Medtronic revenue and financials

MDT · NYSE · USD

$87.09−1.00%−$0.88

Close · October 6, 2026

In the fiscal year ended April 2026, Medtronic reported revenue of $36.36B (+8.43% year over year). Net income was $4.8B, a net margin of 13.2%.

Annual revenue · 2026: $36.36B

$29.71B2017
$29.95B2018
$30.56B2019
$28.91B2020
$30.12B2021
$31.69B2022
$31.23B2023
$32.36B2024
$33.54B2025
$36.36B2026

Fiscal year ending in April. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +8.43%; FY to Apr 2026 vs FY to Apr 2025
Net income growth: +2.98%; FY to Apr 2026 vs FY to Apr 2025
Net margin: 13.2%; FY to Apr 2025: 13.9%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
Item	Q to Jul 2026	Q to Apr 2026	Q to Jan 2026	Q to Oct 2025	Q to Jul 2025	Q to Apr 2025	Q to Jan 2025	Q to Oct 2024	Q to Jul 2024	Q to Apr 2024	Q to Jan 2024	Q to Oct 2023
Total assets	93,306	93,028	91,485	91,346	90,972	91,680	89,973	90,042	89,749	89,981	90,836	90,087
Current assets	24,390	24,787	24,071	23,996	23,223	23,814	22,513	22,438	21,947	21,935	22,513	22,081
Cash and equivalents	1,691	1,949	1,147	1,282	1,273	2,218	1,240	1,394	1,311	1,284	1,623	1,311
Short-term investments	7,128	7,271	7,236	7,045	6,848	6,747	6,682	6,595	6,532	6,721	6,698	6,423
Receivables	6,357	6,643	6,359	6,389	6,263	6,515	6,115	6,260	6,011	6,128	5,968	5,934
Inventory	6,215	5,951	6,309	6,156	5,886	5,476	5,610	5,479	5,414	5,217	5,726	5,754
Net property, plant and equipment	7,473	8,614	7,179	7,164	7,006	7,937	6,593	6,438	6,282	7,143	5,838	5,735
Goodwill	43,187	42,587	41,892	41,811	42,007	41,737	40,819	41,161	41,084	40,986	41,160	40,821
Other intangible assets	10,238	10,146	10,335	10,770	11,223	11,667	12,184	12,423	12,819	13,225	13,690	14,060
Long-term investments	948	858	1,037	885	884	984	1,262	1,296	1,338	1,315	1,622	1,564
Current liabilities	11,799	11,658	9,495	9,935	11,530	12,879	11,840	12,195	10,287	10,789	9,793	9,659
Accounts payable	2,695	2,644	2,569	2,581	2,555	2,449	2,286	2,376	2,291	2,410	1,992	2,174
Long-term debt	25,565	26,119	27,822	27,625	26,128	25,590	23,935	24,557	26,260	23,877	24,097	23,685
Total debt	28,153	—	—	—	—	—	—	—	—	—	—	—
Total liabilities	42,456	42,956	42,289	42,490	42,839	43,424	40,358	41,326	41,589	39,561	38,840	38,440
Total equity (incl. minority)	50,850	50,072	49,196	48,856	48,133	48,256	49,615	48,716	48,160	50,420	51,996	51,647
Retained earnings	33,187	32,638	32,303	32,070	31,606	31,476	31,317	30,919	30,547	30,403	30,661	30,256
Minority interest	618	609	211	204	240	232	228	222	213	206	204	187