Net Income for Medtronic (MDT)
According to Medtronic's latest reported financial statements, the company's current net income (TTM) is $4.61B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MDT
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$4.61B
YoY change
+26.8%
5Y CAGR
-0.5%
Peak year (2022)
$5.04B
Cumulative net income
$81.60B
Net Income history chart for Medtronic (MDT) from 1986 to 2025
Net Income history table for Medtronic (MDT) from 1986 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $4.66B | +26.8% | ||
| 2024 | $3.68B | -2.2% | ||
| 2023 | $3.76B | -25.4% | ||
| 2022 | $5.04B | +39.7% | ||
| 2021 | $3.61B | -24.7% | ||
| 2020 | $4.79B | +3.4% | ||
| 2019 | $4.63B | +49.2% | ||
| 2018 | $3.10B | -22.9% | ||
| 2017 | $4.03B | +13.8% | ||
| 2016 | $3.54B | +32.3% | ||
| 2015 | $2.67B | -12.7% | ||
| 2014 | $3.06B | -11.6% | ||
| 2013 | $3.47B | -4.1% | ||
| 2012 | $3.62B | +16.8% | ||
| 2011 | $3.10B | -0.1% | ||
| 2010 | $3.10B | +42.9% | ||
| 2009 | $2.17B | -2.8% | ||
| 2008 | $2.23B | -20.4% | ||
| 2007 | $2.80B | +10.0% | ||
| 2006 | $2.55B | +41.2% | ||
| 2005 | $1.80B | -7.9% | ||
| 2004 | $1.96B | +22.5% | ||
| 2003 | $1.60B | +62.6% | ||
| 2002 | $984.00M | -5.9% | ||
| 2001 | $1.05B | -4.8% | ||
| 2000 | $1.10B | +134.5% | ||
| 1999 | $468.40M | -21.2% | ||
| 1998 | $594.60M | +2.0% | ||
| 1997 | $583.20M | +36.2% | ||
| 1996 | $428.30M | +45.7% | ||
| 1995 | $294.00M | +26.5% | ||
| 1994 | $232.40M | +17.8% | ||
| 1993 | $197.20M | +22.1% | ||
| 1992 | $161.50M | +21.1% | ||
| 1991 | $133.40M | +22.7% | ||
| 1990 | $108.70M | +11.6% | ||
| 1989 | $97.40M | +12.6% | ||
| 1988 | $86.50M | +17.2% | ||
| 1987 | $73.80M | +38.2% | ||
| 1986 | $53.40M | — |
Net Income 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
2025's annual net income for Medtronic (MDT) came in at $4.66B – grew 26.8% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Medtronic net income compounded at -0.5% per year, with a net decline across the window.
Medtronic net income declined from $5.04B in 2022 to $4.66B in 2025, a 7.5% drawdown.
2022 marks the peak net income at $5.04B, with the historical low of $53.40M recorded in 1986.
Within Healthcare, Medtronic (MDT) ranks 8th among 8 peers we track. The peer median for net income is $15.15B.
Medtronic Net Income by Year
Medtronic Net Income 2025: $4.66B
Medtronic net income in 2025 was $4.66B, grew 26.8% from 2024.
Medtronic Net Income 2024: $3.68B
Medtronic net income in 2024 was $3.68B, edged down 2.2% below 2023.
Medtronic Net Income 2023: $3.76B
Medtronic net income in 2023 was $3.76B, declined 25.4% below 2022.
Medtronic Net Income 2022: $5.04B
Medtronic net income in 2022 was $5.04B, surged 39.7% from 2021. This figure represents the highest annual value in the available history.
Medtronic Net Income 2021: $3.61B
Medtronic net income in 2021 was $3.61B.
See more financial history for Medtronic (MDT).
Sector peers — Net Income
Companies in the same sector as Medtronic, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $102.43B | Healthcare |
| Johnson & Johnson (JNJ) | $26.80B | Healthcare |
| Eli Lilly and Company (LLY) | $20.64B | Healthcare |
| Merck & Co., Inc. (MRK) | $18.25B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $12.06B | Healthcare |
| AstraZeneca PLC (AZN) | $10.26B | Healthcare |
| Amgen Inc. (AMGN) | $7.71B | Healthcare |
| AbbVie Inc. (ABBV) | $4.23B | Healthcare |
Frequently asked questions
What is Medtronic's net income?
- Latest reported net income for Medtronic (MDT) is $4.61B (period ending January 23, 2026).
How has Medtronic net income changed year-over-year?
- Medtronic (MDT) net income changed +26.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Medtronic net income?
- Medtronic (MDT) net income compound annual growth rate is -0.5% over the most recent 5 years available.
When did Medtronic net income hit its highest annual value?
- Medtronic net income reached its highest annual value of $5.04B in 2022.
What was Medtronic net income in 2024?
- Medtronic (MDT) net income in 2024 was $3.68B.
What was Medtronic net income in 2025?
- Medtronic (MDT) net income in 2025 was $4.66B.
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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