MDT
Medtronic PLC
NYSE: MDT · HEALTHCARE · MEDICAL DEVICES
$80.97
+2.02% today
Updated 2026-04-29
Market cap
$106.97B
P/E ratio
23.27
P/S ratio
3.02x
EPS (TTM)
$3.58
Dividend yield
3.38%
52W range
$77 – $105
Volume
8.3M
Medtronic PLC (MDT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.29B | $12.30B | $13.52B | $14.60B | $15.82B | $15.93B | $16.18B | $16.59B | $17.00B | $20.26B | $28.83B | $29.71B | $29.95B | $30.56B | $28.91B | $30.12B | $31.69B | $31.23B | $32.36B | $33.54B |
| Revenue growth (YoY) | — | +8.9% | +9.9% | +8.0% | +8.3% | +0.7% | +1.6% | +2.5% | +2.5% | +19.1% | +42.3% | +3.0% | +0.8% | +2.0% | -5.4% | +4.2% | +5.2% | -1.4% | +3.6% | +3.6% |
| Cost of revenue | $2.81B | $3.17B | $3.45B | $3.52B | $3.58B | $3.70B | $3.89B | $4.13B | $4.33B | $6.31B | $9.14B | $9.29B | $9.07B | $9.15B | $9.42B | $10.48B | $10.14B | $10.72B | $11.22B | $11.63B |
| Gross profit | $8.48B | $9.13B | $10.07B | $11.08B | $11.81B | $11.81B | $12.29B | $12.46B | $12.67B | $13.95B | $19.69B | $20.42B | $20.89B | $21.40B | $19.49B | $19.63B | $21.54B | $20.51B | $21.15B | $21.91B |
| Gross margin | 75.1% | 74.2% | 74.5% | 75.9% | 74.7% | 74.1% | 76.0% | 75.1% | 74.5% | 68.9% | 68.3% | 68.7% | 69.7% | 70.0% | 67.4% | 65.2% | 68.0% | 65.7% | 65.3% | 65.3% |
| R&D | $1.11B | $1.24B | $1.27B | $1.35B | $1.46B | $1.51B | $1.49B | $1.56B | $1.48B | $1.64B | $2.22B | $2.19B | $2.26B | $2.33B | $2.33B | $2.49B | $2.75B | $2.70B | $2.73B | $2.73B |
| SG&A | $4.77B | $5.39B | $5.98B | $6.51B | $6.88B | $7.04B | $7.11B | $7.25B | $7.32B | $6.90B | $9.47B | $10.02B | $9.95B | $10.23B | $9.88B | $10.15B | $10.29B | $10.41B | $10.74B | $10.85B |
| Operating income | $3.71B | $3.74B | $3.65B | $3.46B | $4.79B | $4.46B | $4.48B | $4.40B | $3.81B | $3.77B | $5.36B | $5.38B | $6.64B | $6.27B | $4.79B | $4.48B | $5.75B | $5.49B | $5.14B | $5.96B |
| Operating margin | 32.8% | 30.4% | 27.0% | 23.7% | 30.3% | 28.0% | 27.7% | 26.5% | 22.4% | 18.6% | 18.6% | 18.1% | 22.2% | 20.5% | 16.6% | 14.9% | 18.2% | 17.6% | 15.9% | 17.8% |
| EBITDA | $4.25B | $4.32B | $3.78B | $3.51B | $5.12B | $4.92B | $5.33B | $5.46B | $4.93B | $5.46B | $8.54B | $8.61B | $9.46B | $9.30B | $7.81B | $7.52B | $8.78B | $8.70B | $8.20B | $9.22B |
| EBITDA margin | 37.6% | 35.1% | 27.9% | 24.0% | 32.4% | 30.9% | 32.9% | 32.9% | 29.0% | 26.9% | 29.6% | 29.0% | 31.6% | 30.4% | 27.0% | 25.0% | 27.7% | 27.9% | 25.3% | 27.5% |
| EBIT | $3.71B | $3.74B | $3.14B | $2.81B | $4.35B | $4.11B | $4.46B | $4.64B | $4.08B | $4.15B | $5.72B | $5.70B | $6.82B | $6.64B | $5.15B | $4.82B | $6.07B | $6.00B | $5.56B | $6.36B |
| Interest expense | $0.00 | $0.00 | $255.00M | $371.00M | $402.00M | $450.00M | $349.00M | $388.00M | $379.00M | $666.00M | $1.39B | $1.09B | $1.15B | $1.44B | $1.09B | $925.00M | $553.00M | $636.00M | $719.00M | $729.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.55B | $2.80B | $2.23B | $2.17B | $3.10B | $3.10B | $3.62B | $3.47B | $3.06B | $2.67B | $3.54B | $4.03B | $3.10B | $4.63B | $4.79B | $3.61B | $5.04B | $3.76B | $3.68B | $4.66B |
| Net income growth (YoY) | — | +10.0% | -20.4% | -2.8% | +42.9% | -0.1% | +16.8% | -4.1% | -11.6% | -12.7% | +32.3% | +13.8% | -22.9% | +49.2% | +3.4% | -24.7% | +39.7% | -25.4% | -2.2% | +26.8% |
| Profit margin | 22.6% | 22.8% | 16.5% | 14.9% | 19.6% | 19.4% | 22.3% | 20.9% | 18.0% | 13.2% | 12.3% | 13.6% | 10.4% | 15.2% | 16.6% | 12.0% | 15.9% | 12.0% | 11.4% | 13.9% |