Intuitive Surgical (ISRG) Net Margin (2009 - 2026)
Intuitive Surgical's Net Margin came in at 28.29% for Q2 2026, up 1.30 percentage points from 26.98% a year earlier but down 1.36 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 Jun 30, 2026, Intuitive Surgical reported Net Margin of 28.45%, down 0.07 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 five-year range for quarterly Net Margin is 19.63% (Q4 2022) to 31.44% (Q4 2023).
- Year-over-year, Net Margin increased in five of the last eight quarters, with an average year-over-year change of +0.43 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 29.65% (Q1 2026), 27.73% (Q4 2025) and 28.12% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 16.67% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 13.89% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 7.57% |
| 10 | Agilent Technologies | 49.34 Bn | 42.23 Bn | 1.04 Bn | 19.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 27.11% |
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();