What is Medtronic's share buybacks?

Medtronic (MDT) reported share buybacks of $435M in Q1 2026.

How has Medtronic's share buybacks changed year-over-year?

Medtronic's share buybacks increased by 58.8% year-over-year, from $274M to $435M.

What is the long-term trend for Medtronic's share buybacks?

Over 5 years (2021 to 2026), Medtronic's share buybacks has grown at a 9.7% compound annual growth rate (CAGR), from $652M to $1.04B.

What does share buybacks mean?

Cash used to buy back the company's own shares on the open market or through structured programs, reducing shares outstanding.

Medtronic MDT Share Buybacks

Share Buybacks at other companies

AbbottABT

$180M-35.7%

Becton, Dickinson and CompanyBDX

$2B—

TFX

TeleflexTFX

$0-100%

Johnson & JohnsonJNJ

$4.03B+89.4%

CONMEDCNMD

$37.02M—

Intuitive SurgicalISRG

$1.12B—

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$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:PaymentsForRepurchaseOfCommonStock.

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 share buybacks?: Medtronic (MDT) reported share buybacks of $435M in Q1 2026.
How has Medtronic's share buybacks changed year-over-year?: Medtronic's share buybacks increased by 58.8% year-over-year, from $274M to $435M.
What is the long-term trend for Medtronic's share buybacks?: Over 5 years (2021 to 2026), Medtronic's share buybacks has grown at a 9.7% compound annual growth rate (CAGR), from $652M to $1.04B.
What does share buybacks mean?: Cash used to buy back the company's own shares on the open market or through structured programs, reducing shares outstanding.