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
DateValue
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%