Medtronic (MDT) Change in Accrued Expenses (2013 - 2026)
Medtronic's Change in Accured Expenses was -$531 million in fiscal Q1 2027 (quarter ended Jul 31, 2026), compared with -$598 million a year earlier.
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Analysis
Medtronic (MDT) Change in Accrued Expenses (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Medtronic's Change in Accured Expenses was $113 million through Jul 31, 2026, down 47.4% year-over-year; for FY2026 (ended Apr 24, 2026), it was $46 million, down 78.0% from FY2025.
- Change in Accured Expenses has now declined for three consecutive fiscal years, with a five-year compound annual growth rate of -38.7% (FY2021 to FY2026).
- In earlier fiscal years, Change in Accured Expenses was $209 million in FY2025 (-46.5%), $391 million in FY2024 (-43.8%), $696 million in FY2023 (+226.8%) and $213 million in FY2022 (-59.9%).
- Quarterly Change in Accured Expenses has moved between -$673 million (fiscal Q1 2024) and $703 million (fiscal Q3 2026) over five years.
- Compared with a year earlier, Change in Accured Expenses was higher in two of the last four quarters, with an average decline of 14.6%.
- The best year-over-year quarter for Change in Accured Expenses over five years was fiscal Q4 2023 (growth of 157.5%); the worst was fiscal Q4 2026 (a decline of 66.4%).
- Per Business Quant data, MDT's Change in Accured Expenses in the three fiscal quarters before Q1 2027 was $123 million (Q4 2026), $703 million (Q3 2026) and -$182 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Accrued Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.20 Bn | 235.84 Bn | 5.13 Bn | - |
| 2 | Abbott Laboratories | 185.80 Bn | 160.26 Bn | 7.39 Bn | - |
| 3 | Danaher | 162.11 Bn | 141.76 Bn | 3.84 Bn | 30.00 Mn |
| 4 | Intuitive Surgical | 155.35 Bn | 135.64 Bn | 2.08 Bn | 80.10 Mn |
| 5 | Medtronic | 131.92 Bn | 97.43 Bn | 6.34 Bn | -531.00 Mn |
| 6 | Stryker | 119.74 Bn | 105.93 Bn | 4.25 Bn | 77.00 Mn |
| 7 | Boston Scientific | 64.30 Bn | 59.73 Bn | 3.43 Bn | 89.00 Mn |
| 8 | Edwards Lifesciences | 61.64 Bn | 44.85 Bn | 1.35 Bn | 67.20 Mn |
| 9 | Agilent Technologies | 48.79 Bn | 41.68 Bn | 1.04 Bn | 34.00 Mn |
| 10 | GE HealthCare Technologies | 37.32 Bn | 25.55 Bn | 2.22 Bn | 187.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -531.00 Mn |
| Apr 24, 2026 | 123.00 Mn |
| Dec 31, 2025 | 209.00 Mn |
| Oct 24, 2025 | -182.00 Mn |
| Jul 25, 2025 | -598.00 Mn |
| Apr 24, 2025 | 209.00 Mn |
| Dec 31, 2024 | 391.00 Mn |
| Oct 25, 2024 | -103.00 Mn |
| Jul 26, 2024 | -604.00 Mn |
| Apr 24, 2024 | 391.00 Mn |
| Dec 31, 2023 | 696.00 Mn |
| Oct 27, 2023 | -26.00 Mn |
| Jul 28, 2023 | -673.00 Mn |
| Apr 25, 2023 | 696.00 Mn |
| Dec 31, 2022 | 213.00 Mn |
| Oct 28, 2022 | 133.00 Mn |
| Jul 29, 2022 | -147.00 Mn |
| Apr 26, 2022 | 213.00 Mn |
| Dec 31, 2021 | 531.00 Mn |
| Oct 29, 2021 | -30.00 Mn |
API Access
Medtronic Change in Accrued Expenses 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=change-in-accured-expenses&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-accured-expenses", "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=change-in-accured-expenses&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();