Intuitive Surgical (ISRG) Operating Expenses (2009 - 2026)
Intuitive Surgical (ISRG) posted Operating Expenses of $988.5 million for Q2 2026, up 1.36% on a QoQ basis from $975.2 million in Q1 2026, and up 13.04% year-over-year from $874.5 million in Q2 2025.
Analysis
Intuitive Surgical (ISRG) Operating Expenses (2009 - 2026) Analysis & Trends
Intuitive Surgical has reported Operating Expenses for 18 years, with the latest figure at $988.5 million in 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 was $988.5 million for Q2 2026 at Intuitive Surgical, up from $975.2 million 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 $807.1 million, with a median of $801.0 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses grew 23.84% in 2022, then rose 6.98% in 2024.
- Over 5 years, Operating Expenses 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 declined by 4.95% to $988.5 million in 2026.
- The last three Operating Expenses figures came in at $988.5 million (Q2 2026), $975.2 million (Q1 2026), and $1.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 187.42 Bn | 182.47 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Intuitive Surgical | 129.78 Bn | 124.69 Bn | 1.96 Bn | 988.50 Mn |
| 3 | Medtronic | 120.53 Bn | 112.33 Bn | 6.34 Bn | 3.97 Bn |
| 4 | Stryker | 116.28 Bn | 112.80 Bn | 4.50 Bn | 2.84 Bn |
| 5 | Boston Scientific | 69.29 Bn | 68.99 Bn | 3.85 Bn | 2.67 Bn |
| 6 | Edwards Lifesciences | 51.83 Bn | 47.68 Bn | 1.35 Bn | 846.40 Mn |
| 7 | Alcon | 34.36 Bn | 32.91 Bn | 1.68 Bn | -1.63 Bn |
| 8 | Dexcom | 33.17 Bn | 31.23 Bn | 830.00 Mn | 511.70 Mn |
| 9 | Steris | 21.90 Bn | 21.43 Bn | 684.20 Mn | 398.30 Mn |
| 10 | Zimmer Biomet Holdings | 18.70 Bn | 18.30 Bn | 1.54 Bn | 1.85 Bn |
Historic Data
Download Data
Historic 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 |