Intuitive Surgical (ISRG) Operating Expenses (2009 - 2026)

Intuitive Surgical (ISRG) recorded quarterly Operating Expenses of $975.2 million in Q1 2026, down 6.23% quarter-over-quarter from $1.0 billion in Q4 2025, and up 10.87% on a YoY basis from $879.6 million in Q1 2025.

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 $975.2 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 10.87% year-over-year to $975.2 million; the TTM figure through Mar 2026 stood at $3.8 billion (up 11.91% YoY), while the FY2025 annual figure was $3.7 billion, up 12.53% from the prior year.
  • Operating Expenses was $975.2 million for Q1 2026 at Intuitive Surgical, down from $1.0 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.0 billion in Q4 2025 to a low of $601.6 million in Q1 2022.
  • Historically, Operating Expenses has averaged $796.4 million across 5 years, with a median of $796.6 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses climbed 23.84% in 2022, then increased 6.98% in 2024.
  • A 5-year view of Operating Expenses shows it 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 fell 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 148.09 Bn 143.69 Bn 1.83 Bn 975.20 Mn
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 4.62 Bn
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 1.42 Bn
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 391.17 Mn
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 115.30 Mn
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 1.02 Bn
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 718.70 Mn
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 594.63 Mn
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 867.00 Mn
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 875.37 Mn

Historic Data

Download Data
DateValue
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