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

Intuitive Surgical has reported Operating Margin for 18 years, with the latest figure at 33.6% in Q2 2026.

• On a quarterly basis, Operating Margin rose 314.0% year-over-year to 33.6% in Q2 2026; TTM through Jun 2026 was 31.28%, a 248.0% increase from a year earlier, with the FY2025 full-year figure at 29.27%, up 114.0% from the prior year.
• Operating Margin was 33.6% for Q2 2026 at Intuitive Surgical, 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.
• Average Operating Margin over 5 years is 27.44%, with a median of 27.07% recorded in 2022.
• The sharpest annual moves came in 2022 and 2024: Operating Margin sank 880 bps in 2022, then soared 710 bps in 2024.
• Over 5 years, Operating Margin 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 gained by 11 bps to 33.6% in 2026.
• The last three Operating Margin figures came in at 33.6% (Q2 2026), 30.87% (Q1 2026), and 30.15% (Q4 2025), per Business Quant data.