Intuitive Surgical (ISRG) Gross Margin (2009 - 2026)
Intuitive Surgical (ISRG) reported Gross Margin of 68.37% for Q3 2026, up 2.01 percentage points from 66.36% a year earlier and up 0.59 percentage points from the prior quarter.
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Analysis
Intuitive Surgical (ISRG) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Intuitive Surgical's Gross Margin came in at 67.19%, up 0.81 percentage points year-over-year; for FY2025, it was 66.00%, down 1.46 percentage points from FY2024.
- Gross Margin has a five-year change of +0.35 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 67.46% in FY2024 (+1.07 pp), 66.39% in FY2023 (-1.05 pp), 67.44% in FY2022 (-1.89 pp) and 69.32% in FY2021 (+3.68 pp).
- The Q3 2026 figure ranks as the highest quarterly Gross Margin since Q4 2021.
- Year over year, Gross Margin has now increased in each of the last three quarters, with an average year-over-year change of +0.10 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2026 (a gain of 2.01 percentage points); the low point was Q2 2022 (a drop of 2.70 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 67.78% (Q2 2026), 66.06% (Q1 2026) and 66.44% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 267.71 Bn | 244.23 Bn | 5.13 Bn | 42.28% |
| 2 | Abbott Laboratories | 191.69 Bn | 165.56 Bn | 7.39 Bn | 56.75% |
| 3 | Danaher | 166.18 Bn | 145.83 Bn | 3.84 Bn | 58.54% |
| 4 | Intuitive Surgical | 161.07 Bn | 141.36 Bn | 2.08 Bn | 68.37% |
| 5 | Medtronic | 131.65 Bn | 96.90 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 125.25 Bn | 111.44 Bn | 4.25 Bn | 65.15% |
| 7 | Boston Scientific | 63.85 Bn | 59.29 Bn | 3.43 Bn | 66.72% |
| 8 | Edwards Lifesciences | 60.52 Bn | 43.72 Bn | 1.35 Bn | 78.48% |
| 9 | Becton Dickinson | 59.08 Bn | 56.23 Bn | 2.32 Bn | 46.46% |
| 10 | Agilent Technologies | 50.79 Bn | 43.67 Bn | 1.04 Bn | 55.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 68.37% |
| Jun 30, 2026 | 67.78% |
| Mar 31, 2026 | 66.06% |
| Dec 31, 2025 | 66.44% |
| Sep 30, 2025 | 66.36% |
| Jun 30, 2025 | 66.31% |
| Mar 31, 2025 | 64.69% |
| Dec 31, 2024 | 68.04% |
| Sep 30, 2024 | 67.41% |
| Jun 30, 2024 | 68.30% |
| Mar 31, 2024 | 65.87% |
| Dec 31, 2023 | 66.24% |
| Sep 30, 2023 | 66.94% |
| Jun 30, 2023 | 66.74% |
| Mar 31, 2023 | 65.62% |
| Dec 31, 2022 | 67.12% |
| Sep 30, 2022 | 67.55% |
| Jun 30, 2022 | 67.23% |
| Mar 31, 2022 | 67.87% |
| Dec 31, 2021 | 68.41% |
API Access
Intuitive Surgical Gross 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=gross-margin&ticker=ISRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=ISRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();