MDT financial statements

The full income statement, balance sheet, and cash-flow statement for Medtronic plc. (MDT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-04 1.28B2024-07 1.28B2024-10 1.28B2025-01 1.28B2025-04 1.28B2025-07 1.28B2025-10 1.28B2026-01 1.28B2026-04 1.28B-0.2% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofApr 24 ’26	as ofApr 25 ’25	as ofApr 26 ’24	as ofApr 28 ’23	as ofApr 29 ’22	as ofApr 30 ’21
Revenue	36.4B YoY+8.4%	33.5B YoY+3.6%	32.4B YoY+3.6%	31.2B YoY-1.4%	31.7B YoY+5.2%	30.1B YoY+4.2%
Cost of revenue	12.7B YoY+9.4%	11.6B YoY+3.7%	11.2B YoY+4.6%	10.7B YoY+5.7%	10.1B YoY-3.2%	10.5B YoY+11.2%
Research & development	2.87B YoY+5.2%	2.73B YoY-0.1%	2.73B YoY+1.4%	2.70B YoY-1.8%	2.75B YoY+10.1%	2.49B YoY+6.9%
Selling, general & administrative	11.8B YoY+8.6%	10.8B YoY+1.1%	10.7B YoY+3.1%	10.4B YoY+1.2%	10.3B YoY+1.4%	10.1B YoY+0.4%
Restructuring	—	—	389M YoY-39.9%	647M YoY+93.1%	335M YoY-37.8%	539M YoY+16.7%
Amortization of intangibles	1.77B YoY-1.9%	1.81B YoY+6.7%	1.69B YoY-0.3%	1.70B YoY-2.0%	1.73B YoY-2.8%	1.78B YoY+1.5%
Provision for credit losses	136M YoY+10.6%	123M YoY+36.7%	90.0M YoY+23.3%	73.0M YoY+25.9%	58.0M YoY-54.7%	128M YoY+29.3%
Operating income	6.47B YoY+8.6%	5.96B YoY+15.8%	5.14B YoY-6.2%	5.49B YoY-4.6%	5.75B YoY+28.3%	4.48B YoY-6.4%
Interest expense	715M YoY-1.9%	729M YoY+1.4%	719M YoY+13.1%	636M YoY+15.0%	553M YoY-40.2%	925M YoY-15.3%
Net interest income	383M YoY-25.0%	511M YoY-14.4%	597M YoY+54.7%	386M YoY+107.5%	186M	—
Other non-operating income	384M YoY-4.5%	402M YoY-2.4%	412M YoY-20.0%	515M YoY+61.9%	318M YoY-5.4%	336M YoY-5.6%
Pre-tax income	6.14B YoY+9.0%	5.63B YoY+16.4%	4.84B YoY-9.8%	5.36B YoY-2.8%	5.52B YoY+41.6%	3.90B YoY-3.9%
Income tax	1.30B YoY+38.8%	936M YoY-17.4%	1.13B YoY-28.3%	1.58B YoY+246.5%	456M YoY+72.1%	265M YoY+135.3%
	4.80B YoY+3.0%	4.66B YoY+26.8%	3.68B YoY-2.2%	3.76B YoY-25.4%	5.04B YoY+39.7%	3.61B YoY-24.7%
Net income to non-controlling interest	37.0M YoY+27.6%	29.0M YoY+3.6%	28.0M YoY+7.7%	26.0M YoY+18.2%	22.0M YoY-8.3%	24.0M YoY+41.2%
	$3.73 YoY+3.3%	$3.61 YoY+30.8%	$2.76 YoY-2.1%	$2.82 YoY-24.4%	$3.73 YoY+40.2%	$2.66 YoY-24.9%
EPS (basic)	$3.75 YoY+3.3%	$3.63 YoY+31.0%	$2.77 YoY-2.1%	$2.83 YoY-24.5%	$3.75 YoY+39.9%	$2.68 YoY-24.9%
	1.28B YoY-0.3%	1.29B YoY-3.2%	1.33B YoY-0.2%	1.33B YoY-0.9%	1.34B YoY-0.2%	1.34B YoY+0.3%
	1.29B YoY-0.1%	1.29B YoY-3.0%	1.33B YoY-0.2%	1.33B YoY-1.4%	1.35B YoY-0.2%	1.35B YoY+0.2%
Dividends per share	$2.84 YoY+1.4%	$2.80 YoY+1.4%	$2.76 YoY+1.5%	$2.72 YoY+7.9%	$2.52 YoY+8.6%	$2.32 YoY+7.4%
Balance Sheet	as ofApr 24 ’26	as ofApr 25 ’25	as ofApr 26 ’24	as ofApr 28 ’23	as ofApr 29 ’22	as ofApr 30 ’21
	24.8B YoY+4.1%	23.8B YoY+8.6%	21.9B YoY+1.2%	21.7B YoY-6.0%	23.1B YoY+2.3%	22.5B YoY+2.3%
Cash & equivalents	1.95B YoY-12.1%	2.22B YoY+72.7%	1.28B YoY-16.8%	1.54B YoY-58.5%	3.71B YoY+3.4%	3.59B YoY-13.2%
Short-term investments	7.27B YoY+7.8%	6.75B YoY+0.4%	6.72B YoY+4.8%	6.42B YoY-6.5%	6.86B YoY-5.1%	7.22B YoY+6.1%
Accounts receivable	6.64B YoY+2.0%	6.51B YoY+6.3%	6.13B YoY+2.2%	6.00B YoY+8.1%	5.55B YoY+1.6%	5.46B YoY+17.6%
Inventory	5.95B YoY+8.7%	5.48B YoY+5.0%	5.22B YoY-1.4%	5.29B YoY+14.7%	4.62B YoY+7.0%	4.31B YoY+2.0%
Other current assets	2.97B YoY+4.0%	2.86B YoY+10.6%	2.58B YoY+6.6%	2.42B YoY+4.6%	2.32B YoY+18.6%	1.96B YoY-11.5%
	93.0B YoY+1.5%	91.7B YoY+1.9%	90.0B YoY-1.1%	90.9B YoY-0.0%	91.0B YoY-2.3%	93.1B YoY+2.6%
Property, plant & equipment	7.42B YoY+8.5%	6.84B YoY+11.5%	6.13B YoY+10.1%	5.57B YoY+2.9%	5.41B YoY+3.7%	5.22B YoY+8.1%
Operating lease right-of-use	1.20B YoY+8.8%	1.10B YoY+8.7%	1.01B YoY-2.8%	1.04B YoY+21.9%	854M YoY-14.4%	998M YoY+7.7%
Goodwill	42.6B YoY+2.0%	41.7B YoY+1.8%	41.0B YoY-1.1%	41.4B YoY+2.3%	40.5B YoY-3.5%	42.0B YoY+5.3%
Intangible assets	10.1B YoY-13.0%	11.7B YoY-11.8%	13.2B YoY-10.9%	14.8B YoY-4.8%	15.6B YoY-12.1%	17.7B YoY-6.9%
Deferred tax assets	3.94B YoY-2.4%	4.04B YoY+10.5%	3.66B YoY+5.2%	3.48B YoY+2.2%	3.40B YoY+7.4%	3.17B YoY+11.9%
Other non-current assets	4.15B YoY+15.7%	3.58B YoY-11.4%	4.05B YoY+2.2%	3.96B YoY+31.6%	3.01B YoY+23.1%	2.44B YoY+16.7%
	11.7B YoY-9.5%	12.9B YoY+19.4%	10.8B YoY+19.2%	9.05B YoY-27.0%	12.4B YoY+45.7%	8.51B YoY-17.9%
Accounts payable	2.64B YoY+8.0%	2.45B YoY+1.6%	2.41B YoY-9.5%	2.66B YoY+17.0%	2.28B YoY+8.1%	2.11B YoY+5.5%
Short-term & current debt	1.79B YoY-37.8%	2.87B YoY+163.2%	1.09B YoY+5360.0%	20.0M YoY-99.5%	3.74B YoY-66.0%	11.0B YoY+296.3%
Current lease liability	198M YoY+3.1%	192M YoY+4.9%	183M YoY+1.7%	180M YoY+7.8%	167M YoY-10.2%	186M YoY+8.8%
Other current liabilities	3.63B YoY-1.3%	3.68B YoY+2.8%	3.58B YoY+0.0%	3.58B YoY+0.8%	3.55B YoY+2.2%	3.48B YoY+16.1%
Finance lease liability (current)	6.00M YoY+0.0%	6.00M YoY+0.0%	6.00M YoY-14.3%	7.00M YoY+16.7%	6.00M YoY-33.3%	9.00M YoY+80.0%
	43.0B YoY-1.1%	43.4B YoY+9.8%	39.6B YoY+0.7%	39.3B YoY+2.7%	38.3B YoY-7.8%	41.5B YoY+4.2%
Long-term debt	26.2B YoY+2.1%	25.6B YoY+7.1%	23.9B YoY-1.7%	24.3B YoY+19.5%	20.4B YoY-22.8%	26.4B YoY+19.1%
Non-current lease liability	989M YoY+7.7%	918M YoY+9.3%	840M YoY-3.3%	869M YoY+23.6%	703M YoY-15.2%	829M YoY+7.1%
Operating lease liability (total)	1.19B YoY+7.1%	1.11B YoY+8.3%	1.02B YoY-2.4%	1.05B YoY+20.4%	871M YoY-14.2%	1.01B YoY+7.4%
Finance lease liability	54.0M YoY+3.8%	52.0M YoY-5.5%	55.0M YoY-3.5%	57.0M YoY+1.8%	56.0M YoY-9.7%	62.0M YoY+37.8%
Deferred tax liabilities	362M YoY-10.2%	403M YoY-21.7%	515M YoY-27.3%	708M YoY-19.9%	884M YoY-14.0%	1.03B YoY-12.4%
Other non-current liabilities	2.06B YoY+16.2%	1.77B YoY+29.6%	1.36B YoY-21.0%	1.73B YoY+22.5%	1.41B YoY-19.7%	1.76B YoY+5.5%
	49.5B YoY+3.0%	48.0B YoY-4.4%	50.2B YoY-2.5%	51.5B YoY-2.0%	52.6B YoY+2.2%	51.4B YoY+1.4%
Common stock	0.00	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	20.9B YoY+0.4%	20.8B YoY-9.9%	23.1B YoY-5.9%	24.6B YoY+0.1%	24.6B YoY-6.7%	26.3B YoY+0.6%
Retained earnings	32.6B YoY+3.7%	31.5B YoY+3.5%	30.4B YoY+0.0%	30.4B YoY+0.5%	30.3B YoY+5.8%	28.6B YoY+1.6%
Accumulated other comprehensive income	-4.10B YoY+4.3%	-4.28B YoY-29.1%	-3.32B YoY+5.2%	-3.50B YoY-54.5%	-2.27B YoY+35.0%	-3.48B YoY+2.1%
Non-controlling interest	609M YoY+162.5%	232M YoY+12.6%	206M YoY+13.2%	182M YoY+6.4%	171M YoY-1.7%	174M YoY+28.9%
Total equity incl. non-controlling	50.1B YoY+3.8%	48.3B YoY-4.3%	50.4B YoY-2.4%	51.7B YoY-2.0%	52.7B YoY+2.2%	51.6B YoY+1.4%
Total liabilities & equity	93.0B YoY+1.5%	91.7B YoY+1.9%	90.0B YoY-1.1%	90.9B YoY-0.0%	91.0B YoY-2.3%	93.1B YoY+2.6%
	1.28B YoY-0.1%	1.28B YoY-2.2%	1.31B YoY-1.5%	1.33B YoY+0.0%	1.33B YoY-1.1%	1.35B YoY+0.3%
	1.28B YoY-0.1%	1.28B YoY-2.2%	1.31B YoY-1.5%	1.33B YoY+0.0%	1.33B YoY-1.1%	1.35B YoY+0.3%
	1.28B YoY-0.1%	1.28B YoY-0.1%	1.28B YoY-3.6%	1.33B YoY+0.1%	1.33B YoY-1.1%	1.34B YoY+0.2%
Cash Flow	as ofApr 24 ’26	as ofApr 25 ’25	as ofApr 26 ’24	as ofApr 28 ’23	as ofApr 29 ’22	as ofApr 30 ’21
	7.33B YoY+4.1%	7.04B YoY+3.8%	6.79B YoY+12.4%	6.04B YoY-17.8%	7.35B YoY+17.7%	6.24B YoY-13.7%
Depreciation & amortization	2.96B YoY+3.4%	2.86B YoY+8.1%	2.65B YoY-1.9%	2.70B YoY-0.4%	2.71B YoY+0.2%	2.70B YoY+1.5%
Intangible amortization	1.77B YoY-1.9%	1.81B YoY+6.7%	1.69B YoY-0.3%	1.70B YoY-2.0%	1.73B YoY-2.8%	1.78B YoY+1.5%
Share-based compensation	457M YoY+6.5%	429M YoY+9.2%	393M YoY+10.7%	355M YoY-1.1%	359M YoY+4.4%	344M YoY+15.8%
Deferred income taxes	31.0M YoY+109.1%	-339M YoY+35.8%	-528M YoY-108.7%	-253M YoY+58.6%	-611M YoY-32.5%	-461M YoY+63.9%
Change in inventory	404M YoY+38.4%	292M YoY+110.1%	139M YoY-85.2%	939M YoY+67.7%	560M YoY+817.9%	-78.0M YoY-113.5%
	-2.93B YoY-51.5%	-1.94B YoY+18.1%	-2.37B YoY+32.3%	-3.49B YoY-110.5%	-1.66B YoY+42.1%	-2.87B YoY+10.5%
Capital expenditure	1.90B YoY+2.4%	1.86B YoY+17.1%	1.59B YoY+8.8%	1.46B YoY+6.7%	1.37B YoY+1.0%	1.35B YoY+11.7%
Free cash flow	5.43B YoY+4.6%	5.18B YoY-0.3%	5.20B YoY+13.5%	4.58B YoY-23.4%	5.98B YoY+22.4%	4.88B YoY-18.9%
Acquisitions	406M YoY+314.3%	98.0M YoY-53.6%	211M YoY-88.7%	1.87B YoY+1951.6%	91.0M YoY-90.8%	994M YoY+103.7%
Purchases of investments	8.72B YoY+6.1%	8.23B YoY+6.2%	7.75B YoY+3.1%	7.51B YoY-24.0%	9.88B YoY-16.3%	11.8B YoY+7.0%
Sales/maturities of investments	8.11B YoY-4.6%	8.49B YoY+14.2%	7.44B YoY+1.3%	7.34B YoY-24.2%	9.69B YoY-14.6%	11.3B YoY+18.5%
Other investing activities	4.00M YoY-98.4%	249M YoY-4.6%	261M YoY+6625.0%	-4.00M YoY-140.0%	10.0M YoY-81.5%	54.0M YoY+45.9%
	-4.75B YoY-8.9%	-4.36B YoY+2.0%	-4.45B YoY+10.3%	-4.96B YoY+7.0%	-5.34B YoY-29.0%	-4.14B YoY+1.5%
Long-term debt issued	1.75B YoY-45.6%	3.21B	0.00 YoY-100.0%	5.41B	0.00 YoY-100.0%	7.17B YoY+28.8%
Long-term debt repaid	2.93B	0.00	0.00 YoY-100.0%	6.01B YoY+601100.0%	1.00M YoY-100.0%	7.37B YoY+20.6%
Common stock issued	516M YoY+1.6%	508M YoY+78.9%	284M	0.00	0.00	0.00
Common stock repurchased	1.03B YoY-68.0%	3.23B YoY+51.3%	2.14B YoY+231.5%	645M YoY-74.6%	2.54B YoY+290.2%	652M YoY-50.8%
Dividends paid	3.64B YoY+1.4%	3.59B YoY-2.1%	3.67B YoY+1.4%	3.62B YoY+6.9%	3.38B YoY+8.4%	3.12B YoY+7.8%
Other financing activities	44.0M YoY+123.9%	-184M YoY-6033.3%	-3.00M YoY+99.3%	-409M YoY-350.9%	163M YoY+160.8%	-268M YoY-230.9%
FX effect on cash	85.0M YoY-54.8%	188M YoY+181.7%	-230M YoY-194.7%	243M YoY+205.2%	-231M YoY-207.4%	215M YoY+350.0%
Net change in cash	-269M YoY-128.8%	934M YoY+460.6%	-259M YoY+88.1%	-2.17B YoY-1894.2%	121M YoY+122.1%	-547M YoY-116.2%
Interest paid	774M YoY+1.6%	762M YoY-7.7%	826M YoY+36.3%	606M YoY+12.2%	540M YoY-7.2%	582M YoY-9.5%
Income taxes paid	1.94B YoY+6.8%	1.82B YoY+12.1%	1.62B YoY+4.8%	1.55B YoY+55.4%	996M YoY-20.3%	1.25B YoY+42.4%
Valuation Ratios	as ofApr 24 ’26	as ofApr 25 ’25	as ofApr 26 ’24	as ofApr 28 ’23	as ofApr 29 ’22	as ofApr 30 ’21
Market cap	107B YoY-1.1%	108B YoY+5.5%	102B YoY-15.5%	121B YoY-12.7%	139B YoY-21.2%	176B YoY+32.1%
P/E	22.2× YoY-4.0%	23.1× YoY-16.8%	27.8× YoY-13.6%	32.2× YoY+17.0%	27.5× YoY-43.6%	48.8× YoY+75.4%
P/S	2.9× YoY-8.8%	3.2× YoY+1.8%	3.2× YoY-18.5%	3.9× YoY-11.5%	4.4× YoY-25.1%	5.8× YoY+26.8%
P/B	2.2× YoY-4.0%	2.2× YoY+10.3%	2.0× YoY-13.4%	2.4× YoY-10.9%	2.6× YoY-22.9%	3.4× YoY+30.3%
P/FCF	19.7× YoY-5.5%	20.8× YoY+5.8%	19.7× YoY-25.6%	26.4× YoY+13.9%	23.2× YoY-35.6%	36.0× YoY+62.8%
	4.5% YoY+4.1%	4.3% YoY+20.3%	3.6% YoY+15.8%	3.1% YoY-14.5%	3.6% YoY+77.3%	2.0% YoY-43.0%
	5.1% YoY+5.8%	4.8% YoY-5.5%	5.1% YoY+34.4%	3.8% YoY-12.2%	4.3% YoY+55.3%	2.8% YoY-38.6%
	3.4% YoY+2.5%	3.3% YoY-3.9%	3.5% YoY+15.7%	3.0% YoY+23.9%	2.4% YoY+36.3%	1.8% YoY-18.5%
Source filing	10-K	10-K	10-K	10-K	10-K	10-K

About this data

Source: MDT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MDT filings on SEC EDGAR → Not investment advice.