Medtronic (MDT) Gross Margin (2014 - 2026)

Medtronic has disclosed Gross Margin across 13 years of filings, most recently posting 64.99% for Q3 2026.

• In Q3 2026, Gross Margin fell 3.0% year-over-year to 64.99%; the TTM figure through Jul 2026 stood at 65.01% (down 27.0% YoY), while the FY2026 annual figure was 65.02%, down 30.0% from the prior year.
• Gross Margin came in at 64.99% for Q3 2026 at Medtronic, down from 65.35% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 68.32% in Q1 2022 to a low of 63.83% in Q1 2026.
• Average Gross Margin over 5 years is 65.62%, with a median of 65.35% recorded in 2026.
• Year-over-year, Gross Margin jumped 203 bps in 2022 and tumbled 312 bps in 2023.
• Over 5 years, Gross Margin stood at 66.58% in 2022, then fell by 2 bps to 65.42% in 2023, then declined by 1 bps to 64.94% in 2024, then increased by 1 bps to 65.84% in 2025, then declined by 1 bps to 64.99% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 64.99% in Q3 2026, 65.35% in Q2 2026, and 63.83% in Q1 2026.