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Edwards Lifesciences EW Q1 2025 earnings

Reported April 23, 2025 · After market close

Revenue$1.4BBeat by $12.2MDiluted EPS$0.64Beat by $0.04
Revenue estimate$1.4B
EPS estimate$0.60

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$1.7B
EPS estimate$0.73

Financials

Q1 2025

Income statement

See full
Revenue$1.4B+6.2%
Gross profit$1.1B+6.5%
Operating income$394.8M+13.1%
Net income$358.0M+1.7%
EPS (diluted)$0.61+5.2%

Balance sheet

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Cash & equivalents$3.1B+156%
Total debt$699.4M0.0%
Total equity$10.1B+42.3%
Total assets$13.0B+33.7%

Cash flow

See full
Operating cash flow$280.4M+624%
CapEx$56.0M-14.2%
Free cash flow$224.4M+289%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$42.46B-26.2%
Enterprise value$40.01B-29.8%
P/E10.2×-30.5×
P/S7.7×-3.5×

Profitability

See full
Gross margin79.5%-0.1pp
Operating margin25.8%-0.1pp
Net margin75.7%+48.1pp

Returns & leverage

See full
Return on equity48.5%+26.9pp
Debt / equity0.1×0.0×
Current ratio4.5×+0.7×

Segments

By segment

See full
United States$838.9M+7.3%
Europe$341.8M+4.8%
Rest of World$150.2M+10.6%
Japan$81.8M-4.9%

By product

See full
Transcatheter Aortic Valve Replacement$1.0B+3.8%
Transcatheter Mitral and Tricuspid Therapies$115.2M+58.0%

Versus estimates

Revenue

Q1 2026$1.6BBeat by $51.8MQ4 2025$1.6BBeat by $22.7MQ3 2025$1.6BBeat by $55.3MQ2 2025$1.5BBeat by $44.2M
Q1 2025$1.4BBeat by $12.2M
Q4 2024$1.4BBeat by $26.9M

Diluted EPS

Q1 2026$0.78Beat by $0.05Q4 2025$0.58Miss by $0.04Q3 2025$0.67Beat by $0.07Q2 2025$0.67Beat by $0.05
Q1 2025$0.64Beat by $0.04
Q4 2024$0.59Beat by $0.04

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Questions, answered.

When did Edwards Lifesciences report Q1 2025 earnings?
Edwards Lifesciences (EW) reported Q1 2025 earnings on April 23, 2025 after market close.
What were Edwards Lifesciences's Q1 2025 revenue and EPS?
Edwards Lifesciences reported revenue of $1.4B and diluted EPS of $0.64 for Q1 2025.
Did Edwards Lifesciences beat estimates in Q1 2025?
Revenue beat the consensus estimate of $1.4B by $12.2M. EPS beat the consensus estimate of $0.60 by $0.04.
How did Edwards Lifesciences's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 11.6% from $1.6B a year earlier and diluted EPS declined 3.0% from $0.66.
Where can I find Edwards Lifesciences's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001099800-25-000023) directly on SEC EDGAR. The filing index links above go to sec.gov.