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IQVIA cash flow statement

In fiscal 2025, IQVIA's operations generated $2.65bn of cash; it spent $603m on capital projects, leaving free cash flow of $2.05bn. It returned $1.24bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1613363934334768609701,2541,4171,9592,9422,2602,1492,7162,6542,736
Depreciation and amortisation92981081211282891,0111,1411,2021,2871,2641,1301,1251,1141,1441,218
Stock-based pay142623303810610611314695170194217206247300
Capital spending7671888378164369459582616640674649602603657
Free cash flow852643053503986966017958351,3432,3021,5861,5002,1142,0512,079
Free cash flow after stock pay712382823203605904956826891,2482,1321,3921,2831,9081,8041,779
Dividends paid288568——————————————
Share buybacks141364155151,0972,6201,4059494474061,1689921,3501,2441,162
Shares issued—3525—————————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from IQVIA's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to IQVIA.