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Medtronic plc.Stock · Healthcare
$83.19+$3.99 (+5.04%)as of market close, Jul 2, 2026
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How Medtronic makes money

Fiscal year

How does Medtronic make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Medtronic plc. · FY2026 · year ended 2026-04-24
Revenue$36.4BGross profit$23.6B · 65%Cost of revenue$12.7B · 35%Operating income$6.5B · 18%Operating expenses$17.2B · 47%R&D$2.9B · 8%SG&A$11.8B · 32%Other opex$2.5B · 7%Pre-tax income$6.1B · 17%Other expense$367M · 1%Net income$4.8B · 13%Income tax$1.3B · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.