Edwards Lifesciences (EW) Gross Margin (2009 - 2026)

Edwards Lifesciences' (EW) quarterly Gross Margin came in at 78.01% in Q1 2026, down 65.0% year-on-year from 222.87% in Q1 2025, and little changed quarter-over-quarter from 78.15% in Q4 2025.

Edwards Lifesciences (EW) Gross Margin (2009 - 2026) Analysis & Trends

Edwards Lifesciences' Gross Margin history runs 18 years deep, the most recent figure standing at 78.01% for Q1 2026.

  • On a quarterly basis, Gross Margin fell 65.0% year-over-year to 78.01% in Q1 2026; TTM through Mar 2026 was 77.87%, a 163.0% decrease from a year earlier, with the FY2025 full-year figure at 78.01%, down 144.0% from the prior year.
  • Gross Margin held at 78.01% in Q1 2026 per EW's latest filing, from 78.15% in the prior quarter.
  • Across five years, Gross Margin topped out at 122.98% in Q4 2022 and bottomed at 77.52% in Q2 2025.
  • The 5-year median for Gross Margin is 79.85% (2023), against an average of 81.86%.
  • Across the five-year window, Gross Margin jumped 4626 bps in 2022 and tumbled 4280 bps in 2023, its largest moves.
  • Year by year, Gross Margin stood at 122.98% in 2022, then plunged by 35 bps to 80.18% in 2023, then fell by 2 bps to 78.91% in 2024, then retreated by 1 bps to 78.15% in 2025, then dropped by 0 bps to 78.01% in 2026.
  • Per Business Quant, the three latest EW Gross Margin figures stand at 78.01% (Q1 2026), 78.15% (Q4 2025), and 77.77% (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 78.01%
Dec 31, 2025 78.15%
Sep 30, 2025 77.77%
Jun 30, 2025 77.52%
Mar 31, 2025 78.65%
Dec 31, 2024 78.91%
Sep 30, 2024 80.59%
Jun 30, 2024 79.88%
Mar 31, 2024 78.43%
Dec 31, 2023 80.18%
Sep 30, 2023 79.85%
Jun 30, 2023 80.62%
Mar 31, 2023 81.25%
Dec 31, 2022 122.98%
Sep 30, 2022 80.76%
Jun 30, 2022 80.39%
Mar 31, 2022 77.68%
Dec 31, 2021 76.72%
Sep 30, 2021 76.21%
Jun 30, 2021 75.70%