Discontinued — last reported Q3 '26
Business Segments · Goodwill
Medical Surgical — Goodwill
Medtronic Medical Surgical — Goodwill increased by 0.3% to $19.84B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.3%, from $19.03B to $19.84B. Over 3 years (FY 2022 to FY 2025), Medical Surgical — Goodwill shows relatively stable performance with a -2.1% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2019
Last reportedQ3 2026Feb 24, 2026
Rolls up toGoodwill
How to read this metric
Significant changes often reflect new acquisitions or impairment charges, which can signal shifts in long-term strategy or asset valuation.
Detailed definition
The excess of the purchase price over the fair value of identifiable net assets acquired in business combinations alloca...
Peer comparison
Standard goodwill reporting for segments that have grown through acquisition.
Metric ID:
mdt_segment_medical_surgical_goodwillHistorical Data
20 periods
| 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 | $21.2B | $20.99B | $20.83B | $20.62B | $19.96B | $19.24B | $18.8B | $19.71B | $19.58B | $19.59B | $19.08B | $19.33B | $19.12B | $19.2B | $19.27B | $19.03B | $19.75B | $19.95B | $19.79B | $19.84B |
| QoQ Change | — | -1.0% | -0.8% | -1.0% | -3.2% | -3.6% | -2.3% | +4.8% | -0.6% | +0.1% | -2.6% | +1.3% | -1.1% | +0.4% | +0.4% | -1.3% | +3.8% | +1.0% | -0.8% | +0.3% |
| YoY Change | — | — | — | — | -5.8% | -8.3% | -9.8% | -4.5% | -1.9% | +1.8% | +1.5% | -1.9% | -2.3% | -2.0% | +1.0% | -1.6% | +3.3% | +3.9% | +2.7% | +4.3% |
Range$18.8B – $21.2B
CAGR-1.4%
Avg YoY Growth-1.2%
Median YoY Growth-1.7%
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Frequently Asked Questions
- What is Medtronic's medical surgical — goodwill?
- Medtronic (MDT) reported medical surgical — goodwill of $19.84B in Q4 2025.
- How has Medtronic's medical surgical — goodwill changed year-over-year?
- Medtronic's medical surgical — goodwill increased by 4.3% year-over-year, from $19.03B to $19.84B.
- What is the long-term trend for Medtronic's medical surgical — goodwill?
- Over 3 years (2022 to 2025), Medtronic's medical surgical — goodwill has grown at a -2.1% compound annual growth rate (CAGR), from $82.4B to $77.24B.
- What does medical surgical — goodwill mean?
- The value of intangible assets like brand and market position attributed to the Medical Surgical segment from past acquisitions.