Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 29.84% is in line with its 5-year average of 28.54%, near the high end of its 5-year range (22.56%–32.75%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.46% above its 12-month average of 28.03%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
29.84%
OPERATING MARGIN AVG TTM
28.03%
OPERATING MARGIN AVG 3Y
27.31%
OPERATING MARGIN AVG 5Y
28.54%
OPERATING MARGIN AVG 10Y
28.60%
OPERATING MARGIN AVG 15Y
26.46%
OPERATING MARGIN AVG 20Y
24.16%
CURRENT VS TTM AVG
+6.46%
CURRENT VS 3Y AVG
+9.25%
CURRENT VS 5Y AVG
+4.56%
CURRENT VS 10Y AVG
+4.33%
CURRENT VS 15Y AVG
+12.78%
CURRENT VS 20Y AVG
+23.50%
SECTOR MEDIAN · HEALTHCARE
15.61%
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+91.22%
vs the sector median at left
Edwards Lifesciences Corporation
Market Cap
$53.30B
Operating Margin
29.84%
TTM Avg
28.03%
3Y Avg
27.31%
5Y Avg
28.54%
Market Cap
$54.28B
Operating Margin
0.92%
TTM Avg
1.14%
3Y Avg
0.90%
5Y Avg
0.55%
Market Cap
$50.33B
Operating Margin
9.83%
TTM Avg
11.84%
3Y Avg
11.67%
5Y Avg
10.68%
Market Cap
$44.14B
Operating Margin
32.03%
TTM Avg
30.27%
3Y Avg
29.30%
5Y Avg
28.64%
Market Cap
$41.89B
Operating Margin
21.50%
TTM Avg
22.07%
3Y Avg
21.88%
5Y Avg
20.79%
Market Cap
$39.53B
Operating Margin
13.57%
TTM Avg
14.15%
3Y Avg
13.50%
5Y Avg
11.74%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Edwards Lifesciences Corporation (EW) | $53.30B | 29.84% | 28.03% | 27.31% | 28.54% |
| Cardinal Health, Inc. (CAH)vs › | $54.28B | 0.92% | 1.14% | 0.90% | 0.55% |
| Becton, Dickinson and Company (BDX)vs › | $50.33B | 9.83% | 11.84% | 11.67% | 10.68% |
| Humana Inc. (HUM)vs › | $46.21B | 1.39% | 1.25% | 2.37% | 3.27% |
| Cencora, Inc. (COR)vs › | $60.94B | 1.30% | 1.08% | 1.06% | 1.09% |
| IDEXX Laboratories, Inc. (IDXX)vs › | $44.14B | 32.03% | 30.27% | 29.30% | 28.64% |
| Agilent Technologies, Inc. (A)vs › | $41.89B | 21.50% | 22.07% | 21.88% | 20.79% |
| IQVIA Holdings Inc. (IQV)vs › | $39.53B | 13.57% | 14.15% | 13.50% | 11.74% |
| DexCom, Inc. (DXCM)vs › | $34.15B | 22.92% | 17.22% | 16.09% | 15.13% |
| Cigna Corporation (CI)vs › | $73.45B | 3.46% | 3.56% | 4.04% | 4.30% |
Gross Margin
78.0%
Operating Margin
29.8%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 29.84% |
| 2026-03-31 | 31.22% |
| 2025-12-31 | 23.59% |
| 2025-09-30 | 27.37% |
| 2025-06-30 | 28.12% |
| 2025-03-31 | 27.95% |
| 2024-12-31 | 22.56% |
| 2024-09-30 | 25.89% |
| 2024-06-30 | 26.32% |
| 2024-03-31 | 26.73% |
| 2023-12-31 | 28.17% |
| 2023-09-30 | 27.87% |
| 2023-06-30 | 28.61% |
| 2023-03-31 | 27.60% |
| 2022-12-31 | 30.37% |
| 2022-09-30 | 32.39% |
| 2022-06-30 | 31.18% |
| 2022-03-31 | 32.49% |
| 2021-12-31 | 27.21% |
| 2021-09-30 | 31.08% |
| 2021-06-30 | 32.75% |
| 2021-03-31 | 32.12% |
| 2020-12-31 | 30.40% |
| 2020-09-30 | 30.77% |
| 2020-06-30 | 23.91% |
| 2020-03-31 | 32.03% |
| 2019-12-31 | 28.71% |
| 2019-09-30 | 26.19% |
| 2019-06-30 | 24.91% |
| 2019-03-31 | 30.37% |
| 2018-12-31 | 29.67% |
| 2018-09-30 | 28.17% |
| 2018-06-30 | 29.90% |
| 2018-03-31 | 29.57% |
| 2017-12-31 | 27.17% |
| 2017-09-30 | 26.54% |
| 2017-06-30 | 30.27% |
| 2017-03-31 | 34.82% |
| 2016-12-31 | 27.21% |
| 2016-09-30 | 26.89% |
| 2016-06-30 | 23.79% |
| 2016-03-31 | 28.95% |
| 2015-12-31 | 26.03% |
| 2015-09-30 | 25.31% |
| 2015-06-30 | 23.80% |
| 2015-03-31 | 28.02% |
| 2014-12-31 | 22.70% |
| 2014-09-30 | 21.32% |
| 2014-06-30 | 20.74% |
| 2014-03-31 | 17.90% |
| 2013-12-31 | 22.65% |
| 2013-09-30 | 20.44% |
| 2013-06-30 | 23.65% |
| 2013-03-31 | 22.05% |
| 2012-12-31 | 25.84% |
| 2012-09-30 | 21.12% |
| 2012-06-30 | 19.88% |
| 2012-03-31 | 18.75% |
| 2011-12-31 | 20.11% |
| 2011-09-30 | 14.51% |
| 2011-06-30 | 17.46% |
| 2011-03-31 | 19.38% |
| 2010-12-31 | 20.54% |
| 2010-09-30 | 19.32% |
| 2010-06-30 | 20.15% |
| 2010-03-31 | 18.41% |
| 2009-12-31 | 18.58% |
| 2009-09-30 | 17.32% |
| 2009-06-30 | 18.63% |
| 2009-03-31 | 17.45% |
| 2008-12-31 | 17.73% |
| 2008-09-30 | 14.59% |
| 2008-06-30 | 16.09% |
| 2008-03-31 | 11.69% |
| 2007-12-31 | 15.49% |
| 2007-09-30 | 14.00% |
| 2007-06-30 | 17.28% |
| 2007-03-31 | 16.89% |
| 2006-12-31 | 16.23% |
| 2006-09-30 | 16.25% |
| 2006-06-30 | 17.10% |
| 2006-03-31 | 25.68% |
| 2005-12-31 | 18.90% |
| 2005-09-30 | 16.65% |
| 2005-06-30 | 17.82% |
| 2005-03-31 | 17.10% |
| 2004-12-31 | 16.79% |
| 2004-09-30 | 15.70% |
| 2004-06-30 | 17.26% |
| 2004-03-31 | 9.96% |
| 2003-12-31 | 17.45% |
| 2003-09-30 | 15.48% |
| 2003-06-30 | 14.28% |
| 2003-03-31 | 15.53% |
| 2002-12-31 | 15.26% |
| 2002-09-30 | -24.67% |
