What is Medtronic's operating cash flow?

Medtronic (MDT) reported operating cash flow of $2.57B in Q1 2026.

How has Medtronic's operating cash flow changed year-over-year?

Medtronic's operating cash flow increased by 1.8% year-over-year, from $2.53B to $2.57B.

What is the long-term trend for Medtronic's operating cash flow?

Over 5 years (2021 to 2026), Medtronic's operating cash flow has grown at a 3.3% compound annual growth rate (CAGR), from $6.24B to $7.33B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

Medtronic MDT Operating Cash Flow

Operating Cash Flow at other companies

AbbottABT

$1.32B-7.2%

Becton, Dickinson and CompanyBDX

$671M—

TFX

TeleflexTFX

$46.66M+68.3%

Johnson & JohnsonJNJ

$2.51B-39.8%

StrykerSYK

$581M+132%

ArtivionAORT

$1.15M+107%

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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CapEx$488.0M+6.3%

Free cash flow$2.1B+0.8%

Valuation

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Market cap$103.07B-6.9%

Enterprise value$130.33B-5.7%

P/E21.5×-2.3×

P/S2.8×-0.5×

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:NetCashProvidedByUsedInOperatingActivities.

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 operating cash flow?: Medtronic (MDT) reported operating cash flow of $2.57B in Q1 2026.
How has Medtronic's operating cash flow changed year-over-year?: Medtronic's operating cash flow increased by 1.8% year-over-year, from $2.53B to $2.57B.
What is the long-term trend for Medtronic's operating cash flow?: Over 5 years (2021 to 2026), Medtronic's operating cash flow has grown at a 3.3% compound annual growth rate (CAGR), from $6.24B to $7.33B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.