Medtronic Income Statement

Financials in millions USD. Fiscal year is May - April.

Millions USD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 23, 2026	Apr '25 Apr 25, 2025	Apr '24 Apr 26, 2024	Apr '23 Apr 28, 2023	Apr '22 Apr 29, 2022	Apr '21 Apr 30, 2021
Revenue	35,483	33,537	32,364	31,227	31,686	30,117
Revenue Growth (YoY)	6.88%	3.62%	3.64%	-1.45%	5.21%	4.16%
Cost of Revenue	12,470	11,632	11,216	10,719	10,145	10,483
Gross Profit	23,013	21,905	21,148	20,508	21,541	19,634
Selling, General & Admin	11,447	10,849	10,736	10,415	10,292	10,148
Depreciation & Amortization Expenses	1,927	1,807	1,693	1,698	1,733	1,783
Research & Development	2,886	2,732	2,735	2,696	2,746	2,493
Other Operating Expenses	723	561	839	214	1,017	726
Total Operating Expenses	16,983	15,949	16,003	15,023	15,788	15,150
Operating Income	6,031	5,955	5,144	5,485	5,752	4,484
Interest Expense	-712	-729	-719	-636	-553	-925
Other Non-Operating Income (Expense)	244	402	412	515	318	336
Total Non-Operating Income (Expense)	-468	-327	-307	-121	-235	-589
Pretax Income	5,564	5,628	4,837	5,364	5,517	3,895
Provision for Income Taxes	923	936	1,133	1,580	456	265
Net Income	4,613	4,662	3,676	3,758	5,039	3,606
Minority Interest in Earnings	25	29	28	26	22	24
Net Income to Common	4,613	4,662	3,676	3,758	5,039	3,606
Net Income Growth	8.29%	26.82%	-2.18%	-25.42%	39.74%	-24.70%
Shares Outstanding (Basic)	1,282	1,286	1,328	1,330	1,342	1,345
Shares Outstanding (Diluted)	1,288	1,290	1,330	1,333	1,351	1,354
Shares Change (YoY)	-0.82%	-3.03%	-0.19%	-1.38%	-0.19%	0.21%
EPS (Basic)	3.59	3.63	2.77	2.83	3.75	2.68
EPS (Diluted)	3.59	3.61	2.76	2.82	3.73	2.66
EPS Growth	9.12%	30.80%	-2.13%	-24.40%	40.23%	-24.86%
Shares Outstanding	1,282	1,282	1,311	1,331	1,331	1,345
Free Cash Flow	5,410	5,185	5,200	4,580	5,978	4,885
Free Cash Flow Growth	4.34%	-0.29%	13.54%	-23.39%	22.38%	-18.87%
Free Cash Flow Per Share	4.20	4.02	3.91	3.44	4.42	3.61
Dividends Per Share	2.830	2.800	2.760	2.720	2.520	2.320
Dividend Growth	1.07%	1.45%	1.47%	7.94%	8.62%	7.41%
Gross Margin	64.86%	65.32%	65.34%	65.67%	67.98%	65.19%
Operating Margin	17.00%	17.76%	15.89%	17.56%	18.15%	14.89%
Profit Margin	13.07%	13.99%	11.45%	12.12%	15.98%	12.05%
FCF Margin	15.25%	15.46%	16.07%	14.67%	18.87%	16.22%
EBITDA	9,113	8,816	7,791	8,182	8,459	7,186
EBITDA Margin	25.68%	26.29%	24.07%	26.20%	26.70%	23.86%
EBIT	6,031	5,955	5,144	5,485	5,752	4,484
EBIT Margin	17.00%	17.76%	15.89%	17.56%	18.15%	14.89%
Effective Tax Rate	16.59%	16.63%	23.42%	29.46%	8.27%	6.80%

Updated Jan 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q