Intuitive Surgical (ISRG) Net Margin (2009 - 2026)
Intuitive Surgical's Net Margin came in at 17.15% for Q3 2026, down 10.97 percentage points from 28.12% a year earlier and down 11.14 percentage points from the prior quarter.
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Analysis
Intuitive Surgical (ISRG) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Intuitive Surgical reported Net Margin of 25.54%, down 3.04 percentage points year-over-year; for FY2025, it came in at 28.38%, up 0.57 percentage points from FY2024.
- Net Margin has increased in each of the last three years, with a five-year change of +4.04 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 27.81% in FY2024 (+2.57 pp), 25.24% in FY2023 (+3.99 pp), 21.25% in FY2022 (-8.60 pp) and 29.85% in FY2021 (+5.52 pp).
- The Q3 2026 figure represents the lowest quarterly Net Margin since Q2 2020.
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of -1.42 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q4 2023 (a gain of 11.81 percentage points), and the weakest in Q2 2022 (a drop of 15.11 percentage points).
- Business Quant data shows ISRG's Net Margin at 28.29% (Q2 2026), 29.65% (Q1 2026) and 27.73% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.13 Bn | 229.16 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 180.31 Bn | 150.74 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 162.34 Bn | 146.15 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 158.13 Bn | 138.42 Bn | 2.08 Bn | 17.15% |
| 5 | Medtronic | 122.37 Bn | 87.63 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 117.89 Bn | 104.00 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 67.15 Bn | 61.92 Bn | 3.85 Bn | 16.67% |
| 8 | Becton Dickinson | 54.68 Bn | 51.83 Bn | 2.32 Bn | 7.57% |
| 9 | Edwards Lifesciences | 51.43 Bn | 35.44 Bn | 1.35 Bn | 13.89% |
| 10 | Agilent Technologies | 48.84 Bn | 41.72 Bn | 1.04 Bn | 19.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.15% |
| Jun 30, 2026 | 28.29% |
| Mar 31, 2026 | 29.65% |
| Dec 31, 2025 | 27.73% |
| Sep 30, 2025 | 28.12% |
| Jun 30, 2025 | 26.98% |
| Mar 31, 2025 | 30.99% |
| Dec 31, 2024 | 28.41% |
| Sep 30, 2024 | 27.73% |
| Jun 30, 2024 | 26.22% |
| Mar 31, 2024 | 28.82% |
| Dec 31, 2023 | 31.44% |
| Sep 30, 2023 | 23.84% |
| Jun 30, 2023 | 23.96% |
| Mar 31, 2023 | 20.95% |
| Dec 31, 2022 | 19.63% |
| Sep 30, 2022 | 20.80% |
| Jun 30, 2022 | 20.22% |
| Mar 31, 2022 | 24.57% |
| Dec 31, 2021 | 24.54% |
API Access
Intuitive Surgical Net 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=net-margin&ticker=ISRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ISRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();