Edwards Lifesciences (EW) financials and P/E

Edwards Lifesciences Corporation reported revenue of $1.7B for the quarter to 30 Sep 2026 (Q3 FY26), up 10.5% on a year earlier.

Edwards Lifesciences Corporation fundamentals

Last close
107.15 (13 Nov 2026, Yahoo Finance)
Market value
$61.6B (0.57B shares, 10-Q cover 31 Oct 2026, × close)
P/E, trailing
60.5 (107.15 ÷ $1.77 diluted EPS, last four quarters)
Price to sales
9.2 (market value ÷ $6.7B revenue, last four quarters)
Free cash flow yield
2.3% ($1.4B free cash flow, last four quarters ÷ market value)
Dividend yield
—
Net cash
$4.0B (cash and short-term investments minus debt, 30 Sep 2026)
Edwards Lifesciences Corporation: last four quarters ($ millions unless shown)
Q4 FY25*
to 31 Dec 2025
Q1 FY26
to 31 Mar 2026
Q2 FY26*
to 30 Jun 2026
Q3 FY26*
to 30 Sep 2026
Revenue1569.61648.61741.01715.5
Revenue vs a year earlier+13.3%+16.7%+13.6%+10.5%
Operating income151.1477.6513.2299.1
Operating margin9.6%29.0%29.5%17.4%
Net income91.2380.7241.9307.5
Diluted EPS$0.16$0.66$0.42$0.53
Operating cash flow450.943.8651.9570.3
Capital spending97.464.966.963.6
Free cash flow353.5-21.1585.0506.7
Filing10-K, 25 Feb 202610-Q, 6 May 202610-Q, 4 Aug 202610-Q, 4 Nov 2026
Edwards Lifesciences Corporation: last 4 fiscal years ($ millions unless shown)
FY22
to 31 Dec 2022
FY23
to 31 Dec 2023
FY24
to 31 Dec 2024
FY25
to 31 Dec 2025
Revenue4464.05010.05439.56067.6
Revenue vs a year earlier-14.7%+12.2%+8.6%+11.5%
Operating income1498.41308.91378.71264.2
Operating margin33.6%26.1%25.3%20.8%
Net income1521.91402.44174.61073.5
Diluted EPS$2.44$2.30$6.97$1.83
Operating cash flow1218.2895.8542.31595.2
Capital spending244.6253.0252.4260.2
Free cash flow973.6642.8289.91335.0
Filing10-K, 28 Feb 202510-K, 25 Feb 202610-K, 25 Feb 202610-K, 25 Feb 2026

Balance sheet at 30 Sep 2026 (10-Q): cash and short-term investments $4.6B, debt $598.8M, shareholders’ equity $10.9B.

Free cash flow = operating cash flow − capital spending, as PYE Markets calculates it. * Not filed on its own: the year to date minus the earlier quarters, so per-share figures are approximate. Each column shows the latest filing that reports it. Source: SEC EDGAR XBRL company facts; price: Yahoo Finance daily close. Not investment advice.

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