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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |