TTM
$6.47B
YoY change
+8.6%
5Y CAGR
+7.6%
Peak year (2018)
$6.64B
Cumulative operating income
$123.11B
Operating Income history chart for Medtronic (MDT) from 1986 to 2026
Latest: $6.47B
Operating Income growth chart for Medtronic (MDT) from 1986 to 2026
Latest: +8.6%
Operating Income history table for Medtronic (MDT) from 1986 to 2026
| 2026 | $6.47B | +8.6% | +$512.00M | ||
| 2025 | $5.96B | +15.8% | +$811.00M | ||
| 2024 | $5.14B | -6.2% | −$341.00M | ||
| 2023 | $5.49B | -4.6% | −$267.00M | ||
| 2022 | $5.75B | +28.3% | +$1.27B | ||
| 2021 | $4.48B | -6.4% | −$307.00M | ||
| 2020 | $4.79B | -23.6% | −$1.48B | ||
| 2019 | $6.27B | -5.6% | −$372.00M | ||
| 2018 | $6.64B | +23.4% | +$1.26B | ||
| 2017 | $5.38B | +0.4% | +$22.00M | ||
| 2016 | $5.36B | +42.4% | +$1.59B | ||
| 2015 | $3.77B | -1.2% | −$47.00M | ||
| 2014 | $3.81B | -13.4% | −$589.00M | ||
| 2013 | $4.40B | -1.8% | −$81.00M | ||
| 2012 | $4.48B | +0.5% | +$23.00M | ||
| 2011 | $4.46B | -6.8% | −$327.00M | ||
| 2010 | $4.79B | +38.2% | +$1.32B | ||
| 2009 | $3.46B | -5.1% | −$187.00M | ||
| 2008 | $3.65B | -2.4% | −$88.00M | ||
| 2007 | $3.74B | +0.9% | +$34.00M | ||
| 2006 | $3.71B | +7.6% | +$261.00M | ||
| 2005 | $3.44B | +8.3% | +$262.60M | ||
| 2004 | $3.18B | +19.9% | +$527.80M | ||
| 2003 | $2.65B | +23.5% | +$504.60M | ||
| 2002 | $2.15B | +14.4% | +$270.60M | ||
| 2001 | $1.88B | +11.6% | +$194.90M | ||
| 2000 | $1.68B | +23.8% | +$323.10M | ||
| 1999 | $1.36B | +24.6% | +$268.70M | ||
| 1998 | $1.09B | +19.5% | +$177.90M | ||
| 1997 | $913.80M | +43.7% | +$277.80M | ||
| 1996 | $636.00M | +45.8% | +$199.70M | ||
| 1995 | $436.30M | +31.2% | +$103.70M | ||
| 1994 | $332.60M | +12.7% | +$37.50M | ||
| 1993 | $295.10M | +20.0% | +$49.10M | ||
| 1992 | $246.00M | +19.2% | +$39.60M | ||
| 1991 | $206.40M | +25.1% | +$41.40M | ||
| 1990 | $165.00M | +27.2% | +$35.30M | ||
| 1989 | $129.70M | -0.3% | −$400.00K | ||
| 1988 | $130.10M | +23.1% | +$24.40M | ||
| 1987 | $105.70M | +38.5% | +$29.40M | ||
| 1986 | $76.30M | — | — |
- 2026$6.47B+8.6%
- 2025$5.96B+15.8%
- 2024$5.14B-6.2%
- 2023$5.49B-4.6%
- 2022$5.75B+28.3%
- 2021$4.48B-6.4%
- 2020$4.79B-23.6%
- 2019$6.27B-5.6%
- 2018$6.64B+23.4%
- 2017$5.38B+0.4%
- 2016$5.36B+42.4%
- 2015$3.77B-1.2%
- 2014$3.81B-13.4%
- 2013$4.40B-1.8%
- 2012$4.48B+0.5%
- 2011$4.46B-6.8%
- 2010$4.79B+38.2%
- 2009$3.46B-5.1%
- 2008$3.65B-2.4%
- 2007$3.74B+0.9%
- 2006$3.71B+7.6%
- 2005$3.44B+8.3%
- 2004$3.18B+19.9%
- 2003$2.65B+23.5%
- 2002$2.15B+14.4%
- 2001$1.88B+11.6%
- 2000$1.68B+23.8%
- 1999$1.36B+24.6%
- 1998$1.09B+19.5%
- 1997$913.80M+43.7%
- 1996$636.00M+45.8%
- 1995$436.30M+31.2%
- 1994$332.60M+12.7%
- 1993$295.10M+20.0%
- 1992$246.00M+19.2%
- 1991$206.40M+25.1%
- 1990$165.00M+27.2%
- 1989$129.70M-0.3%
- 1988$130.10M+23.1%
- 1987$105.70M+38.5%
- 1986$76.30M—
Operating Income 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 Operating Income at Medtronic (MDT)
According to Medtronic's latest reported financial statements, the company's current operating income (TTM) is $6.47B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2026, Medtronic (MDT) operating income totalled $6.47B – grew 8.6% year-over-year.
Through 2021–2026 (5 years), Medtronic operating income delivered a +7.6% annualised rate; sustaining 2 straight years of year-over-year growth.
Medtronic operating income edged down from $6.64B in 2018 to $6.47B in 2026, a 2.6% drawdown.
The highest annual operating income of $6.64B was reported in 2018. The lowest in the available history was $76.30M in 1986.
Medtronic Operating Income by Year
Medtronic Operating Income 2026: $6.47B
Medtronic posted operating income of $6.47B in 2026, grew 8.6% from 2025.
Medtronic Operating Income 2025: $5.96B
In 2025, Medtronic reported operating income of $5.96B, grew 15.8% from 2024.
Medtronic Operating Income 2024: $5.14B
Medtronic operating income in 2024 was $5.14B, declined 6.2% below 2023.
Medtronic Operating Income 2023: $5.49B
2023's operating income for Medtronic came in at $5.49B, edged down 4.6% below 2022.
Medtronic Operating Income 2022: $5.75B
Medtronic operating income in 2022 was $5.75B.
See more financial history for Medtronic (MDT).
Sector peers by Operating Income
Healthcare peers of Medtronic (MDT), ranked by their latest operating income
| $29.70B | |
| $25.60B | |
| $23.49B | |
| $20.09B | |
| $19.90B | |
| $18.96B | |
| $13.74B | |
| $10.68B |
- $29.70B
- $25.60B
- $23.49B
- $20.09B
- $19.90B
- $18.96B
- $13.74B
- $10.68B
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