Medtronic (MDT) Net Margin (2014 - 2026)
Medtronic recorded quarterly Net Margin of 12.75% in Q1 2026, down 17.3% quarter-over-quarter from 15.42% in Q4 2025, and down 296.0% year-over-year from 6.51% in Q1 2025.
Medtronic's Net Margin history runs 13 years deep, the most recent figure standing at 12.75% for Q1 2026.
- In Q1 2026, Net Margin fell 296.0% year-over-year to 12.75%; the TTM figure through Jan 2026 stood at 13.08% (up 17.0% YoY), while the FY2025 annual figure was 13.99%, up 255.0% from the prior year.
- Net Margin came in at 12.75% for Q1 2026 at Medtronic, down from 15.42% 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 13.42% and a median of 13.24% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin slumped 1104 bps in 2022 and surged 566 bps in 2023, its largest moves.
- Medtronic's Net Margin stood at 5.75% in 2022, then surged by 99 bps to 11.41% in 2023, then surged by 33 bps to 15.21% in 2024, then climbed by 1 bps to 15.42% in 2025, then fell by 17 bps to 12.75% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 12.75%, 15.42%, and 12.21% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 9.65% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 12.38% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 12.75% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 25.77% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | - |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 0.00% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 16.74% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 8.01% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | - |
| 10 | Zimmer Biomet Holdings | 16.17 Bn | 15.75 Bn | 1.51 Bn | 11.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 7.40% |
| Apr 30, 2021 | 14.56% |
| Jan 29, 2021 | 14.26% |
| Oct 30, 2020 | 4.47% |
| Jul 31, 2020 | 5.29% |
| Apr 24, 2020 | 8.40% |
| Jan 24, 2020 | 22.99% |
| Oct 25, 2019 | 15.96% |
| Jul 26, 2019 | 9.92% |
| Apr 26, 2019 | 13.02% |
| Jan 25, 2019 | 15.36% |
| Oct 26, 2018 | 13.54% |
| Jul 27, 2018 | 13.16% |
| Apr 27, 2018 | 16.74% |
| Jan 26, 2018 | -20.33% |
| Oct 27, 2017 | 27.01% |
| Jul 28, 2017 | 12.10% |
| Apr 28, 2017 | 13.16% |
| Jan 27, 2017 | 9.80% |
| Oct 28, 2016 | 13.67% |
| Jul 29, 2016 | 12.02% |
| Apr 29, 2016 | 14.58% |
| Jan 29, 2016 | 15.79% |
| Oct 30, 2015 | 7.37% |
| Jul 31, 2015 | 11.27% |
| Apr 24, 2015 | -0.01% |
| Jan 23, 2015 | 22.63% |
| Oct 24, 2014 | 18.96% |
| Jul 25, 2014 | 20.38% |