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