Medtronic (MDT) Net Margin (2014 - 2026)

Medtronic (MDT) reported Net Margin of 12.84% for Q2 2026, up 94.0% on a YoY basis from 6.62% in Q2 2025, and up 0.66% sequentially from 12.75% in Q1 2026.

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

Medtronic (MDT) has 13 years of Net Margin data on file, last reported at 12.84% in Q2 2026.

  • For the quarter ending Q2 2026, Net Margin rose 94.0% year-over-year to 12.84%; the trailing twelve-month figure through Apr 2026 stood at 13.3% (down 68.0% YoY), and the FY2026 full-year result was 13.3%, down 69.0% from the prior year.
  • Net Margin climbed to 12.84% in Q2 2026, from 12.75% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 19.1% in Q1 2022 to a low of 5.75% in Q4 2022.
  • A 5-year average of 13.39% and a median of 13.04% in 2024 frame the typical range for Net Margin.
  • Across the five-year window, Net Margin sank 1104 bps in 2022 and jumped 566 bps in 2023, its largest moves.
  • Tracing MDT's Net Margin over 5 years: stood at 5.75% in 2022, then soared by 99 bps to 11.41% in 2023, then soared by 33 bps to 15.21% in 2024, then gained by 1 bps to 15.42% in 2025, then declined by 17 bps to 12.84% in 2026.
  • Business Quant data shows MDT's Net Margin at 12.84% in Q2 2026, 12.75% in Q1 2026, and 15.42% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 9.65%
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 12.38%
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn 12.84%
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn 25.77%
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn -
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn 16.74%
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn 3.87%
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 8.01%
9 Smith & Nephew 25.80 Bn 25.22 Bn - -
10 Steris 20.59 Bn 20.16 Bn 697.10 Mn -

Historic Data

Download Data
DateValue
Apr 24, 2026 12.84%
Jan 23, 2026 12.75%
Oct 24, 2025 15.42%
Jul 25, 2025 12.21%
Apr 25, 2025 11.90%
Jan 24, 2025 15.71%
Oct 25, 2024 15.21%
Jul 26, 2024 13.24%
Apr 26, 2024 7.66%
Jan 26, 2024 16.53%
Oct 27, 2023 11.41%
Jul 28, 2023 10.33%
Apr 28, 2023 13.91%
Jan 27, 2023 15.91%
Oct 28, 2022 5.75%
Jul 29, 2022 12.64%
Apr 29, 2022 18.44%
Jan 28, 2022 19.10%
Oct 29, 2021 16.78%
Jul 30, 2021 9.63%