Intuitive Surgical (ISRG) Operating Expenses (2009 - 2026)
Intuitive Surgical's quarterly Operating Expenses came in at $975.2 million in Q1 2026, up 10.87% year-on-year from $879.6 million in Q1 2025, and down 6.23% quarter-over-quarter from $1.0 billion in Q4 2025.
Intuitive Surgical has reported Operating Expenses for 18 years, with the latest figure at $975.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 10.87% year-over-year to $975.2 million; the trailing twelve-month figure through Mar 2026 stood at $3.8 billion (up 11.91% YoY), and the FY2025 full-year result was $3.7 billion, up 12.53% from the prior year.
- Operating Expenses for Q1 2026 stood at $975.2 million, down from $1.0 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.0 billion in Q4 2025, with the low at $601.6 million in Q1 2022.
- Average Operating Expenses over 5 years is $796.4 million, with a median of $796.6 million recorded in 2024.
- Year-over-year, Operating Expenses increased 23.84% in 2022 and gained 6.98% in 2024.
- Tracing ISRG's Operating Expenses over 5 years: stood at $738.4 million in 2022, then rose by 12.03% to $827.2 million in 2023, then grew by 9.68% to $907.3 million in 2024, then advanced by 14.63% to $1.0 billion in 2025, then retreated by 6.23% to $975.2 million in 2026.
- The last three Operating Expenses figures came in at $975.2 million (Q1 2026), $1.0 billion (Q4 2025), and $902.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 975.20 Mn |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 4.62 Bn |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 391.17 Mn |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 115.30 Mn |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 1.02 Bn |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 434.50 Mn |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 594.63 Mn |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 867.00 Mn |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 875.37 Mn |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 178.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 512.50 Mn |
| Mar 31, 2021 | 485.80 Mn |
| Dec 31, 2020 | 480.00 Mn |
| Sep 30, 2020 | 453.90 Mn |
| Jun 30, 2020 | 422.30 Mn |
| Mar 31, 2020 | 455.20 Mn |
| Dec 31, 2019 | 498.40 Mn |
| Sep 30, 2019 | 419.90 Mn |
| Jun 30, 2019 | 400.00 Mn |
| Mar 31, 2019 | 417.40 Mn |
| Dec 31, 2018 | 403.70 Mn |
| Sep 30, 2018 | 329.00 Mn |
| Jun 30, 2018 | 354.90 Mn |
| Mar 31, 2018 | 317.10 Mn |
| Dec 31, 2017 | 305.00 Mn |
| Sep 30, 2017 | 287.50 Mn |
| Jun 30, 2017 | 270.20 Mn |
| Mar 31, 2017 | 276.40 Mn |
| Dec 31, 2016 | 261.10 Mn |
| Sep 30, 2016 | 230.60 Mn |
| Jun 30, 2016 | 225.50 Mn |
| Mar 31, 2016 | 226.00 Mn |
| Dec 31, 2015 | 212.90 Mn |
| Sep 30, 2015 | 205.90 Mn |
| Jun 30, 2015 | 212.70 Mn |
| Mar 31, 2015 | 206.40 Mn |
| Dec 31, 2014 | 207.30 Mn |
| Sep 30, 2014 | 201.50 Mn |
| Jun 30, 2014 | 201.40 Mn |
| Mar 31, 2014 | 258.80 Mn |
| Dec 31, 2013 | 189.40 Mn |
| Sep 30, 2013 | 182.50 Mn |
| Jun 30, 2013 | 186.70 Mn |
| Mar 31, 2013 | 183.10 Mn |
| Dec 31, 2012 | 189.80 Mn |
| Sep 30, 2012 | 178.70 Mn |
| Jun 30, 2012 | 161.10 Mn |
| Mar 31, 2012 | 162.60 Mn |
| Dec 31, 2011 | 163.40 Mn |
| Sep 30, 2011 | 146.60 Mn |
| Jun 30, 2011 | 138.50 Mn |
| Mar 31, 2011 | 130.50 Mn |
| Dec 31, 2010 | 128.40 Mn |
| Sep 30, 2010 | 118.50 Mn |
| Jun 30, 2010 | 117.10 Mn |
| Mar 31, 2010 | 110.80 Mn |
| Dec 31, 2009 | 104.86 Mn |
| Sep 30, 2009 | 94.51 Mn |
| Jun 30, 2009 | 90.65 Mn |