TTM
$23.64B
YoY change
+7.9%
5Y CAGR
+3.8%
Peak year (2026)
$23.64B
Cumulative gross profit
$394.65B
Gross Profit history chart for Medtronic (MDT) from 1986 to 2026
Latest: $23.64B
Gross Profit growth chart for Medtronic (MDT) from 1986 to 2026
Latest: +7.9%
Gross Profit history table for Medtronic (MDT) from 1986 to 2026
| 2026 | $23.64B | +7.9% | +$1.74B | ||
| 2025 | $21.91B | +3.6% | +$757.00M | ||
| 2024 | $21.15B | +3.1% | +$640.00M | ||
| 2023 | $20.51B | -4.8% | −$1.03B | ||
| 2022 | $21.54B | +9.7% | +$1.91B | ||
| 2021 | $19.63B | +0.7% | +$145.00M | ||
| 2020 | $19.49B | -8.9% | −$1.91B | ||
| 2019 | $21.40B | +2.5% | +$516.00M | ||
| 2018 | $20.89B | +2.3% | +$470.00M | ||
| 2017 | $20.42B | +3.7% | +$725.00M | ||
| 2016 | $19.69B | +41.1% | +$5.74B | ||
| 2015 | $13.95B | +10.1% | +$1.28B | ||
| 2014 | $12.67B | +1.7% | +$208.00M | ||
| 2013 | $12.46B | +1.4% | +$169.00M | ||
| 2012 | $12.29B | +4.1% | +$487.00M | ||
| 2011 | $11.81B | -0.0% | −$2.00M | ||
| 2010 | $11.81B | +6.6% | +$729.00M | ||
| 2009 | $11.08B | +10.1% | +$1.01B | ||
| 2008 | $10.07B | +10.3% | +$938.00M | ||
| 2007 | $9.13B | +7.7% | +$654.00M | ||
| 2006 | $8.48B | +11.4% | +$868.00M | ||
| 2005 | $7.61B | +11.3% | +$774.70M | ||
| 2004 | $6.83B | +18.3% | +$1.06B | ||
| 2003 | $5.77B | +21.4% | +$1.02B | ||
| 2002 | $4.76B | +7.2% | +$319.60M | ||
| 2001 | $4.44B | +11.1% | +$444.10M | ||
| 2000 | $3.99B | +19.4% | +$648.10M | ||
| 1999 | $3.35B | +24.7% | +$663.50M | ||
| 1998 | $2.68B | +15.9% | +$367.50M | ||
| 1997 | $2.32B | +36.8% | +$622.60M | ||
| 1996 | $1.69B | +29.3% | +$383.90M | ||
| 1995 | $1.31B | +26.1% | +$271.00M | ||
| 1994 | $1.04B | +6.1% | +$60.10M | ||
| 1993 | $977.70M | +14.4% | +$123.20M | ||
| 1992 | $854.50M | +16.1% | +$118.30M | ||
| 1991 | $736.20M | +21.8% | +$132.00M | ||
| 1990 | $604.20M | +10.4% | +$56.90M | ||
| 1989 | $547.30M | +15.9% | +$75.00M | ||
| 1988 | $472.30M | +31.5% | +$113.10M | ||
| 1987 | $359.20M | +25.9% | +$73.90M | ||
| 1986 | $285.30M | — | — |
- 2026$23.64B+7.9%
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Profit at Medtronic (MDT)
According to Medtronic's latest reported financial statements, the company's current gross profit (TTM) is $23.64B. 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 .
Medtronic (MDT) most recent annual gross profit stands at $23.64B (2026) – grew 7.9% year-over-year.
Looking at the 2021–2026 (5 years) stretch, Medtronic gross profit compounded at +3.8% per year, sustaining 3 straight years of year-over-year growth.
The highest annual gross profit of $23.64B was reported in 2026. The lowest in the available history was $285.30M in 1986.
Medtronic Gross Profit by Year
Medtronic Gross Profit 2026: $23.64B
Medtronic posted gross profit of $23.64B in 2026, grew 7.9% from 2025. This figure represents the highest annual value in the available history.
Medtronic Gross Profit 2025: $21.91B
In 2025, Medtronic reported gross profit of $21.91B, edged up 3.6% from 2024.
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
2023's gross profit for Medtronic came in at $20.51B, edged down 4.8% below 2022.
Medtronic Gross Profit 2022: $21.54B
Medtronic gross profit in 2022 was $21.54B.
See more financial history for Medtronic (MDT).
Sector peers by Gross Profit
Healthcare peers of Medtronic (MDT), ranked by their latest gross profit
| $82.92B | |
| $68.56B | |
| $54.62B | |
| $48.11B | |
| $46.73B | |
| $42.96B | |
| $39.01B | |
| $26.01B |
- $82.92B
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- $54.62B
- $48.11B
- $46.73B
- $42.96B
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- $26.01B
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