What is Medtronic's interest expense?

Medtronic (MDT) reported interest expense of $176M in Q1 2026.

How has Medtronic's interest expense changed year-over-year?

Medtronic's interest expense increased by 1.1% year-over-year, from $174M to $176M.

What is the long-term trend for Medtronic's interest expense?

Over 4 years (2022 to 2026), Medtronic's interest expense has grown at a 6.6% compound annual growth rate (CAGR), from $553M to $714M.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

Medtronic MDT Interest Expense

Interest Expense at other companies

AbbottABT

$174M+32.8%

TFX

TeleflexTFX

$25.72M+38.7%

Johnson & JohnsonJNJ

$272M+33.3%

StrykerSYK

$148M+8.0%

CONMEDCNMD

$7.06M-14.8%

Merit Medical SystemsMMSI

$6.53M-0.6%

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:InterestExpenseNonoperating.

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 interest expense?: Medtronic (MDT) reported interest expense of $176M in Q1 2026.
How has Medtronic's interest expense changed year-over-year?: Medtronic's interest expense increased by 1.1% year-over-year, from $174M to $176M.
What is the long-term trend for Medtronic's interest expense?: Over 4 years (2022 to 2026), Medtronic's interest expense has grown at a 6.6% compound annual growth rate (CAGR), from $553M to $714M.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.