Medtronic (MDT) EBIT Margin (2014 - 2026)
Medtronic's (MDT) quarterly EBIT Margin came in at 18.08% in Q3 2026, up 124.0% year-over-year from 8.07% in Q3 2025, and down 5.33% quarter-over-quarter from 19.1% in Q2 2026.
Analysis
Medtronic (MDT) EBIT Margin (2014 - 2026) Analysis & Trends
Medtronic has disclosed EBIT Margin across 13 years of filings, most recently posting 18.08% for Q3 2026.
- In Q3 2026, EBIT Margin rose 124.0% year-over-year to 18.08%; the TTM figure through Jul 2026 stood at 18.08% (up 18.0% YoY), while the FY2026 annual figure was 17.78%, up 3.0% from the prior year.
- EBIT Margin came in at 18.08% for Q3 2026 at Medtronic, down from 19.1% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 21.37% in Q1 2022 to a low of 12.26% in Q2 2024.
- Average EBIT Margin over 5 years is 17.69%, with a median of 18.08% recorded in 2026.
- Year-over-year, EBIT Margin surged 495 bps in 2022 and slumped 605 bps in 2024.
- Over 5 years, EBIT Margin stood at 18.51% in 2022, then dropped by 9 bps to 16.78% in 2023, then increased by 13 bps to 18.98% in 2024, then fell by 1 bps to 18.81% in 2025, then fell by 4 bps to 18.08% in 2026.
- Per Business Quant data, the three most recent EBIT Margin figures were 18.08% in Q3 2026, 19.1% in Q2 2026, and 16.24% in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.43 Bn | 177.83 Bn | 7.27 Bn | 13.44% |
| 2 | Intuitive Surgical | 124.55 Bn | 119.33 Bn | 1.96 Bn | 33.60% |
| 3 | Medtronic | 117.91 Bn | 109.10 Bn | 6.34 Bn | 18.08% |
| 4 | Stryker | 105.51 Bn | 102.03 Bn | 4.50 Bn | 25.18% |
| 5 | Boston Scientific | 66.23 Bn | 65.69 Bn | 3.85 Bn | 21.65% |
| 6 | Edwards Lifesciences | 49.46 Bn | 45.21 Bn | 1.35 Bn | 29.48% |
| 7 | Alcon | 33.87 Bn | 32.41 Bn | 1.68 Bn | 0.40% |
| 8 | Dexcom | 32.08 Bn | 30.13 Bn | 830.00 Mn | 24.33% |
| 9 | Steris | 21.05 Bn | 20.56 Bn | 684.20 Mn | 19.15% |
| 10 | Zimmer Biomet Holdings | 18.27 Bn | 17.86 Bn | 1.54 Bn | 14.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 18.08% |
| Apr 24, 2026 | 19.10% |
| Jan 23, 2026 | 16.24% |
| Oct 24, 2025 | 18.81% |
| Jul 25, 2025 | 16.85% |
| Apr 25, 2025 | 16.09% |
| Jan 24, 2025 | 19.85% |
| Oct 25, 2024 | 18.98% |
| Jul 26, 2024 | 16.15% |
| Apr 26, 2024 | 12.26% |
| Jan 26, 2024 | 18.33% |
| Oct 27, 2023 | 16.78% |
| Jul 28, 2023 | 16.46% |
| Apr 28, 2023 | 18.31% |
| Jan 27, 2023 | 18.01% |
| Oct 28, 2022 | 18.51% |
| Jul 29, 2022 | 15.26% |
| Apr 29, 2022 | 20.66% |
| Jan 28, 2022 | 21.37% |
| Oct 29, 2021 | 19.92% |