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Medtronic (MDT) Operating Expenses (2016 - 2026)

Medtronic (MDT) has disclosed Operating Expenses for 14 consecutive years, with $3.8 billion as the latest value for Q1 2026.

  • Quarterly Operating Expenses rose 9.32% to $3.8 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $14.6 billion through Jan 2026, up 4.01% year-over-year, with the annual reading at $13.8 billion for FY2025, 1.1% up from the prior year.
  • Operating Expenses hit $3.8 billion in Q1 2026 for 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.
  • Historically, Operating Expenses has averaged $3.5 billion across 5 years, with a median of $3.4 billion in 2023.
  • Biggest five-year swings in Operating Expenses: dropped 5.05% in 2025 and later increased 9.32% in 2026.
  • Year by year, Operating Expenses stood at $3.3 billion in 2022, then rose by 3.04% to $3.4 billion in 2023, then grew by 1.75% to $3.5 billion in 2024, then increased by 7.12% to $3.7 billion in 2025, then rose by 0.62% to $3.8 billion in 2026.
  • Business Quant data shows Operating Expenses for MDT at $3.8 billion in Q1 2026, $3.7 billion in Q4 2025, and $3.6 billion in Q3 2025.