What is Medtronic's total cost of revenue?

Medtronic (MDT) reported total cost of revenue of $3.4B in Q1 2026.

How has Medtronic's total cost of revenue changed year-over-year?

Medtronic's total cost of revenue increased by 8.0% year-over-year, from $3.15B to $3.4B.

What is the long-term trend for Medtronic's total cost of revenue?

Over 5 years (2021 to 2026), Medtronic's total cost of revenue has grown at a 3.9% compound annual growth rate (CAGR), from $10.48B to $12.72B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Medtronic MDT Total Cost of Revenue

Total Cost of Revenue at other companies

AbbottABT

$4.89B+9.4%

Becton, Dickinson and CompanyBDX

$2.56B-2.3%

TFX

TeleflexTFX

$240.84M+51.6%

Johnson & JohnsonJNJ

$8.11B+10.2%

StrykerSYK

$2.21B+4.1%

CONMEDCNMD

$133.6M-6.9%

Segments

By segment

See full

Cardiovascular$1.27B+13.0%

Medical Surgical$964M+10.8%

Neuroscience$843M+7.0%

Diabetes$332M+16.9%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$2.6B+1.8%

CapEx$488.0M+6.3%

Free cash flow$2.1B+0.8%

Valuation

See full

Market cap$103.07B-6.9%

Enterprise value$130.33B-5.7%

P/E21.5×-2.3×

P/S2.8×-0.5×

Profitability

See full

Gross margin65%-0.3pp

Operating margin17.8%0.0pp

Net margin13.2%-0.7pp

FCF margin14.9%-0.5pp

Returns & leverage

See full

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:CostOfGoodsAndServicesSold.

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 total cost of revenue?: Medtronic (MDT) reported total cost of revenue of $3.4B in Q1 2026.
How has Medtronic's total cost of revenue changed year-over-year?: Medtronic's total cost of revenue increased by 8.0% year-over-year, from $3.15B to $3.4B.
What is the long-term trend for Medtronic's total cost of revenue?: Over 5 years (2021 to 2026), Medtronic's total cost of revenue has grown at a 3.9% compound annual growth rate (CAGR), from $10.48B to $12.72B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.