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) Revenue growth
Medtronic PLC's revenue growth over the twelve months to 31 July 2026 was 9.77%, up 1.3 percentage points from fiscal 2026 (8.43%). Over the past ten years it has ranged from −5.38% (fiscal 2020) to 42.3% (fiscal 2016); the current reading is higher than 83% of that period. That is above the Medical Devices industry median of 8.80% and above the Healthcare sector median of 8.27%.
Revenue growth, annual
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Annual newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| FY2026 | 8.43% | 4.81 |
| FY2025 | 3.62% | (0.02) |
| FY2024 | 3.64% | 5.09 |
| FY2023 | −1.45% | (6.66) |
| FY2022 | 5.21% | 1.05 |
| FY2021 | 4.16% | 9.54 |
| FY2020 | −5.38% | (7.40) |
| FY2019 | 2.02% | 1.20 |
| FY2018 | 0.82% | (2.22) |
| FY2017 | 3.04% | (39.27) |
Quarterly newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| Jul 2026 | 13.7% | 3.86 |
| Apr 2026 | 9.87% | 1.13 |
| Jan 2026 | 8.74% | 2.10 |
| Oct 2025 | 6.64% | (1.74) |
| 43 more quarters | Free account |
Against its own ten years
Revenue growth against peers
| Company | Revenue growth |
|---|---|
| DXCM DexCom, Inc. compare | 15.5% |
| EW Edwards Lifesciences Corporation compare | 14.6% |
| BSX Boston Scientific Corporation compare | 13.5% |
| MDT Medtronic PLC | 9.77% |
| PHG Koninklijke Philips N.V. compare | 9.11% |
| SYK Stryker Corporation compare | 8.48% |
| STE STERIS plc compare | 8.37% |
| ABT Abbott Laboratories compare | 8.06% |
| GEHC GE HealthCare Technologies Inc. compare | 6.51% |
| Medical Devices industry median | 8.80% |
| Healthcare sector median | 8.27% |
| Market median | 7.41% |
What Revenue growth is
Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.
(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|
More on MDT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement