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Medtronic MDT Neuroscience — Selling, general, and administrative expense

Other segment segments

Cardiovascular
$1.19B+17.4%
Medical Surgical
$650M+9.6%
Diabetes
$300M+12.8%

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BSXMedSurg — Selling, general and administrative expenses, percentage of net sale
32.8%+1.0pp
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$15.6M+4.0%
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STELife Science Member — Selling, general, and administrative
$16M+8.1%

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$101.86B-3.8%
Enterprise value$129.12B-3.2%
P/E21.2×-1.5×
P/S2.8×-0.4×

Profitability

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Gross margin65%-0.3pp
Operating margin17.8%0.0pp
Net margin13.2%-0.7pp

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 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 neuroscience — selling, general, and administrative expense?
Medtronic (MDT) reported neuroscience — selling, general, and administrative expense of $875M in Q1 2026.
How has Medtronic's neuroscience — selling, general, and administrative expense changed year-over-year?
Medtronic's neuroscience — selling, general, and administrative expense increased by 7.6% year-over-year, from $813M to $875M.
What is the long-term trend for Medtronic's neuroscience — selling, general, and administrative expense?
Over 3 years (2023 to 2026), Medtronic's neuroscience — selling, general, and administrative expense has grown at a 16.0% compound annual growth rate (CAGR), from $2.19B to $3.42B.
What does neuroscience — selling, general, and administrative expense mean?
The cost of selling, marketing, and managing the neuroscience business.
How do you interpret neuroscience — selling, general, and administrative expense?
Rising expenses relative to sales may indicate increased competition or higher customer acquisition costs, while lower expenses relative to sales suggest improved operational leverage.
How does neuroscience — selling, general, and administrative expense compare across companies?
Comparable to SG&A expense ratios in the medical device sector.