Edwards Lifesciences (EW) Operating Margin (2009 - 2026)
Edwards Lifesciences (EW) posted Operating Margin of 17.44% for Q3 2026, down 2.34 percentage points from 19.77% a year earlier and down 12.04 percentage points from the prior quarter.
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Analysis
Edwards Lifesciences (EW) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Margin at Edwards Lifesciences was 21.59%, down 2.64 percentage points year-over-year; for FY2025, it came in at 20.84%, down 4.51 percentage points from FY2024.
- Annual Operating Margin has declined for three consecutive years, though with a five-year change of +0.37 percentage points (FY2020 to FY2025).
- In prior years, Edwards Lifesciences' Operating Margin was 25.35% in FY2024 (-0.78 pp), 26.13% in FY2023 (-7.44 pp), 33.57% in FY2022 (+1.26 pp) and 32.30% in FY2021 (+11.84 pp).
- Quarterly Operating Margin has run from a low of 9.63% in Q4 2025 to a high of 45.99% in Q4 2022 over five years.
- On a year-over-year basis, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of -2.60 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2022, with a gain of 17.83 percentage points; the weakest was Q4 2023, with a drop of 18.60 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 29.48% (Q2 2026), 28.97% (Q1 2026) and 9.63% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 18.65% |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 10.44% |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 19.00% |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 19.44% |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 15.86% |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 16.12% |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 17.44% |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 13.31% |
| 10 | Agilent Technologies | 50.16 Bn | 43.05 Bn | 1.04 Bn | 23.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.44% |
| Jun 30, 2026 | 29.48% |
| Mar 31, 2026 | 28.97% |
| Dec 31, 2025 | 9.63% |
| Sep 30, 2025 | 19.77% |
| Jun 30, 2025 | 26.84% |
| Mar 31, 2025 | 27.95% |
| Dec 31, 2024 | 22.56% |
| Sep 30, 2024 | 25.89% |
| Jun 30, 2024 | 26.76% |
| Mar 31, 2024 | 26.24% |
| Dec 31, 2023 | 27.38% |
| Sep 30, 2023 | 29.43% |
| Jun 30, 2023 | 20.60% |
| Mar 31, 2023 | 31.80% |
| Dec 31, 2022 | 45.99% |
| Sep 30, 2022 | 30.51% |
| Jun 30, 2022 | 33.44% |
| Mar 31, 2022 | 32.72% |
| Dec 31, 2021 | 28.16% |
API Access
Edwards Lifesciences Operating 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=operating-margin&ticker=EW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "EW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=EW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();