Intuitive Surgical (ISRG) Cost of Revenue (2009 - 2026)
Intuitive Surgical (ISRG) reported Cost of Revenue of $931.9 million for Q2 2026, up 13.4% from $822.1 million a year earlier but down 0.9% from the prior quarter.
Powered by 
Analysis
Intuitive Surgical (ISRG) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Intuitive Surgical's Cost of Revenue came in at $3.68 billion, up 20.4% year-over-year; for FY2025, it came in at $3.42 billion, up 25.9% from FY2024.
- Cost of Revenue has increased for 16 consecutive years, with a five-year compound annual growth rate of 18.0% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $2.72 billion in FY2024 (+13.5%), $2.39 billion in FY2023 (+18.2%), $2.03 billion in FY2022 (+15.7%) and $1.75 billion in FY2021 (+17.0%).
- Five-year quarterly Cost of Revenue spans a low of $431.9 million in Q3 2021 and a high of $961.9 million in Q4 2025.
- Year over year, Cost of Revenue has now increased in each of the last 40 quarters, with growth averaging 21.1% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 9.1% in Q2 2024 to 29.0% in Q2 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at $940.3 million (Q1 2026), $961.9 million (Q4 2025) and $842.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 7.11 Bn |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 5.33 Bn |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 2.65 Bn |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 931.90 Mn |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 3.42 Bn |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 2.09 Bn |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 1.59 Bn |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 2.67 Bn |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 392.40 Mn |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 836.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 931.90 Mn |
| Mar 31, 2026 | 940.30 Mn |
| Dec 31, 2025 | 961.90 Mn |
| Sep 30, 2025 | 842.70 Mn |
| Jun 30, 2025 | 822.10 Mn |
| Mar 31, 2025 | 795.70 Mn |
| Dec 31, 2024 | 771.30 Mn |
| Sep 30, 2024 | 664.20 Mn |
| Jun 30, 2024 | 637.20 Mn |
| Mar 31, 2024 | 645.20 Mn |
| Dec 31, 2023 | 650.90 Mn |
| Sep 30, 2023 | 576.50 Mn |
| Jun 30, 2023 | 584.00 Mn |
| Mar 31, 2023 | 583.20 Mn |
| Dec 31, 2022 | 544.10 Mn |
| Sep 30, 2022 | 505.30 Mn |
| Jun 30, 2022 | 498.80 Mn |
| Mar 31, 2022 | 478.00 Mn |
| Dec 31, 2021 | 489.90 Mn |
| Sep 30, 2021 | 431.90 Mn |
API Access
Intuitive Surgical Cost of Revenue 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=cost-of-revenue&ticker=ISRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ISRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ISRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();