Intuitive Surgical, Inc. (ISRG)

Intuitive Surgical Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	9,612	8,352	7,124	6,222	5,710	4,358
Revenue Growth (YoY)	22.18%	17.24%	14.49%	8.97%	31.01%	-2.68%
Cost of Revenue	3,232	2,718	2,395	2,026	1,752	1,497
Gross Profit	6,380	5,634	4,730	4,196	3,959	2,861
Selling, General & Admin	2,289	2,119	1,964	1,712	1,467	1,216
Research & Development	1,254	1,145	998.8	879	671	595.1
Operating Expenses	3,543	3,264	2,963	2,591	2,138	1,811
Operating Income	2,837	2,370	1,767	1,605	1,821	1,050
Interest & Investment Income	393.1	336.9	195.8	78	80.8	103.5
Currency Exchange Gain (Loss)	-27.6	-2.7	-3.7	-27.3	-0.9	-1.4
EBT Excluding Unusual Items	3,203	2,704	1,959	1,656	1,901	1,152
Gain (Loss) on Sale of Investments	-16	-9.3	-	-21	-10.6	55.1
Legal Settlements	-21.2	-21.2	-	-28.1	-	-
Pretax Income	3,166	2,674	1,959	1,607	1,890	1,207
Income Tax Expense	400.5	336.3	141.6	262.4	162.2	140.2
Earnings From Continuing Operations	2,765	2,338	1,817	1,344	1,728	1,067
Minority Interest in Earnings	-18.2	-14.9	-19.3	-22.1	-23.5	-6.2
Net Income	2,747	2,323	1,798	1,322	1,705	1,061
Net Income to Common	2,747	2,323	1,798	1,322	1,705	1,061
Net Income Growth	22.46%	29.18%	35.98%	-22.43%	60.72%	-23.11%
Shares Outstanding (Basic)	357	355	351	356	356	351
Shares Outstanding (Diluted)	364	362	357	362	366	361
Shares Change (YoY)	0.82%	1.29%	-1.27%	-1.04%	1.33%	0.73%
EPS (Basic)	7.69	6.54	5.12	3.72	4.79	3.02
EPS (Diluted)	7.56	6.42	5.03	3.65	4.66	2.94
EPS Growth	21.56%	27.63%	37.81%	-21.67%	58.50%	-23.64%
Free Cash Flow	2,271	1,304	749.6	958.4	1,750	1,143
Free Cash Flow Per Share	6.25	3.60	2.10	2.65	4.78	3.17
Gross Margin	66.38%	67.46%	66.39%	67.44%	69.33%	65.65%
Operating Margin	29.52%	28.38%	24.80%	25.80%	31.89%	24.09%
Profit Margin	28.58%	27.81%	25.24%	21.25%	29.85%	24.34%
Free Cash Flow Margin	23.63%	15.61%	10.52%	15.40%	30.65%	26.23%
EBITDA	3,412	2,826	2,169	1,959	2,128	1,321
EBITDA Margin	35.50%	33.83%	30.45%	31.48%	37.27%	30.30%
D&A For EBITDA	574.6	455.7	402.2	353.8	307.4	270.8
EBIT	2,837	2,370	1,767	1,605	1,821	1,050
EBIT Margin	29.52%	28.38%	24.80%	25.80%	31.89%	24.09%
Effective Tax Rate	12.65%	12.58%	7.23%	16.33%	8.58%	11.62%
Revenue as Reported	9,612	8,352	7,124	6,222	5,710	4,358

Updated Oct 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q