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| Date | Value |
|---|---|
| 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% |