Medtronic (MDT) Operating Expenses (2014 - 2026)

Medtronic has disclosed Operating Expenses across 13 years of filings, most recently posting $4.0 billion for Q3 2026.

• In Q3 2026, Operating Expenses rose 11.52% year-over-year to $4.0 billion; the TTM figure through Jul 2026 stood at $15.1 billion (up 7.66% YoY), while the FY2026 annual figure was $14.8 billion, up 6.27% from the prior year.
• Operating Expenses came in at $4.0 billion for Q3 2026 at Medtronic, up from $3.6 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $4.0 billion in Q3 2026 to a low of $3.3 billion in Q1 2022.
• Average Operating Expenses over 5 years is $3.5 billion, with a median of $3.5 billion recorded in 2023.
• Year-over-year, Operating Expenses declined 17.1% in 2022 and rose 11.98% in 2026.
• Over 5 years, Operating Expenses stood at $3.4 billion in 2022, then grew by 2.57% to $3.5 billion in 2023, then increased by 0.72% to $3.5 billion in 2024, then climbed by 6.63% to $3.7 billion in 2025, then gained by 6.35% to $4.0 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $4.0 billion in Q3 2026, $3.6 billion in Q2 2026, and $3.8 billion in Q1 2026.