Medtronic MDT
NYSE MDT
$92.32 -1.81 (-1.92%)
As of: Aug 20, 2026 · 3:59 PM EDT

Medtronic (MDT) Gross Margin (2014 - 2026)

Medtronic (MDT) posted Gross Margin of 65.35% for Q2 2026, up 2.38% sequentially from 63.83% in Q1 2026, and up 60.0% YoY from 40.84% in Q2 2025.

Medtronic (MDT) Gross Margin (2014 - 2026) Analysis & Trends

Medtronic has reported Gross Margin for 13 years, with the latest figure at 65.35% in Q2 2026.

  • Quarterly Gross Margin rose 60.0% year-over-year to 65.35% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 65.02% (down 30.0% YoY) and the FY2026 annual result came in at 65.02%, down 30.0% from the prior year.
  • Gross Margin advanced to 65.35% in Q2 2026 per MDT's latest filing, from 63.83% in the prior quarter.
  • Over five years, Gross Margin peaked at 68.32% in Q1 2022 and troughed at 63.83% in Q1 2026.
  • A 5-year average of 65.66% and a median of 65.38% in 2023 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin surged 203 bps in 2022, then plunged 312 bps in 2023.
  • Over 5 years, Gross Margin stood at 66.58% in 2022, then decreased by 2 bps to 65.42% in 2023, then retreated by 1 bps to 64.94% in 2024, then gained by 1 bps to 65.84% in 2025, then declined by 1 bps to 65.35% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 65.35%, 63.83%, and 65.84% for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Abbott Laboratories 198.70 Bn 193.10 Bn 7.27 Bn 57.71%
2 Stryker 125.85 Bn 122.37 Bn 4.50 Bn 68.27%
3 Medtronic 118.44 Bn 109.22 Bn 6.41 Bn 65.35%
4 Boston Scientific 72.64 Bn 72.10 Bn 3.85 Bn 70.71%
5 Edwards Lifesciences 51.94 Bn 47.69 Bn 1.35 Bn 77.46%
6 Dexcom 34.48 Bn 32.53 Bn 830.00 Mn 63.44%
7 GE HealthCare Technologies 33.60 Bn 31.49 Bn 2.18 Bn 41.17%
8 Koninklijke Philips 26.30 Bn 22.98 Bn 4.55 Bn 47.38%
9 Steris 23.00 Bn 22.52 Bn 684.20 Mn 45.84%
10 Zimmer Biomet Holdings 19.04 Bn 18.63 Bn 1.54 Bn 70.81%

Historic Data

Download Data
DateValue
Apr 24, 2026 65.35%
Jan 23, 2026 63.83%
Oct 24, 2025 65.84%
Jul 25, 2025 65.02%
Apr 25, 2025 64.75%
Jan 24, 2025 66.49%
Oct 25, 2024 64.94%
Jul 26, 2024 65.12%
Apr 26, 2024 64.56%
Jan 26, 2024 65.61%
Oct 27, 2023 65.42%
Jul 28, 2023 65.88%
Apr 28, 2023 65.14%
Jan 27, 2023 65.20%
Oct 28, 2022 66.58%
Jul 29, 2022 65.87%
Apr 29, 2022 67.97%
Jan 28, 2022 68.32%
Oct 29, 2021 68.18%
Jul 30, 2021 67.47%