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Medtronic MDT Net Income

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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%
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$117.78B-0.2%
Enterprise value$145.04B-0.3%
P/E24.5×-0.8×
P/S3.2×-0.2×

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 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, except per share data)Fiscal Year / 2026Fiscal Year / 2025Fiscal Year / 2024
Income tax provision1,2999361,133
Net income4,8374,6913,705
Net income attributable to noncontrolling interests(37)(29)(28)
Net income attributable to Medtronic$4,801$4,662$3,676
Basic earnings per share$3.75$3.63$2.77
Diluted earnings per share$3.73$3.61$2.76
Basic weighted average shares outstanding1,281.81,285.61,327.7
Diluted weighted average shares outstanding1,288.11,289.91,330.2

Item 8. Financial Statements and Supplementary Data

FAQ

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 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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