Medtronic (MDT) Financial Statements & Analysis

Medtronic (MDT) Income Statement

Medtronic reported revenue of $36.36B in fiscal 2026 (fiscal year ended Apr 30, 2026), up 8.4% from $33.54B a year earlier. Net income was $4.80B, up 3.0% year over year, a net margin of 13.2%. Gross margin was 65.0% and operating margin 18.8%. In the most recent quarter, Q1 fiscal 2027 (ended Jul 31, 2026), revenue was $9.76B, up 13.7% from the same quarter a year earlier.

Medtronic Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Medtronic plc income statement - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Apr 2026	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Revenue & Gross Profit
Revenue	36.36	33.54	32.36	31.23	31.69	30.12	28.91	30.56	29.95	29.71
Cost of Revenue	12.72	11.63	11.22	10.72	10.15	10.48	9.42	9.16	9.07	9.29
Gross Profit	23.64	21.91	21.15	20.51	21.54	19.63	19.49	21.40	20.89	20.42
Operating Expenses
Research & Development	2.87	2.73	2.74	2.70	2.75	2.49	2.33	2.33	2.26	2.19
Selling, General & Administrative	11.78	10.85	10.74	10.42	10.29	10.15	10.11	10.42	10.24	10.02
Operating Expenses	16.82	15.37	15.63	14.68	15.79	15.15	14.70	15.13	14.25	15.03
Operating Income	6.83	6.54	5.52	5.83	5.75	4.48	4.79	6.27	6.64	5.38
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.72	0.73	0.72	0.64	0.55	0.93	1.09	1.44	1.15	1.09
Other Income/Expense	0.02	-0.18	0.04	0.17	-0.24	-0.59	-0.74	-1.07	-0.97	-0.78
Income
Income Before Tax	6.14	5.63	4.84	5.36	5.52	3.90	4.06	5.20	5.68	4.60
Income Tax Expense	1.30	0.94	1.13	1.58	0.46	0.27	-0.75	0.55	2.58	0.58
Net Income	4.80	4.66	3.68	3.76	5.04	3.61	4.79	4.63	3.10	4.03
Net Income - Continuous Operations	4.84	4.69	3.71	3.78	5.04	3.61	4.79	4.63	3.10	4.03
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	9.81	9.22	8.20	8.70	8.78	7.52	7.81	9.30	9.47	8.61
EBIT	6.85	6.36	5.56	6.00	6.07	4.48	-	-	-	-
Depreciation & Amortization	1.77	1.81	1.69	1.70	2.71	2.70	2.66	2.66	2.64	2.92
Earnings Per Share
Basic EPS	4.00	4.00	3.00	3.00	4.00	3.00	4.00	3.00	2.00	3.00
Diluted EPS	4.00	4.00	3.00	3.00	4.00	3.00	4.00	3.00	2.00	3.00
Basic Shares Outstanding	1.28	1.29	1.33	1.33	1.34	1.34	1.34	1.35	1.36	1.38
Diluted Shares Outstanding	1.29	1.29	1.33	1.33	1.35	1.35	1.35	1.36	1.37	1.39

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Medtronic Financial Statements

What was Medtronic's revenue in fiscal 2026?

Medtronic reported revenue of $36.36B in fiscal 2026 (fiscal year ended Apr 30, 2026). That was up 8.4% from $33.54B a year earlier.

Is Medtronic profitable?

Yes. Medtronic earned net income of $4.80B in fiscal 2026, a net margin of 13.2%. In fiscal 2025 it earned $4.66B.

What is Medtronic's operating margin?

Medtronic's operating income was $6.83B on revenue of $36.36B in fiscal 2026, an operating margin of 18.8%, compared with 19.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition