Medtronic reported revenue of $9.76B and net income of $1.48B for the quarter ended Jul 2026, up 13.7% year over year. This income statement covers 50 quarters of results from Apr 2014 through Jul 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Apr2014 | Jul2014 | Oct2014 | Jan2015 | Apr2015 | Jul2015 | Oct2015 | Jan2016 | Apr2016 | Jul2016 | Oct2016 | Jan2017 | Apr2017 | Jul2017 | Oct2017 | Jan2018 | Apr2018 | Jul2018 | Oct2018 | Jan2019 | Apr2019 | Jul2019 | Oct2019 | Jan2020 | Apr2020 | Jul2020 | Oct2020 | Jan2021 | Apr2021 | Jul2021 | Oct2021 | Jan2022 | Apr2022 | Jul2022 | Oct2022 | Jan2023 | Apr2023 | Jul2023 | Oct2023 | Jan2024 | Apr2024 | Jul2024 | Oct2024 | Jan2025 | Apr2025 | Jul2025 | Oct2025 | Jan2026 | Apr2026 | Jul2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue | 7.85B | 7.76B | 8.09B | 7.37B | 7.58B | 7.73B | 8.54B | 7.70B | 7.98B | 8.09B | 8.59B | 7.92B | 8.40B | 8.29B | 8.93B | 8.58B | 8.96B | 9.02B | 9.81B | 9.76B | ||||||||||||||||||||||||||||||
| Cost of RevenueCost of Rev | 2.50B | 2.46B | 2.59B | 2.52B | 2.54B | 2.69B | 2.98B | 2.63B | 2.76B | 2.78B | 3.04B | 2.76B | 2.95B | 2.78B | 3.15B | 3.00B | 3.06B | 3.26B | 3.40B | 3.42B | ||||||||||||||||||||||||||||||
| Gross Profit | 5.35B | 5.30B | 5.50B | 4.86B | 5.05B | 5.04B | 5.57B | 5.07B | 5.22B | 5.31B | 5.54B | 5.15B | 5.46B | 5.51B | 5.78B | 5.58B | 5.90B | 5.76B | 6.41B | 6.34B | ||||||||||||||||||||||||||||||
| Operating items | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Amortization - Intangibles | 0.43B | 0.43B | 0.43B | 0.42B | 0.42B | 0.43B | 0.40B | 0.43B | 0.42B | 0.42B | 0.40B | 0.41B | 0.41B | 0.42B | 0.56B | 0.46B | 0.46B | 0.44B | 0.44B | 0.41B | ||||||||||||||||||||||||||||||
| Research & DevelopmentR&D | 0.68B | 0.67B | 0.65B | 0.69B | 0.68B | 0.69B | 0.64B | 0.67B | 0.70B | 0.69B | 0.68B | 0.68B | 0.70B | 0.68B | 0.68B | 0.73B | 0.75B | 0.72B | 0.67B | 0.77B | ||||||||||||||||||||||||||||||
| Selling, General & AdministrativeSG&A | 2.62B | 2.56B | 2.57B | 2.57B | 2.62B | 2.62B | 2.62B | 2.61B | 2.69B | 2.67B | 2.77B | 2.65B | 2.76B | 2.72B | 2.72B | 2.81B | 2.96B | 2.96B | 3.06B | 3.20B | ||||||||||||||||||||||||||||||
| Restructuring CostsRestructuring | 0.08B | 0.08B | 0.15B | 0.08B | 0.10B | 0.10B | 0.30B | 0.09B | 0.09B | 0.06B | 0.30B | 0.06B | 0.05B | 0.05B | 0.16B | 0.03B | 0.01B | 0.17B | -0.14B | |||||||||||||||||||||||||||||||
| Other Operating ExpensesOther Opex | -0.02B | 0.06B | -0.14B | -0.04B | 0.10B | 0.12B | -0.06B | -0.00B | 0.03B | -0.02B | -0.48B | -0.00B | 0.03B | 0.01B | -0.01B | -0.07B | -0.02B | -0.04B | -0.16B | -0.12B | ||||||||||||||||||||||||||||||
| Operating ExpensesOpex | 3.37B | 3.31B | 3.38B | 3.33B | 3.39B | 3.41B | 3.56B | 3.37B | 3.48B | 3.42B | 3.74B | 3.39B | 3.50B | 3.44B | 3.57B | 3.56B | 3.73B | 3.85B | 3.59B | 3.97B | ||||||||||||||||||||||||||||||
| Operating IncomeOp. Inc | 1.56B | 1.66B | 1.67B | 1.12B | 1.40B | 1.39B | 1.56B | 1.27B | 1.34B | 1.48B | 1.05B | 1.28B | 1.59B | 1.65B | 1.44B | 1.45B | 1.69B | 1.46B | 1.87B | 1.76B | ||||||||||||||||||||||||||||||
| EBIT | 1.56B | 1.66B | 1.67B | 1.12B | 1.40B | 1.39B | 1.56B | 1.27B | 1.34B | 1.48B | 1.05B | 1.28B | 1.59B | 1.65B | 1.44B | 1.45B | 1.69B | 1.46B | 1.87B | 1.76B | ||||||||||||||||||||||||||||||
| Non-operating items | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Non Operating Interest Expenses | 0.14B | 0.14B | 0.14B | 0.16B | 0.12B | 0.17B | 0.19B | 0.15B | 0.18B | 0.19B | 0.20B | 0.17B | 0.21B | 0.18B | 0.17B | 0.18B | 0.18B | 0.18B | 0.18B | 0.19B | ||||||||||||||||||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | 0.07B | 0.07B | 0.07B | 0.08B | 0.11B | 0.15B | 0.17B | 0.08B | 0.15B | 0.18B | 0.01B | 0.16B | 0.17B | 0.07B | -0.00B | 0.03B | 0.09B | 0.12B | 0.14B | 0.19B | ||||||||||||||||||||||||||||||
| Non Operating IncomeNon Op. Inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income details | ||||||||||||||||||||||||||||||||||||||||||||||||||
| EBT | 1.49B | 1.59B | 1.60B | 1.04B | 1.40B | 1.38B | 1.55B | 1.20B | 1.31B | 1.47B | 0.85B | 1.27B | 1.56B | 1.54B | 1.26B | 1.30B | 1.60B | 1.40B | 1.83B | 1.77B | ||||||||||||||||||||||||||||||
| Tax ProvisionsTaxes | 0.18B | 0.11B | 0.11B | 0.11B | 0.96B | 0.15B | 0.36B | 0.40B | 0.40B | 0.14B | 0.20B | 0.22B | 0.28B | 0.24B | 0.20B | 0.26B | 0.21B | 0.25B | 0.57B | 0.29B | ||||||||||||||||||||||||||||||
| Profit After TaxPAT | 1.32B | 1.48B | 1.49B | 0.93B | 0.43B | 1.23B | 1.19B | 0.80B | 0.91B | 1.34B | 0.66B | 1.05B | 1.28B | 1.30B | 1.06B | 1.05B | 1.38B | 1.15B | 1.26B | 1.48B | ||||||||||||||||||||||||||||||
| Income from Non-Controlling InterestsInc. Minority | 0.01B | 0.00B | 0.01B | 0.00B | 0.01B | 0.01B | 0.01B | 0.01B | 0.00B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.02B | 0.01B | ||||||||||||||||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 1.32B | 1.48B | 1.49B | 0.93B | 0.44B | 1.23B | 1.19B | 0.80B | 0.91B | 1.34B | 0.66B | 1.05B | 1.28B | 1.30B | 1.06B | 1.05B | 1.38B | 1.15B | 1.26B | 1.48B | ||||||||||||||||||||||||||||||
| Consolidated Net IncomeConsol Net Inc. | 1.32B | 1.48B | 1.49B | 0.93B | 0.44B | 1.23B | 1.19B | 0.80B | 0.91B | 1.34B | 0.66B | 1.05B | 1.28B | 1.30B | 1.06B | 1.05B | 1.38B | 1.15B | 1.26B | 1.48B | ||||||||||||||||||||||||||||||
| Income towards Parent CompanyParent Net Inc | 1.32B | 1.48B | 1.49B | 0.93B | 0.44B | 1.23B | 1.19B | 0.80B | 0.91B | 1.34B | 0.66B | 1.05B | 1.28B | 1.30B | 1.06B | 1.05B | 1.38B | 1.15B | 1.26B | 1.48B | ||||||||||||||||||||||||||||||
| Net Income towards Common StockholdersNet Income | 1.32B | 1.48B | 1.49B | 0.93B | 0.44B | 1.23B | 1.19B | 0.80B | 0.91B | 1.34B | 0.66B | 1.05B | 1.28B | 1.30B | 1.06B | 1.05B | 1.38B | 1.15B | 1.26B | 1.48B | ||||||||||||||||||||||||||||||
| Additional items | ||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS (Basic) | 0.98 | 1.10 | 1.11 | 0.70 | 0.33 | 0.92 | 0.89 | 0.60 | 0.68 | 1.01 | 0.50 | 0.81 | 1.00 | 1.02 | 0.83 | 0.82 | 1.08 | 0.90 | 0.98 | 1.16 | ||||||||||||||||||||||||||||||
| EPS (Diluted) | 0.97 | 1.10 | 1.10 | 0.70 | 0.33 | 0.92 | 0.89 | 0.60 | 0.68 | 1.00 | 0.49 | 0.81 | 0.99 | 1.01 | 0.82 | 0.81 | 1.07 | 0.89 | 0.98 | 1.15 | ||||||||||||||||||||||||||||||
| Shares Outstanding | 1.35B | 1.34B | 1.34B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.29B | 1.28B | 1.28B | 1.29B | 1.28B | 1.28B | 1.28B | 1.28B | 1.28B | ||||||||||||||||||||||||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 1.36B | 1.35B | 1.35B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.30B | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B | ||||||||||||||||||||||||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 1.34B | 1.34B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.31B | 1.28B | 1.28B | 1.28B | 1.28B | 1.28B | 1.28B | 1.28B | 1.28B | 1.28B | ||||||||||||||||||||||||||||||
| EBITDA | 1.56B | 1.66B | 1.67B | 1.12B | 1.40B | 1.39B | 1.56B | 1.27B | 1.34B | 1.48B | 1.05B | 1.28B | 1.59B | 1.65B | 1.44B | 1.45B | 1.69B | 1.46B | 1.87B | 1.76B | ||||||||||||||||||||||||||||||
| Interest ExpensesInt Expense | 0.14B | 0.14B | 0.14B | 0.16B | 0.12B | 0.17B | 0.19B | 0.15B | 0.18B | 0.19B | 0.20B | 0.17B | 0.21B | 0.18B | 0.17B | 0.18B | 0.18B | 0.18B | 0.18B | 0.19B | ||||||||||||||||||||||||||||||
| Tax Rate | 11.79% | 6.67% | 6.87% | 10.73% | 68.75% | 10.62% | 23.34% | 33.44% | 30.62% | 9.17% | 23.04% | 17.35% | 18.02% | 15.39% | 15.78% | 19.59% | 13.46% | 18.09% | 31.35% | 16.34% |