Medtronic (MDT) Shares Outstanding (Diluted) (2014 - 2026)
Medtronic (MDT) posted Shares Outstanding (Diluted) of 1.29 billion for fiscal Q1 2027 (quarter ended Jul 31, 2026), down 0.2% from 1.29 billion a year earlier and down 0.2% from the prior quarter.
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Analysis
Medtronic (MDT) Shares Outstanding (Diluted) (2014 - 2026) Analysis & Trends
Since fiscal Q4 2014, Medtronic has reported Shares Outstanding (Diluted) for 50 quarters.
- Annual Shares Outstanding (Diluted) has declined for five consecutive fiscal years, with a five-year compound annual growth rate of -1.0% (FY2021 to FY2026).
- In prior fiscal years, Medtronic's Shares Outstanding (Diluted) was 1.29 billion in FY2025 (-3.0%), 1.33 billion in FY2024 (-0.2%), 1.33 billion in FY2023 (-1.4%) and 1.35 billion in FY2022 (-0.2%).
- The fiscal Q1 2027 figure stands as the lowest quarterly Shares Outstanding (Diluted) since fiscal Q4 2015.
- On a year-over-year basis, Shares Outstanding (Diluted) increased in two of the last eight quarters, with an average decline of 1.3%.
- The strongest year-over-year quarter for Shares Outstanding (Diluted) in the past five years was fiscal Q3 2026, with growth of 0.3%; the weakest was fiscal Q3 2025, with a decline of 3.4%.
- According to Business Quant data, Shares Outstanding (Diluted) for the three prior fiscal quarters was 1.29 billion (Q4 2026), 1.29 billion (Q3 2026) and 1.29 billion (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 371.00 Mn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 1.74 Bn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 707.60 Mn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 357.30 Mn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 1.29 Bn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 386.00 Mn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 1.47 Bn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 275.16 Mn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 577.60 Mn |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 283.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.29 Bn |
| Apr 24, 2026 | 1.29 Bn |
| Jan 23, 2026 | 1.29 Bn |
| Oct 24, 2025 | 1.29 Bn |
| Jul 25, 2025 | 1.29 Bn |
| Apr 25, 2025 | 1.29 Bn |
| Jan 24, 2025 | 1.29 Bn |
| Oct 25, 2024 | 1.29 Bn |
| Jul 26, 2024 | 1.30 Bn |
| Apr 26, 2024 | 1.33 Bn |
| Jan 26, 2024 | 1.33 Bn |
| Oct 27, 2023 | 1.33 Bn |
| Jul 28, 2023 | 1.33 Bn |
| Apr 28, 2023 | 1.33 Bn |
| Jan 27, 2023 | 1.33 Bn |
| Oct 28, 2022 | 1.33 Bn |
| Jul 29, 2022 | 1.33 Bn |
| Apr 29, 2022 | 1.35 Bn |
| Jan 28, 2022 | 1.35 Bn |
| Oct 29, 2021 | 1.36 Bn |
API Access
Medtronic Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();