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Medtronic plc

NYSE: MDT · USD

Medtronic plc financials

6 charts

Revenue

USD millions

$9,756M
Medtronic plc Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2015 Q3$0M; Change unavailable vs FY 2015 Q2
FY 2015 Q4$7,304M; Change unavailable vs FY 2015 Q3
FY 2016 Q1$7,274M; −0.4% vs FY 2015 Q4
FY 2016 Q2$7,058M; −3.0% vs FY 2016 Q1
FY 2016 Q3$6,934M; −1.8% vs FY 2016 Q2
FY 2016 Q4$7,567M; +9.1% vs FY 2016 Q3
FY 2017 Q1$7,166M; −5.3% vs FY 2016 Q4
FY 2017 Q2$7,345M; +2.5% vs FY 2017 Q1
FY 2017 Q3$7,283M; −0.8% vs FY 2017 Q2
FY 2017 Q4$7,916M; +8.7% vs FY 2017 Q3
FY 2018 Q1$7,390M; −6.6% vs FY 2017 Q4
FY 2018 Q2$7,050M; −4.6% vs FY 2018 Q1
FY 2018 Q3$7,369M; +4.5% vs FY 2018 Q2
FY 2018 Q4$8,144M; +10.5% vs FY 2018 Q3
FY 2019 Q1$7,384M; −9.3% vs FY 2018 Q4
FY 2019 Q2$7,481M; +1.3% vs FY 2019 Q1
FY 2019 Q3$7,546M; +0.9% vs FY 2019 Q2
FY 2019 Q4$8,146M; +8.0% vs FY 2019 Q3
FY 2020 Q1$7,493M; −8.0% vs FY 2019 Q4
FY 2020 Q2$7,706M; +2.8% vs FY 2020 Q1
FY 2020 Q3$7,717M; +0.1% vs FY 2020 Q2
FY 2020 Q4$5,998M; −22.3% vs FY 2020 Q3
FY 2021 Q1$6,507M; +8.5% vs FY 2020 Q4
FY 2021 Q2$7,647M; +17.5% vs FY 2021 Q1
FY 2021 Q3$7,775M; +1.7% vs FY 2021 Q2
FY 2021 Q4$8,188M; +5.3% vs FY 2021 Q3
FY 2022 Q1$7,987M; −2.5% vs FY 2021 Q4
FY 2022 Q2$7,847M; −1.8% vs FY 2022 Q1
FY 2022 Q3$7,763M; −1.1% vs FY 2022 Q2
FY 2022 Q4$8,089M; +4.2% vs FY 2022 Q3
FY 2023 Q1$7,371M; −8.9% vs FY 2022 Q4
FY 2023 Q2$7,585M; +2.9% vs FY 2023 Q1
FY 2023 Q3$7,727M; +1.9% vs FY 2023 Q2
FY 2023 Q4$8,545M; +10.6% vs FY 2023 Q3
FY 2024 Q1$7,702M; −9.9% vs FY 2023 Q4
FY 2024 Q2$7,984M; +3.7% vs FY 2024 Q1
FY 2024 Q3$8,089M; +1.3% vs FY 2024 Q2
FY 2024 Q4$8,589M; +6.2% vs FY 2024 Q3
FY 2025 Q1$7,915M; −7.8% vs FY 2024 Q4
FY 2025 Q2$8,403M; +6.2% vs FY 2025 Q1
FY 2025 Q3$8,292M; −1.3% vs FY 2025 Q2
FY 2025 Q4$8,927M; +7.7% vs FY 2025 Q3
FY 2026 Q1$8,578M; −3.9% vs FY 2025 Q4
FY 2026 Q2$8,961M; +4.5% vs FY 2026 Q1
FY 2026 Q3$9,017M; +0.6% vs FY 2026 Q2
FY 2026 Q4$9,807M; +8.8% vs FY 2026 Q3
FY 2027 Q1$9,756M; −0.5% vs FY 2026 Q4
Jan 23, 2015 through Sep 25, 2026

Free cash flow

USD millions

$1,290M
Medtronic plc Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2015 Q3$1,661M; Change unavailable vs FY 2015 Q2
FY 2015 Q4$1,657M; −0.2% vs FY 2015 Q3
FY 2016 Q1$592M; −64.3% vs FY 2015 Q4
FY 2016 Q2$1,057M; +78.5% vs FY 2016 Q1
FY 2016 Q3$1,550M; +46.6% vs FY 2016 Q2
FY 2016 Q4$973M; −37.2% vs FY 2016 Q3
FY 2017 Q1$1,220M; +25.4% vs FY 2016 Q4
FY 2017 Q2$1,204M; −1.3% vs FY 2017 Q1
FY 2017 Q3$1,759M; +46.1% vs FY 2017 Q2
FY 2017 Q4$1,443M; −18.0% vs FY 2017 Q3
FY 2018 Q1$459M; −68.2% vs FY 2017 Q4
FY 2018 Q2$661M; +44.0% vs FY 2018 Q1
FY 2018 Q3$1,750M; +164.8% vs FY 2018 Q2
FY 2018 Q4$746M; −57.4% vs FY 2018 Q3
FY 2019 Q1$1,411M; +89.1% vs FY 2018 Q4
FY 2019 Q2$957M; −32.2% vs FY 2019 Q1
FY 2019 Q3$1,753M; +83.2% vs FY 2019 Q2
FY 2019 Q4$1,752M; −0.1% vs FY 2019 Q3
FY 2020 Q1$1,209M; −31.0% vs FY 2019 Q4
FY 2020 Q2$1,584M; +31.0% vs FY 2020 Q1
FY 2020 Q3$2,114M; +33.5% vs FY 2020 Q2
FY 2020 Q4$1,114M; −47.3% vs FY 2020 Q3
FY 2021 Q1$-56M; −105.0% vs FY 2020 Q4
FY 2021 Q2$1,580M; +2921.4% vs FY 2021 Q1
FY 2021 Q3$1,993M; +26.1% vs FY 2021 Q2
FY 2021 Q4$1,368M; −31.4% vs FY 2021 Q3
FY 2022 Q1$914M; −33.2% vs FY 2021 Q4
FY 2022 Q2$1,498M; +63.9% vs FY 2022 Q1
FY 2022 Q3$1,898M; +26.7% vs FY 2022 Q2
FY 2022 Q4$1,668M; −12.1% vs FY 2022 Q3
FY 2023 Q1$657M; −60.6% vs FY 2022 Q4
FY 2023 Q2$599M; −8.8% vs FY 2023 Q1
FY 2023 Q3$1,242M; +107.3% vs FY 2023 Q2
FY 2023 Q4$2,082M; +67.6% vs FY 2023 Q3
FY 2024 Q1$521M; −75.0% vs FY 2023 Q4
FY 2024 Q2$200M; −61.6% vs FY 2024 Q1
FY 2024 Q3$2,128M; +964.0% vs FY 2024 Q2
FY 2024 Q4$2,351M; +10.5% vs FY 2024 Q3
FY 2025 Q1$466M; −80.2% vs FY 2024 Q4
FY 2025 Q2$554M; +18.9% vs FY 2025 Q1
FY 2025 Q3$2,096M; +278.3% vs FY 2025 Q2
FY 2025 Q4$2,069M; −1.3% vs FY 2025 Q3
FY 2026 Q1$584M; −71.8% vs FY 2025 Q4
FY 2026 Q2$457M; −21.7% vs FY 2026 Q1
FY 2026 Q3$2,300M; +403.3% vs FY 2026 Q2
FY 2026 Q4$2,085M; −9.3% vs FY 2026 Q3
FY 2027 Q1$1,290M; −38.1% vs FY 2026 Q4

Net margin

%

15.07%
Medtronic plc Net margin. Reported fiscal history.
Fiscal period%
FY 2015 Q3—
FY 2015 Q4-0.01%
FY 2016 Q111.27%
FY 2016 Q27.37%
FY 2016 Q315.79%
FY 2016 Q414.59%
FY 2017 Q112.96%
FY 2017 Q215.18%
FY 2017 Q311.27%
FY 2017 Q414.69%
FY 2018 Q113.75%
FY 2018 Q228.61%
FY 2018 Q3-18.85%
FY 2018 Q417.93%
FY 2019 Q114.56%
FY 2019 Q214.9%
FY 2019 Q316.82%
FY 2019 Q414.39%
FY 2020 Q111.53%
FY 2020 Q217.7%
FY 2020 Q324.82%
FY 2020 Q410.77%
FY 2021 Q17.48%
FY 2021 Q26.39%
FY 2021 Q316.33%
FY 2021 Q416.61%
FY 2022 Q19.55%
FY 2022 Q216.71%
FY 2022 Q319.06%
FY 2022 Q418.36%
FY 2023 Q112.6%
FY 2023 Q25.63%
FY 2023 Q315.81%
FY 2023 Q413.8%
FY 2024 Q110.27%
FY 2024 Q211.39%
FY 2024 Q316.34%
FY 2024 Q47.61%
FY 2025 Q113.16%
FY 2025 Q215.11%
FY 2025 Q315.61%
FY 2025 Q411.83%
FY 2026 Q112.12%
FY 2026 Q215.33%
FY 2026 Q312.68%
FY 2026 Q412.68%
FY 2027 Q115.07%

P/E

× · TTM · Daily

21.78×
Medtronic plc P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2015-06-3030.72×2015-04-24
2015-07-3132.5×2015-04-24
2015-08-3129.97×2015-04-24
2015-09-3027.75×2015-04-24
2015-10-3030.65×2015-04-24
2015-11-3031.23×2015-04-24
2015-12-3131.89×2015-04-24
2016-01-2931.47×2015-04-24
2016-02-2932.08×2015-04-24
2016-03-3140.39×2015-04-24
2016-04-2942.62×2015-04-24
2016-05-3143.34×2015-04-24
2016-06-3034.72×2016-04-29
2016-07-2935.07×2016-04-29
2016-08-3134.83×2016-04-29
2016-09-3033.33×2016-07-29
2016-10-3131.64×2016-07-29
2016-11-3028.16×2016-07-29
2016-12-3023.38×2016-10-28
2017-01-3124.95×2016-10-28
2017-02-2826.55×2016-10-28
2017-03-3128.07×2017-01-27
2017-04-2828.95×2017-01-27
2017-05-3129.37×2017-01-27
2017-06-3030.44×2017-04-28
2017-07-3128.8×2017-04-28
2017-08-3127.65×2017-04-28
2017-09-2926×2017-07-28
2017-10-3126.92×2017-07-28
2017-11-3027.46×2017-07-28
2017-12-2921.98×2017-10-27
2018-01-3123.38×2017-10-27
2018-02-2821.75×2017-10-27
2018-03-2938.7×2018-01-26
2018-04-3038.65×2018-01-26
2018-05-3141.64×2018-01-26
2018-06-2937.68×2018-04-27
2018-07-3139.71×2018-04-27
2018-08-3142.43×2018-04-27
2018-09-2842.46×2018-07-27
2018-10-3138.77×2018-07-27
2018-11-3058.7×2018-10-26
2018-12-3154.75×2018-10-26
2019-01-3153.2×2018-10-26
2019-02-2854.47×2018-10-26
2019-03-2925.05×2019-01-25
2019-04-3024.42×2019-01-25
2019-05-3125.46×2019-01-25
2019-06-2828.42×2019-04-26
2019-07-3129.75×2019-04-26
2019-08-3031.49×2019-04-26
2019-09-3033.22×2019-07-26
2019-10-3133.31×2019-07-26
2019-11-2934.07×2019-07-26
2019-12-3132.84×2019-10-25
2020-01-3133.41×2019-10-25
2020-02-2829.14×2019-10-25
2020-03-3122.93×2020-01-24
2020-04-3024.83×2020-01-24
2020-05-2925.07×2020-01-24
2020-06-3025.84×2020-04-24
2020-07-3127.19×2020-04-24
2020-08-3130.29×2020-04-24
2020-09-3031.8×2020-07-31
2020-10-3030.77×2020-07-31
2020-11-3034.79×2020-07-31
2020-12-3144.78×2020-10-30
2021-01-2942.56×2020-10-30
2021-02-2644.71×2020-10-30
2021-03-3155.39×2021-01-29
2021-04-3061.39×2021-01-29
2021-05-2859.36×2021-01-29
2021-06-3046.75×2021-04-30
2021-07-3049.45×2021-04-30
2021-08-3150.27×2021-04-30
2021-09-3043.8×2021-07-30
2021-10-2941.88×2021-07-30
2021-11-3037.28×2021-07-30
2021-12-3129.81×2021-10-29
2022-01-3129.82×2021-10-29
2022-02-2830.25×2021-10-29
2022-03-3130.49×2022-01-28
2022-04-2928.68×2022-01-28
2022-05-3127.52×2022-01-28
2022-06-3023.94×2022-04-29
2022-07-2924.68×2022-04-29
2022-08-3123.45×2022-04-29
2022-09-3020.7×2022-07-29
2022-10-3122.39×2022-07-29
2022-11-3020.26×2022-07-29
2022-12-3023.96×2022-10-28
2023-01-3125.8×2022-10-28
2023-02-2825.52×2022-10-28
2023-03-3126.43×2023-01-27
2023-04-2829.82×2023-01-27
2023-05-3127.13×2023-01-27
2023-06-3028.88×2023-01-27
2023-07-3128.77×2023-01-27
2023-08-3126.72×2023-01-27
2023-09-2928.88×2023-07-28
2023-10-3126.01×2023-07-28
2023-11-3029.22×2023-07-28
2023-12-2926.75×2023-10-27
2024-01-3128.43×2023-10-27
2024-02-2926.42×2024-01-26
2024-03-2827.63×2024-01-26
2024-04-3025.44×2024-01-26
2024-05-3125.79×2024-01-26
2024-06-2828.34×2024-04-26
2024-07-3128.92×2024-04-26
2024-08-3031.89×2024-04-26
2024-09-3032.42×2024-04-26
2024-10-3132.14×2024-04-26
2024-11-2931.16×2024-04-26
2024-12-3128.76×2024-04-26
2025-01-3132.7×2024-04-26
2025-02-2833.13×2024-04-26
2025-03-3132.36×2024-04-26
2025-04-3030.52×2024-04-26
2025-05-3029.88×2024-04-26
2025-06-3024.08×2025-04-25
2025-07-3124.93×2025-04-25
2025-08-2925.64×2025-04-25
2025-09-3026.31×2025-04-25
2025-10-3125.05×2025-04-25
2025-11-2829.1×2025-04-25
2025-12-3126.53×2025-04-25
2026-01-3028.44×2025-04-25
2026-02-2727.3×2026-01-23
2026-03-3124.22×2026-01-23
2026-04-3022.63×2026-01-23
2026-05-2920.63×2026-01-23
2026-06-3020.98×2026-04-24
2026-07-3122.9×2026-04-24
2026-08-3124.32×2026-04-24
2026-09-2521.78×2026-07-31

ROIC

% · Annual / TTM

7.09%
Medtronic plc ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2015 Q3—
FY 2015 Q4—
FY 2016 Q1—
FY 2016 Q2—
FY 2016 Q3—
FY 2016 Q45.23%
FY 2017 Q15.36%
FY 2017 Q26.14%
FY 2017 Q35.89%
FY 2017 Q45.85%
FY 2018 Q15.92%
FY 2018 Q27.37%
FY 2018 Q34.34%
FY 2018 Q44.78%
FY 2019 Q14.8%
FY 2019 Q23.61%
FY 2019 Q37.61%
FY 2019 Q47.79%
FY 2020 Q18.13%
FY 2020 Q28.42%
FY 2020 Q3—
FY 2020 Q4—
FY 2021 Q1—
FY 2021 Q2—
FY 2021 Q3—
FY 2021 Q45.73%
FY 2022 Q15.98%
FY 2022 Q26.6%
FY 2022 Q36.8%
FY 2022 Q47.15%
FY 2023 Q17.39%
FY 2023 Q26.08%
FY 2023 Q35.64%
FY 2023 Q45.24%
FY 2024 Q15%
FY 2024 Q25.66%
FY 2024 Q35.74%
FY 2024 Q45.3%
FY 2025 Q15.55%
FY 2025 Q26%
FY 2025 Q36.08%
FY 2025 Q46.68%
FY 2026 Q16.75%
FY 2026 Q26.86%
FY 2026 Q36.66%
FY 2026 Q46.77%
FY 2027 Q17.09%

Capital allocation

% of tracked cash uses

$2,853M
Medtronic plc capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2015 Q323.82% · $106M7.42% · $33M0% · $0M67.42% · $300M1.35% · $6M100% · $445M
FY 2015 Q41.54% · $255M86.41% · $14,273M1.82% · $300M2.63% · $435M7.6% · $1,255M100% · $16,518M
FY 2016 Q18.31% · $224M6.64% · $179M27.83% · $750M19.96% · $538M37.25% · $1,004M100% · $2,695M
FY 2016 Q27.68% · $222M28.29% · $818M24.56% · $710M18.57% · $537M20.89% · $604M100% · $2,891M
FY 2016 Q315.16% · $247M8.29% · $135M43.59% · $710M32.72% · $533M0.25% · $4M100% · $1,629M
FY 2016 Q46.86% · $353M1.57% · $81M12.83% · $660M10.32% · $531M68.42% · $3,520M100% · $5,145M
FY 2017 Q112.13% · $330M0.44% · $12M64.79% · $1,763M22.01% · $599M0.62% · $17M100% · $2,721M
FY 2017 Q27.83% · $268M37.83% · $1,294M30.14% · $1,031M17.33% · $593M6.87% · $235M100% · $3,421M
FY 2017 Q319.61% · $326M1.32% · $22M37% · $615M35.5% · $590M6.56% · $109M100% · $1,662M
FY 2017 Q421.14% · $330MUnavailable8.65% · $135M38.05% · $594M32.16% · $502M100% · $1,561M
FY 2018 Q112.97% · $278M0% · $0M57.51% · $1,233M29.15% · $625M0.37% · $8M100% · $2,144M
FY 2018 Q24.28% · $246M1.32% · $76M11.39% · $655M10.81% · $622M72.2% · $4,153M100% · $5,752M
FY 2018 Q325.4% · $252M3.53% · $35M7.66% · $76M62.8% · $623M0.6% · $6M100% · $992M
FY 2018 Q46.71% · $292M0.6% · $26M4.76% · $207M14.34% · $624M73.6% · $3,203M100% · $4,352M
FY 2019 Q115.25% · $291M5.45% · $104M43.19% · $824M35.48% · $677M0.63% · $12M100% · $1,908M
FY 2019 Q29.7% · $206M0.71% · $15M57.61% · $1,223M31.75% · $674M0.24% · $5M100% · $2,123M
FY 2019 Q39.55% · $302M47.31% · $1,496M21.54% · $681M21.22% · $671M0.38% · $12M100% · $3,162M
FY 2019 Q43.61% · $335M2.28% · $212M1.6% · $149M7.23% · $671M85.28% · $7,919M100% · $9,286M
FY 2020 Q14.6% · $301M2.22% · $145M5.09% · $333M11.07% · $724M77.01% · $5,035M100% · $6,538M
FY 2020 Q212.58% · $283M2.49% · $56M27.96% · $629M32.13% · $723M24.84% · $559M100% · $2,250M
FY 2020 Q323% · $293MUnavailable19.31% · $246M56.75% · $723M0.94% · $12M100% · $1,274M
FY 2020 Q417.05% · $336M14.66% · $289M5.99% · $118M36.73% · $724M25.57% · $504M100% · $1,971M
FY 2021 Q129.74% · $334M0% · $0M0% · $0M69.28% · $778M0.98% · $11M100% · $1,123M
FY 2021 Q23.59% · $281M4.73% · $370M0.87% · $68M9.97% · $780M80.84% · $6,325M100% · $7,824M
FY 2021 Q319.37% · $363M32.34% · $606M0.48% · $9M41.68% · $781M6.14% · $115M100% · $1,874M
FY 2021 Q414.14% · $377M0.67% · $18M21.56% · $575M29.28% · $781M34.35% · $916M100% · $2,667M
FY 2022 Q124.55% · $378M0% · $0M20.45% · $315M54.94% · $846M0.06% · $1M100% · $1,540M
FY 2022 Q216.54% · $271M5.56% · $91M26.19% · $429M51.71% · $847M0% · $0M100% · $1,638M
FY 2022 Q321.01% · $330M0% · $0M25.08% · $394M53.91% · $847M0% · $0M100% · $1,571M
FY 2022 Q414.75% · $389M0% · $0M53.3% · $1,406M31.96% · $843M0% · $0M100% · $2,638M
FY 2023 Q18.24% · $426M23.05% · $1,191M6.5% · $336M17.48% · $903M44.73% · $2,311M100% · $5,167M
FY 2023 Q215.8% · $323M33.07% · $676M6.9% · $141M44.23% · $904M0% · $0M100% · $2,044M
FY 2023 Q315.97% · $332M0% · $0M3.42% · $71M43.48% · $904M37.13% · $772M100% · $2,079M
FY 2023 Q48.77% · $378M0% · $0M2.25% · $97M21% · $905M67.97% · $2,929M100% · $4,309M
FY 2024 Q124.86% · $354M0% · $0M10.67% · $152M64.47% · $918M0% · $0M100% · $1,424M
FY 2024 Q228.33% · $461M1.35% · $22M13.89% · $226M56.42% · $918M0% · $0M100% · $1,627M
FY 2024 Q323.91% · $346M3.59% · $52M9.12% · $132M63.37% · $917M0% · $0M100% · $1,447M
FY 2024 Q413.72% · $426M4.41% · $137M52.45% · $1,628M29.41% · $913M0% · $0M100% · $3,104M
FY 2025 Q113.3% · $520MUnavailable63.73% · $2,492M22.97% · $898M0% · $0M100% · $3,910M
FY 2025 Q225.42% · $404MUnavailable18.12% · $288M56.45% · $897M0% · $0M100% · $1,589M
FY 2025 Q328.81% · $476M5.93% · $98M10.96% · $181M54.3% · $897M0% · $0M100% · $1,652M
FY 2025 Q428.16% · $459M0% · $0M16.81% · $274M55.03% · $897M0% · $0M100% · $1,630M
FY 2026 Q118.67% · $504M0% · $0M4.56% · $123M33.72% · $910M43.05% · $1,162M100% · $2,699M
FY 2026 Q213.3% · $468MUnavailable10.57% · $372M25.87% · $910M50.26% · $1,768M100% · $3,518M
FY 2026 Q330.41% · $444MUnavailable7.19% · $105M62.4% · $911M0% · $0M100% · $1,460M
FY 2026 Q421.81% · $488M18.15% · $406M19.45% · $435M40.59% · $908M0% · $0M100% · $2,237M
FY 2027 Q117.63% · $503M40.73% · $1,162M9.36% · $267M32.28% · $921M0% · $0M100% · $2,853M

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Medtronic plc.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources