Medtronic MDT
NYSE MDT
$92.51 +0.13 (+0.14%)
As of: Sep 9, 2026 · 12:08 PM EDT

Medtronic (MDT) Free Cash Flow (2014 - 2026)

Medtronic's (MDT) quarterly Free Cash Flow came in at $1.3 billion in Q3 2026, up 120.89% year-over-year from $584.0 million in Q3 2025, and down 38.13% quarter-over-quarter from $2.1 billion in Q2 2026.

Analysis

Medtronic (MDT) Free Cash Flow (2014 - 2026) Analysis & Trends

Medtronic has disclosed Free Cash Flow across 13 years of filings, most recently posting $1.3 billion for Q3 2026.

  • In Q3 2026, Free Cash Flow rose 120.89% year-over-year to $1.3 billion; the TTM figure through Jul 2026 stood at $6.1 billion (up 15.63% YoY), while the FY2026 annual figure was $5.4 billion, up 4.65% from the prior year.
  • Free Cash Flow came in at $1.3 billion for Q3 2026 at Medtronic, down from $2.1 billion in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $2.4 billion in Q2 2024 to a low of $200.0 million in Q4 2023.
  • Average Free Cash Flow over 5 years is $1.3 billion, with a median of $1.3 billion recorded in 2026.
  • Year-over-year, Free Cash Flow slumped 66.61% in 2023 and jumped 177.0% in 2024.
  • Over 5 years, Free Cash Flow stood at $599.0 million in 2022, then tumbled by 66.61% to $200.0 million in 2023, then jumped by 177.0% to $554.0 million in 2024, then declined by 17.51% to $457.0 million in 2025, then jumped by 182.28% to $1.3 billion in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $1.3 billion in Q3 2026, $2.1 billion in Q2 2026, and $2.3 billion in Q1 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Abbott Laboratories 184.42 Bn 178.82 Bn 7.27 Bn 1.99 Bn
2 Intuitive Surgical 124.16 Bn 118.94 Bn 1.96 Bn 948.40 Mn
3 Medtronic 118.41 Bn 109.59 Bn 6.34 Bn 1.29 Bn
4 Stryker 104.45 Bn 100.98 Bn 4.50 Bn 1.06 Bn
5 Boston Scientific 66.47 Bn 65.93 Bn 3.85 Bn 1.28 Bn
6 Edwards Lifesciences 49.71 Bn 45.46 Bn 1.35 Bn 585.00 Mn
7 Alcon 33.95 Bn 32.50 Bn 1.68 Bn 606.00 Mn
8 Dexcom 32.24 Bn 30.29 Bn 830.00 Mn 184.50 Mn
9 Steris 21.17 Bn 20.68 Bn 684.20 Mn 279.60 Mn
10 Zimmer Biomet Holdings 18.17 Bn 17.76 Bn 1.54 Bn 393.60 Mn
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 1.29 Bn
Apr 24, 2026 2.09 Bn
Jan 23, 2026 2.30 Bn
Oct 24, 2025 457.00 Mn
Jul 25, 2025 584.00 Mn
Apr 25, 2025 2.07 Bn
Jan 24, 2025 2.10 Bn
Oct 25, 2024 554.00 Mn
Jul 26, 2024 466.00 Mn
Apr 26, 2024 2.35 Bn
Jan 26, 2024 2.13 Bn
Oct 27, 2023 200.00 Mn
Jul 28, 2023 521.00 Mn
Apr 28, 2023 2.08 Bn
Jan 27, 2023 1.24 Bn
Oct 28, 2022 599.00 Mn
Jul 29, 2022 657.00 Mn
Apr 29, 2022 1.67 Bn
Jan 28, 2022 1.90 Bn
Oct 29, 2021 1.50 Bn