Intuitive Surgical Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	10,582	10,065	8,352	7,124	6,222	5,710
Revenue Growth (YoY)	21.43%	20.51%	17.24%	14.49%	8.97%	31.01%
Cost of Revenue	3,567	3,422	2,718	2,395	2,026	1,752
Gross Profit	7,015	6,642	5,634	4,730	4,196	3,959
Selling, General & Admin	2,435	2,385	2,140	1,964	1,740	1,467
Research & Development	1,358	1,312	1,145	998.8	879	671
Total Operating Expenses	3,792	3,697	3,285	2,963	2,619	2,138
Operating Income	3,223	2,946	2,349	1,767	1,577	1,821
Total Non-Operating Income (Expense)	360.6	365.9	324.9	192.1	29.7	69.3
Pretax Income	3,583	3,311	2,674	1,959	1,607	1,890
Provision for Income Taxes	518.9	434.8	336.3	141.6	262.4	162.2
Net Income	2,979	2,856	2,323	1,798	1,322	1,705
Minority Interest in Earnings	19.8	20.6	14.9	19.3	22.1	23.5
Net Income to Common	2,979	2,856	2,323	1,798	1,322	1,705
Net Income Growth	20.31%	22.97%	29.18%	35.98%	-22.43%	60.72%
Shares Outstanding (Basic)	356	357	355	351	356	356
Shares Outstanding (Diluted)	362	363	362	357	362	366
Shares Change (YoY)	-0.42%	0.19%	1.29%	-1.27%	-1.04%	1.33%
EPS (Basic)	8.37	8.00	6.54	5.12	3.72	4.79
EPS (Diluted)	8.25	7.87	6.42	5.03	3.65	4.66
EPS Growth	20.97%	22.59%	27.63%	37.81%	-21.67%	58.50%
Shares Outstanding	354.4	355.1	356.6	352.3	350	357.7
Free Cash Flow	2,834	2,491	1,304	749.6	958.4	1,750
Free Cash Flow Growth	13.79%	91.03%	73.93%	-21.79%	-45.23%	53.06%
Free Cash Flow Per Share	7.84	6.87	3.60	2.10	2.65	4.78
Gross Margin	66.29%	66.00%	67.46%	66.39%	67.44%	69.32%
Operating Margin	30.45%	29.27%	28.12%	24.80%	25.35%	31.89%
Profit Margin	28.34%	28.58%	27.99%	25.51%	21.61%	30.26%
FCF Margin	26.78%	24.75%	15.61%	10.52%	15.40%	30.65%
EBITDA	3,925	3,623	2,849	2,222	1,970	2,153
EBITDA Margin	37.09%	35.99%	34.11%	31.18%	31.65%	37.71%
EBIT	3,223	2,946	2,349	1,767	1,577	1,821
EBIT Margin	30.45%	29.27%	28.12%	24.80%	25.35%	31.89%
Effective Tax Rate	14.48%	13.13%	12.58%	7.23%	16.33%	8.58%

Updated Apr 21, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q