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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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Home›MDT›Financials
Annual statements · SEC XBRL · FY2017 – FY2026

Medtronic plc (MDT) financials

Income statement

Medtronic plc (MDT) income statement, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue$29.7B$30.0B$30.6B$28.9B$30.1B$31.7B$31.2B$32.4B$33.5B$36.4B
Revenue growth—0.8%2.0%-5.4%4.2%5.2%-1.4%3.6%3.6%8.4%
Gross profit$20.4B$20.9B————————
Gross margin68.7%69.8%————————
Operating income$5.38B$6.64B$6.27B$4.79B$4.48B$5.75B$5.49B$5.14B$5.96B$6.47B
Operating margin18.1%22.2%20.5%16.6%14.9%18.2%17.6%15.9%17.8%17.8%
Net income$4.03B$3.10B$4.63B$4.79B$3.61B$5.04B$3.76B$3.68B$4.66B$4.80B
Net margin13.6%10.4%15.2%16.6%12.0%15.9%12.0%11.4%13.9%13.2%
EPS (diluted)$2.89$2.27$3.41$3.54$2.66$3.73$2.82$2.76$3.61$3.73

Cash flow

Medtronic plc (MDT) cash flow, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow$6.88B$4.68B$7.01B$7.23B$6.24B$7.35B$6.04B$6.79B$7.04B$7.33B
Capital expenditures$1.25B$1.07B$1.13B$1.21B$1.35B$1.37B$1.46B$1.59B$1.86B$1.90B
Free cash flow$5.63B$3.62B$5.87B$6.02B$4.88B$5.98B$4.58B$5.20B$5.18B$5.43B
Share buybacks$3.54B$2.17B$2.88B$1.33B$652M$2.54B$645M$2.14B$3.23B$1.03B
Dividends paid$2.38B$2.49B$2.69B$2.89B$3.12B$3.38B$3.62B$3.67B$3.59B$3.64B

Balance sheet

Medtronic plc (MDT) balance sheet, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash & equivalents$4.97B$3.67B$4.39B$4.14B$3.59B$3.71B$1.54B$1.28B$2.22B$1.95B
Total assets$99.9B$91.4B$89.7B$90.7B$93.1B$91.0B$90.9B$90.0B$91.7B$93.0B
Total liabilities$49.5B$40.6B$39.5B$39.8B$41.5B$38.3B$39.3B$39.6B$43.4B$43.0B
Long-term debt$25.9B$23.7B$24.6B$22.1B——————
Shareholders' equity$50.2B$50.7B$50.1B$50.7B$51.4B$52.6B$51.5B$50.2B$48.0B$49.5B
Retained earnings$23.3B$24.4B$26.3B$28.1B$28.6B$30.3B$30.4B$30.4B$31.5B$32.6B
Shares (wtd avg diluted)1.39B1.37B1.36B1.35B1.35B1.35B1.33B1.33B1.29B1.29B

Every figure is extracted from Medtronic plc’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Medtronic plc's annual revenue?
Medtronic plc (MDT) reported $36.4B of revenue for fiscal year 2026 — up 8.4% from $33.5B in FY2025, per its annual report filed with the SEC.
Is Medtronic plc profitable?
Yes — MDT earned $4.80B of net income in FY2026, a 13.2% net margin, per SEC filings.
What is Medtronic plc's free cash flow?
$5.43B in FY2026 (operating cash flow $7.33B minus $1.90B of capital expenditures), from the SEC cash-flow statement.
Does MDT pay a dividend?
Yes — Medtronic plc paid $3.64B in cash dividends during FY2026, per its SEC cash-flow statement.
Full MDT analysis — verdict, score & filings →Is MDT a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.