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 | FY2026 ended April 24, 2026 | FY2025 ended April 25, 2025 | FY2024 ended April 26, 2024 | FY2023 ended 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.
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.