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) Net margin
Medtronic PLC's net margin over the twelve months to 31 July 2026 was 13.9%, up 0.7 percentage points from fiscal 2026 (13.2%). Over the past ten years it has ranged from 10.4% (fiscal 2018) to 16.6% (fiscal 2020); the current reading is higher than 58% of that period. That is above the Medical Devices industry median of −20.4% and above the Healthcare sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2026 | 13.2% | (0.70) |
| FY2025 | 13.9% | 2.54 |
| FY2024 | 11.4% | (0.67) |
| FY2023 | 12.0% | (3.87) |
| FY2022 | 15.9% | 3.93 |
| FY2021 | 12.0% | (4.59) |
| FY2020 | 16.6% | 1.40 |
| FY2019 | 15.2% | 4.80 |
| FY2018 | 10.4% | (3.20) |
| FY2017 | 13.6% | 1.29 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jul 2026 | 15.1% | 2.39 |
| Apr 2026 | 12.7% | 0.00 |
| Jan 2026 | 12.7% | (2.65) |
| Oct 2025 | 15.3% | 3.21 |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| DXCM DexCom, Inc. compare | 20.1% |
| BSX Boston Scientific Corporation compare | 17.5% |
| EW Edwards Lifesciences Corporation compare | 15.4% |
| SYK Stryker Corporation compare | 14.4% |
| MDT Medtronic PLC | 13.9% |
| STE STERIS plc compare | 13.3% |
| ABT Abbott Laboratories compare | 11.7% |
| GEHC GE HealthCare Technologies Inc. compare | 9.33% |
| PHG Koninklijke Philips N.V. compare | 6.24% |
| Medical Devices industry median | −20.4% |
| Healthcare sector median | 0.00% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on MDT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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