Intuitive Surgical annual free cash flow
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Intuitive Surgical Free Cash Flow (FCF) History (ISRG)
Intuitive Surgical reported $2.49B in free cash flow for fiscal 2025, an increase of 91.03% from the previous fiscal year, with a free cash flow margin of 24.75%.
View full Intuitive Surgical company overviewIntuitive Surgical free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.49B | $1.19B | +91.03% | +24.75% |
| 2024 | 2024-12-31 | $1.30B | $554.2M | +73.93% | +15.61% |
| 2023 | 2023-12-31 | $749.6M | −$208.8M | −21.79% | +10.52% |
| 2022 | 2022-12-31 | $958.4M | −$791.5M | −45.23% | +15.40% |
| 2021 | 2021-12-31 | $1.75B | $606.6M | +53.06% | +30.65% |
| 2020 | 2020-12-31 | $1.14B | −$29.3M | −2.50% | +26.23% |
| 2019 | 2019-12-31 | $1.17B | $190.4M | +19.39% | +26.18% |
| 2018 | 2018-12-31 | $982.2M | $29.0M | +3.04% | +26.37% |
| 2017 | 2017-12-31 | $953.2M | −$79.9M | −7.73% | +30.37% |
| 2016 | 2016-12-31 | $1.03B | $307.9M | +42.46% | +38.17% |
| 2015 | 2015-12-31 | $725.2M | $165.7M | +29.62% | +30.41% |
| 2014 | 2014-12-31 | $559.5M | −$215.9M | −27.84% | +26.25% |
| 2013 | 2013-12-31 | $775.4M | $75.4M | +10.77% | +34.23% |
| 2012 | 2012-12-31 | $700.0M | $105.3M | +17.71% | +32.13% |
| 2011 | 2011-12-31 | $594.7M | $144.9M | +32.21% | +33.84% |
| 2010 | 2010-12-31 | $449.8M | $111.0M | +32.76% | +31.83% |
| 2009 | 2009-12-31 | $338.8M | $166.6M | +96.75% | +32.20% |
| 2008 | 2008-12-31 | $172.2M | −$9.5M | −5.22% | +19.68% |
| 2007 | 2007-12-31 | $181.7M | — | — | +30.24% |
Intuitive Surgical quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $948.4M | $388.3M | +69.33% | +32.79% |
| Q1 2026 | 2026-03-31 | $808.6M | $343.6M | +73.89% | +29.18% |
| Q4 2025 | 2025-12-31 | $730.0M | $219.4M | +42.97% | +25.47% |
| Q3 2025 | 2025-09-30 | $735.6M | $277.0M | +60.40% | +29.36% |
| Q2 2025 | 2025-06-30 | $560.1M | $249.0M | +80.04% | +22.95% |
| Q1 2025 | 2025-03-31 | $465.0M | $441.5M | +1878.72% | +20.64% |
| Q4 2024 | 2024-12-31 | $510.6M | $717.8M | — | +21.16% |
| Q3 2024 | 2024-09-30 | $458.6M | $166.5M | +57.00% | +22.50% |
| Q2 2024 | 2024-06-30 | $311.1M | −$176.3M | −36.17% | +15.48% |
| Q1 2024 | 2024-03-31 | $23.5M | −$153.8M | −86.75% | +1.24% |
| Q4 2023 | 2023-12-31 | −$207.2M | −$505.9M | — | −10.75% |
| Q3 2023 | 2023-09-30 | $292.1M | $78.0M | +36.43% | +16.75% |
| Q2 2023 | 2023-06-30 | $487.4M | $171.2M | +54.14% | +27.76% |
| Q1 2023 | 2023-03-31 | $177.3M | $47.9M | +37.02% | +10.45% |
| Q4 2022 | 2022-12-31 | $298.7M | −$132.1M | −30.66% | +18.05% |
| Q3 2022 | 2022-09-30 | $214.1M | −$219.0M | −50.57% | +13.75% |
| Q2 2022 | 2022-06-30 | $316.2M | −$150.8M | −32.29% | +20.77% |
| Q1 2022 | 2022-03-31 | $129.4M | −$289.6M | −69.12% | +8.70% |
| Q4 2021 | 2021-12-31 | $430.8M | −$134.8M | −23.83% | +27.78% |
| Q3 2021 | 2021-09-30 | $433.1M | $222.9M | +106.04% | +30.86% |
| Q2 2021 | 2021-06-30 | $467.0M | $347.1M | +289.49% | +31.90% |
| Q1 2021 | 2021-03-31 | $419.0M | $171.4M | +69.22% | +32.43% |
| Q4 2020 | 2020-12-31 | $565.6M | $154.9M | +37.72% | +42.56% |
| Q3 2020 | 2020-09-30 | $210.2M | −$99.4M | −32.11% | +19.50% |
| Q2 2020 | 2020-06-30 | $119.9M | −$114.0M | −48.74% | +14.07% |
| Q1 2020 | 2020-03-31 | $247.6M | $29.2M | +13.37% | +22.52% |
| Q4 2019 | 2019-12-31 | $410.7M | $128.1M | +45.33% | +32.14% |
| Q3 2019 | 2019-09-30 | $309.6M | $36.8M | +13.49% | +27.44% |
| Q2 2019 | 2019-06-30 | $233.9M | $47.2M | +25.28% | +21.28% |
| Q1 2019 | 2019-03-31 | $218.4M | −$21.7M | −9.04% | +22.43% |
| Q4 2018 | 2018-12-31 | $282.6M | −$18.4M | −6.11% | +27.00% |
| Q3 2018 | 2018-09-30 | $272.8M | −$29.7M | −9.82% | +29.62% |
| Q2 2018 | 2018-06-30 | $186.7M | $25.5M | +15.82% | +20.53% |
| Q1 2018 | 2018-03-31 | $240.1M | $51.6M | +27.37% | +28.33% |
| Q4 2017 | 2017-12-31 | $301.0M | −$10.9M | −3.49% | +33.74% |
| Q3 2017 | 2017-09-30 | $302.5M | $48.8M | +19.24% | +37.45% |
| Q2 2017 | 2017-06-30 | $161.2M | −$89.1M | −35.60% | +21.24% |
| Q1 2017 | 2017-03-31 | $188.5M | −$28.7M | −13.21% | +27.74% |
| Q4 2016 | 2016-12-31 | $311.9M | $13.9M | +4.66% | +41.09% |
| Q3 2016 | 2016-09-30 | $253.7M | $102.5M | +67.79% | +37.15% |
| Q2 2016 | 2016-06-30 | $250.3M | $78.8M | +45.95% | +37.35% |
| Q1 2016 | 2016-03-31 | $217.2M | $112.7M | +107.85% | +36.53% |
| Q4 2015 | 2015-12-31 | $298.0M | $169.0M | +131.01% | +44.05% |
| Q3 2015 | 2015-09-30 | $151.2M | $14.4M | +10.53% | +25.64% |
| Q2 2015 | 2015-06-30 | $171.5M | $36.0M | +26.57% | +29.26% |
| Q1 2015 | 2015-03-31 | $104.5M | −$53.7M | −33.94% | +19.64% |
| Q4 2014 | 2014-12-31 | $129.0M | −$71.2M | −35.56% | +21.33% |
| Q3 2014 | 2014-09-30 | $136.8M | −$33.0M | −19.43% | +24.87% |
| Q2 2014 | 2014-06-30 | $135.5M | −$28.6M | −17.43% | +26.45% |
| Q1 2014 | 2014-03-31 | $158.2M | −$83.1M | −34.44% | +34.04% |
| Q4 2013 | 2013-12-31 | $200.2M | $44.1M | +28.25% | +34.74% |
| Q3 2013 | 2013-09-30 | $169.8M | −$28.9M | −14.54% | +34.03% |
| Q2 2013 | 2013-06-30 | $164.1M | −$38.6M | −19.04% | +28.37% |
| Q1 2013 | 2013-03-31 | $241.3M | $124.6M | +106.77% | +39.47% |
| Q4 2012 | 2012-12-31 | $156.1M | −$37.0M | −19.16% | +25.62% |
| Q3 2012 | 2012-09-30 | $198.7M | $55.6M | +38.85% | +36.95% |
| Q2 2012 | 2012-06-30 | $202.7M | $34.9M | +20.80% | +37.78% |
| Q1 2012 | 2012-03-31 | $116.7M | $26.0M | +28.67% | +23.57% |
| Q4 2011 | 2011-12-31 | $193.1M | $60.8M | +45.96% | +38.87% |
| Q3 2011 | 2011-09-30 | $143.1M | $80.2M | +127.50% | +32.03% |
| Q2 2011 | 2011-06-30 | $167.8M | $12.6M | +8.12% | +39.42% |
| Q1 2011 | 2011-03-31 | $90.7M | −$8.7M | −8.75% | +23.37% |
| Q4 2010 | 2010-12-31 | $132.3M | $17.2M | +14.94% | +33.98% |
| Q3 2010 | 2010-09-30 | $62.9M | −$28.0M | −30.80% | +18.26% |
| Q2 2010 | 2010-06-30 | $155.2M | $85.0M | +121.08% | +44.25% |
| Q1 2010 | 2010-03-31 | $99.4M | $36.8M | +58.79% | +30.25% |
| Q4 2009 | 2009-12-31 | $115.1M | $64.3M | +126.51% | +35.62% |
| Q3 2009 | 2009-09-30 | $90.9M | — | — | +32.45% |
| Q2 2009 | 2009-06-30 | $70.2M | — | — | +26.94% |
| Q1 2009 | 2009-03-31 | $62.6M | — | — | +33.23% |
| Q3 2008 | 2008-09-30 | $50.8M | — | — | +21.53% |
Intuitive Surgical free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $1.14B to $2.49B, a compound annual growth rate of 16.85%. Intuitive Surgical's latest reported quarter, Q2 2026, generated $948.4M in free cash flow, an increase of 69.33% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Intuitive Surgical filings at SEC.gov ↗