Discontinued — last reported Q4 '25

Business Segments · Segment operating profit

Medical Surgical — Segment operating profit

Medtronic Medical Surgical — Segment operating profit decreased by 6.0% to $499.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 34.8%, from $765.00M to $499.00M. Over 2 years (FY 2021 to FY 2023), Medical Surgical — Segment operating profit shows relatively stable performance with a -2.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ2 2018
Last reportedQ4 2025
Rolls up toOperating Income

How to read this metric

An increase suggests improved pricing power, better cost management, or higher sales volume within the surgical portfolio, while a decrease may indicate margin compression, increased competition, or rising operational costs.

Detailed definition

This metric represents the operating income generated by the medical surgical business segment after deducting direct op...

Peer comparison

Comparable to segment-level operating income reported by diversified medical device peers, though variations exist based on how companies allocate shared corporate expenses.

Metric ID: mdt_segment_medical_surgical_segment_operating_profit

Historical Data

18 periods
 Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q2 '24Q3 '24Q4 '24Q2 '25Q3 '25Q4 '25
Value$901.00M$914.00M$908.00M$923.00M$827.00M$642.00M$714.00M$748.00M$752.00M$719.00M$790.00M$806.00M$690.00M$774.00M$765.00M$494.00M$531.00M$499.00M
QoQ Change+1.4%-0.7%+1.7%-10.4%-22.4%+11.2%+4.8%+0.5%-4.4%+9.9%+2.0%-14.4%+12.2%-1.2%-35.4%+7.5%-6.0%
YoY Change-8.2%-29.8%-21.4%-19.0%-9.1%+12.0%+10.6%+7.8%-4.0%-2.0%-5.1%-28.4%-31.4%-34.8%
Range$494.00M$923.00M
CAGR-13.0%
Avg YoY Growth-11.6%
Median YoY Growth-8.6%

Frequently Asked Questions

What is Medtronic's medical surgical — segment operating profit?
Medtronic (MDT) reported medical surgical — segment operating profit of $499.00M in Q4 2025.
How has Medtronic's medical surgical — segment operating profit changed year-over-year?
Medtronic's medical surgical — segment operating profit decreased by 34.8% year-over-year, from $765.00M to $499.00M.
What is the long-term trend for Medtronic's medical surgical — segment operating profit?
Over 2 years (2021 to 2023), Medtronic's medical surgical — segment operating profit has grown at a -2.8% compound annual growth rate (CAGR), from $3.02B to $2.86B.
What does medical surgical — segment operating profit mean?
The total profit earned by the medical surgical business unit from its day-to-day operations.