Medtronic MDT
NYSE MDT
$91.89 -0.50 (-0.54%)
As of: Sep 9, 2026 · 3:59 PM EDT

Medtronic (MDT) Net Margin (2014 - 2026)

Medtronic's (MDT) quarterly Net Margin came in at 15.17% in Q3 2026, up 296.0% year-over-year from 3.83% in Q3 2025, and up 18.17% quarter-over-quarter from 12.84% in Q2 2026.

Analysis

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

Medtronic has disclosed Net Margin across 13 years of filings, most recently posting 15.17% for Q3 2026.

  • In Q3 2026, Net Margin rose 296.0% year-over-year to 15.17%; the TTM figure through Jul 2026 stood at 14.04% (up 33.0% YoY), while the FY2026 annual figure was 13.3%, down 69.0% from the prior year.
  • Net Margin came in at 15.17% for Q3 2026 at Medtronic, up from 12.84% 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.
  • Average Net Margin over 5 years is 13.48%, with a median of 13.24% recorded in 2024.
  • Year-over-year, Net Margin slumped 1104 bps in 2022 and surged 566 bps in 2023.
  • Over 5 years, Net Margin stood at 5.75% in 2022, then jumped by 99 bps to 11.41% in 2023, then jumped by 33 bps to 15.21% in 2024, then advanced by 1 bps to 15.42% in 2025, then fell by 2 bps to 15.17% in 2026.
  • Per Business Quant data, the three most recent Net Margin figures were 15.17% in Q3 2026, 12.84% in Q2 2026, and 12.75% in Q1 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Abbott Laboratories 183.04 Bn 177.44 Bn 7.27 Bn 7.37%
2 Intuitive Surgical 125.02 Bn 119.81 Bn 1.96 Bn 28.46%
3 Medtronic 117.84 Bn 109.02 Bn 6.34 Bn 15.17%
4 Stryker 105.50 Bn 102.02 Bn 4.50 Bn 19.37%
5 Boston Scientific 66.27 Bn 65.73 Bn 3.85 Bn 16.67%
6 Edwards Lifesciences 49.60 Bn 45.35 Bn 1.35 Bn 13.87%
7 Alcon 33.70 Bn 32.24 Bn 1.68 Bn -
8 Dexcom 32.06 Bn 30.11 Bn 830.00 Mn 19.04%
9 Steris 21.02 Bn 20.54 Bn 684.20 Mn 13.47%
10 Zimmer Biomet Holdings 18.20 Bn 17.79 Bn 1.54 Bn 9.17%
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 15.17%
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%