Medtronic PLC
MDT Healthcare Medical Devices
Medtronic PLC’s revenue for fiscal 2026 (year ended April 2026) was $36.4 billion, up 8.43% from fiscal 2025. In the quarter to July 2026, revenue grew 13.7%, EPS grew 42.0%, free cash flow grew 120.9% and total debt fell 1.59%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.
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Medtronic PLC (MDT) Gross margin
Medtronic PLC's gross margin over the twelve months to 31 July 2026 was 65.0%, down 0.0 percentage points from fiscal 2026 (65.0%). Over the past ten years it has ranged from 65.0% (fiscal 2026) to 70.0% (fiscal 2019) — the current reading is the lowest in ten years. That is above the Medical Devices industry median of 56.0% and above the Healthcare sector median of 53.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 65.0% | (0.30) |
| FY2025 | 65.3% | (0.02) |
| FY2024 | 65.3% | (0.33) |
| FY2023 | 65.7% | (2.31) |
| FY2022 | 68.0% | 2.79 |
| FY2021 | 65.2% | (2.22) |
| FY2020 | 67.4% | (2.63) |
| FY2019 | 70.0% | 0.31 |
| FY2018 | 69.7% | 1.01 |
| FY2017 | 68.7% | 0.43 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jul 2026 | 65.0% | (0.36) |
| Apr 2026 | 65.4% | 1.52 |
| Jan 2026 | 63.8% | (2.01) |
| Oct 2025 | 65.8% | 0.82 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| EW Edwards Lifesciences Corporation compare | 77.8% |
| BSX Boston Scientific Corporation compare | 69.9% |
| MDT Medtronic PLC | 65.0% |
| SYK Stryker Corporation compare | 65.0% |
| DXCM DexCom, Inc. compare | 62.5% |
| ABT Abbott Laboratories compare | 56.6% |
| PHG Koninklijke Philips N.V. compare | 45.9% |
| STE STERIS plc compare | 44.4% |
| GEHC GE HealthCare Technologies Inc. compare | 39.5% |
| Medical Devices industry median | 56.0% |
| Healthcare sector median | 53.5% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on MDT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement