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.
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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| Date | Value |
|---|---|
| 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% |