Intuitive Surgical (ISRG) Net Margin (2009 - 2026)
Intuitive Surgical (ISRG) posted quarterly Net Margin of 28.46% for Q2 2026, up 124.0% year-over-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.
- In Q2 2026, Net Margin rose 124.0% year-over-year to 28.46%; the TTM figure through Jun 2026 stood at 28.62% (down 10.0% YoY), while the FY2025 annual figure was 28.58%, up 59.0% from the prior year.
- Net Margin for Q2 2026 stood at 28.46%, 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.
- The 5-year median for Net Margin is 27.56% (2025), against an average of 26.26%.
- The sharpest annual moves came in 2022 and 2023: Net Margin sank 1512 bps in 2022, then soared 1133 bps in 2023.
- Intuitive Surgical's Net Margin stood at 20.34% in 2022, then jumped by 56 bps to 31.67% in 2023, then decreased by 10 bps to 28.51% in 2024, then dropped by 2 bps to 27.89% in 2025, then increased by 2 bps to 28.46% in 2026.
- Business Quant data shows ISRG's Net Margin at 28.46% in Q2 2026, 29.81% in Q1 2026, and 27.89% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 28.46% |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 7.59% |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | - |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 26.20% |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 1.81% |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 16.96% |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 4.21% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | -7.20% |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 4.26% |
| 10 | Align Technology | 11.37 Bn | 10.27 Bn | 757.43 Mn | 10.25% |
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% |