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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) Operating margin

Alert me on Operating margin

Edwards Lifesciences Corporation's operating margin over the twelve months to 30 June 2026 was 22.3%, up 1.4 percentage points from fiscal 2025 (20.8%). Over the past ten years it has ranged from 20.1% (fiscal 2018) to 33.6% (fiscal 2022); the current reading is higher than 27% of that period. That is above the Medical Devices industry median of −15.0% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 20.8% (4.51)
FY2024 25.4% (0.78)
FY2023 26.1% (7.44)
FY2022 33.6% 1.27
FY2021 32.3% 11.84
FY2020 20.5% (5.92)
FY2019 26.4% 6.28
FY2018 20.1% (11.61)
FY2017 31.7% 5.26
FY2016 26.5% 0.68

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 29.5% 0.51
Mar 2026 29.0% 19.34
Dec 2025 9.63% (10.14)
Sep 2025 19.8% (7.07)
42 more quarters

Against its own ten years

Low 20.1% High 33.6%
Ten-year median 26.1%
Current reading's percentile 26

Operating margin against peers

Company Operating margin
DXCM DexCom, Inc. compare 22.9%
EW Edwards Lifesciences Corporation 22.3%
SYK Stryker Corporation compare 21.4%
BSX Boston Scientific Corporation compare 19.8%
STE STERIS plc compare 18.9%
MDT Medtronic PLC compare 18.1%
ZBH Zimmer Biomet Holdings, Inc. compare 14.2%
GEHC GE HealthCare Technologies Inc. compare 12.9%
PHG Koninklijke Philips N.V. compare 9.64%
Medical Devices industry median −15.0%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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