Medtronic (MDT) Cash from Operations (2014 - 2026)
Medtronic's Cash from Operations came in at $1.79 billion for fiscal Q1 2027 (quarter ended Jul 31, 2026), up 64.8% from $1.09 billion a year earlier but down 30.3% from the prior quarter.
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Analysis
Medtronic (MDT) Cash from Operations (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Medtronic reported Cash from Operations of $8.04 billion, up 12.4% year-over-year; for FY2026 (ended Apr 24, 2026), it came in at $7.33 billion, up 4.1% from FY2025.
- Cash from Operations has increased in each of the last three fiscal years, with a five-year compound annual growth rate of 3.3% (FY2021 to FY2026).
- Going back by fiscal year, Cash from Operations was $7.04 billion in FY2025 (+3.8%), $6.79 billion in FY2024 (+12.4%), $6.04 billion in FY2023 (-17.8%) and $7.35 billion in FY2022 (+17.7%).
- The five-year range for quarterly Cash from Operations is $661 million (fiscal Q2 2024) to $2.78 billion (fiscal Q4 2024).
- Year-over-year, Cash from Operations has increased for three consecutive quarters, with growth averaging 15.0% over the last eight quarters.
- The fastest year-over-year change in Cash from Operations over five years came in fiscal Q1 2027 (growth of 64.8%), and the weakest in fiscal Q2 2023 (a decline of 47.9%).
- Business Quant data shows MDT's Cash from Operations at $2.57 billion (Q4 2026), $2.74 billion (Q3 2026) and $925 million (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 2.13 Bn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 2.49 Bn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 1.53 Bn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 1.06 Bn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 1.79 Bn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 1.26 Bn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 1.47 Bn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 651.90 Mn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 776.00 Mn |
| 10 | Agilent Technologies | 48.58 Bn | 41.47 Bn | 1.04 Bn | 519.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.79 Bn |
| Apr 24, 2026 | 2.57 Bn |
| Jan 23, 2026 | 2.74 Bn |
| Oct 24, 2025 | 925.00 Mn |
| Jul 25, 2025 | 1.09 Bn |
| Apr 25, 2025 | 2.53 Bn |
| Jan 24, 2025 | 2.57 Bn |
| Oct 25, 2024 | 958.00 Mn |
| Jul 26, 2024 | 986.00 Mn |
| Apr 26, 2024 | 2.78 Bn |
| Jan 26, 2024 | 2.47 Bn |
| Oct 27, 2023 | 661.00 Mn |
| Jul 28, 2023 | 875.00 Mn |
| Apr 28, 2023 | 2.46 Bn |
| Jan 27, 2023 | 1.57 Bn |
| Oct 28, 2022 | 922.00 Mn |
| Jul 29, 2022 | 1.08 Bn |
| Apr 29, 2022 | 2.06 Bn |
| Jan 28, 2022 | 2.23 Bn |
| Oct 29, 2021 | 1.77 Bn |
API Access
Medtronic Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();