--- title: "Medtronic: Metrics Guide" description: "Medtronic revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/medtronic/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Medtronic: Financial & Operating Metrics Guide ## Direct Answer Medtronic reported revenue of $36.4 billion for the fiscal year ended April 24, 2026, with an operating margin of 17.8% and net income of $4,801, according to its SEC filings. Revenue grew 8.4% from the prior year. ## What Are Medtronic's Key Financial Figures? | Fiscal year | FY2026ended April 24, 2026 | FY2025ended April 25, 2025 | FY2024ended April 26, 2024 | FY2023ended April 28, 2023 | | --- | --- | --- | --- | --- | | Revenue | $36.4 billion | $33.5 billion | $32.4 billion | $31.2 billion | | Operating income | $6.5 billion | $6.0 billion | $5.1 billion | $5.5 billion | | Operating margin | 17.8% | 17.8% | 15.9% | 17.6% | | Net income | $4,801 | $4,662 | $3,676 | $3,758 | | Net margin | 0.0% | 0.0% | 0.0% | 0.0% | | Operating cash flow | $7.3 billion | $7.0 billion | $6.8 billion | $6.0 billion | | Capital expenditures | $1.9 billion | $1.9 billion | $1.6 billion | $1.5 billion | | Free cash flow | $5.4 billion | $5.2 billion | $5.2 billion | $4.6 billion | Operating margin held roughly steady between fiscal 2025 and 2026, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $5.4 billion against net income of $4,801; cash generation covered reported earnings. ![Bar chart of Medtronic revenue, operating income, net income for fiscal 2023 to 2026. In fiscal 2026, revenue was $36.4 billion, operating income $6.5 billion and net income $4,801.](https://www.getswoopr.com/images/charts/medtronic-metrics-revenue-profit.webp) *Medtronic revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Medtronic operating margin and net margin for fiscal 2023 to 2026. In fiscal 2026, operating margin was 17.8% and net margin was 0.0%.](https://www.getswoopr.com/images/charts/medtronic-metrics-margins.webp) *Medtronic operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Medtronic operating cash flow, capital expenditures, free cash flow for fiscal 2023 to 2026. In fiscal 2026, operating cash flow was $7.3 billion, capital expenditures was $1.9 billion, free cash flow was $5.4 billion.](https://www.getswoopr.com/images/charts/medtronic-metrics-cash-flow.webp) *Medtronic operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Medtronic's Balance Sheet Show? | Cash and cash equivalents | $1.9 billion | | --- | --- | | Long-term debt | $26.2 billion | | Total assets | $93.0 billion | | Total liabilities | $43.0 billion | | Shareholders' equity | $49.5 billion | | Current ratio | 2.1x | Balance sheet values are as of the end of fiscal 2026. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Medtronic reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-26-044354 for fiscal year 2026). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Medtronic's revenue in fiscal 2026? Medtronic reported revenue of $36.4 billion for the fiscal year ended April 24, 2026, according to its SEC filings. ### What is Medtronic's operating margin? Medtronic's operating margin was 17.8% in fiscal 2026: operating income of $6.5 billion on revenue of $36.4 billion. ### How much free cash flow did Medtronic generate? Operating cash flow of $7.3 billion less capital expenditures of $1.9 billion gives free cash flow of $5.4 billion for fiscal 2026. ## References - [SEC EDGAR: Medtronic plc Form 10-K filed June 18, 2026](https://www.sec.gov/Archives/edgar/data/1613103/000162828026044354/mdt-20260424.htm) - [SEC EDGAR: Medtronic plc annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1613103&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Medtronic company dossier](https://www.getswoopr.com/stocks/companies/medtronic/) - [Medtronic financial metrics](https://www.getswoopr.com/stocks/companies/medtronic/metrics/) - [Medtronic financial risk indicators](https://www.getswoopr.com/stocks/companies/medtronic/risks/) - [Medtronic peer comparison](https://www.getswoopr.com/stocks/companies/medtronic/competitors/) - [Medtronic business model and revenue mix](https://www.getswoopr.com/stocks/companies/medtronic/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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