Below are the financial statements of Medpace Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue, net | 2,109.05a | 1,885.84a | 1,460a |
| Operating expenses | — | — | — |
| Direct service costs, excluding depreciation and amortization | -682.1a | -638.25a | -534.89a |
| Reimbursed out-of-pocket expenses | -770.65a | -723.09a | -492.67a |
| Total direct costs | -1,452.75a | -1,361.34a | -1,027.56a |
| Selling, general and administrative | -180.18a | -161.35a | -131.4a |
| Depreciation | -27.81a | -24.13a | -18.99a |
| Amortization | -1.44a | -2.2a | -3.35a |
| Total operating expenses | -1,662.18a | -1,549.02a | -1,181.3a |
| Income from operations | 446.87a | 336.83a | 278.7a |
| Other income (expense), net | — | — | — |
| Miscellaneous income (expense), net | 4.06a | -0.66a | 7.07a |
| Interest income (expense), net | 25a | -0.49a | -2.91a |
| Total other income (expense), net | 29.05a | -1.14a | 4.16a |
| Income before income taxes | 475.92a | 335.68a | 282.86a |
| Income tax provision | -71.54a | -52.87a | -37.49a |
| Net income | 404.39a | 282.81a | 245.37a |
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