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 51 quarters of results from Apr 2013 through Jul 2026, standardized by Business Quant from the company’s SEC filings.
| Income StatementIncome Statement | Apr2013 | 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 | 7,847.00M | 7,763.00M | 8,089.00M | 7,371.00M | 7,585.00M | 7,727.00M | 8,545.00M | 7,702.00M | 7,984.00M | 8,089.00M | 8,589.00M | 7,915.00M | 8,403.00M | 8,292.00M | 8,927.00M | 8,578.00M | 8,961.00M | 9,017.00M | 9,807.00M | 9,756.00M | |||||||||||||||||||||||||||||||
| Cost of RevenueCost of Rev | 2,497.00M | 2,459.00M | 2,591.00M | 2,516.00M | 2,535.00M | 2,689.00M | 2,979.00M | 2,628.00M | 2,761.00M | 2,782.00M | 3,044.00M | 2,761.00M | 2,946.00M | 2,779.00M | 3,147.00M | 3,001.00M | 3,061.00M | 3,261.00M | 3,398.00M | 3,416.00M | |||||||||||||||||||||||||||||||
| Gross Profit | 5,350.00M | 5,304.00M | 5,498.00M | 4,855.00M | 5,050.00M | 5,038.00M | 5,566.00M | 5,074.00M | 5,223.00M | 5,307.00M | 5,545.00M | 5,154.00M | 5,457.00M | 5,513.00M | 5,780.00M | 5,577.00M | 5,900.00M | 5,756.00M | 6,409.00M | 6,340.00M | |||||||||||||||||||||||||||||||
| Operating items | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Amortization - Intangibles | 431.00M | 432.00M | 433.00M | 423.00M | 421.00M | 431.00M | 400.00M | 429.00M | 425.00M | 419.00M | 400.00M | 414.00M | 413.00M | 416.00M | 564.00M | 459.00M | 463.00M | 441.00M | 436.00M | 412.00M | |||||||||||||||||||||||||||||||
| Research & DevelopmentR&D | 676.00M | 668.00M | 652.00M | 692.00M | 676.00M | 688.00M | 641.00M | 668.00M | 698.00M | 695.00M | 675.00M | 676.00M | 697.00M | 675.00M | 684.00M | 726.00M | 754.00M | 722.00M | 671.00M | 771.00M | |||||||||||||||||||||||||||||||
| Selling, General & AdministrativeSG&A | 2,615.00M | 2,561.00M | 2,569.00M | 2,567.00M | 2,617.00M | 2,615.00M | 2,616.00M | 2,613.00M | 2,686.00M | 2,673.00M | 2,765.00M | 2,655.00M | 2,757.00M | 2,717.00M | 2,720.00M | 2,806.00M | 2,965.00M | 2,956.00M | 3,057.00M | 3,198.00M | |||||||||||||||||||||||||||||||
| Restructuring CostsRestructuring | 77.00M | 78.00M | 98.00M | 76.00M | 95.00M | 104.00M | 300.00M | 91.00M | 91.00M | 55.00M | 300.00M | 62.00M | 46.00M | 46.00M | 168.00M | 67.00M | 13.00M | 172.00M | 119.00M | 89.00M | |||||||||||||||||||||||||||||||
| Other Operating ExpensesOther Opex | -21.00M | 63.00M | -143.00M | -35.00M | 97.00M | 125.00M | -56.00M | -1.00M | 31.00M | -17.00M | -328.00M | -1.00M | 34.00M | 5.00M | 302.00M | -43.00M | -22.00M | -35.00M | -147.00M | -123.00M | |||||||||||||||||||||||||||||||
| Operating ExpensesOpex | 3,368.00M | 3,307.00M | 3,319.00M | 3,335.00M | 3,388.00M | 3,407.00M | 3,557.00M | 3,372.00M | 3,475.00M | 3,423.00M | 3,740.00M | 3,393.00M | 3,500.00M | 3,438.00M | 3,572.00M | 3,599.00M | 3,732.00M | 3,850.00M | 3,847.00M | 4,058.00M | |||||||||||||||||||||||||||||||
| Operating IncomeOp. Inc | 1,563.00M | 1,659.00M | 1,671.00M | 1,125.00M | 1,404.00M | 1,392.00M | 1,565.00M | 1,268.00M | 1,340.00M | 1,483.00M | 1,053.00M | 1,278.00M | 1,595.00M | 1,646.00M | 1,436.00M | 1,445.00M | 1,686.00M | 1,464.00M | 1,873.00M | 1,764.00M | |||||||||||||||||||||||||||||||
| EBIT | 1,563.00M | 1,659.00M | 1,671.00M | 1,125.00M | 1,404.00M | 1,392.00M | 1,565.00M | 1,268.00M | 1,340.00M | 1,483.00M | 1,053.00M | 1,278.00M | 1,595.00M | 1,646.00M | 1,436.00M | 1,445.00M | 1,686.00M | 1,464.00M | 1,873.00M | 1,764.00M | |||||||||||||||||||||||||||||||
| Non-operating items | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Non Operating Interest Expenses | 136.00M | 137.00M | 143.00M | 164.00M | 118.00M | 167.00M | 187.00M | 148.00M | 180.00M | 188.00M | 202.00M | 167.00M | 209.00M | 179.00M | 174.00M | 176.00M | 181.00M | 181.00M | 176.00M | 186.00M | |||||||||||||||||||||||||||||||
| Non Operating Investment IncomeNon-Op. Investment Inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | 66.00M | 67.00M | 74.00M | 83.00M | 109.00M | 149.00M | 173.00M | 76.00M | 154.00M | 177.00M | 5.00M | 157.00M | 173.00M | 72.00M | -1.00M | 33.00M | 92.00M | 121.00M | 137.00M | 190.00M | |||||||||||||||||||||||||||||||
| Non Operating IncomeNon Op. Inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income details | |||||||||||||||||||||||||||||||||||||||||||||||||||
| EBT | 1,493.00M | 1,589.00M | 1,602.00M | 1,044.00M | 1,395.00M | 1,375.00M | 1,551.00M | 1,196.00M | 1,313.00M | 1,472.00M | 855.00M | 1,268.00M | 1,559.00M | 1,540.00M | 1,261.00M | 1,302.00M | 1,597.00M | 1,404.00M | 1,834.00M | 1,769.00M | |||||||||||||||||||||||||||||||
| Tax ProvisionsTaxes | 176.00M | 106.00M | 110.00M | 112.00M | 959.00M | 146.00M | 362.00M | 400.00M | 402.00M | 135.00M | 197.00M | 220.00M | 281.00M | 237.00M | 199.00M | 255.00M | 215.00M | 254.00M | 575.00M | 289.00M | |||||||||||||||||||||||||||||||
| Profit After TaxPAT | 1,317.00M | 1,483.00M | 1,492.00M | 932.00M | 436.00M | 1,229.00M | 1,189.00M | 796.00M | 911.00M | 1,337.00M | 658.00M | 1,048.00M | 1,278.00M | 1,303.00M | 1,062.00M | 1,047.00M | 1,382.00M | 1,150.00M | 1,259.00M | 1,480.00M | |||||||||||||||||||||||||||||||
| Income from Non-Controlling InterestsInc. Minority | 6.00M | 4.00M | 6.00M | 2.00M | 8.00M | 6.00M | 9.00M | 6.00M | 2.00M | 15.00M | 5.00M | 6.00M | 9.00M | 9.00M | 5.00M | 7.00M | 7.00M | 6.00M | 16.00M | 9.00M | |||||||||||||||||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 1,317.00M | 1,483.00M | 1,492.00M | 932.00M | 436.00M | 1,229.00M | 1,189.00M | 796.00M | 911.00M | 1,337.00M | 658.00M | 1,048.00M | 1,278.00M | 1,303.00M | 1,062.00M | 1,047.00M | 1,382.00M | 1,150.00M | 1,259.00M | 1,480.00M | |||||||||||||||||||||||||||||||
| Consolidated Net IncomeConsol Net Inc. | 1,317.00M | 1,483.00M | 1,492.00M | 931.00M | 435.00M | 1,229.00M | 1,189.00M | 797.00M | 911.00M | 1,337.00M | 660.00M | 1,049.00M | 1,278.00M | 1,303.00M | 1,061.00M | 1,047.00M | 1,381.00M | 1,150.00M | 1,259.00M | 1,479.00M | |||||||||||||||||||||||||||||||
| Income towards Parent CompanyParent Net Inc | 1,311.00M | 1,480.00M | 1,485.00M | 929.00M | 427.00M | 1,222.00M | 1,179.00M | 791.00M | 909.00M | 1,322.00M | 654.00M | 1,042.00M | 1,270.00M | 1,294.00M | 1,056.00M | 1,040.00M | 1,374.00M | 1,143.00M | 1,244.00M | 1,470.00M | |||||||||||||||||||||||||||||||
| Net Income towards Common StockholdersNet Income | 1,311.00M | 1,480.00M | 1,485.00M | 929.00M | 427.00M | 1,222.00M | 1,179.00M | 791.00M | 909.00M | 1,322.00M | 654.00M | 1,042.00M | 1,270.00M | 1,294.00M | 1,056.00M | 1,040.00M | 1,374.00M | 1,143.00M | 1,244.00M | 1,470.00M | |||||||||||||||||||||||||||||||
| Additional items | |||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS (Basic) | 0.97 | 1.10 | 1.11 | 0.70 | 0.32 | 0.92 | 0.89 | 0.59 | 0.68 | 0.99 | 0.49 | 0.81 | 0.99 | 1.01 | 0.82 | 0.81 | 1.07 | 0.89 | 0.97 | 1.15 | |||||||||||||||||||||||||||||||
| EPS (Diluted) | 0.97 | 1.10 | 1.10 | 0.70 | 0.32 | 0.92 | 0.88 | 0.59 | 0.68 | 0.99 | 0.49 | 0.80 | 0.99 | 1.01 | 0.82 | 0.81 | 1.07 | 0.89 | 0.97 | 1.14 | |||||||||||||||||||||||||||||||
| Shares Outstanding | 1,345.10M | 1,343.70M | 1,342.40M | 1,329.40M | 1,329.40M | 1,330.20M | 1,329.80M | 1,330.50M | 1,330.20M | 1,329.70M | 1,327.70M | 1,293.30M | 1,282.40M | 1,282.40M | 1,285.60M | 1,281.60M | 1,282.00M | 1,282.60M | 1,281.80M | 1,279.80M | |||||||||||||||||||||||||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 1,355.30M | 1,350.30M | 1,351.40M | 1,334.50M | 1,332.00M | 1,332.00M | 1,332.80M | 1,333.80M | 1,331.90M | 1,331.70M | 1,330.20M | 1,296.50M | 1,286.90M | 1,286.20M | 1,289.90M | 1,287.10M | 1,288.00M | 1,289.50M | 1,288.10M | 1,285.10M | |||||||||||||||||||||||||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 1,344.86M | 1,342.57M | 1,330.74M | 1,329.28M | 1,330.15M | 1,330.38M | 1,330.81M | 1,330.50M | 1,330.17M | 1,329.65M | 1,311.34M | 1,282.49M | 1,282.55M | 1,283.27M | 1,281.93M | 1,281.87M | 1,281.98M | 1,283.37M | 1,280.18M | 1,280.05M | |||||||||||||||||||||||||||||||
| EBITDA | 2,239.00M | 2,331.00M | 2,359.00M | 1,793.00M | 2,075.00M | 2,071.00M | 2,244.00M | 1,940.00M | 2,012.00M | 2,132.00M | 1,707.00M | 1,940.00M | 2,270.00M | 2,330.00M | 2,276.00M | 2,193.00M | 2,431.00M | 2,213.00M | 2,589.00M | 2,493.00M | |||||||||||||||||||||||||||||||
| Interest ExpensesInt Expense | 136.00M | 137.00M | 143.00M | 164.00M | 118.00M | 167.00M | 187.00M | 148.00M | 180.00M | 188.00M | 202.00M | 167.00M | 209.00M | 179.00M | 174.00M | 176.00M | 181.00M | 181.00M | 176.00M | 186.00M | |||||||||||||||||||||||||||||||
| 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% |
Pull Medtronic's standardized financial statements into your own models, spreadsheets and apps with the Business Quant Financial Statements API. The request below follows the statement, frequency and period selected above. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/statements?ticker=MDT&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/statements"
params = {"ticker": "MDT", "statement": "IS", "frequency": "Quarter", "period": "all", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/statements?ticker=MDT&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEY");
const data = await res.json();