Medtronic (MDT) Operating Income (2014 - 2026)
Medtronic (MDT) recorded Operating Income of $1.76 billion in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 22.1% from $1.45 billion a year earlier but down 5.8% from the prior quarter.
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Analysis
Medtronic (MDT) Operating Income (2014 - 2026) Analysis & Trends
On a TTM basis, Medtronic's Operating Income came in at $6.79 billion as of Jul 31, 2026, up 10.9% year-over-year; for FY2026 (ended Apr 24, 2026), it came in at $6.47 billion, up 8.6% from FY2025.
- Annual Operating Income has a five-year compound annual growth rate of 7.6% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Income came in at $5.96 billion in FY2025 (+15.8%), $5.14 billion in FY2024 (-6.2%), $5.49 billion in FY2023 (-4.6%) and $5.75 billion in FY2022 (+28.3%).
- Quarterly Operating Income has ranged from $1.05 billion in fiscal Q4 2024 to $1.87 billion in fiscal Q4 2026 over the past five years.
- On a year-over-year basis, Operating Income rose in seven of the last eight quarters, with growth averaging 15.8%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 68.1% in fiscal Q2 2022, against a decline of 32.7% in fiscal Q4 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $1.87 billion (Q4 2026), $1.46 billion (Q3 2026) and $1.69 billion (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 2.09 Bn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 1.69 Bn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 1.13 Bn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 971.90 Mn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 1.76 Bn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 1.66 Bn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 1.18 Bn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 663.00 Mn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 513.20 Mn |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 444.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.76 Bn |
| Apr 24, 2026 | 1.87 Bn |
| Jan 23, 2026 | 1.46 Bn |
| Oct 24, 2025 | 1.69 Bn |
| Jul 25, 2025 | 1.45 Bn |
| Apr 25, 2025 | 1.44 Bn |
| Jan 24, 2025 | 1.65 Bn |
| Oct 25, 2024 | 1.60 Bn |
| Jul 26, 2024 | 1.28 Bn |
| Apr 26, 2024 | 1.05 Bn |
| Jan 26, 2024 | 1.48 Bn |
| Oct 27, 2023 | 1.34 Bn |
| Jul 28, 2023 | 1.27 Bn |
| Apr 28, 2023 | 1.57 Bn |
| Jan 27, 2023 | 1.39 Bn |
| Oct 28, 2022 | 1.40 Bn |
| Jul 29, 2022 | 1.13 Bn |
| Apr 29, 2022 | 1.67 Bn |
| Jan 28, 2022 | 1.66 Bn |
| Oct 29, 2021 | 1.56 Bn |
API Access
Medtronic Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();