Intuitive Surgical's Income Statement Analysis: Revenue to Profit Breakdown
Intuitive Surgical's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$5.71 B | $6.22 B | $7.12 B | $8.35 B | $10.06 B | $11.03 B |
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Cost of Revenue Direct cost of goods/services. |
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$1.75 B | $2.03 B | $2.39 B | $2.72 B | $3.41 B | $3.68 B |
Gross Profit Revenue minus cost of revenue. |
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$3.96 B | $4.20 B | $4.73 B | $5.63 B | $6.66 B | $7.36 B |
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Operating Expense
Costs to run business. |
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$2.14 B | $2.62 B | $2.96 B | $3.29 B | $3.71 B | $3.91 B |
Research and Development Investment in innovation. |
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$671.00 M | $879.00 M | $998.80 M | $1.15 B | $1.31 B | $1.41 B |
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Sales, General and Administrative
Selling and admin costs. |
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$1.47 B | $1.74 B | $1.96 B | $2.14 B | $2.39 B | $2.49 B |
General and Administrative Corporate overhead costs. |
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- | - | - | - | - | - |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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- | - | - | - | $13.20 M | - |
Operating Income Profit from operations. |
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$1.82 B | $1.58 B | $1.77 B | $2.35 B | $2.95 B | $3.45 B |
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Net Interest Income
Interest income minus expense. |
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$69.30 M | $29.70 M | $192.10 M | $324.90 M | $365.90 M | $357.00 M |
Interest Income Income from investments. |
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$69.30 M | $29.70 M | $192.10 M | $324.90 M | $365.90 M | $357.00 M |
Interest Expense Cost of borrowing. |
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- | - | - | - | - | - |
Non-Operating Income (ex-Int) Income outside core operations. |
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- | - | - | - | -$365.90 M | -$274.30 M |
Total Other Income (Net) Net non-operating items. |
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$69.30 M | $29.70 M | $192.10 M | $324.90 M | $365.90 M | $354.60 M |
Income Before Tax Profit before taxes. |
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$1.89 B | $1.61 B | $1.96 B | $2.67 B | $3.31 B | $3.81 B |
Income Tax Expense Taxes on income. |
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$162.20 M | $262.40 M | $141.60 M | $336.30 M | $434.80 M | $647.90 M |
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Net Income
Final profit. |
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$1.70 B | $1.32 B | $1.80 B | $2.32 B | $2.86 B | $3.14 B |
Net Income From Continuing Operations Profit from core business. |
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$1.73 B | $1.34 B | $1.82 B | $2.34 B | $2.88 B | $3.16 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | $2.86 B | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$4.79 | $3.72 | $5.12 | $6.54 | $8.00 | $8.85 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$4.66 | $3.65 | $5.03 | $6.42 | $7.87 | $8.79 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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356.10 M | 355.70 M | 351.20 M | 355.20 M | 356.90 M | 354.50 M |
Diluted Average Shares Outst. Shares including dilution. |
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365.80 M | 362.00 M | 357.40 M | 362.00 M | 362.70 M | 358.50 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$1.82 B | $1.58 B | $1.77 B | $2.35 B | $3.31 B | $3.73 B |
EBITDA Earnings before interest, tax, D&A. |
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$2.13 B | $1.94 B | $2.17 B | $2.81 B | $3.31 B | $4.51 B |
Depreciation and Amortization Non-cash expense for assets. |
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$317.00 M | $365.80 M | $402.20 M | $462.00 M | - | $780.90 M |
| Company Report |
Intuitive Surgical's Assets vs Liabilities & Equity
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Data sources and methodology
| Last updated | Jun 30, 2026 |
| Latest financial periods ended |
Quarterly: Q2 FY2026 (June 30, 2026) Annual: FY 2025 (December 31, 2025) |
| Data provided by | Financial Modeling Prep |
| Original source | Company Forms 10-Q and 10-K filed with the SEC |
| Methodology | Company-reported financial statements and calculated financial ratios |
| Limitations | Historical values may change because of company restatements, reclassifications, or provider updates |
| Links | View source filings |




