INTUITIVE SURGICAL INC (ISRG)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Total Revenue2,505,100,000$2,440,000,000$2,253,400,000$2,413,500,000$2,038,100,000$2,009,900,000$1,890,600,000$1,928,300,000$1,743,700,000$1,755,900,000$1,696,200,000$1,655,000,000$1,557,400,000$1,522,100,000$1,487,700,000$1,550,700,000$1,403,300,000$1,464,000,000$1,292,100,000$1,329,100,000$1,077,700,000$852,100,000$1,099,500,000$1,277,700,000$1,128,200,000$1,098,900,000$973,700,000$1,046,500,000$920,900,000$909,300,000$847,500,000$892,400,000$807,800,000$758,800,000$679,600,000$756,900,000$682,900,000$670,100,000$594,500,000$676,500,000$589,700,000$586,100,000$532,100,000$604,700,000$550,100,000$512,200,000$464,700,000$576,200,000$
QoQ%2.67%8.28%(6.63%)18.42%1.40%6.31%(1.96%)10.59%(.70%)3.52%2.49%6.27%2.32%2.31%(4.06%)10.50%(4.15%)13.30%(2.78%)23.33%26.48%(22.50%)(13.95%)13.25%2.67%12.86%(6.96%)13.64%1.28%7.29%(5.03%)10.47%6.46%11.65%(10.21%)10.84%1.91%12.72%(12.12%)14.72%.61%10.15%(12.01%)9.93%7.40%10.22%(19.35%)15.47%
YoY%22.91%21.40%19.19%25.16%16.88%14.47%11.46%16.51%11.96%15.36%14.02%6.73%10.98%3.97%15.14%16.67%30.21%71.81%17.52%4.02%(4.48%)(22.46%)12.92%22.09%22.51%20.85%14.89%17.27%14.00%19.83%24.71%17.90%18.29%13.24%14.32%11.89%15.81%14.33%11.73%11.87%7.20%14.43%14.50%4.95%10.24%(11.46%)(23.99%)(5.43%)
Cost Of Revenue842,700,000$822,100,000$795,700,000$771,300,000$664,200,000$637,200,000$645,200,000$650,900,000$576,500,000$584,000,000$583,200,000$544,100,000$505,300,000$498,800,000$478,000,000$489,900,000$431,900,000$440,300,000$389,500,000$433,300,000$353,400,000$349,200,000$361,300,000$381,700,000$342,600,000$339,900,000$304,100,000$310,800,000$278,600,000$277,000,000$253,700,000$259,100,000$239,300,000$228,700,000$209,800,000$229,700,000$195,900,000$199,200,000$189,500,000$217,700,000$193,900,000$199,600,000$195,300,000$211,300,000$189,500,000$167,800,000$149,300,000$178,200,000$
Gross Profit1,662,400,000$1,617,900,000$1,457,700,000$1,642,200,000$1,373,900,000$1,372,700,000$1,245,400,000$1,277,400,000$1,167,200,000$1,171,900,000$1,113,000,000$1,110,900,000$1,052,100,000$1,023,300,000$1,009,700,000$1,060,800,000$971,400,000$1,023,700,000$902,600,000$895,800,000$724,300,000$502,900,000$738,200,000$896,000,000$785,600,000$759,000,000$669,600,000$735,700,000$642,300,000$632,300,000$593,800,000$634,000,000$568,100,000$530,100,000$469,800,000$527,200,000$487,000,000$470,900,000$405,000,000$458,800,000$395,800,000$386,500,000$336,800,000$393,400,000$360,600,000$344,400,000$315,400,000$398,000,000$
Gross Margin66.36%66.31%64.69%68.04%67.41%68.30%65.87%66.25%66.94%66.74%65.62%67.12%67.56%67.23%67.87%68.41%69.22%69.93%69.86%67.40%67.21%59.02%67.14%70.13%69.63%69.07%68.77%70.30%69.75%69.54%70.07%71.04%70.33%69.86%69.13%69.65%71.31%70.27%68.12%67.82%67.12%65.94%63.30%65.06%65.55%67.24%67.87%69.07%
Operating Expenses902,700,000$874,500,000$879,600,000$907,300,000$796,600,000$805,400,000$776,000,000$827,200,000$701,400,000$708,700,000$725,400,000$738,400,000$653,200,000$625,700,000$601,600,000$610,400,000$528,800,000$512,500,000$485,800,000$480,000,000$453,900,000$422,300,000$455,200,000$498,400,000$419,900,000$400,000,000$417,400,000$403,700,000$329,000,000$354,900,000$317,100,000$305,000,000$287,500,000$270,200,000$276,400,000$261,100,000$230,600,000$225,500,000$226,000,000$212,900,000$205,900,000$212,700,000$206,400,000$207,300,000$201,500,000$201,400,000$258,800,000$189,400,000$
Operating Income759,700,000$743,400,000$578,100,000$734,900,000$577,300,000$567,300,000$469,400,000$450,200,000$465,800,000$463,200,000$387,600,000$372,500,000$398,900,000$397,600,000$408,100,000$450,400,000$442,600,000$511,200,000$416,800,000$415,800,000$270,400,000$80,600,000$283,000,000$397,600,000$365,700,000$359,000,000$252,200,000$332,000,000$313,300,000$277,400,000$276,700,000$329,000,000$280,600,000$259,900,000$193,400,000$268,900,000$256,400,000$245,400,000$179,000,000$245,900,000$189,900,000$173,800,000$130,400,000$186,100,000$159,100,000$143,000,000$56,600,000$208,600,000$
Operating Margin30.33%30.47%25.66%30.45%28.33%28.23%24.83%23.35%26.71%26.38%22.85%22.51%25.61%26.12%27.43%29.05%31.54%34.92%32.26%31.28%25.09%9.46%25.74%31.12%32.41%32.67%25.90%31.73%34.02%30.51%32.65%36.87%34.74%34.25%28.46%35.53%37.55%36.62%30.11%36.35%32.20%29.65%24.51%30.78%28.92%27.92%12.18%36.20%
Interest Income
Interest Expenses
Income Before Tax855,200,000$832,100,000$668,500,000$809,800,000$671,000,000$654,500,000$538,500,000$515,900,000$522,000,000$499,200,000$421,800,000$394,700,000$402,800,000$406,900,000$402,400,000$454,200,000$461,100,000$526,200,000$448,800,000$436,500,000$355,200,000$107,200,000$308,100,000$431,700,000$399,000,000$391,800,000$279,700,000$358,800,000$335,200,000$295,600,000$289,900,000$341,300,000$291,400,000$270,000,000$202,100,000$280,600,000$266,800,000$253,400,000$184,500,000$251,800,000$193,600,000$178,400,000$134,700,000$184,800,000$161,100,000$142,600,000$60,500,000$214,500,000$
Tax Expenses146,000,000$167,900,000$(35,200,000$)121,800,000$100,400,000$123,000,000$(8,900,000$)(94,800,000$)102,200,000$73,200,000$61,000,000$58,000,000$78,100,000$93,300,000$33,000,000$71,500,000$73,900,000$3,200,000$13,600,000$72,900,000$38,400,000$37,000,000$(8,100,000$)69,000,000$300,000$75,400,000$(24,300,000$)67,500,000$43,400,000$41,000,000$2,600,000$372,800,000$(7,200,000$)47,000,000$21,300,000$74,200,000$55,800,000$68,900,000$48,100,000$61,800,000$29,300,000$43,900,000$37,700,000$38,000,000$37,400,000$38,600,000$16,200,000$48,300,000$
Net Income709,200,000$664,200,000$703,700,000$688,000,000$570,600,000$531,500,000$547,400,000$610,700,000$419,800,000$426,000,000$360,800,000$336,700,000$324,700,000$313,600,000$369,400,000$382,700,000$387,200,000$523,000,000$435,200,000$363,600,000$316,800,000$70,200,000$316,200,000$362,700,000$398,700,000$316,400,000$304,000,000$291,300,000$291,800,000$254,600,000$287,300,000$(31,500,000$)298,600,000$223,000,000$180,800,000$204,000,000$211,000,000$184,500,000$136,400,000$190,000,000$167,300,000$134,500,000$97,000,000$146,800,000$123,700,000$104,000,000$44,300,000$166,200,000$
Profit Margin28.31%27.22%31.23%28.51%28.00%26.44%28.95%31.67%24.08%24.26%21.27%20.34%20.85%20.60%24.83%24.68%27.59%35.72%33.68%27.36%29.40%8.24%28.76%28.39%35.34%28.79%31.22%27.84%31.69%28.00%33.90%(3.53%)36.97%29.39%26.60%26.95%30.90%27.53%22.94%28.09%28.37%22.95%18.23%24.28%22.49%20.31%9.53%28.84%
TTM28.77%28.72%28.62%27.99%28.73%27.86%27.38%25.51%22.53%21.73%20.77%21.61%22.73%24.36%28.15%30.26%31.14%31.74%26.06%24.48%24.75%26.34%30.28%30.85%30.85%29.79%29.65%30.21%22.47%23.40%23.51%21.38%30.18%28.45%27.97%27.21%27.51%26.80%25.67%24.69%23.59%22.09%21.44%19.65%20.84%22.97%24.85%29.62%
Earnings to Minority4,800,000$5,800,000$5,300,000$2,300,000$5,500,000$4,600,000$2,500,000$4,500,000$4,100,000$5,200,000$5,500,000$11,800,000$700,000$5,800,000$3,800,000$2,100,000$6,700,000$5,800,000$8,900,000$(1,600,000$)2,900,000$2,200,000$2,700,000$5,000,000$1,900,000$(1,900,000$)(2,500,000$)(1,200,000$)(700,000$)(700,000$)(300,000$)(400,000$)0$0$0$
Earnings to Common Shareholders704,400,000$658,400,000$698,400,000$685,700,000$565,100,000$526,900,000$544,900,000$606,200,000$415,700,000$420,800,000$355,300,000$324,900,000$324,000,000$307,800,000$365,600,000$380,600,000$380,500,000$517,200,000$426,300,000$365,200,000$313,900,000$68,000,000$313,500,000$357,700,000$396,800,000$318,300,000$306,500,000$292,500,000$292,500,000$255,300,000$287,600,000$(31,500,000$)298,600,000$223,000,000$180,800,000$204,000,000$211,000,000$184,500,000$136,400,000$190,000,000$167,300,000$134,500,000$97,000,000$146,800,000$123,700,000$104,000,000$44,300,000$166,200,000$
QoQ%6.99%(5.73%)1.85%21.34%7.25%(3.30%)(10.11%)45.83%(1.21%)18.44%9.36%.28%5.26%(15.81%)(3.94%).03%(26.43%)21.32%16.73%16.34%361.62%(78.31%)(12.36%)(9.85%)24.66%3.85%4.79%.00%14.57%(11.23%)1,013.02%(110.55%)33.90%23.34%(11.37%)(3.32%)14.36%35.26%(28.21%)13.57%24.39%38.66%(33.92%)18.67%18.94%134.76%(73.35%)6.00%
YoY%24.65%24.96%28.17%13.11%35.94%25.21%53.36%86.58%28.30%36.71%(2.82%)(14.64%)(14.85%)(40.49%)(14.24%)4.22%21.22%660.59%35.98%2.10%(20.89%)(78.64%)2.28%22.29%35.66%24.68%6.57%1,028.57%(2.04%)14.48%59.07%(115.44%)41.52%20.87%32.55%7.37%26.12%37.18%40.62%29.43%35.25%29.33%118.96%(11.67%)(21.11%)(34.63%)(76.55%)(4.97%)
Earnings Per Share, Basic1.98$1.84$1.95$1.92$1.59$1.48$1.54$1.72$1.18$1.20$1.01$0.93$0.91$0.86$1.02$1.06$1.07$1.45$1.20$0.45$0.89$0.58$2.69$0.34$3.44$2.76$2.67$2.55$2.57$2.25$2.55$(0.28$)2.67$2.01$1.62$0.76$1.82$4.82$3.62$0.57$4.49$3.64$2.64$4.04$3.43$2.82$1.16$4.37$
Earnings Per Share, Diluted1.95$1.81$1.92$1.88$1.56$1.46$1.51$1.69$1.16$1.18$1.00$0.91$0.90$0.85$1.00$1.04$1.04$1.42$1.17$0.43$0.87$0.57$2.62$0.33$3.33$2.67$2.56$2.45$2.45$2.15$2.44$(0.27$)2.56$1.94$1.57$0.74$1.77$4.71$3.54$0.56$4.40$3.56$2.57$3.95$3.35$2.77$1.13$4.27$
Unlevered FCF Per Share, Basic2.36$2.00$1.63$2.31$1.99$1.75$0.75$0.65$1.56$1.90$1.06$1.25$1.08$1.25$0.62$1.59$1.41$1.53$1.35$0.77$0.78$1.97$3.03$0.53$3.43$2.74$2.90$2.95$2.81$2.04$2.48$2.96$3.17$1.95$2.16$1.23$2.32$6.83$6.02$0.95$4.82$5.02$3.37$5.35$4.17$4.17$4.34$6.03$
Unlevered FCF Per Share, Diluted2.32$1.96$1.60$2.26$1.95$1.72$0.74$0.64$1.53$1.86$1.04$1.23$1.06$1.23$0.61$1.54$1.37$1.49$1.31$0.74$0.76$1.92$2.94$0.51$3.32$2.65$2.79$2.83$2.68$1.95$2.37$2.82$3.03$1.88$2.09$1.20$2.26$6.68$5.89$0.93$4.73$4.90$3.28$5.22$4.08$4.10$4.25$5.89$
Average Shares, Basic356,600,000358,500,000357,500,000356,500,000355,800,000355,000,000353,500,000352,000,000351,700,000350,900,000350,200,000351,000,000355,300,000358,100,000358,400,000357,700,000356,800,000355,700,000354,200,000819,200,000352,000,000116,800,000116,400,0001,039,000,000115,400,000115,400,000115,000,000114,500,000114,000,000113,500,000112,800,000112,100,000111,800,000111,000,000111,900,000267,500,000116,100,00038,300,00037,700,000334,300,00037,300,00036,900,00036,700,00036,300,00036,100,00036,900,00038,300,00038,000,000
Average Shares, Diluted361,800,000364,100,000364,600,000363,800,000362,700,000361,000,000360,500,000358,100,000358,200,000357,300,000356,000,000356,900,000360,500,000363,900,000366,700,000367,500,000366,800,000364,900,000364,000,000842,600,000361,900,000119,700,000119,800,0001,075,400,000119,300,000119,300,000119,600,000119,500,000119,200,000118,500,000118,000,000117,700,000116,800,000115,200,000115,500,000274,800,000119,100,00039,200,00038,500,000341,300,00038,000,00037,800,00037,700,00037,200,00036,900,00037,600,00039,100,00038,900,000
EBIT855,200,000$832,100,000$668,500,000$809,800,000$671,000,000$654,500,000$538,500,000$515,900,000$522,000,000$499,200,000$421,800,000$394,700,000$402,800,000$406,900,000$402,400,000$454,200,000$461,100,000$526,200,000$448,800,000$436,500,000$355,200,000$107,200,000$308,100,000$431,700,000$399,000,000$391,800,000$279,700,000$358,800,000$335,200,000$295,600,000$289,900,000$341,300,000$291,400,000$270,000,000$202,100,000$280,600,000$266,800,000$253,400,000$184,500,000$251,800,000$193,600,000$178,400,000$134,700,000$184,800,000$161,100,000$142,600,000$60,500,000$214,500,000$
EBITDA855,200,000$832,100,000$668,500,000$809,800,000$671,000,000$654,500,000$538,500,000$515,900,000$522,000,000$499,200,000$421,800,000$394,700,000$402,800,000$406,900,000$402,400,000$454,200,000$461,100,000$526,200,000$448,800,000$436,500,000$355,200,000$107,200,000$308,100,000$431,700,000$399,000,000$391,800,000$279,700,000$358,800,000$335,200,000$295,600,000$289,900,000$341,300,000$291,400,000$270,000,000$202,100,000$280,600,000$266,800,000$253,400,000$184,500,000$251,800,000$193,600,000$178,400,000$134,700,000$184,800,000$161,100,000$142,600,000$60,500,000$214,500,000$