Edwards Lifesciences (EW) Operating Margin (2009 - 2026)
Edwards Lifesciences (EW) posted Operating Margin of 29.48% for Q2 2026, up 2.64 percentage points from 26.84% a year earlier and up 0.51 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 Jun 30, 2026, Operating Margin at Edwards Lifesciences was 22.25%, down 3.59 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).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q1 2023.
- On a year-over-year basis, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of -2.75 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 28.97% (Q1 2026), 9.63% (Q4 2025) and 19.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 33.60% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 21.65% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 13.31% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 29.48% |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 23.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 29.79% |
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();