Medtronic plc (MDT) — Financial statements
Income statement, balance sheet, and cash flow for Medtronic plc — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 33,537↑3.6% | 32,364↑3.6% | 31,227↓1.4% | 31,686↑5.2% | 30,117 | |
| Cost of Revenue | 11,632↑3.7% | 11,216↑4.6% | 10,719↑5.7% | 10,145↓3.2% | 10,483 | |
| Gross Profit | 21,905↑3.6% | 21,148↑3.1% | 20,508↓4.8% | 21,541↑9.7% | 19,634 | |
| Operating Expenses | ||||||
| R&D Expenses | 2,732↓0.1% | 2,735↑1.4% | 2,696↓1.8% | 2,746↑10.1% | 2,493 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 10,849↑1.1% | 10,736↑3.1% | 10,415↑1.2% | 10,292↑1.4% | 10,148 | |
| Other Expenses | 2,369↓6.5% | 2,533↑32.5% | 1,912↓30.5% | 2,751↑9.6% | 2,509 | |
| Operating Expenses | 15,950↓0.3% | 16,004↑6.5% | 15,023↓4.9% | 15,789↑4.2% | 15,150 | |
| Total Costs & Expenses | 27,582↑1.3% | 27,220↑5.7% | 25,742↓0.7% | 25,934↑1.2% | 25,633 | |
| Operating Results | ||||||
| Operating Income | 5,955↑15.8% | 5,144↓6.2% | 5,485↓4.6% | 5,752↑28.3% | 4,484 | |
| Depreciation & Amortization | 2,861↑8.1% | 2,647↓1.9% | 2,697↓0.4% | 2,707↑0.2% | 2,702 | |
| EBITDA | 9,218↑12.4% | 8,203↓5.7% | 8,697↓0.9% | 8,777↑16.7% | 7,522 | |
| EBIT | 6,357↑14.4% | 5,556↓7.4% | 6,000↓1.2% | 6,070↑25.9% | 4,820 | |
| Interest & Other Income | ||||||
| Net Interest Income | -729↓1.4% | -719↓13.1% | -636↓15.0% | -553↑40.2% | -925 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 729↑1.4% | 719↑13.1% | 636↑15.0% | 553↓40.2% | 925 | |
| Non-Operating Income | -402↑2.4% | -412↑20.0% | -515↓61.9% | -318↑5.4% | -336 | |
| Other Income / Expenses | -327↓6.5% | -307↓153.7% | -121↑48.5% | -235↑60.1% | -589 | |
| Income Before Tax | 5,628↑16.4% | 4,837↓9.8% | 5,364↓2.8% | 5,517↑41.6% | 3,895 | |
| Income Tax Expense | 936↓17.4% | 1,133↓28.3% | 1,580↑246.5% | 456↑72.1% | 265 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 4,691↑26.6% | 3,704↓2.1% | 3,784↓25.2% | 5,061↑39.4% | 3,630 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 4,662↑26.8% | 3,676↓2.2% | 3,758↓25.4% | 5,039↑39.7% | 3,606 | |
| Bottom-Line Net Income | 4,662↑26.8% | 3,676↓2.2% | 3,758↓25.4% | 5,039↑39.7% | 3,606 | |
| EPS (Basic) | 3.63↑31.0% | 2.77↓2.1% | 2.83↓24.5% | 3.75↑39.9% | 2.68 | |
| EPS (Diluted) | 3.61↑30.8% | 2.76↓2.1% | 2.82↓24.4% | 3.73↑40.2% | 2.66 | |
| Weighted Average Shares | 1,286↓3.2% | 1,328↓0.2% | 1,330↓0.9% | 1,342↓0.2% | 1,345 | |
| Weighted Average Diluted Shares | 1,290↓3.0% | 1,330↓0.2% | 1,333↓1.4% | 1,351↓0.2% | 1,354 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.