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
DateValue
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