Medtronic (MDT) Operating Expenses (2013 - 2026)

Medtronic's Operating Expenses history runs 14 years deep, the most recent figure standing at $3.8 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 9.32% year-over-year to $3.8 billion; the TTM figure through Jan 2026 stood at $14.6 billion (up 4.01% YoY), while the FY2025 annual figure was $13.8 billion, up 1.1% from the prior year.
• Operating Expenses came in at $3.8 billion for Q1 2026 at Medtronic, up from $3.7 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $3.8 billion in Q1 2026 to a low of $3.3 billion in Q3 2022.
• A 5-year average of $3.5 billion and a median of $3.4 billion in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses fell 5.05% in 2025 and gained 9.32% in 2026, its largest moves.
• Medtronic's Operating Expenses stood at $3.3 billion in 2022, then increased by 3.04% to $3.4 billion in 2023, then rose by 1.75% to $3.5 billion in 2024, then gained by 7.12% to $3.7 billion in 2025, then increased by 0.62% to $3.8 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $3.8 billion, $3.7 billion, and $3.6 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

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