Shares Outstanding for Medtronic (MDT)
According to Medtronic's latest reported financial statements, the company's latest reported diluted shares outstanding is 1.29B. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
MDT
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Latest period
1.29B
YoY change
-3.0%
5Y CAGR
-0.9%
Peak year (2016)
1.43B
Latest annual
1.29B
Shares Outstanding history chart for Medtronic (MDT) from 1986 to 2025
Shares Outstanding history table for Medtronic (MDT) from 1986 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 1.29B | -3.0% | ||
| 2024 | 1.33B | -0.2% | ||
| 2023 | 1.33B | -1.4% | ||
| 2022 | 1.35B | -0.2% | ||
| 2021 | 1.35B | +0.2% | ||
| 2020 | 1.35B | -0.5% | ||
| 2019 | 1.36B | -0.8% | ||
| 2018 | 1.37B | -1.7% | ||
| 2017 | 1.39B | -2.4% | ||
| 2016 | 1.43B | +28.6% | ||
| 2015 | 1.11B | +9.4% | ||
| 2014 | 1.01B | -1.4% | ||
| 2013 | 1.03B | -3.1% | ||
| 2012 | 1.06B | -2.0% | ||
| 2011 | 1.08B | -2.5% | ||
| 2010 | 1.11B | -1.5% | ||
| 2009 | 1.13B | -1.4% | ||
| 2008 | 1.14B | -1.7% | ||
| 2007 | 1.16B | -4.6% | ||
| 2006 | 1.22B | -0.1% | ||
| 2005 | 1.22B | -0.5% | ||
| 2004 | 1.23B | -0.2% | ||
| 2003 | 1.23B | +0.3% | ||
| 2002 | 1.22B | -0.1% | ||
| 2001 | 1.23B | +0.2% | ||
| 2000 | 1.22B | +1.3% | ||
| 1999 | 1.21B | +2.6% | ||
| 1998 | 1.18B | +0.9% | ||
| 1997 | 1.17B | +22.5% | ||
| 1996 | 951.78M | +3.2% | ||
| 1995 | 921.92M | +0.2% | ||
| 1994 | 920.00M | -2.0% | ||
| 1993 | 939.05M | -1.2% | ||
| 1992 | 950.00M | -0.3% | ||
| 1991 | 952.86M | +5.2% | ||
| 1990 | 905.83M | +2.3% | ||
| 1989 | 885.46M | +2.4% | ||
| 1988 | 865.00M | +5.5% | ||
| 1987 | 820.00M | -7.9% | ||
| 1986 | 890.00M | — |
Shares Outstanding 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
Medtronic (MDT) most recent annual diluted shares outstanding stands at 1.29B (2025) – edged down 3.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Medtronic diluted shares outstanding compounded at -0.9% per year, with a net decline across the window.
Medtronic diluted shares outstanding declined from 1.43B in 2016 to 1.29B in 2025, a 9.5% drawdown.
2016 marks the peak diluted shares outstanding at 1.43B, with the historical low of 820.00M recorded in 1987.
Among 8 Healthcare peers, Medtronic (MDT) ranks 5th; the peer median for diluted shares outstanding is 1.34B.
Medtronic Shares Outstanding by Year
Medtronic Shares Outstanding 2025: 1.29B
Medtronic diluted shares outstanding in 2025 was 1.29B, edged down 3.0% below 2024.
Medtronic Shares Outstanding 2024: 1.33B
Medtronic diluted shares outstanding in 2024 was 1.33B, edged down 0.2% below 2023.
Medtronic Shares Outstanding 2023: 1.33B
Medtronic diluted shares outstanding in 2023 was 1.33B, edged down 1.4% below 2022.
Medtronic Shares Outstanding 2022: 1.35B
Medtronic diluted shares outstanding in 2022 was 1.35B, edged down 0.2% below 2021.
Medtronic Shares Outstanding 2021: 1.35B
Medtronic diluted shares outstanding in 2021 was 1.35B.
See more financial history for Medtronic (MDT).
Sector peers — Shares Outstanding
Companies in the same sector as Medtronic, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | 4.45B | Healthcare |
| Merck & Co., Inc. (MRK) | 2.51B | Healthcare |
| Johnson & Johnson (JNJ) | 2.43B | Healthcare |
| AbbVie Inc. (ABBV) | 1.77B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | 910.00M | Healthcare |
| Eli Lilly and Company (LLY) | 898.00M | Healthcare |
| AstraZeneca PLC (AZN) | 781.00M | Healthcare |
| Amgen Inc. (AMGN) | 542.00M | Healthcare |
Frequently asked questions
What is Medtronic's diluted shares outstanding?
- Latest reported diluted shares outstanding for Medtronic (MDT) is 1.29B (period ending January 23, 2026).
How has Medtronic diluted shares outstanding changed year-over-year?
- Medtronic (MDT) diluted shares outstanding changed -3.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Medtronic diluted shares outstanding?
- Medtronic (MDT) diluted shares outstanding compound annual growth rate is -0.9% over the most recent 5 years available.
When did Medtronic diluted shares outstanding hit its highest annual value?
- Medtronic diluted shares outstanding reached its highest annual value of 1.43B in 2016.
What was Medtronic diluted shares outstanding in 2024?
- Medtronic (MDT) diluted shares outstanding in 2024 was 1.33B.
What was Medtronic diluted shares outstanding in 2025?
- Medtronic (MDT) diluted shares outstanding in 2025 was 1.29B.
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