TTM
$4.8B
YoY change
+3.0%
5Y CAGR
+5.9%
Peak year (FY2022)
$5.04B
Cumulative net income
$86.4B
Net Income history chart for Medtronic (MDT) from 2017 to 2026
Latest: $4.8B
Net Income growth chart for Medtronic (MDT) from 2017 to 2026
Latest: +3.0%
Net Income history table for Medtronic (MDT) from 1986 to 2026
| FY2026 | $4.8B | +3.0% | +$138M | ||
| FY2025 | $4.66B | +26.8% | +$986M | ||
| FY2024 | $3.68B | -2.2% | -$82M | ||
| FY2023 | $3.76B | -25.4% | -$1.28B | ||
| FY2022 | $5.04B | +39.7% | +$1.43B | ||
| FY2021 | $3.61B | -24.7% | -$1.18B | ||
| FY2020 | $4.79B | +3.4% | +$158M | ||
| FY2019 | $4.63B | +49.2% | +$1.53B | ||
| FY2018 | $3.1B | -22.9% | -$924M | ||
| FY2017 | $4.03B | +13.8% | +$490M | ||
| FY2016 | $3.54B | +32.3% | +$863M | ||
| FY2015 | $2.68B | -12.7% | -$390M | ||
| FY2014 | $3.07B | -11.6% | -$402M | ||
| FY2013 | $3.47B | -4.1% | -$150M | ||
| FY2012 | $3.62B | +16.8% | +$521M | ||
| FY2011 | $3.1B | -0.1% | -$3M | ||
| FY2010 | $3.1B | +42.9% | +$930M | ||
| FY2009 | $2.17B | -2.8% | -$62M | ||
| FY2008 | $2.23B | -20.4% | -$571M | ||
| FY2007 | $2.8B | +10.0% | +$255M | ||
| FY2006 | $2.55B | +41.2% | +$743M | ||
| FY2005 | $1.8B | -7.9% | -$155M | ||
| FY2004 | $1.96B | +22.5% | +$360M | ||
| FY2003 | $1.6B | +62.6% | +$616M | ||
| FY2002 | $984M | -5.9% | -$62M | ||
| FY2001 | $1.05B | -4.8% | -$52.5M | ||
| FY2000 | $1.1B | +134.5% | +$630M | ||
| FY1999 | $468M | -21.2% | -$126M | ||
| FY1998 | $595M | +2.0% | +$11.4M | ||
| FY1997 | $583M | +36.2% | +$155M | ||
| FY1996 | $428M | +45.7% | +$134M | ||
| FY1995 | $294M | +26.5% | +$61.6M | ||
| FY1994 | $232M | +17.8% | +$35.2M | ||
| FY1993 | $197M | +22.1% | +$35.7M | ||
| FY1992 | $162M | +21.1% | +$28.1M | ||
| FY1991 | $133M | +22.7% | +$24.7M | ||
| FY1990 | $109M | +11.6% | +$11.3M | ||
| FY1989 | $97.4M | +12.6% | +$10.9M | ||
| FY1988 | $86.5M | +17.2% | +$12.7M | ||
| FY1987 | $73.8M | +38.2% | +$20.4M | ||
| FY1986 | $53.4M | — | — |
- FY2026$4.8B+3.0%
- FY2025$4.66B+26.8%
- FY2024$3.68B-2.2%
- FY2023$3.76B-25.4%
- FY2022$5.04B+39.7%
- FY2021$3.61B-24.7%
- FY2020$4.79B+3.4%
- FY2019$4.63B+49.2%
- FY2018$3.1B-22.9%
- FY2017$4.03B+13.8%
- FY2016$3.54B+32.3%
- FY2015$2.68B-12.7%
- FY2014$3.07B-11.6%
- FY2013$3.47B-4.1%
- FY2012$3.62B+16.8%
- FY2011$3.1B-0.1%
- FY2010$3.1B+42.9%
- FY2009$2.17B-2.8%
- FY2008$2.23B-20.4%
- FY2007$2.8B+10.0%
- FY2006$2.55B+41.2%
- FY2005$1.8B-7.9%
- FY2004$1.96B+22.5%
- FY2003$1.6B+62.6%
- FY2002$984M-5.9%
- FY2001$1.05B-4.8%
- FY2000$1.1B+134.5%
- FY1999$468M-21.2%
- FY1998$595M+2.0%
- FY1997$583M+36.2%
- FY1996$428M+45.7%
- FY1995$294M+26.5%
- FY1994$232M+17.8%
- FY1993$197M+22.1%
- FY1992$162M+21.1%
- FY1991$133M+22.7%
- FY1990$109M+11.6%
- FY1989$97.4M+12.6%
- FY1988$86.5M+17.2%
- FY1987$73.8M+38.2%
- FY1986$53.4M—
Net Income values are taken from Medtronic's reported income statements (interim 6-K and annual 20-F 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 Net Income at Medtronic (MDT)
According to Medtronic's latest reported financial statements, the company's current net income (TTM) is $4.8B. 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 .
2026's annual net income for Medtronic (MDT) came in at $4.8B – edged up 3.0% year-over-year.
Looking at the 2021–2026 (5 years) stretch, Medtronic net income compounded at +5.9% per year, sustaining 2 straight years of year-over-year growth.
Medtronic net income edged down from $5.04B in 2022 to $4.8B in 2026, a 4.7% drawdown.
2022 marks the peak net income at $5.04B, with the historical low of $53.4M recorded in 1986.
Medtronic Net Income by Year
Medtronic Net Income 2026: $4.8B
Medtronic posted net income of $4.8B in 2026, edged up 3.0% from 2025.
Medtronic Net Income 2025: $4.66B
In 2025, Medtronic reported net income of $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
2023's net income for Medtronic came in at $3.76B, declined 25.4% below 2022.
Medtronic Net Income 2022: $5.04B
Medtronic net income in 2022 was $5.04B.
See more financial history for Medtronic (MDT).
Sector peers by Net Income
Healthcare peers of Medtronic (MDT), ranked by their latest net income
| $26.8B | |
| $20.6B | |
| $18.3B | |
| $16B | |
| $12.1B | |
| $7.71B | |
| $6.74B | |
| $4.23B |
- $26.8B
- $20.6B
- $18.3B
- $12.1B
- $7.71B
- $4.23B
Frequently asked questions
Medtronic (MDT) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks0.97% TTM
- Dividend Profile3.26% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History7 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.