Intuitive Surgical (ISRG) Net Margin (2009 - 2026)
Intuitive Surgical (ISRG) posted Net Margin of 28.46% for Q2 2026, down 4.53% on a QoQ basis from 29.81% in Q1 2026, and up 124.0% year-over-year from 12.71% in Q2 2025.
Analysis
Intuitive Surgical (ISRG) Net Margin (2009 - 2026) Analysis & Trends
Intuitive Surgical has reported Net Margin for 18 years, with the latest figure at 28.46% in 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 was 28.46% for Q2 2026 at Intuitive Surgical, down from 29.81% in the prior quarter.
- The five-year high for Net Margin was 31.67% in Q4 2023, with the low at 20.34% in Q4 2022.
- Average Net Margin over 5 years is 26.26%, with a median of 27.56% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin sank 1512 bps in 2022, then surged 1133 bps in 2023.
- Over 5 years, Net Margin stood at 20.34% in 2022, then soared by 56 bps to 31.67% in 2023, then dropped by 10 bps to 28.51% in 2024, then fell by 2 bps to 27.89% in 2025, then grew by 2 bps to 28.46% in 2026.
- The last three Net Margin figures came in at 28.46% (Q2 2026), 29.81% (Q1 2026), and 27.89% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 187.42 Bn | 182.47 Bn | 7.27 Bn | 7.37% |
| 2 | Intuitive Surgical | 129.78 Bn | 124.69 Bn | 1.96 Bn | 28.46% |
| 3 | Medtronic | 120.53 Bn | 112.33 Bn | 6.34 Bn | 15.17% |
| 4 | Stryker | 116.28 Bn | 112.80 Bn | 4.50 Bn | 19.37% |
| 5 | Boston Scientific | 69.29 Bn | 68.99 Bn | 3.85 Bn | 16.67% |
| 6 | Edwards Lifesciences | 51.83 Bn | 47.68 Bn | 1.35 Bn | 13.87% |
| 7 | Alcon | 34.36 Bn | 32.91 Bn | 1.68 Bn | - |
| 8 | Dexcom | 33.17 Bn | 31.23 Bn | 830.00 Mn | 19.04% |
| 9 | Steris | 21.90 Bn | 21.43 Bn | 684.20 Mn | 13.47% |
| 10 | Zimmer Biomet Holdings | 18.70 Bn | 18.30 Bn | 1.54 Bn | 9.17% |
Historic Data
Download Data
Historic 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% |