Financials in USD. Standardized financial statements.
A compact view of how Medtronic plc turns revenue into operating income and net income.
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $36.36B | $33.54B | $32.36B | $31.23B | $31.69B | $30.12B | $28.91B | $30.56B | $29.95B | $29.71B |
| Revenue Growth? | +8.4% | +3.6% | +3.6% | -1.4% | +5.2% | +4.2% | -5.4% | +2.0% | +0.8% | 0.0% |
| Cost of Revenue? | $12.72B | $11.63B | $11.22B | $10.72B | $10.14B | $10.48B | $9.42B | $9.15B | $9.07B | $9.29B |
| Gross Profit? | $23.64B | $21.91B | $21.15B | $20.51B | $21.54B | $19.63B | $19.49B | $21.40B | $20.89B | $20.42B |
| Gross Margin? | +65.0% | +65.3% | +65.3% | +65.7% | +68.0% | +65.2% | +67.4% | +70.0% | +69.7% | +68.7% |
| Operating Expenses? | $17.18B | $15.95B | $16.00B | $15.02B | $15.79B | $15.15B | $14.70B | $15.13B | $14.25B | $15.03B |
| Operating Income? | $6.47B | $5.96B | $5.14B | $5.49B | $5.75B | $4.48B | $4.79B | $6.27B | $6.64B | $5.38B |
| EBITDA? | $6.85B | $9.22B | $8.20B | $8.70B | $8.78B | $7.52B | $7.81B | $9.30B | $9.46B | $8.61B |
| Income Before Tax | $6.14B | $5.63B | $4.84B | $5.36B | $5.52B | $3.90B | $4.05B | $5.20B | $5.67B | $4.60B |
| Income Tax Expense | $1.30B | $936.00M | $1.13B | $1.58B | $456.00M | $265.00M | -$751.00M | $547.00M | $2.58B | $578.00M |
| Net Income? | $4.80B | $4.66B | $3.68B | $3.76B | $5.04B | $3.61B | $4.79B | $4.63B | $3.10B | $4.03B |
| EPS? | $3.75 | $3.63 | $2.77 | $2.83 | $3.75 | $2.68 | $3.57 | $3.44 | $2.29 | $2.92 |
| Diluted EPS? | $3.73 | $3.61 | $2.76 | $2.82 | $3.73 | $2.66 | $3.54 | $3.41 | $2.27 | $2.89 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality