Medtronic (MDT) Cost of Revenue (2014 - 2026)
Medtronic (MDT) posted Cost of Revenue of $3.4 billion for Q2 2026, up 4.2% sequentially from $3.3 billion in Q1 2026, and up 7.98% YoY from $3.1 billion in Q2 2025.
Medtronic (MDT) Cost of Revenue (2014 - 2026) Analysis & Trends
Medtronic has reported Cost of Revenue for 13 years, with the latest figure at $3.4 billion in Q2 2026.
- Quarterly Cost of Revenue rose 7.98% year-over-year to $3.4 billion in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $12.7 billion (up 9.35% YoY) and the FY2026 annual result came in at $12.7 billion, up 9.36% from the prior year.
- Cost of Revenue grew to $3.4 billion in Q2 2026 per MDT's latest filing, from $3.3 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $3.4 billion in Q2 2026 and troughed at $2.5 billion in Q1 2022.
- A 5-year average of $2.9 billion and a median of $2.8 billion in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue fell 6.18% in 2022, then increased 17.34% in 2026.
- Over 5 years, Cost of Revenue stood at $2.5 billion in 2022, then advanced by 8.92% to $2.8 billion in 2023, then increased by 6.7% to $2.9 billion in 2024, then climbed by 3.9% to $3.1 billion in 2025, then advanced by 11.01% to $3.4 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $3.4 billion, $3.3 billion, and $3.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.70 Bn | 194.09 Bn | 7.27 Bn | 5.33 Bn |
| 2 | Stryker | 129.93 Bn | 126.46 Bn | 4.50 Bn | 2.09 Bn |
| 3 | Medtronic | 120.49 Bn | 111.27 Bn | 6.41 Bn | 3.40 Bn |
| 4 | Boston Scientific | 74.60 Bn | 74.06 Bn | 3.85 Bn | 1.59 Bn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.42 Bn | 1.35 Bn | 392.40 Mn |
| 6 | Dexcom | 34.78 Bn | 32.84 Bn | 830.00 Mn | 478.40 Mn |
| 7 | GE HealthCare Technologies | 33.83 Bn | 31.72 Bn | 2.18 Bn | 2.25 Bn |
| 8 | Koninklijke Philips | 26.44 Bn | 23.12 Bn | 4.55 Bn | 2.57 Bn |
| 9 | Steris | 23.18 Bn | 22.69 Bn | 684.20 Mn | 808.60 Mn |
| 10 | Zimmer Biomet Holdings | 19.40 Bn | 18.99 Bn | 1.54 Bn | 635.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 3.40 Bn |
| Apr 24, 2026 | 3.40 Bn |
| Jan 23, 2026 | 3.26 Bn |
| Jan 23, 2026 | 3.26 Bn |
| Oct 24, 2025 | 3.06 Bn |
| Oct 24, 2025 | 3.06 Bn |
| Jul 25, 2025 | 3.00 Bn |
| Jul 25, 2025 | 3.00 Bn |
| Apr 25, 2025 | 3.15 Bn |
| Apr 25, 2025 | 3.15 Bn |
| Jan 24, 2025 | 2.78 Bn |
| Jan 24, 2025 | 2.78 Bn |
| Oct 25, 2024 | 2.95 Bn |
| Oct 25, 2024 | 2.95 Bn |
| Jul 26, 2024 | 2.76 Bn |
| Jul 26, 2024 | 2.76 Bn |
| Apr 26, 2024 | 3.04 Bn |
| Apr 26, 2024 | 3.04 Bn |
| Jan 26, 2024 | 2.78 Bn |
| Jan 26, 2024 | 2.78 Bn |