What is Medtronic's net income?

Medtronic (MDT) reported net income of $1.24B in Q1 2026.

How has Medtronic's net income changed year-over-year?

Medtronic's net income increased by 17.8% year-over-year, from $1.06B to $1.24B.

What is the long-term trend for Medtronic's net income?

Over 5 years (2021 to 2026), Medtronic's net income has grown at a 5.9% compound annual growth rate (CAGR), from $3.61B 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.

Medtronic MDT Net Income

Net Income at other companies

AbbottABT

$1.08B-18.7%

Becton, Dickinson and CompanyBDX

-$311M-201%

TFX

TeleflexTFX

-$8.15M-109%

Johnson & JohnsonJNJ

$5.24B-52.4%

StrykerSYK

$745M+13.9%

ArtivionAORT

$1.42M+381%

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%

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$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:NetIncomeLoss.

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 net income?: Medtronic (MDT) reported net income of $1.24B in Q1 2026.
How has Medtronic's net income changed year-over-year?: Medtronic's net income increased by 17.8% year-over-year, from $1.06B to $1.24B.
What is the long-term trend for Medtronic's net income?: Over 5 years (2021 to 2026), Medtronic's net income has grown at a 5.9% compound annual growth rate (CAGR), from $3.61B 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.