Edwards Lifesciences (EW) Operating Expenses (2009 - 2026)

Edwards Lifesciences' (EW) quarterly Operating Expenses came in at $785.5 million in Q1 2026, up 8.42% year-on-year from $724.5 million in Q1 2025, and down 27.21% quarter-over-quarter from $1.1 billion in Q4 2025.

Edwards Lifesciences (EW) Operating Expenses (2009 - 2026) Analysis & Trends

Edwards Lifesciences' Operating Expenses history runs 18 years deep, the most recent figure standing at $785.5 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 8.42% year-over-year to $785.5 million in Q1 2026; TTM through Mar 2026 was $3.5 billion, a 20.9% increase from a year earlier, with the FY2025 full-year figure at $3.5 billion, up 21.06% from the prior year.
  • Operating Expenses retreated to $785.5 million in Q1 2026 per EW's latest filing, from $1.1 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.1 billion in Q4 2025 and bottomed at $381.5 million in Q4 2022.
  • The 5-year median for Operating Expenses is $719.3 million (2024), against an average of $720.5 million.
  • Across the five-year window, Operating Expenses tumbled 42.54% in 2022 and soared 75.26% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $381.5 million in 2022, then surged by 75.26% to $668.6 million in 2023, then gained by 15.24% to $770.5 million in 2024, then surged by 40.06% to $1.1 billion in 2025, then decreased by 27.21% to $785.5 million in 2026.
  • Per Business Quant, the three latest EW Operating Expenses figures stand at $785.5 million (Q1 2026), $1.1 billion (Q4 2025), and $885.7 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 9.82 Bn
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 2.87 Bn
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn 3.59 Bn
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn 2.51 Bn
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn 785.50 Mn
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn 495.00 Mn
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn -668.50 Mn
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 1.46 Bn
9 Smith & Nephew 25.80 Bn 25.22 Bn - -47.00 Mn
10 Steris 20.59 Bn 20.16 Bn 697.10 Mn 380.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 785.50 Mn
Dec 31, 2025 1.08 Bn
Sep 30, 2025 885.70 Mn
Jun 30, 2025 782.40 Mn
Mar 31, 2025 724.50 Mn
Dec 31, 2024 770.50 Mn
Sep 30, 2024 707.70 Mn
Jun 30, 2024 719.30 Mn
Mar 31, 2024 694.00 Mn
Dec 31, 2023 668.60 Mn
Sep 30, 2023 626.90 Mn
Jun 30, 2023 802.00 Mn
Mar 31, 2023 741.00 Mn
Dec 31, 2022 381.50 Mn
Sep 30, 2022 608.50 Mn
Jun 30, 2022 665.90 Mn
Mar 31, 2022 606.00 Mn
Dec 31, 2021 663.90 Mn
Sep 30, 2021 607.10 Mn
Jun 30, 2021 602.20 Mn