Dexcom (DXCM) Gross Margin (2010 - 2026)
Dexcom's Gross Margin came in at 63.44% for Q2 2026, up 3.91 percentage points from 59.53% a year earlier and up 0.49 percentage points from the prior quarter.
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Analysis
Dexcom (DXCM) Gross Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Dexcom reported Gross Margin of 62.47%, up 3.71 percentage points year-over-year; for FY2025, it came in at 60.10%, down 0.36 percentage points from FY2024.
- Gross Margin has declined in each of the last four years, with a five-year change of -6.34 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 60.46% in FY2024 (-2.73 pp), 63.19% in FY2023 (-1.53 pp), 64.72% in FY2022 (-3.92 pp) and 68.63% in FY2021 (+2.19 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q4 2023.
- Year-over-year, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of -0.13 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2026 (a gain of 6.10 percentage points), and the weakest in Q2 2022 (a drop of 5.52 percentage points).
- Business Quant data shows DXCM's Gross Margin at 62.95% (Q1 2026), 62.93% (Q4 2025) and 60.48% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 70.71% |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 77.46% |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 46.46% |
| 10 | Dexcom | 32.57 Bn | 22.88 Bn | 830.00 Mn | 63.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 63.44% |
| 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% |
API Access
Dexcom Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=DXCM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "DXCM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=DXCM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();