Medtronic (MDT) Gross Margin (2014 - 2026)
Medtronic recorded quarterly Gross Margin of 63.83% in Q1 2026, down 3.05% quarter-over-quarter from 65.84% in Q4 2025, and down 265.0% year-over-year from 38.69% in Q1 2025.
Medtronic's Gross Margin history runs 13 years deep, the most recent figure standing at 63.83% for Q1 2026.
- In Q1 2026, Gross Margin fell 265.0% year-over-year to 63.83%; the TTM figure through Jan 2026 stood at 64.86% (down 41.0% YoY), while the FY2025 annual figure was 65.32%, down 3.0% from the prior year.
- Gross Margin came in at 63.83% for Q1 2026 at Medtronic, down from 65.84% 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.
- A 5-year average of 65.68% and a median of 65.42% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 203 bps in 2022 and tumbled 312 bps in 2023, its largest moves.
- Medtronic's Gross Margin stood at 66.58% in 2022, then retreated by 2 bps to 65.42% in 2023, then fell by 1 bps to 64.94% in 2024, then rose by 1 bps to 65.84% in 2025, then slipped by 3 bps to 63.83% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 63.83%, 65.84%, and 65.02% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 43.89% |
| 10 | Zimmer Biomet Holdings | 16.17 Bn | 15.75 Bn | 1.51 Bn | 72.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Apr 30, 2021 | 67.60% |
| Jan 29, 2021 | 66.29% |
| Oct 30, 2020 | 64.63% |
| Jul 31, 2020 | 61.50% |
| Apr 24, 2020 | 62.25% |
| Jan 24, 2020 | 68.90% |
| Oct 25, 2019 | 68.93% |
| Jul 26, 2019 | 68.42% |
| Apr 26, 2019 | 69.52% |
| Jan 25, 2019 | 69.98% |
| Oct 26, 2018 | 70.55% |
| Jul 27, 2018 | 70.15% |
| Apr 27, 2018 | 70.56% |
| Jan 26, 2018 | 70.23% |
| Oct 27, 2017 | 69.89% |
| Jul 28, 2017 | 68.17% |
| Apr 28, 2017 | 69.19% |
| Jan 27, 2017 | 68.86% |
| Oct 28, 2016 | 68.33% |
| Jul 29, 2016 | 68.45% |
| Apr 29, 2016 | 68.77% |
| Jan 29, 2016 | 69.12% |
| Oct 30, 2015 | 69.08% |
| Jul 31, 2015 | 66.24% |
| Apr 24, 2015 | 59.83% |
| Jan 23, 2015 | 73.88% |
| Oct 24, 2014 | 73.84% |
| Jul 25, 2014 | 74.14% |