Gross Profit for Medtronic (MDT)
According to Medtronic's latest reported financial statements, the company's current gross profit (TTM) is $21.98B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MDT
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$21.98B
YoY change
+3.6%
5Y CAGR
+2.4%
Peak year (2025)
$21.91B
Cumulative gross profit
$371.01B
Gross Profit history chart for Medtronic (MDT) from 1986 to 2025
Gross Profit history table for Medtronic (MDT) from 1986 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $21.91B | +3.6% | ||
| 2024 | $21.15B | +3.1% | ||
| 2023 | $20.51B | -4.8% | ||
| 2022 | $21.54B | +9.7% | ||
| 2021 | $19.63B | +0.7% | ||
| 2020 | $19.49B | -8.9% | ||
| 2019 | $21.40B | +2.5% | ||
| 2018 | $20.89B | +2.3% | ||
| 2017 | $20.42B | +3.7% | ||
| 2016 | $19.69B | +41.1% | ||
| 2015 | $13.95B | +10.1% | ||
| 2014 | $12.67B | +1.7% | ||
| 2013 | $12.46B | +1.4% | ||
| 2012 | $12.29B | +4.1% | ||
| 2011 | $11.81B | -0.0% | ||
| 2010 | $11.81B | +6.6% | ||
| 2009 | $11.08B | +10.1% | ||
| 2008 | $10.07B | +10.3% | ||
| 2007 | $9.13B | +7.7% | ||
| 2006 | $8.48B | +11.4% | ||
| 2005 | $7.61B | +11.3% | ||
| 2004 | $6.83B | +18.3% | ||
| 2003 | $5.77B | +21.4% | ||
| 2002 | $4.76B | +7.2% | ||
| 2001 | $4.44B | +11.1% | ||
| 2000 | $3.99B | +19.4% | ||
| 1999 | $3.35B | +24.7% | ||
| 1998 | $2.68B | +15.9% | ||
| 1997 | $2.32B | +36.8% | ||
| 1996 | $1.69B | +29.3% | ||
| 1995 | $1.31B | +26.1% | ||
| 1994 | $1.04B | +6.1% | ||
| 1993 | $977.70M | +14.4% | ||
| 1992 | $854.50M | +16.1% | ||
| 1991 | $736.20M | +21.8% | ||
| 1990 | $604.20M | +10.4% | ||
| 1989 | $547.30M | +15.9% | ||
| 1988 | $472.30M | +31.5% | ||
| 1987 | $359.20M | +25.9% | ||
| 1986 | $285.30M | — |
Gross Profit values are taken from Medtronic's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Medtronic (MDT) most recent annual gross profit stands at $21.91B (2025) – edged up 3.6% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Medtronic gross profit compounded at +2.4% per year, sustaining 2 straight years of year-over-year growth.
The highest annual gross profit of $21.91B was reported in 2025. The lowest in the available history was $285.30M in 1986.
Within Healthcare, Medtronic (MDT) ranks 9th among 8 peers we track. The peer median for gross profit is $53.80B.
Medtronic Gross Profit by Year
Medtronic Gross Profit 2025: $21.91B
Medtronic gross profit in 2025 was $21.91B, edged up 3.6% from 2024. This figure represents the highest annual value in the available history.
Medtronic Gross Profit 2024: $21.15B
Medtronic gross profit in 2024 was $21.15B, edged up 3.1% from 2023.
Medtronic Gross Profit 2023: $20.51B
Medtronic gross profit in 2023 was $20.51B, edged down 4.8% below 2022.
Medtronic Gross Profit 2022: $21.54B
Medtronic gross profit in 2022 was $21.54B, grew 9.7% from 2021.
Medtronic Gross Profit 2021: $19.63B
Medtronic gross profit in 2021 was $19.63B.
See more financial history for Medtronic (MDT).
Sector peers — Gross Profit
Companies in the same sector as Medtronic, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $250.28B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $82.92B | Healthcare |
| Johnson & Johnson (JNJ) | $68.56B | Healthcare |
| Eli Lilly and Company (LLY) | $54.62B | Healthcare |
| Merck & Co., Inc. (MRK) | $52.98B | Healthcare |
| AstraZeneca PLC (AZN) | $48.11B | Healthcare |
| AbbVie Inc. (ABBV) | $42.96B | Healthcare |
| Amgen Inc. (AMGN) | $26.01B | Healthcare |
Frequently asked questions
What is Medtronic's gross profit?
- Latest reported gross profit for Medtronic (MDT) is $21.98B (period ending January 23, 2026).
How has Medtronic gross profit changed year-over-year?
- Medtronic (MDT) gross profit changed +3.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Medtronic gross profit?
- Medtronic (MDT) gross profit compound annual growth rate is +2.4% over the most recent 5 years available.
When did Medtronic gross profit hit its highest annual value?
- Medtronic gross profit reached its highest annual value of $21.91B in 2025.
What was Medtronic gross profit in 2024?
- Medtronic (MDT) gross profit in 2024 was $21.15B.
What was Medtronic gross profit in 2025?
- Medtronic (MDT) gross profit in 2025 was $21.91B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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