Intuitive Surgical (ISRG) financials
Intuitive Surgical revenue and earnings by year
Intuitive Surgical's revenue was $10.1 billion in the fiscal year to December 31, 2025, up 20.5% from the year before. Net income was $2.86 billion, 28.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 15.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.1 | 8.4 | 7.1 | 6.2 | 5.7 | 4.4 | 4.5 | 3.7 | 3.1 | 2.7 |
| Revenue growth | 20.5% | 17.2% | 14.5% | 9.0% | 31.0% | -2.7% | 20.3% | 18.7% | 16.0% | — |
| Gross profit | 6.6 | 5.6 | 4.7 | 4.2 | 4.0 | 2.9 | 3.1 | 2.6 | 2.2 | 1.9 |
| Gross margin | 66.0% | 67.5% | 66.4% | 67.4% | 69.3% | 65.6% | 69.4% | 69.9% | 70.2% | 69.9% |
| Operating income | 2.9 | 2.3 | 1.8 | 1.6 | 1.8 | 1.0 | 1.4 | 1.2 | 1.1 | 0.9 |
| Operating margin | 29.3% | 28.1% | 24.8% | 25.3% | 31.9% | 24.1% | 30.7% | 32.2% | 33.9% | 35.1% |
| Net income | 2.9 | 2.3 | 1.8 | 1.3 | 1.7 | 1.1 | 1.4 | 1.1 | 0.7 | 0.7 |
| Net margin | 28.4% | 27.8% | 25.2% | 21.3% | 29.9% | 24.3% | 30.8% | 30.3% | 21.4% | 27.3% |
| Diluted EPS | $7.87 | $6.42 | $5.03 | $3.65 | $4.66 | — | $3.85 | $3.16 | $1.93 | $2.08 |
| Free cash flow | 2.5 | 1.3 | 0.7 | 1.0 | 1.7 | 1.1 | 1.2 | 1.0 | 1.0 | 1.0 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ISRG in Markets.
How Intuitive Surgical makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $2.57B | 84.2% |
| Services | $482M | 15.8% |
See also: ISRG valuation and P/E history · ISRG returns
No forecast, no recommendation. This page describes Intuitive Surgical from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.