Medtronic (MDT) Revenue (2014 - 2026)
Medtronic (MDT) recorded Revenue of $9.76 billion in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 13.7% from $8.58 billion a year earlier but down 0.5% from the prior quarter.
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Analysis
Medtronic (MDT) Revenue (2014 - 2026) Analysis & Trends
On a TTM basis, Medtronic's Revenue came in at $37.54 billion as of Jul 31, 2026, up 9.8% year-over-year; for FY2026 (ended Apr 24, 2026), it was $36.36 billion, up 8.4% from FY2025.
- Annual Revenue has increased for three straight fiscal years, with a five-year compound annual growth rate of 3.8% (FY2021 to FY2026).
- Across earlier fiscal years, Revenue came in at $33.54 billion in FY2025 (+3.6%), $32.36 billion in FY2024 (+3.6%), $31.23 billion in FY2023 (-1.4%) and $31.69 billion in FY2022 (+5.2%).
- Quarterly Revenue has ranged from $7.37 billion in fiscal Q1 2023 to $9.81 billion in fiscal Q4 2026 over the past five years.
- On a year-over-year basis, Revenue has increased for 14 consecutive quarters, with growth averaging 7.4% over the last eight quarters.
- Peak year-over-year performance for Revenue in the last five years was growth of 13.7% in fiscal Q1 2027, against a decline of 7.7% in fiscal Q1 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $9.81 billion (Q4 2026), $9.02 billion (Q3 2026) and $8.96 billion (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.25 Bn | 220.40 Bn | 4.88 Bn | 11.99 Bn |
| 2 | Abbott Laboratories | 167.33 Bn | 138.41 Bn | 7.27 Bn | 12.59 Bn |
| 3 | Danaher | 148.83 Bn | 132.65 Bn | 3.61 Bn | 6.27 Bn |
| 4 | Intuitive Surgical | 142.00 Bn | 121.55 Bn | 1.96 Bn | 2.89 Bn |
| 5 | Medtronic | 110.70 Bn | 76.57 Bn | 6.34 Bn | 9.76 Bn |
| 6 | Stryker | 104.72 Bn | 90.84 Bn | 4.50 Bn | 6.59 Bn |
| 7 | Boston Scientific | 62.66 Bn | 57.67 Bn | 3.85 Bn | 5.44 Bn |
| 8 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 1.74 Bn |
| 9 | Becton Dickinson | 48.51 Bn | 45.66 Bn | 2.32 Bn | 4.98 Bn |
| 10 | Agilent Technologies | 46.99 Bn | 39.88 Bn | 1.04 Bn | 1.88 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 9.76 Bn |
| Apr 24, 2026 | 9.81 Bn |
| Jan 23, 2026 | 9.02 Bn |
| Oct 24, 2025 | 8.96 Bn |
| Jul 25, 2025 | 8.58 Bn |
| Apr 25, 2025 | 8.93 Bn |
| Jan 24, 2025 | 8.29 Bn |
| Oct 25, 2024 | 8.40 Bn |
| Jul 26, 2024 | 7.92 Bn |
| Apr 26, 2024 | 8.59 Bn |
| Jan 26, 2024 | 8.09 Bn |
| Oct 27, 2023 | 7.98 Bn |
| Jul 28, 2023 | 7.70 Bn |
| Apr 28, 2023 | 8.55 Bn |
| Jan 27, 2023 | 7.73 Bn |
| Oct 28, 2022 | 7.59 Bn |
| Jul 29, 2022 | 7.37 Bn |
| Apr 29, 2022 | 8.09 Bn |
| Jan 28, 2022 | 7.76 Bn |
| Oct 29, 2021 | 7.85 Bn |
API Access
Medtronic Revenue 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=revenue&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "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=revenue&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();