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Medtronic plc (MDT) stock

MDTNYSEElectromedical & Electrotherapeutic ApparatusFiscal year ends April 24
Financials through Q1 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 3, 2026Score 17/303% above fair value
$102.86+1.87 (+1.85%)

Close on Nov 13, 2026Market cap $131.57BP/E 25.3Yield 2.76%

Medtronic operating margin

Operating margin is operating income as a percentage of revenue.

Medtronic's operating margin for the twelve months ending Jul 31, 2026 was 18.1%. For fiscal 2026 it was 17.8%, against 17.8% the year before. The highest annual figure on record is 26.5% in fiscal 2013.

Annual operating margin

PeriodPeriod endValueChange (pts)
FY2026Apr 24, 202617.8%+0.0
FY2025Apr 25, 202517.8%+1.9
FY2024Apr 26, 202415.9%−1.7
FY2023Apr 28, 202317.6%−0.6
FY2022Apr 29, 202218.2%+3.3
FY2021Apr 30, 202114.9%−1.7
FY2020Apr 24, 202016.6%−3.9
FY2019Apr 26, 201920.5%−1.7
FY2018Apr 27, 201822.2%+4.0
FY2017Apr 28, 201718.1%−0.5
FY2016Apr 29, 201618.6%+0.0
FY2015Apr 24, 201518.6%−3.8
FY2014Apr 25, 201422.4%−4.1
FY2013Apr 26, 201326.5%–

Quarterly operating margin

Change is against the same quarter a year earlier.

Periods
PeriodPeriod endValueChange (pts)
Q1 FY2027CQ2 2026Jul 31, 202618.1%+1.2
Q4 FY2026CQ1 2026Apr 24, 202619.1%+3.0
Q3 FY2026CQ4 2025Jan 23, 202616.2%−3.6
Q2 FY2026CQ3 2025Oct 24, 202518.8%−0.2
Q1 FY2026CQ2 2025Jul 25, 202516.8%+0.7
Q4 FY2025CQ1 2025Apr 25, 202516.1%+3.8
Q3 FY2025CQ4 2024Jan 24, 202519.9%+1.5
Q2 FY2025CQ3 2024Oct 25, 202419.0%+2.2
Q1 FY2025CQ2 2024Jul 26, 202416.1%−0.3
Q4 FY2024CQ1 2024Apr 26, 202412.3%−6.1
Q3 FY2024CQ4 2023Jan 26, 202418.3%+0.3
Q2 FY2024CQ3 2023Oct 27, 202316.8%−1.7
Q1 FY2024CQ2 2023Jul 28, 202316.5%+1.2
Q4 FY2023CQ1 2023Apr 28, 202318.3%−2.3
Q3 FY2023CQ4 2022Jan 27, 202318.0%−3.4
Q2 FY2023CQ3 2022Oct 28, 202218.5%−1.4
Q1 FY2023CQ2 2022Jul 29, 202215.3%+4.5
Q4 FY2022CQ1 2022Apr 29, 202220.7%+1.1
Q3 FY2022CQ4 2021Jan 28, 202221.4%+4.9
Q2 FY2022CQ3 2021Oct 29, 202119.9%+7.8
Q1 FY2022CQ2 2021Jul 30, 202110.8%+0.4
Q4 FY2021CQ1 2021Apr 30, 202119.6%+14.3
Q3 FY2021CQ4 2020Jan 29, 202116.4%−4.8
Q2 FY2021CQ3 2020Oct 30, 202012.2%−5.4
Q1 FY2021CQ2 2020Jul 31, 202010.3%−9.5
Q4 FY2020CQ1 2020Apr 24, 20205.3%−18.6
Q3 FY2020CQ4 2019Jan 24, 202021.2%+0.8
Q2 FY2020CQ3 2019Oct 25, 201917.5%−3.1
Q1 FY2020CQ2 2019Jul 26, 201919.8%+3.1
Q4 FY2019CQ1 2019Apr 26, 201923.9%+0.2
Q3 FY2019CQ4 2018Jan 25, 201920.4%+0.9
Q2 FY2019CQ3 2018Oct 26, 201820.6%−6.2
Q1 FY2019CQ2 2018Jul 27, 201816.7%−2.0
Q4 FY2018CQ1 2018Apr 27, 201823.7%+2.4
Q3 FY2018CQ4 2017Jan 26, 201819.5%+3.7
Q2 FY2018CQ3 2017Oct 27, 201726.9%+8.0
Q1 FY2018CQ2 2017Jul 28, 201718.7%–
Q4 FY2017CQ1 2017Apr 28, 201721.3%–
Q3 FY2017CQ4 2016Jan 27, 201715.7%–
Q2 FY2017CQ3 2016Oct 28, 201618.9%–

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