What is Medtronic's change in AP?

Medtronic (MDT) reported change in AP of $123M in Q1 2026.

How has Medtronic's change in AP changed year-over-year?

Medtronic's change in AP decreased by 66.4% year-over-year, from $366M to $123M.

What is the long-term trend for Medtronic's change in AP?

Over 4 years (2022 to 2026), Medtronic's change in AP has grown at a -31.8% compound annual growth rate (CAGR), from $213M to $46M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Medtronic MDT Change in AP

Change in AP at other companies

TFX

TeleflexTFX

$8.2M+147%

Johnson & JohnsonJNJ

-$3.92B-84.4%

ArtivionAORT

-$8.7M+45.8%

CONMEDCNMD

$10.48M+243%

Merit Medical SystemsMMSI

$4.49M+0.9%

Orthofix Medical Inc.OFIX

-$4.37M-75.2%

Other financials

Income statement

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Revenue$9.8B+9.9%

Gross profit$6.4B+10.9%

Operating income$1.9B+30.4%

Net income$1.2B+17.8%

EPS (diluted)$0.97+18.3%

Balance sheet

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Cash & equivalents$1.9B-12.1%

Total debt$29.2B-1.6%

Total equity$49.5B+3.0%

Total assets$93.0B+1.5%

Cash flow

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Operating cash flow$2.6B+1.8%

CapEx$488.0M+6.3%

Free cash flow$2.1B+0.8%

Valuation

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Market cap$100.14B-9.3%

Enterprise value$127.4B-7.6%

P/E20.9×-2.8×

P/S2.8×-0.5×

Profitability

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Gross margin65%-0.3pp

Operating margin17.8%0.0pp

Net margin13.2%-0.7pp

FCF margin14.9%-0.5pp

Returns & leverage

See full

Return on equity9.8%+0.4pp

Debt / equity0.6×0.0×

Current ratio2.1×+0.3×

Where this comes from

Reported directly by Medtronic in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: Medtronic’s 10-K, filed June 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Medtronic's change in AP?: Medtronic (MDT) reported change in AP of $123M in Q1 2026.
How has Medtronic's change in AP changed year-over-year?: Medtronic's change in AP decreased by 66.4% year-over-year, from $366M to $123M.
What is the long-term trend for Medtronic's change in AP?: Over 4 years (2022 to 2026), Medtronic's change in AP has grown at a -31.8% compound annual growth rate (CAGR), from $213M to $46M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.