Intuitive Surgical Financial Statements
NASDAQ: ISRGHealth CareIndustrial SpecialtiesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Intuitive Surgical revenue and earnings
In fiscal 2025, Intuitive Surgical generated $10.06 billion in revenue, up 20.5% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $2.86 billion (+23.0% year over year), for a net margin of 28.4% versus a median of 25.2% in the prior 5 years. Gross margin was 66.0% (down from 67.5%) and operating margin 29.3%.
Diluted earnings per share came in at $7.87, up from $6.42. Over the last 5 fiscal years, ISRG's revenue has grown at a 18.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Intuitive Surgical income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.06B | 8.35B | 7.12B | 6.22B | 5.71B | 4.36B | 4.48B | 3.72B | 3.14B | 2.71B |
| Revenue growth (YoY) | +20.51% | +17.24% | +14.49% | +8.97% | +31.01% | -2.68% | +20.25% | +18.67% | +15.95% | +13.51% |
| Cost of Revenue | 3.42B | 2.72B | 2.39B | 2.03B | 1.75B | 1.50B | 1.37B | 1.12B | 934.80M | 814.30M |
| Gross Profit | 6.64B | 5.63B | 4.73B | 4.20B | 3.96B | 2.86B | 3.11B | 2.60B | 2.20B | 1.89B |
| Operating Expenses | 3.70B | 3.29B | 2.96B | 2.62B | 2.14B | 1.81B | 1.74B | 1.40B | 1.14B | 943.20M |
| Research & Development | 1.31B | 1.15B | 998.80M | 879.00M | 671.00M | 595.10M | 557.30M | 418.10M | 328.60M | 239.60M |
| Selling, General & Admin | 2.38B | 2.14B | 1.96B | 1.74B | 1.47B | 1.22B | 1.18B | 986.60M | 810.50M | 703.60M |
| Operating Income | 2.95B | 2.35B | 1.77B | 1.58B | 1.82B | 1.05B | 1.37B | 1.20B | 1.06B | 949.70M |
| Other Income (Expense) | 365.90M | 324.90M | 192.10M | 29.70M | 69.30M | 157.20M | 127.70M | 80.10M | 41.90M | 35.60M |
| Pretax Income | 3.31B | 2.67B | 1.96B | 1.61B | 1.89B | 1.21B | 1.50B | 1.28B | 1.10B | 985.30M |
| Income Tax | 434.80M | 336.30M | 141.60M | 262.40M | 162.20M | 140.20M | 120.40M | 154.50M | 433.90M | 247.00M |
| Net Income | 2.86B | 2.32B | 1.80B | 1.32B | 1.70B | 1.06B | 1.38B | 1.13B | 670.90M | 738.30M |
| Net Income growth (YoY) | +22.97% | +29.18% | +35.98% | -22.43% | +60.72% | -23.11% | +22.29% | +68.12% | -9.13% | +25.39% |
| EPS (Basic) | 8.00 | 6.54 | 5.12 | 3.72 | 4.79 | 3.02 | 3.98 | 9.92 | 6.01 | 6.43 |
| EPS (Diluted) | 7.87 | 6.42 | 5.03 | 3.65 | 4.66 | 2.94 | 3.85 | 9.49 | 5.77 | 6.26 |
| Shares Outstanding (Basic) | 356.90M | 355.20M | 351.20M | 355.70M | 356.10M | 351.10M | 346.20M | 113.70M | 111.70M | 114.90M |
| Shares Outstanding (Diluted) | 362.70M | 362.00M | 357.40M | 362.00M | 365.80M | 361.00M | 358.40M | 118.80M | 116.30M | 117.90M |
| EBITDA | 3.55B | 2.79B | 2.15B | 1.90B | 2.10B | 1.27B | 1.53B | 1.31B | 1.15B | 1.02B |
| Gross Margin | 66.00% | 67.46% | 66.39% | 67.44% | 69.32% | 65.65% | 69.45% | 69.92% | 70.17% | 69.94% |
| Operating Margin | 29.27% | 28.12% | 24.80% | 25.35% | 31.89% | 24.09% | 30.69% | 32.21% | 33.87% | 35.09% |
| Net Margin | 28.38% | 27.81% | 25.24% | 21.25% | 29.85% | 24.33% | 30.80% | 30.29% | 21.38% | 27.28% |
This table shows 10 annual periods of Intuitive Surgical's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow ISRG's reporting calendar. What is a income statement?