We compute the Hilbert series of the graded algebra of real regular functions on the symplectic quotient associated to an SU2SU2-module and give an explicit expression for the first nonzero coefficient of the Laurent expansion of the Hilbert series at t=1t=1. Our expression for the Hilbert series indicates an algorithm to compute it, and we give the output of this algorithm for all representations of dimension at most 1010. Along the way, we compute the Hilbert series of the module of covariants of an arbitrary SL2SL2- or SU2SU2-module as well as its first three Laurent coefficients.