What is Medtronic's net margin?

Latest reported net margin for Medtronic (MDT) is 13.20% as of the trailing twelve months (TTM) ending April 24, 2026.

How has Medtronic net margin changed year-over-year?

Medtronic (MDT) net margin changed −0.7 percentage points year-over-year on the latest annual filing.

When did Medtronic net margin hit its highest annual value?

Medtronic net margin reached its highest annual value of 23.92% in 1997.

What was Medtronic net margin in 2025?

Medtronic (MDT) net margin in 2025 was 13.90%.

What was Medtronic net margin in 2026?

Medtronic (MDT) net margin in 2026 was 13.20%.

Medtronic (MDT) Net Profit Margin

TTM

13.2%

YoY change

−0.70pp

Trough year (2018)

10.4%

Peak year (1997)

23.9%

Net Profit Margin history chart for Medtronic (MDT) from 1986 to 2026

Latest: 13.2%

Net Profit Margin change chart for Medtronic (MDT) from 1986 to 2026

Latest: −0.70pp

Net Profit Margin history table for Medtronic (MDT) from 1986 to 2026


2026	13.2%	-0.70pp	Apr 24, 2026	Jun 3, 2026
2025	13.9%	+2.54pp	Apr 30, 2025	Jun 20, 2025
2024	11.4%	-0.68pp	Apr 30, 2024	Jun 20, 2024
2023	12.0%	-3.87pp	Apr 30, 2023	Jun 22, 2023
2022	15.9%	+3.93pp	Apr 30, 2022	Jun 23, 2022
2021	12.0%	-4.59pp	Apr 30, 2021	Jun 25, 2021
2020	16.6%	+1.41pp	Apr 30, 2020	Jun 19, 2020
2019	15.2%	+4.79pp	Apr 30, 2019	Jun 21, 2019
2018	10.4%	-3.19pp	Apr 30, 2018	Jun 22, 2018
2017	13.6%	+1.29pp	Apr 30, 2017	Jun 27, 2017
2016	12.3%	-0.93pp	Apr 30, 2016	Jun 28, 2016
2015	13.2%	-4.82pp	Apr 30, 2015	Jun 23, 2015
2014	18.0%	-2.87pp	Apr 30, 2014	Apr 30, 2014
2013	20.9%	-1.45pp	Apr 30, 2013	Apr 30, 2013
2012	22.3%	+2.92pp	Apr 30, 2012	Apr 30, 2012
2011	19.4%	-0.16pp	Apr 30, 2011	Apr 30, 2011
2010	19.6%	+4.74pp	Apr 30, 2010	Apr 30, 2010
2009	14.9%	-1.65pp	Apr 30, 2009	Apr 30, 2009
2008	16.5%	-6.27pp	Apr 30, 2008	Apr 30, 2008
2007	22.8%	+0.23pp	Apr 30, 2007	Apr 30, 2007
2006	22.6%	+4.61pp	Apr 30, 2006	Apr 30, 2006
2005	17.9%	-3.62pp	Apr 30, 2005	Apr 30, 2005
2004	21.6%	+0.69pp	Apr 30, 2004	Apr 30, 2004
2003	20.9%	+5.52pp	Apr 30, 2003	Apr 30, 2003
2002	15.3%	-3.49pp	Apr 30, 2002	Apr 30, 2002
2001	18.8%	-3.07pp	Apr 30, 2001	Apr 30, 2001
2000	21.9%	+10.58pp	Apr 30, 2000	Apr 30, 2000
1999	11.3%	-11.50pp	Apr 30, 1999	Apr 30, 1999
1998	22.8%	-1.09pp	Apr 30, 1998	Apr 30, 1998
1997	23.9%	+4.17pp	Apr 30, 1997	Apr 30, 1997
1996	19.7%	+2.87pp	Apr 30, 1996	Apr 30, 1996
1995	16.9%	+0.16pp	Apr 30, 1995	Apr 30, 1995
1994	16.7%	+1.86pp	Apr 30, 1994	Apr 30, 1994
1993	14.8%	+1.12pp	Apr 30, 1993	Apr 30, 1993
1992	13.7%	+0.66pp	Apr 30, 1992	Apr 30, 1992
1991	13.1%	+0.07pp	Apr 30, 1991	Apr 30, 1991
1990	13.0%	-0.14pp	Apr 30, 1990	Apr 30, 1990
1989	13.1%	-0.11pp	Apr 30, 1989	Apr 30, 1989
1988	13.2%	-1.46pp	Apr 30, 1988	Apr 30, 1988
1987	14.7%	+1.44pp	Apr 30, 1987	Apr 30, 1987
1986	13.3%	—	Apr 30, 1986	Apr 30, 1986

202613.2%-0.70pp
202513.9%+2.54pp
202411.4%-0.68pp
202312.0%-3.87pp
202215.9%+3.93pp
202112.0%-4.59pp
202016.6%+1.41pp
201915.2%+4.79pp
201810.4%-3.19pp
201713.6%+1.29pp
201612.3%-0.93pp
201513.2%-4.82pp
201418.0%-2.87pp
201320.9%-1.45pp
201222.3%+2.92pp
201119.4%-0.16pp
201019.6%+4.74pp
200914.9%-1.65pp
200816.5%-6.27pp
200722.8%+0.23pp
200622.6%+4.61pp
200517.9%-3.62pp
200421.6%+0.69pp
200320.9%+5.52pp
200215.3%-3.49pp
200118.8%-3.07pp
200021.9%+10.58pp
199911.3%-11.50pp
199822.8%-1.09pp
199723.9%+4.17pp
199619.7%+2.87pp
199516.9%+0.16pp
199416.7%+1.86pp
199314.8%+1.12pp
199213.7%+0.66pp
199113.1%+0.07pp
199013.0%-0.14pp
198913.1%-0.11pp
198813.2%-1.46pp
198714.7%+1.44pp
198613.3%—

Net Profit Margin 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 Net Profit Margin at Medtronic (MDT)

According to Medtronic's latest reported financial statements, the company's latest reported net margin is 13.2%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.

Headline figure above is from the reporting period ending April 24, 2026 (reported June 3, 2026). Chart and table below cover the full reported history back to 1986.

The 2026 reading of Medtronic (MDT) net margin is 13.20% – contracted 0.7 percentage points year-over-year.

The record annual net margin stands at 23.92%, reached in 1997; the historical low of 10.36% was recorded in 2018.

Medtronic Net Profit Margin by Year

Medtronic Net Profit Margin 2026: 13.2%

2026's net margin for Medtronic came in at 13.20%, contracted 0.7 percentage points from 2025.

Medtronic Net Profit Margin 2025: 13.9%

Medtronic posted net margin of 13.90% in 2025, expanded 2.5 percentage points from 2024.

Medtronic Net Profit Margin 2024: 11.4%

In 2024, Medtronic reported net margin of 11.36%, contracted 0.7 percentage points from 2023.

Medtronic Net Profit Margin 2023: 12.0%

Medtronic net margin in 2023 was 12.03%, contracted 3.9 percentage points from 2022.

Medtronic Net Profit Margin 2022: 15.9%

Medtronic net margin in 2022 was 15.90%.

See more financial history for Medtronic (MDT).

Sector peers by Net Profit Margin

Healthcare peers of Medtronic (MDT), ranked by their latest net margin


Novo Nordisk (NVO)	37.2%
Eli Lilly (LLY)	35.0%
Johnson & Johnson (JNJ)	21.4%
Amgen (AMGN)	20.9%
AstraZeneca (AZN)	17.2%
Merck & Co. (MRK)	13.6%
AbbVie (ABBV)	5.8%
UnitedHealth Group (UNH)	2.7%

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