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Medtronic MDT Medical Surgical — Selling, general, and administrative expense

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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-K, filed June 18, 2026.

Filed
Jun 18, 2026, 4:27 PM EDT
Fiscal year
FY2026
Accession
0001628280-26-044354
(in millions)CardiovascularNeuroscienceMedical SurgicalTotal
Less:
Cost of products sold, excluding amortization of intangible assets4,6953,1513,47611,323
Research and development expense1,1366166862,438
Selling, general, and administrative expense4,5193,4212,51110,451
Other segment items(3)(46)36144
Reportable segment operating profit$3,672$3,062$2,128$8,862
Reconciliation of segment profit / (loss)
Other operating segments profit(1)106

Item 8. Financial Statements and Supplementary Data

FAQ

What is Medtronic's medical surgical — selling, general, and administrative expense?
Medtronic (MDT) reported medical surgical — selling, general, and administrative expense of $650M in Q1 2026.
How has Medtronic's medical surgical — selling, general, and administrative expense changed year-over-year?
Medtronic's medical surgical — selling, general, and administrative expense increased by 9.6% year-over-year, from $593M to $650M.
What is the long-term trend for Medtronic's medical surgical — selling, general, and administrative expense?
Over 3 years (2023 to 2026), Medtronic's medical surgical — selling, general, and administrative expense has grown at a 17.5% compound annual growth rate (CAGR), from $1.55B to $2.51B.
What does medical surgical — selling, general, and administrative expense mean?
Includes all non-manufacturing costs incurred by the Medical Surgical segment, such as sales force compensation, marketing, and administrative overhead. This metric reflects the cost of supporting the commercial infrastructure and corporate functions. It is a key lever for managing the segment's operating margin.

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