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Medtronic MDT Diabetes — Selling, general, and administrative expense

Other segment segments

Cardiovascular
$1.19B+17.4%
Neuroscience
$875M+7.6%
Medical Surgical
$650M+9.6%

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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$110.07B-3.9%
Enterprise value$137.33B-3.2%
P/E22.9×-1.6×
P/S-0.3×

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

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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:SellingGeneralAndAdministrativeExpense.

The source filing: Medtronic’s 10-Q, filed February 24, 2026.

Filed
Feb 24, 2026, 4:18 PM EST
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-011107
(in millions)CardiovascularNeuroscienceMedical SurgicalDiabetesTotal
Less:
Cost of products sold, excluding amortization of intangible assets1,1598158673323,173
Research and development expense284153174109720
Selling, general, and administrative expense1,1298416283002,897
Other segment items(2)(14)126(2)3
Reportable segment operating profit$899$737$499$57$2,192
Reconciliation of segment profit / (loss)
Other operating segment profit (loss)(1)(1)

Item 1. Financial Statements

FAQ

What is Medtronic's diabetes — selling, general, and administrative expense?
Medtronic (MDT) reported diabetes — selling, general, and administrative expense of $300M in Q4 2025.
How has Medtronic's diabetes — selling, general, and administrative expense changed year-over-year?
Medtronic's diabetes — selling, general, and administrative expense increased by 12.8% year-over-year, from $266M to $300M.
What is the long-term trend for Medtronic's diabetes — selling, general, and administrative expense?
Over 2 years (2023 to 2025), Medtronic's diabetes — selling, general, and administrative expense has grown at a 6.0% compound annual growth rate (CAGR), from $705M to $792M.
What does diabetes — selling, general, and administrative expense mean?
This includes the costs of sales force compensation, marketing, legal, and administrative support functions dedicated to the diabetes business. It reflects the overhead required to sell and support medical devices in the global healthcare market. Managing these expenses is critical to maintaining healthy operating margins in a competitive landscape.

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