Intuitive Surgical (ISRG) Operating Margin (2009 - 2026)
Intuitive Surgical's quarterly Operating Margin came in at 30.87% in Q1 2026, up 521.0% year-on-year from 4.97% in Q1 2025, and up 2.37% quarter-over-quarter from 30.15% in Q4 2025.
Intuitive Surgical has reported Operating Margin for 18 years, with the latest figure at 30.87% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 521.0% year-over-year to 30.87%; the trailing twelve-month figure through Mar 2026 stood at 30.45% (up 225.0% YoY), and the FY2025 full-year result was 29.27%, up 114.0% from the prior year.
- Operating Margin for Q1 2026 stood at 30.87%, up from 30.15% in the prior quarter.
- The five-year high for Operating Margin was 30.87% in Q1 2026, with the low at 22.51% in Q4 2022.
- Average Operating Margin over 5 years is 27.07%, with a median of 26.71% recorded in 2023.
- Year-over-year, Operating Margin slumped 880 bps in 2022 and jumped 710 bps in 2024.
- Tracing ISRG's Operating Margin over 5 years: stood at 22.51% in 2022, then rose by 4 bps to 23.35% in 2023, then soared by 30 bps to 30.45% in 2024, then declined by 1 bps to 30.15% in 2025, then increased by 2 bps to 30.87% in 2026.
- The last three Operating Margin figures came in at 30.87% (Q1 2026), 30.15% (Q4 2025), and 30.33% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 30.87% |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 1.97% |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 34.92% |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 20.96% |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 4.04% |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 20.78% |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 13.65% |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 2.44% |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 10.94% |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 8.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 34.92% |
| Mar 31, 2021 | 32.26% |
| Dec 31, 2020 | 31.28% |
| Sep 30, 2020 | 25.09% |
| Jun 30, 2020 | 9.46% |
| Mar 31, 2020 | 25.74% |
| Dec 31, 2019 | 31.12% |
| Sep 30, 2019 | 32.41% |
| Jun 30, 2019 | 32.67% |
| Mar 31, 2019 | 25.90% |
| Dec 31, 2018 | 31.72% |
| Sep 30, 2018 | 34.02% |
| Jun 30, 2018 | 30.51% |
| Mar 31, 2018 | 32.65% |
| Dec 31, 2017 | 36.88% |
| Sep 30, 2017 | 34.74% |
| Jun 30, 2017 | 34.25% |
| Mar 31, 2017 | 28.46% |
| Dec 31, 2016 | 35.53% |
| Sep 30, 2016 | 37.55% |
| Jun 30, 2016 | 36.62% |
| Mar 31, 2016 | 30.11% |
| Dec 31, 2015 | 36.35% |
| Sep 30, 2015 | 32.20% |
| Jun 30, 2015 | 29.65% |
| Mar 31, 2015 | 24.51% |
| Dec 31, 2014 | 30.78% |
| Sep 30, 2014 | 28.92% |
| Jun 30, 2014 | 27.92% |
| Mar 31, 2014 | 12.18% |
| Dec 31, 2013 | 36.20% |
| Sep 30, 2013 | 34.91% |
| Jun 30, 2013 | 37.77% |
| Mar 31, 2013 | 41.09% |
| Dec 31, 2012 | 40.72% |
| Sep 30, 2012 | 39.31% |
| Jun 30, 2012 | 41.99% |
| Mar 31, 2012 | 39.03% |
| Dec 31, 2011 | 40.16% |
| Sep 30, 2011 | 40.05% |
| Jun 30, 2011 | 39.49% |
| Mar 31, 2011 | 38.21% |
| Dec 31, 2010 | -51.68% |
| Sep 30, 2010 | 38.36% |
| Jun 30, 2010 | 39.83% |
| Mar 31, 2010 | 39.47% |
| Dec 31, 2009 | -23.05% |
| Sep 30, 2009 | 238.28% |
| Jun 30, 2009 | 38.19% |