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

Intuitive Surgical's Operating Margin history runs 18 years deep, the most recent figure standing at 30.87% for Q1 2026.

• In Q1 2026, Operating Margin rose 521.0% year-over-year to 30.87%; the TTM figure through Mar 2026 stood at 30.45% (up 225.0% YoY), while the FY2025 annual figure was 29.27%, up 114.0% from the prior year.
• Operating Margin was 30.87% for Q1 2026 at Intuitive Surgical, up from 30.15% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 30.87% in Q1 2026 to a low of 22.51% in Q4 2022.
• Historically, Operating Margin has averaged 27.07% across 5 years, with a median of 26.71% in 2023.
• The sharpest annual moves came in 2022 and 2024: Operating Margin slumped 880 bps in 2022, then surged 710 bps in 2024.
• A 5-year view of Operating Margin shows it stood at 22.51% in 2022, then increased by 4 bps to 23.35% in 2023, then surged by 30 bps to 30.45% in 2024, then dropped by 1 bps to 30.15% in 2025, then grew 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.