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) Operating margin
Medtronic PLC's operating margin over the twelve months to 31 July 2026 was 18.1%, up 0.3 percentage points from fiscal 2026 (17.8%). Over the past ten years it has ranged from 14.9% (fiscal 2021) to 22.2% (fiscal 2018); the current reading is higher than 50% of that period. That is above the Medical Devices industry median of −15.0% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2026 | 17.8% | 0.02 |
| FY2025 | 17.8% | 1.86 |
| FY2024 | 15.9% | (1.66) |
| FY2023 | 17.6% | (0.60) |
| FY2022 | 18.2% | 3.27 |
| FY2021 | 14.9% | (1.68) |
| FY2020 | 16.6% | (3.94) |
| FY2019 | 20.5% | (1.66) |
| FY2018 | 22.2% | 4.05 |
| FY2017 | 18.1% | (0.47) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jul 2026 | 18.1% | (1.02) |
| Apr 2026 | 19.1% | 2.88 |
| Jan 2026 | 16.2% | (2.59) |
| Oct 2025 | 18.8% | 1.98 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| DXCM DexCom, Inc. compare | 22.9% |
| EW Edwards Lifesciences Corporation compare | 22.3% |
| SYK Stryker Corporation compare | 21.4% |
| BSX Boston Scientific Corporation compare | 19.8% |
| STE STERIS plc compare | 18.9% |
| MDT Medtronic PLC | 18.1% |
| ABT Abbott Laboratories compare | 15.8% |
| GEHC GE HealthCare Technologies Inc. compare | 12.9% |
| PHG Koninklijke Philips N.V. compare | 9.64% |
| Medical Devices industry median | −15.0% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MDT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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