Dexcom (DXCM) Gross Margin (2010 - 2026)
Dexcom's (DXCM) quarterly Gross Margin came in at 62.95% in Q1 2026, up 610.0% year-on-year from 8.87% in Q1 2025, and little changed on a QoQ basis from 62.93% in Q4 2025.
Dexcom (DXCM) Gross Margin (2010 - 2026) Analysis & Trends
Dexcom (DXCM) has 17 years of Gross Margin data on file, last reported at 62.95% in Q1 2026.
- On a quarterly basis, Gross Margin rose 610.0% year-over-year to 62.95% in Q1 2026; TTM through Mar 2026 was 61.5%, a 207.0% increase from a year earlier, with the FY2025 full-year figure at 60.1%, down 36.0% from the prior year.
- Gross Margin for Q1 2026 stood at 62.95%, roughly flat from 62.93% in the prior quarter.
- Over the last five years, Gross Margin for DXCM reached as high as 66.4% in Q4 2022 and fell as low as 56.85% in Q1 2025.
- Historically, Gross Margin has averaged 62.1% across 5 years, with a median of 62.71% in 2023.
- Across the five-year window, Gross Margin tumbled 552 bps in 2022 and surged 610 bps in 2026, its largest moves.
- Year by year, Gross Margin stood at 66.4% in 2022, then decreased by 4 bps to 63.47% in 2023, then dropped by 7 bps to 58.9% in 2024, then climbed by 7 bps to 62.93% in 2025, then rose by 0 bps to 62.95% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 62.95% in Q1 2026, 62.93% in Q4 2025, and 60.48% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 78.01% |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 62.95% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 45.22% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 38.53% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 43.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 62.95% |
| Dec 31, 2025 | 62.93% |
| Sep 30, 2025 | 60.48% |
| Jun 30, 2025 | 59.53% |
| Mar 31, 2025 | 56.85% |
| Dec 31, 2024 | 58.90% |
| Sep 30, 2024 | 59.73% |
| Jun 30, 2024 | 62.40% |
| Mar 31, 2024 | 61.01% |
| Dec 31, 2023 | 63.47% |
| Sep 30, 2023 | 63.93% |
| Jun 30, 2023 | 62.71% |
| Mar 31, 2023 | 62.39% |
| Dec 31, 2022 | 66.40% |
| Sep 30, 2022 | 64.22% |
| Jun 30, 2022 | 64.56% |
| Mar 31, 2022 | 63.31% |
| Dec 31, 2021 | 67.69% |
| Sep 30, 2021 | 68.73% |
| Jun 30, 2021 | 70.09% |