Dexcom (DXCM) Gross Margin (2010 - 2026)
Dexcom (DXCM) reported Gross Margin of 62.95% for Q1 2026, up 610.0% year-over-year from 8.87% in Q1 2025, and little changed quarter-over-quarter 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.
- Gross Margin for Q1 2026 came in at 62.95%, up 610.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 61.5% (up 207.0% YoY), and the FY2025 annual result was 60.1%, down 36.0% from the prior year.
- Gross Margin was little changed at 62.95% in Q1 2026 per DXCM's latest filing, from 62.93% in the prior quarter.
- Over five years, Gross Margin peaked at 66.4% in Q4 2022 and troughed at 56.85% in Q1 2025.
- A 5-year average of 62.1% and a median of 62.71% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2026: Gross Margin sank 552 bps in 2022, then jumped 610 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 66.4% in 2022, then declined by 4 bps to 63.47% in 2023, then retreated by 7 bps to 58.9% in 2024, then rose by 7 bps to 62.93% in 2025, then climbed by 0 bps to 62.95% in 2026.
- Business Quant data shows DXCM's Gross Margin at 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 | 154.42 Bn | 147.76 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 43.89% |
| 10 | Zimmer Biomet Holdings | 17.18 Bn | 16.77 Bn | 1.51 Bn | 72.39% |
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% |