Company research / EW

Edwards Lifesciences Corp (EW)

CIK 0001099800 · NYSE · Orthopedic, Prosthetic & Surgical Appliances & Supplies

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Edwards Lifesciences Corp reported revenue of $6.07B. Revenue grew 11.5% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $6.51B.

Key ratios (year ended 2025-12-31)

78.0%
Gross margin
20.8%
Operating margin
17.6%
Net margin
10.3%
Return on year-end equity
11.5%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-08

Headquarters locality: Irvine · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 2-for-1, first reflected in a filing dated 2016-02-19; 3-for-1, first reflected in a filing dated 2020-07-27. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$6.51B$6.07B$5.44B$5.01B$4.46B$5.23B$4.39B$4.35B$3.72B$3.44B$2.96B
Cost of Revenue$1.44B$1.33B$1.12B$978.40M$723.70M$1.25B$1.08B$1.11B$939.40M$875.30M$797.40M
Gross Profit$5.07B$4.73B$4.32B$4.03B$3.74B$3.98B$3.31B$3.23B$2.78B$2.56B$2.17B
R&D Expense$1.09B$1.08B$1.05B$962.90M$843.60M$903.10M$760.70M$752.70M$622.20M$552.60M$442.20M
Operating Income$1.45B$1.26B$1.38B$1.31B$1.50B$1.69B$897.60M$1.15B$748.20M$1.09B$751.20M
Depreciation & Amortization$165.50M$156.60M$155.20M$144.90M$139.60M$134.80M$107.20M$89.30M$77.40M$81.90M$71.20M
EBITDA$1.61B$1.42B$1.53B$1.45B$1.64B$1.83B$1.00B$1.24B$825.60M$1.17B$822.40M
Net Income$1.00B$1.07B$4.17B$1.40B$1.52B$1.50Bn/an/an/an/an/a
EPS (Diluted)n/a$1.83$6.97$2.30$2.44$2.38$1.30$1.64$1.13$2.70$2.61
Total Assets$13.87B$13.70B$13.06B$9.36B$8.29B$8.50B$7.24B$6.49B$5.32B$5.67B$4.51B
Total Liabilities$3.14B$3.36B$2.99B$2.64B$2.49B$2.67B$2.66Bn/an/an/an/a
Shareholders' Equity$10.62B$10.34B$10.00B$6.65B$5.81B$5.84B$4.57B$4.15B$3.14B$2.96B$2.62B
Cash & Equivalents$2.91B$2.94B$3.05B$1.13B$769.00M$862.80M$1.18B$1.18B$714.10M$818.30M$930.10M
Operating Cash Flow$1.72B$1.60B$542.30M$895.80M$1.22B$1.73B$1.05B$1.18B$926.70M$1.00B$704.40M
Capital Expenditures$286.70M$260.20M$252.40M$253.00M$244.60M$325.80M$407.00M$254.40M$238.70M$168.10M$176.10M
Free Cash Flow$1.43B$1.33B$289.90M$642.80M$973.60M$1.41B$647.30M$928.50M$688.00M$832.60M$528.30M
Share Repurchases$1.20B$893.40M$1.16B$879.60M$1.73B$512.80M$625.40M$263.30M$795.50M$763.30M$662.30M
Shares Outstanding576.60M580.70M588.60M601.10M608.30M624.10M624.30M209.10M207.70M209.70M211.60M
Weighted Average Diluted Sharesn/a585.80M599.30M609.40M624.20M631.20M631.90M636.70M640.90M215.90M217.80M
EPS (Basic)n/a$1.84$6.98$2.31$2.46$2.41$1.32$1.68$1.15$2.77$2.67

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