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Companies / Health Care / Edwards Lifesciences
EW

Edwards Lifesciences

Health CareMedical InstrumentsS&P 500
Ticker EWIRVINE, CAFiscal year ends DecemberBook value per share $18.33Diluted shares 579.2M

Edwards Lifesciences Corporation (NYSE: EW) develops and sells medical technologies for structural heart disease, serving patients through products used by cardiac surgeons and interventional cardiologists, as well as hospitals and other health care providers. Its portfolio spans transcatheter aortic valve replacement… From the company’s description.

In fiscal 2025, Edwards Lifesciences reported revenue of $6.07B, up 11.5% from fiscal 2024, and net income of $1.07B. Its operating margin was 20.8%, and operations generated $1.60B in cash. Over the twelve months to Jun 30, 2026, revenue was $6.51B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$6.07BFY2025
+11.5% year over year
Last 12 mo $6.51B
20.84%FY2025
−4.5 percentage points
Last 12 mo 22.25%
$1.07BFY2025
−74.4% year over year
Last 12 mo $1.00B
11.56%FY2025
−30.9 percentage points
Last 12 mo 9.46%
Cash & financing
$1.60BFY2025
+194.2% year over year
Last 12 mo $1.72B
$1.33BFY2025
+360.5% year over year
Last 12 mo $1.47B
0.06FY2025
Was 0.07× a year earlier
Last 12 mo 0.06
585.8MFY2025
−2.3% year over year
Last 12 mo 579.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Edwards Lifesciences does

In the company’s own words

Edwards Lifesciences Corporation (NYSE: EW) develops and sells medical technologies for structural heart disease, serving patients through products used by cardiac surgeons and interventional cardiologists, as well as hospitals and other health care providers. Its portfolio spans transcatheter aortic valve replacement (TAVR), transcatheter mitral and tricuspid therapies (TMTT), and surgical structural heart products. TAVR includes the SAPIEN family of valves and represented 74% of 2025 net sales; TMTT includes PASCAL, EVOQUE and SAPIEN M3 systems and represented 9%; surgical products include tissue heart valves and annuloplasty rings and represented 17%. The company sells in approximately 100 countries through direct sales forces and independent distributors, with 58% of 2025 net sales from the United States. Edwards Lifesciences reported approximately 16,000 employees worldwide as of December 31, 2025. Its website is www.edwards.com.

Company details
Sector
Health Care
Industry (SIC)
Medical Instruments
Headquarters
IRVINE, CA
Fiscal year end
December
CIK
1099800
SIC
3842

Financial performance, year by year

Fiscal 2013–2025 · USD
$-651.23M$1.30B$3.26B$5.21B$7.16B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Edwards Lifesciences — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

809
funds hold it
0 of 35
superinvestors hold it
$17.18B
held by funds, at market
33.7%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Edwards Lifesciences’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.07%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.08%of fund net assets
VANGUARD HEALTH CARE FUND
VGHCX · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.50%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.08%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Edwards Lifesciences’s bonds, as funds hold them

Funds report holding 1 issues of Edwards Lifesciences’s debt, $138.06M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.30%, maturing 2028 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Edwards Lifesciences and its peers compare on margins and cash generation over ten years?”
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