Medtronic (MDT) Net Margin (2014 - 2026)
Medtronic (MDT) posted Net Margin of 15.07% for fiscal Q1 2027 (quarter ended Jul 31, 2026), up 2.94 percentage points from 12.12% a year earlier and up 2.38 percentage points from the prior quarter.
Medtronic (MDT) Net Margin (2014 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Net Margin at Medtronic was 13.93%, up 0.31 percentage points year-over-year; for FY2026 (ended Apr 24, 2026), it came in at 13.20%, down 0.70 percentage points from FY2025.
- Annual Net Margin shows a five-year change of +1.23 percentage points (FY2021 to FY2026).
- In prior fiscal years, Medtronic's Net Margin was 13.90% in FY2025 (+2.54 pp), 11.36% in FY2024 (-0.68 pp), 12.03% in FY2023 (-3.87 pp) and 15.90% in FY2022 (+3.93 pp).
- Quarterly Net Margin has run from a low of 5.63% in fiscal Q2 2023 to a high of 19.06% in fiscal Q3 2022 over five years.
- On a year-over-year basis, Net Margin increased in five of the last eight quarters, with an average year-over-year change of +0.91 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was fiscal Q2 2022, with a gain of 10.31 percentage points; the weakest was fiscal Q2 2023, with a drop of 11.08 percentage points.
- According to Business Quant data, Net Margin for the three prior fiscal quarters was 12.68% (Q4 2026), 12.68% (Q3 2026) and 15.33% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 16.67% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 7.57% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 13.89% |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 19.28% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 15.07% |
| Apr 24, 2026 | 12.68% |
| Jan 23, 2026 | 12.68% |
| Oct 24, 2025 | 15.33% |
| Jul 25, 2025 | 12.12% |
| Apr 25, 2025 | 11.83% |
| Jan 24, 2025 | 15.61% |
| Oct 25, 2024 | 15.11% |
| Jul 26, 2024 | 13.16% |
| Apr 26, 2024 | 7.61% |
| Jan 26, 2024 | 16.34% |
| Oct 27, 2023 | 11.39% |
| Jul 28, 2023 | 10.27% |
| Apr 28, 2023 | 13.80% |
| Jan 27, 2023 | 15.81% |
| Oct 28, 2022 | 5.63% |
| Jul 29, 2022 | 12.60% |
| Apr 29, 2022 | 18.36% |
| Jan 28, 2022 | 19.06% |
| Oct 29, 2021 | 16.71% |
Medtronic Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();