Revenue for Medtronic (MDT)
According to Medtronic's latest reported financial statements, the company's current revenue (TTM) is $35.48B USD. Revenue is the total income from selling goods or services before any expenses. Unlike net income (earnings), revenue does not subtract operating costs, taxes, or other charges. Figures are in USD; chart and tables below use historical filings (not a live revenue-per-second estimate).
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MDT
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TTM (last 4 quarters)
$35.48B
YoY change
+3.6%
5Y CAGR
+3.0%
Peak year (2025)
$33.54B
Cumulative revenue
$525.32B
Revenue history chart for Medtronic (MDT) from 1986 to 2025
Revenue history table for Medtronic (MDT) from 1986 to 2025
| Fiscal year | Period ended | Reported | Revenue | YoY |
|---|---|---|---|---|
| 2025 | $33.54B | +3.6% | ||
| 2024 | $32.36B | +3.6% | ||
| 2023 | $31.23B | -1.4% | ||
| 2022 | $31.69B | +5.2% | ||
| 2021 | $30.12B | +4.2% | ||
| 2020 | $28.91B | -5.4% | ||
| 2019 | $30.56B | +2.0% | ||
| 2018 | $29.95B | +0.8% | ||
| 2017 | $29.71B | +3.0% | ||
| 2016 | $28.83B | +42.3% | ||
| 2015 | $20.26B | +19.1% | ||
| 2014 | $17.00B | +2.5% | ||
| 2013 | $16.59B | +2.5% | ||
| 2012 | $16.18B | +1.6% | ||
| 2011 | $15.93B | +0.7% | ||
| 2010 | $15.82B | +8.3% | ||
| 2009 | $14.60B | +8.0% | ||
| 2008 | $13.52B | +9.9% | ||
| 2007 | $12.30B | +8.9% | ||
| 2006 | $11.29B | +12.3% | ||
| 2005 | $10.05B | +10.6% | ||
| 2004 | $9.09B | +18.6% | ||
| 2003 | $7.67B | +19.6% | ||
| 2002 | $6.41B | +15.5% | ||
| 2001 | $5.55B | +10.7% | ||
| 2000 | $5.01B | +21.3% | ||
| 1999 | $4.13B | +58.7% | ||
| 1998 | $2.60B | +6.8% | ||
| 1997 | $2.44B | +12.4% | ||
| 1996 | $2.17B | +24.5% | ||
| 1995 | $1.74B | +25.3% | ||
| 1994 | $1.39B | +4.7% | ||
| 1993 | $1.33B | +12.9% | ||
| 1992 | $1.18B | +15.2% | ||
| 1991 | $1.02B | +22.1% | ||
| 1990 | $836.60M | +12.8% | ||
| 1989 | $741.70M | +13.5% | ||
| 1988 | $653.30M | +30.1% | ||
| 1987 | $502.00M | +24.6% | ||
| 1986 | $402.80M | — |
Revenue 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
In 2025, Medtronic (MDT) revenue totalled $33.54B – edged up 3.6% year-over-year.
Medtronic revenue compound annual growth for the 2020–2025 (5 years) window is +3.0%, sustaining 2 straight years of year-over-year growth.
$33.54B stands as the all-time-high annual revenue, posted in 2025, against a low of $402.80M during 1986.
Among 8 Healthcare peers, Medtronic (MDT) ranks 9th; the peer median for revenue is $65.09B.
Medtronic Revenue by Year
Medtronic Revenue 2025: $33.54B
Medtronic revenue in 2025 was $33.54B, edged up 3.6% from 2024. This figure represents the highest annual value in the available history.
Medtronic Revenue 2024: $32.36B
Medtronic revenue in 2024 was $32.36B, edged up 3.6% from 2023.
Medtronic Revenue 2023: $31.23B
Medtronic revenue in 2023 was $31.23B, edged down 1.4% below 2022.
Medtronic Revenue 2022: $31.69B
Medtronic revenue in 2022 was $31.69B, grew 5.2% from 2021.
Medtronic Revenue 2021: $30.12B
Medtronic revenue in 2021 was $30.12B.
See more financial history for Medtronic (MDT).
Sector peers — Revenue
Companies in the same sector as Medtronic, ranked by their latest revenue.
| Company | Revenue | Sector |
|---|---|---|
| UnitedHealth Group Incorporated (UNH) | $447.57B | Healthcare |
| Novo Nordisk A/S (NVO) | $309.06B | Healthcare |
| Johnson & Johnson (JNJ) | $94.19B | Healthcare |
| Eli Lilly and Company (LLY) | $65.18B | Healthcare |
| Merck & Co., Inc. (MRK) | $65.01B | Healthcare |
| AbbVie Inc. (ABBV) | $61.16B | Healthcare |
| AstraZeneca PLC (AZN) | $58.74B | Healthcare |
| Amgen Inc. (AMGN) | $36.74B | Healthcare |
Frequently asked questions
What is Medtronic's revenue?
- Latest reported revenue for Medtronic (MDT) is $35.48B (period ending January 23, 2026).
How has Medtronic revenue changed year-over-year?
- Medtronic (MDT) revenue changed +3.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Medtronic revenue?
- Medtronic (MDT) revenue compound annual growth rate is +3.0% over the most recent 5 years available.
When did Medtronic revenue hit its highest annual value?
- Medtronic revenue reached its highest annual value of $33.54B in 2025.
What was Medtronic revenue in 2024?
- Medtronic (MDT) revenue in 2024 was $32.36B.
What was Medtronic revenue in 2025?
- Medtronic (MDT) revenue in 2025 was $33.54B.
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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