Growth Metrics

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

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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
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