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

Medtronic (MDT) reported Free Cash Flow of $2.1 billion for Q2 2026, up 0.77% on a YoY basis from $2.1 billion in Q2 2025, and down 9.35% sequentially from $2.3 billion in Q1 2026.

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

Medtronic (MDT) has 13 years of Free Cash Flow data on file, last reported at $2.1 billion in Q2 2026.

  • For the quarter ending Q2 2026, Free Cash Flow rose 0.77% year-over-year to $2.1 billion; the trailing twelve-month figure through Apr 2026 stood at $5.4 billion (up 4.65% YoY), and the FY2026 full-year result was $5.4 billion, up 4.65% from the prior year.
  • Free Cash Flow retreated to $2.1 billion in Q2 2026, from $2.3 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.
  • A 5-year average of $1.3 billion and a median of $1.5 billion in 2022 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow sank 66.61% in 2023 and soared 177.0% in 2024, its largest moves.
  • Tracing MDT's Free Cash Flow over 5 years: stood at $599.0 million in 2022, then slumped by 66.61% to $200.0 million in 2023, then soared by 177.0% to $554.0 million in 2024, then dropped by 17.51% to $457.0 million in 2025, then jumped by 356.24% to $2.1 billion in 2026.
  • Business Quant data shows MDT's Free Cash Flow at $2.1 billion in Q2 2026, $2.3 billion in Q1 2026, and $457.0 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 916.00 Mn
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 415.00 Mn
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn 2.09 Bn
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn 171.00 Mn
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn -21.10 Mn
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn 449.00 Mn
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn 305.56 Mn
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 112.00 Mn
9 Smith & Nephew 25.80 Bn 25.22 Bn - -
10 Steris 20.59 Bn 20.16 Bn 697.10 Mn 245.20 Mn

Historic Data

Download Data
DateValue
Apr 24, 2026 2.09 Bn
Apr 24, 2026 2.09 Bn
Jan 23, 2026 2.30 Bn
Jan 23, 2026 2.30 Bn
Oct 24, 2025 457.00 Mn
Oct 24, 2025 457.00 Mn
Jul 25, 2025 584.00 Mn
Jul 25, 2025 584.00 Mn
Apr 25, 2025 2.07 Bn
Apr 25, 2025 2.07 Bn
Jan 24, 2025 2.10 Bn
Jan 24, 2025 2.10 Bn
Oct 25, 2024 554.00 Mn
Oct 25, 2024 554.00 Mn
Jul 26, 2024 466.00 Mn
Jul 26, 2024 466.00 Mn
Apr 26, 2024 2.35 Bn
Apr 26, 2024 2.35 Bn
Jan 26, 2024 2.13 Bn
Jan 26, 2024 2.13 Bn