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Saturday 17 October 2026 Export EW’s income statement to Excel — free account

Edwards Lifesciences Corporation

EW Healthcare Medical Devices

Edwards Lifesciences Corporation’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 11.5% from fiscal 2024. In the quarter to June 2026, revenue grew 13.6%, EPS fell 26.3%, free cash flow grew 142.8% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years.

86.60 1.50 −1.70%
Market cap
$50.8B
P/E
49.8×
Fwd P/E
30.7×
Dividend yield
—
F-score
5/9
Altman Z
11.54
Beneish M
−2.48
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Edwards Lifesciences Corporation (EW) Gross margin

Alert me on Gross margin

Edwards Lifesciences Corporation's gross margin over the twelve months to 30 June 2026 was 77.8%, down 0.2 percentage points from fiscal 2025 (78.0%). Over the past ten years it has ranged from 73.1% (fiscal 2016) to 83.8% (fiscal 2022); the current reading is higher than 73% of that period. That is above the Medical Devices industry median of 56.0% and above the Healthcare sector median of 53.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 78.0% (1.45)
FY2024 79.5% (1.01)
FY2023 80.5% (3.32)
FY2022 83.8% 7.66
FY2021 76.1% 0.77
FY2020 75.4% 0.99
FY2019 74.4% (0.40)
FY2018 74.8% 0.25
FY2017 74.5% 1.43
FY2016 73.1% (2.16)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 77.5% (0.55)
Mar 2026 78.0% (0.14)
Dec 2025 78.2% 0.38
Sep 2025 77.8% 0.25
42 more quarters

Against its own ten years

Low 73.1% High 83.8%
Ten-year median 75.4%
Current reading's percentile 64

Gross margin against peers

Company Gross margin
EW Edwards Lifesciences Corporation 77.8%
BSX Boston Scientific Corporation compare 69.9%
ZBH Zimmer Biomet Holdings, Inc. compare 69.9%
MDT Medtronic PLC compare 65.0%
SYK Stryker Corporation compare 65.0%
DXCM DexCom, Inc. compare 62.5%
PHG Koninklijke Philips N.V. compare 45.9%
STE STERIS plc compare 44.4%
GEHC GE HealthCare Technologies Inc. compare 39.5%
Medical Devices industry median 56.0%
Healthcare sector median 53.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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