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
DateValue
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%