Intuitive Surgical (ISRG) Net Margin (2009 - 2026)
Intuitive Surgical's (ISRG) quarterly Net Margin came in at 28.46% in Q2 2026, up 124.0% year-on-year from 12.71% in Q2 2025, and down 4.53% quarter-over-quarter from 29.81% in Q1 2026.
Intuitive Surgical (ISRG) Net Margin (2009 - 2026) Analysis & Trends
Intuitive Surgical's Net Margin history runs 18 years deep, the most recent figure standing at 28.46% for Q2 2026.
- On a quarterly basis, Net Margin rose 124.0% year-over-year to 28.46% in Q2 2026; TTM through Jun 2026 was 28.62%, a 10.0% decrease from a year earlier, with the FY2025 full-year figure at 28.58%, up 59.0% from the prior year.
- Net Margin slipped to 28.46% in Q2 2026 per ISRG's latest filing, from 29.81% in the prior quarter.
- Across five years, Net Margin topped out at 31.67% in Q4 2023 and bottomed at 20.34% in Q4 2022.
- The 5-year median for Net Margin is 27.56% (2025), against an average of 26.26%.
- Across the five-year window, Net Margin slumped 1512 bps in 2022 and soared 1133 bps in 2023, its largest moves.
- Year by year, Net Margin stood at 20.34% in 2022, then surged by 56 bps to 31.67% in 2023, then slipped by 10 bps to 28.51% in 2024, then declined by 2 bps to 27.89% in 2025, then rose by 2 bps to 28.46% in 2026.
- Per Business Quant, the three latest ISRG Net Margin figures stand at 28.46% (Q2 2026), 29.81% (Q1 2026), and 27.89% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | 824.28% |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 28.46% |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | -5.81% |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 3.25% |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 27.86% |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 16.96% |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | -7.20% |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 0.65% |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 10.84% |
| 10 | Baxter International | 11.17 Bn | 9.12 Bn | 891.00 Mn | 0.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.46% |
| Mar 31, 2026 | 29.81% |
| Dec 31, 2025 | 27.89% |
| Sep 30, 2025 | 28.31% |
| Jun 30, 2025 | 27.22% |
| Mar 31, 2025 | 31.23% |
| Dec 31, 2024 | 28.51% |
| Sep 30, 2024 | 28.00% |
| Jun 30, 2024 | 26.44% |
| Mar 31, 2024 | 28.95% |
| Dec 31, 2023 | 31.67% |
| Sep 30, 2023 | 24.08% |
| Jun 30, 2023 | 24.26% |
| Mar 31, 2023 | 21.27% |
| Dec 31, 2022 | 20.34% |
| Sep 30, 2022 | 20.85% |
| Jun 30, 2022 | 20.60% |
| Mar 31, 2022 | 24.83% |
| Dec 31, 2021 | 24.68% |
| Sep 30, 2021 | 27.59% |