Goodwill
Medtronic Goodwill increased by 0.2% to $41.89B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 2.6%, from $40.82B to $41.89B. Over 4 years (FY 2021 to FY 2025), Goodwill shows relatively stable performance with a -0.1% CAGR.
Analysis
How to read this metric
High levels indicate a history of aggressive M&A activity, while sudden decreases signal impairment charges due to underperforming acquisitions.
Detailed definition
Goodwill represents the premium paid over the fair market value of net identifiable assets during an acquisition. It ref...
Peer comparison
Large medical device companies often have high goodwill due to frequent acquisitions of smaller, innovative technology firms.
goodwillHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $41.96B | $41.72B | $80M | $80M | $40.5B | $40.32B | $40.42B | $41.57B | $41.43B | $41.44B | $40.82B | $41.16B | $40.99B | $41.08B | $41.16B | $40.82B | $41.74B | $42.01B | $41.81B | $41.89B |
| QoQ Change | — | -0.6% | -99.8% | +0.0% | >999% | -0.4% | +0.2% | +2.8% | -0.3% | +0.0% | -1.5% | +0.8% | -0.4% | +0.2% | +0.2% | -0.8% | +2.2% | +0.6% | -0.5% | +0.2% |
| YoY Change | — | — | — | — | -3.5% | -3.3% | >999% | >999% | +2.3% | +2.8% | +1.0% | -1.0% | -1.1% | -0.8% | +0.8% | -0.8% | +1.8% | +2.2% | +1.6% | +2.6% |
Business Segments
| Segment | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Medical Surgical | $19.12B | $19.2B | $19.27B | $19.03B | $19.75B | $19.95B | $19.79B | $19.84B |
| Neuroscience | $11.64B | $11.65B | $11.67B | $11.61B | $11.72B | $11.75B | $11.74B | $11.76B |
| Cardiovascular | $7.97B | $7.98B | $7.97B | $7.93B | $8.02B | $8.05B | $8.03B | $8.04B |
| Diabetes | $2.26B | $2.26B | $2.26B | $2.25B | $2.26B | $2.26B | $2.26B | $2.26B |
| Total | $40.99B | $41.08B | $41.16B | $40.82B | $41.74B | $42.01B | $41.81B | $41.89B |
Cardiovascular, Diabetes, Medical Surgical, Neuroscience were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Goodwill at Other Companies
Frequently Asked Questions
- What is Medtronic's goodwill?
- Medtronic (MDT) reported goodwill of $41.89B in Q4 2025.
- How has Medtronic's goodwill changed year-over-year?
- Medtronic's goodwill increased by 2.6% year-over-year, from $40.82B to $41.89B.
- What is the long-term trend for Medtronic's goodwill?
- Over 4 years (2021 to 2025), Medtronic's goodwill has grown at a -0.1% compound annual growth rate (CAGR), from $41.96B to $41.74B.
- What does goodwill mean?
- The intangible value created when a company is acquired for more than the fair value of its assets.