Revenue (2015-2024) in Billions USD
$6.8B
2015
$7.8B
2016
$9.7B
2017
$10.4B
2018
$11.1B
2019
$11.4B
2020
$13.9B
2021
$14.4B
2022
$15.0B
2023
$15.4B
2024

IQVIA Holdings Market Cap

IQVIA’s market capitalization stood at approximately $41 billion as of January 2026. The company trades on the NYSE under ticker symbol IQV and has grown its valuation significantly since its 2013 IPO as Quintiles.

IQVIA Holdings Market Cap (2015-2024) in Billions USD
$12B
2015
$15B
2016
$21B
2017
$23B
2018
$32B
2019
$35B
2020
$50B
2021
$38B
2022
$36B
2023
$41B
2024

IQVIA Holdings Acquisitions

IQVIA has completed over 20 acquisitions since its formation, targeting companies that strengthen its data analytics, clinical research, and healthcare technology capabilities. The company’s acquisition strategy has focused on expanding its reach across the United States and United Kingdom.

The largest acquisition in IQVIA’s history was the 2016 merger between Quintiles and IMS Health, valued at $8.8 billion. This deal combined Quintiles’ clinical research expertise with IMS Health’s healthcare data and analytics platform, creating the largest company in the contract research industry. The merger gave IQVIA access to pharmaceutical sales data, prescribing trends, and patient records from healthcare systems worldwide.

In 2018, IQVIA made three acquisitions, its most active year for M&A. The company acquired Linguamatics in 2019, adding natural language processing capabilities to extract insights from unstructured medical text. The company also acquired companies specializing in patient recruitment, real-world evidence, and clinical trial technology.

IQVIA’s acquisition of Clintec in 2018 strengthened its oncology and rare disease clinical trial capabilities. The company continued expanding through deals with healthcare technology firms that enhance its artificial intelligence and machine learning platforms for drug development.

In 2023, IQVIA attempted to acquire Propel Media, a healthcare advertising company, but abandoned the deal in January 2024 after the Federal Trade Commission sued to block the merger. The FTC argued the acquisition would give IQVIA excessive market power in healthcare programmatic advertising.

FAQs

What does IQVIA stand for?

IQVIA combines letters from its legacy companies: I (IMS Health), Q (Quintiles), and VIA (Latin for “by way of”), representing the merged entity formed in 2016.

When was IQVIA founded?

IQVIA was formed in 2016 through the merger of Quintiles (founded 1982) and IMS Health (founded 1998). The company adopted the IQVIA name in November 2017.

Where is IQVIA headquartered?

IQVIA has dual headquarters in Durham, North Carolina and Danbury, Connecticut. The company operates in over 100 countries worldwide.

How many employees does IQVIA have?

IQVIA employs approximately 88,000 people globally as of 2024, including experts in clinical research, data science, technology, and healthcare operations.

What services does IQVIA provide?

IQVIA provides clinical trial management, healthcare analytics, real-world evidence generation, technology solutions, and contract sales services to pharmaceutical and biotech companies.

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