Iqvia reported $34.2B of remaining performance obligations at 30 Sep 2026, down 1% from a year earlier and down 6% from the previous quarter. That is 2.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.50.
Net new backlog added in the latest quarter: -$2.20B.
Over the last twelve months it turned about 49% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 6.8% of the backlog.
Twelve-month book-to-bill: 0.99, i.e. 0.99 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -9 points — revenue is catching up with orders.
By backlog size it ranks 28th among US filers the cockpit tracks.
Iqvia backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$34.2B
$17.3B
2.0 yrs
$2.31B
30 Jun 2026
$36.4B
$17.0B
2.1 yrs
$2.28B
31 Mar 2026
$37.3B
$16.6B
2.2 yrs
$2.26B
31 Dec 2025
$34.2B
$16.3B
2.1 yrs
$2.12B
30 Sep 2025
$34.4B
$15.9B
2.2 yrs
$2.16B
30 Jun 2025
$34.6B
$15.7B
2.2 yrs
$2.12B
31 Mar 2025
$34.9B
$15.5B
2.3 yrs
$1.94B
31 Dec 2024
$33.5B
$15.4B
2.2 yrs
$1.78B
30 Sep 2024
$33.3B
$15.3B
2.2 yrs
$1.82B
30 Jun 2024
$32.8B
$15.2B
2.2 yrs
$1.81B
31 Mar 2024
$33.0B
$15.1B
2.2 yrs
$1.91B
31 Dec 2023
$31.7B
$15.0B
2.1 yrs
$1.80B
Questions
What is Iqvia's backlog?
Iqvia reported $34.2B of remaining performance obligations at 30 Sep 2026, down 1% from a year earlier and down 6% from the previous quarter. That is 2.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.50.
How fast does Iqvia's backlog turn into revenue?
Over the last twelve months Iqvia recognised revenue equal to about 49% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.