Medtronic plc (MDT) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Medtronic plc (MDT) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MDT Income Statement

Medtronic plc (MDT) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22

Sales/Revenue	9.76B	9.81B	9.02B	8.96B	8.58B	8.93B	8.29B	8.4B	7.92B	8.59B	8.09B	7.98B	7.7B	8.54B	7.73B	7.58B	7.37B	8.09B	7.76B	7.85B
Revenue Growth %	13.73%	9.86%	8.76%	6.64%	8.38%	3.94%	2.51%	5.25%	2.77%	0.53%	4.68%	5.26%	4.49%	5.62%	-0.46%	-3.34%	-7.71%	-1.21%	-0.15%	2.62%
Cost of Goods Sold	3.42B	2.37B	3.17B	3.56B	3.63B	3.15B	2.78B	2.95B	2.76B	3.04B	2.78B	2.76B	2.63B	2.98B	2.69B	2.54B	2.52B	2.59B	2.46B	2.5B
COGS % of Revenue	35.01%	24.14%	35.11%	39.68%	42.34%	35.25%	33.51%	35.06%	34.88%	35.44%	34.39%	34.58%	34.12%	34.87%	34.8%	33.42%	34.13%	32.03%	31.68%	31.82%
Gross Profit	6.34B	7.44B	5.85B	5.41B	4.95B	5.78B	5.51B	5.46B	5.15B	5.54B	5.31B	5.22B	5.07B	5.57B	5.04B	5.05B	4.86B	5.5B	5.3B	5.35B
Gross Margin %	64.99%	75.87%	64.88%	60.32%	57.66%	64.75%	66.49%	64.94%	65.12%	64.56%	65.61%	65.42%	65.88%	65.15%	65.2%	66.58%	65.87%	67.97%	68.32%	68.18%
Gross Profit Growth %	28.18%	28.74%	6.13%	-0.95%	-4.04%	4.24%	3.88%	4.48%	1.58%	-0.38%	5.34%	3.43%	4.51%	1.24%	-5.02%	-5.61%	-9.91%	-0.67%	2.91%	8.26%
Operating Expenses	4.58B	5.88B	4.08B	3.72B	3.5B	4.34B	3.87B	3.86B	3.88B	4.49B	3.82B	3.88B	3.81B	4B	3.65B	3.65B	3.73B	3.83B	3.65B	3.79B
OpEx % of Revenue	46.9%	59.96%	45.22%	41.51%	40.81%	48.66%	46.64%	45.96%	48.97%	52.3%	47.27%	48.63%	49.42%	46.83%	47.19%	48.07%	50.6%	47.31%	46.95%	48.26%
Selling, General & Admin	3.2B	3.06B	2.96B	2.97B	2.81B	2.72B	2.72B	2.76B	2.65B	2.77B	2.67B	2.69B	2.61B	2.62B	2.62B	2.62B	2.57B	2.57B	2.56B	2.62B
SG&A % of Revenue	32.78%	31.17%	32.77%	33.1%	32.71%	30.47%	32.77%	32.81%	33.54%	32.19%	33.04%	33.64%	33.93%	30.62%	33.84%	34.5%	34.83%	31.76%	32.99%	33.32%
Research & Development	771M	671M	722M	754M	726M	684M	675M	697M	676M	675M	695M	698M	668M	639M	688M	676M	692M	652M	657M	676M
R&D % of Revenue	7.9%	6.84%	8.01%	8.41%	8.46%	7.66%	8.14%	8.29%	8.54%	7.86%	8.59%	8.74%	8.67%	7.48%	8.9%	8.91%	9.39%	8.06%	8.46%	8.61%
Other Operating Expenses	1000K	1000K	1000K	0	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	1.76B	1.56B	1.77B	1.69B	1.45B	1.44B	1.65B	1.59B	1.28B	1.05B	1.48B	1.34B	1.27B	1.56B	1.39B	1.4B	1.13B	1.67B	1.66B	1.56B
Operating Margin %	18.08%	15.95%	19.66%	18.8%	16.85%	16.09%	19.85%	18.98%	16.15%	12.26%	18.33%	16.78%	16.46%	18.32%	18.01%	18.51%	15.26%	20.66%	21.37%	19.92%
Operating Income Growth %	22.08%	8.91%	7.72%	5.64%	13.07%	36.37%	10.99%	19.03%	0.79%	-32.72%	6.54%	-4.56%	12.71%	-6.34%	-16.09%	-10.17%	30.97%	4.11%	29.91%	68.06%
EBITDA	1.96B	2.19B	2.68B	2.27B	2.19B	2.28B	2.33B	2.27B	1.94B	1.71B	2.13B	2.01B	1.94B	2.24B	2.07B	2.08B	1.79B	2.36B	2.33B	2.24B
EBITDA Margin %	20.04%	22.32%	29.7%	25.38%	25.57%	25.5%	28.1%	27.01%	24.51%	19.87%	26.36%	25.2%	25.19%	26.26%	26.8%	27.36%	24.33%	29.16%	30.03%	28.53%
EBITDA Growth %	-10.85%	-3.82%	14.94%	0.18%	13.04%	33.33%	9.29%	12.82%	0%	-23.93%	2.95%	-3.04%	8.2%	-4.87%	-11.15%	-7.32%	17.19%	3.06%	19.23%	39.85%
D&A (Non-Cash Add-back)	0	625M	905M	589M	748M	840M	684M	675M	662M	654M	649M	672M	672M	679M	679M	671M	668M	688M	672M	676M
EBIT	1.96B	2.01B	1.58B	1.78B	1.48B	1.44B	1.72B	1.77B	1.44B	1.06B	1.66B	1.49B	1.34B	1.74B	1.54B	1.51B	1.21B	1.75B	1.73B	1.63B
Net Interest Income	-186M	-331M	-60M	-181M	-143M	-174M	-179M	-209M	-167M	-202M	-188M	-180M	-148M	-187M	-167M	-118M	-164M	-143M	-137M	-136M
Interest Income	0	-154M	121M	0	33M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	186M	177M	181M	181M	176M	174M	179M	209M	167M	202M	188M	180M	148M	187M	167M	118M	164M	143M	137M	136M
Other Income/Expense	5M	270M	-369M	-89M	-143M	-175M	-106M	-36M	-10M	-197M	-11M	-27M	-72M	-14M	-17M	-9M	-81M	-69M	-70M	-70M
Pretax Income	1.77B	1.83B	1.4B	1.6B	1.3B	1.26B	1.54B	1.56B	1.27B	856M	1.47B	1.31B	1.2B	1.55B	1.38B	1.4B	1.04B	1.6B	1.59B	1.49B
Pretax Margin %	18.13%	18.7%	15.57%	17.81%	15.18%	14.13%	18.57%	18.55%	16.02%	9.97%	18.2%	16.45%	15.53%	18.15%	17.79%	18.39%	14.16%	19.8%	20.47%	19.03%
Income Tax	289M	575M	254M	215M	255M	199M	237M	281M	220M	197M	135M	402M	400M	362M	146M	959M	112M	110M	106M	176M
Effective Tax Rate %	16.34%	31.35%	18.09%	13.47%	19.59%	15.78%	15.39%	18.02%	17.35%	23.01%	9.17%	30.62%	33.44%	23.34%	10.62%	68.75%	10.73%	6.87%	6.67%	11.79%
Net Income	1.47B	1.24B	1.14B	1.37B	1.04B	1.06B	1.29B	1.27B	1.04B	654M	1.32B	909M	791M	1.18B	1.22B	427M	929M	1.49B	1.48B	1.31B
Net Margin %	15.07%	12.67%	12.67%	15.33%	12.12%	11.84%	15.61%	15.11%	13.16%	7.61%	16.34%	11.39%	10.27%	13.8%	15.81%	5.63%	12.6%	18.36%	19.06%	16.71%
Net Income Growth %	41.35%	17.6%	-11.67%	8.19%	-0.19%	61.62%	-2.12%	39.71%	31.73%	-44.53%	8.18%	112.88%	-14.85%	-20.61%	-17.43%	-67.43%	21.76%	9.11%	16.54%	168.1%
Net Income (Continuing)	1.48B	1.26B	1.15B	1.38B	1.05B	1.06B	1.3B	1.28B	1.05B	659M	1.34B	911M	797M	1.19B	1.23B	435M	932M	1.49B	1.48B	1.32B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	618M	609M	211M	204M	240M	232M	228M	222M	213M	206M	204M	187M	188M	182M	177M	177M	170M	171M	171M	168M
EPS (Diluted)	1.14	0.96	0.89	1.07	0.81	0.82	1.01	0.99	0.80	0.49	0.99	0.68	0.59	0.88	0.92	0.32	0.70	1.10	1.10	0.97
EPS Growth %	40.74%	17.07%	-11.88%	8.08%	1.25%	67.35%	2.02%	45.59%	35.59%	-44.32%	7.61%	112.5%	-15.71%	-20%	-16.36%	-67.01%	25%	10%	17.02%	169.44%
EPS (Basic)	1.15	0.98	0.89	1.07	0.81	0.82	1.01	0.99	0.81	0.49	0.99	0.68	0.59	0.89	0.92	0.32	0.70	1.11	1.10	0.97
Diluted Shares Outstanding	1.29B	1.29B	1.29B	1.29B	1.29B	1.29B	1.29B	1.29B	1.3B	1.33B	1.33B	1.33B	1.33B	1.33B	1.33B	1.33B	1.33B	1.34B	1.35B	1.36B
Basic Shares Outstanding	1.28B	1.28B	1.28B	1.28B	1.28B	1.28B	1.28B	1.28B	1.29B	1.32B	1.33B	1.33B	1.33B	1.33B	1.33B	1.33B	1.33B	1.34B	1.34B	1.35B
Dividend Payout Ratio	62.65%	73.05%	79.7%	66.23%	87.5%	84.86%	69.32%	70.63%	86.18%	139.6%	69.36%	100.99%	116.06%	76.76%	73.98%	211.71%	97.2%	56.77%	57.23%	64.61%