Intuitive Surgical (ISRG) Operating Expenses (2009 - 2026)
Intuitive Surgical's (ISRG) quarterly Operating Expenses came in at $988.5 million in Q2 2026, up 13.04% year-on-year from $874.5 million in Q2 2025, and up 1.36% quarter-over-quarter from $975.2 million in Q1 2026.
Intuitive Surgical (ISRG) Operating Expenses (2009 - 2026) Analysis & Trends
Intuitive Surgical's Operating Expenses history runs 18 years deep, the most recent figure standing at $988.5 million for Q2 2026.
- On a quarterly basis, Operating Expenses rose 13.04% year-over-year to $988.5 million in Q2 2026; TTM through Jun 2026 was $3.9 billion, a 12.97% increase from a year earlier, with the FY2025 full-year figure at $3.7 billion, up 12.53% from the prior year.
- Operating Expenses rose to $988.5 million in Q2 2026 per ISRG's latest filing, from $975.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.0 billion in Q4 2025 and bottomed at $601.6 million in Q1 2022.
- The 5-year median for Operating Expenses is $801.0 million (2024), against an average of $807.1 million.
- Across the five-year window, Operating Expenses increased 23.84% in 2022 and gained 6.98% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $738.4 million in 2022, then increased by 12.03% to $827.2 million in 2023, then climbed by 9.68% to $907.3 million in 2024, then gained by 14.63% to $1.0 billion in 2025, then dropped by 4.95% to $988.5 million in 2026.
- Per Business Quant, the three latest ISRG Operating Expenses figures stand at $988.5 million (Q2 2026), $975.2 million (Q1 2026), and $1.0 billion (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | -1.13 Bn |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 988.50 Mn |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 4.62 Bn |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 1.42 Bn |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 391.17 Mn |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 137.30 Mn |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | 718.70 Mn |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 1.02 Bn |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 594.63 Mn |
| 10 | Baxter International | 11.17 Bn | 9.12 Bn | 891.00 Mn | 867.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 988.50 Mn |
| Mar 31, 2026 | 975.20 Mn |
| Dec 31, 2025 | 1.04 Bn |
| Sep 30, 2025 | 902.70 Mn |
| Jun 30, 2025 | 874.50 Mn |
| Mar 31, 2025 | 879.60 Mn |
| Dec 31, 2024 | 907.30 Mn |
| Sep 30, 2024 | 796.60 Mn |
| Jun 30, 2024 | 805.40 Mn |
| Mar 31, 2024 | 776.00 Mn |
| Dec 31, 2023 | 827.20 Mn |
| Sep 30, 2023 | 701.40 Mn |
| Jun 30, 2023 | 708.70 Mn |
| Mar 31, 2023 | 725.40 Mn |
| Dec 31, 2022 | 738.40 Mn |
| Sep 30, 2022 | 653.20 Mn |
| Jun 30, 2022 | 625.70 Mn |
| Mar 31, 2022 | 601.60 Mn |
| Dec 31, 2021 | 610.40 Mn |
| Sep 30, 2021 | 528.80 Mn |