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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) is the leading global structural heart innovation company dedicated to improving patient lives through breakthrough cardiovascular technologies. The company operates through three primary product segments: Transcatheter Aortic Valve Replacement (TAVR), which represented 74%… From the company’s description.

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) is the leading global structural heart innovation company dedicated to improving patient lives through breakthrough cardiovascular technologies. The company operates through three primary product segments: Transcatheter Aortic Valve Replacement (TAVR), which represented 74% of net sales in 2025; Transcatheter Mitral and Tricuspid Therapies (TMTT), representing 9% of net sales; and Surgical Structural Heart, representing 17% of net sales. Edwards develops both surgical and transcatheter therapies for aortic, mitral, tricuspid, and pulmonic heart valve diseases, offering patients a comprehensive portfolio of repair and replacement technologies.

The company's flagship TAVR products include the SAPIEN family of valves, which have been implanted in approximately 1.2 million patients worldwide since commercialization began in Europe in 2007 and in the United States in 2011. The TMTT portfolio comprises the PASCAL transcatheter repair system, EVOQUE tricuspid valve replacement system, and SAPIEN M3 mitral valve replacement system. In surgical therapies, Edwards markets the INSPIRIS RESILIA aortic valve and MITRIS RESILIA mitral valve, both featuring proprietary RESILIA tissue technology.

Edwards operates manufacturing facilities across multiple geographies including the United States, Singapore, Costa Rica, and Ireland to ensure continuity of care globally. The company maintains approximately 16,000 employees worldwide, with significant operations concentrated in the United States, Singapore, and Costa Rica. In 2025, 58% of net sales were derived from the United States market, while 42% came from international operations, with Europe representing 60% of international sales, Japan 14%, and Rest of World 26%.

The company sells its products in approximately 100 countries through a combination of direct sales forces and independent distributors. Edwards invests substantially in research and development, allocating approximately 18% of 2025 sales to innovation efforts, with particular focus on transcatheter structural heart programs and clinical evidence generation. Founded over six decades ago by Miles "Lowell" Edwards, the company remains committed to its strategy of transformative product innovation supported by world-class clinical evidence and comprehensive patient support systems. More information is available at 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

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