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Medtronic MDT Net Income

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Other financials

Income statement

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Revenue$9.8B+13.7%
Gross profit$6.3B+13.7%
Operating income$1.8B+22.1%
EPS (diluted)$1.14+40.7%

Balance sheet

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Cash & equivalents$1.7B+32.8%
Total debt$28.2B-1.6%
Total equity$50.2B+4.9%
Total assets$93.3B+2.6%

Cash flow

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Operating cash flow$1.8B+64.8%
CapEx$503.0M-0.2%
Free cash flow$1.3B+121%

Valuation

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Market cap$112.24B-9.3%
Enterprise value$138.76B-8.2%
P/E21.5×-5.1×
P/S3×-0.6×

Profitability

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Gross margin65%-0.3pp
Operating margin18.1%+0.2pp
Net margin13.9%+0.3pp
FCF margin16.3%+0.8pp

Returns & leverage

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Return on equity10.7%+0.9pp
Debt / equity0.6×0.0×
Current ratio2.1×+0.1×

Where this comes from

Reported directly by Medtronic in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Medtronic’s 10-Q, filed September 3, 2026.

Filed
Sep 3, 2026, 4:18 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q3 2026
Accession
0001628280-26-060473
(in millions, except per share data)Three months ended / July 31, 2026Three months ended / July 25, 2025
Income tax provision289255
Net income1,4791,047
Net income attributable to noncontrolling interests(9)(7)
Net income attributable to Medtronic$1,470$1,040
Basic earnings per share$1.15$0.81
Diluted earnings per share$1.14$0.81
Basic weighted average shares outstanding1,279.81,281.6
Diluted weighted average shares outstanding1,285.11,287.1

Item 1. Financial Statements

FAQ

What is Medtronic's net income?
Medtronic (MDT) reported net income of $1.47B in Q2 2026.
How has Medtronic's net income changed year-over-year?
Medtronic's net income increased by 41.3% year-over-year, from $1.04B to $1.47B.
What is the long-term trend for Medtronic's net income?
Over 4 years (2022 to 2026), Medtronic's net income has grown at a -1.2% compound annual growth rate (CAGR), from $5.04B to $4.8B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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