Intuitive Surgical (ISRG) Operating Margin (2009 - 2026)
Intuitive Surgical (ISRG) posted quarterly Operating Margin of 33.6% for Q2 2026, up 314.0% year-over-year from 8.12% in Q2 2025, and up 8.86% quarter-over-quarter from 30.87% in Q1 2026.
Intuitive Surgical (ISRG) Operating Margin (2009 - 2026) Analysis & Trends
Intuitive Surgical's Operating Margin history runs 18 years deep, the most recent figure standing at 33.6% for Q2 2026.
- In Q2 2026, Operating Margin rose 314.0% year-over-year to 33.6%; the TTM figure through Jun 2026 stood at 31.28% (up 248.0% YoY), while the FY2025 annual figure was 29.27%, up 114.0% from the prior year.
- Operating Margin for Q2 2026 stood at 33.6%, up from 30.87% in the prior quarter.
- The five-year high for Operating Margin was 33.6% in Q2 2026, with the low at 22.51% in Q4 2022.
- The 5-year median for Operating Margin is 27.07% (2022), against an average of 27.44%.
- The sharpest annual moves came in 2022 and 2024: Operating Margin sank 880 bps in 2022, then jumped 710 bps in 2024.
- Intuitive Surgical's Operating Margin stood at 22.51% in 2022, then grew by 4 bps to 23.35% in 2023, then jumped by 30 bps to 30.45% in 2024, then slipped by 1 bps to 30.15% in 2025, then increased by 11 bps to 33.6% in 2026.
- Business Quant data shows ISRG's Operating Margin at 33.6% in Q2 2026, 30.87% in Q1 2026, and 30.15% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 33.60% |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 13.31% |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | 0.39% |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 30.66% |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 5.14% |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 20.53% |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 8.19% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | -2.87% |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 7.33% |
| 10 | Align Technology | 11.37 Bn | 10.27 Bn | 757.43 Mn | 14.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 33.60% |
| Mar 31, 2026 | 30.87% |
| Dec 31, 2025 | 30.15% |
| Sep 30, 2025 | 30.33% |
| Jun 30, 2025 | 30.47% |
| Mar 31, 2025 | 25.65% |
| Dec 31, 2024 | 30.45% |
| Sep 30, 2024 | 28.33% |
| Jun 30, 2024 | 28.23% |
| Mar 31, 2024 | 24.83% |
| Dec 31, 2023 | 23.35% |
| Sep 30, 2023 | 26.71% |
| Jun 30, 2023 | 26.38% |
| Mar 31, 2023 | 22.85% |
| Dec 31, 2022 | 22.51% |
| Sep 30, 2022 | 25.61% |
| Jun 30, 2022 | 26.12% |
| Mar 31, 2022 | 27.43% |
| Dec 31, 2021 | 29.04% |
| Sep 30, 2021 | 31.54% |