10x Insights
Loading account…
Companies / Health Care / Medtronic
MDT

Medtronic

Health CareElectromedical ApparatusS&P 500
Ticker MDTGALWAYFiscal year ends AprilBook value per share $39.09Diluted shares 1.3B

Medtronic plc (NYSE: MDT) develops, manufactures, and sells medical devices and therapies for healthcare systems, physicians, clinicians, and patients in more than 150 countries. Its products address cardiovascular conditions, neurological and spinal disorders, surgical needs, and acute care, including pacemakers,… From the company’s description.

In fiscal 2026, Medtronic reported revenue of $36.36B, up 8.4% from fiscal 2025, and net income of $4.84B. Its operating margin was 17.8%, and operations generated $7.33B in cash. Over the twelve months to Jul 31, 2026, revenue was $37.54B.

Fiscal year 2026 · ends 04-24Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-07-31
Sales & profitability
$36.36BFY2026
+8.4% year over year
Last 12 mo $37.54B
17.78%FY2026
No change, year over year
Last 12 mo 18.08%
$4.84BFY2026
+3.1% year over year
Last 12 mo $5.27B
9.71%FY2026
No change, year over year
Last 12 mo 10.41%
Cash & financing
$7.33BFY2026
+4.1% year over year
Last 12 mo $8.04B
$5.43BFY2026
+4.6% year over year
Last 12 mo $6.13B
0.57FY2026
Was 0.59× a year earlier
Last 12 mo 0.56
1.3BFY2026
−0.1% year over year
Last 12 mo 1.3B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Medtronic does

In the company’s own words

Medtronic plc (NYSE: MDT) develops, manufactures, and sells medical devices and therapies for healthcare systems, physicians, clinicians, and patients in more than 150 countries. Its products address cardiovascular conditions, neurological and spinal disorders, surgical needs, and acute care, including pacemakers, heart valves, neurostimulation systems, surgical instruments, patient monitors, and endoscopy technologies. Medtronic reports three segments: Cardiovascular, Neuroscience, and Medical Surgical. Cardiovascular covers heart rhythm, structural heart, coronary, and peripheral vascular therapies; Neuroscience includes cranial and spinal technologies, specialty therapies, and neuromodulation; Medical Surgical includes surgical and endoscopy products and acute care and monitoring. Its products are sold through direct representatives and third parties, primarily to hospitals, ambulatory surgery centers, physician offices, and other healthcare providers. The Diabetes Business, which makes insulin pumps, continuous glucose monitoring systems, and related supplies, completed an initial public offering in March 2026 and was no longer a reportable segment in the fourth quarter. Medtronic had more than 95,000 full-time employees in fiscal 2026.

Company details
Sector
Health Care
Industry (SIC)
Electromedical Apparatus
Headquarters
GALWAY
Fiscal year end
April
CIK
1613103
SIC
3845

Financial performance, year by year

Fiscal 2015–2026 · USD
$-3.75B$7.51B$18.77B$30.03B$41.30B201520162017201820192020202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Medtronic — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

382
funds hold it
1 of 35
superinvestors hold it
$14.83B
held by funds, at market
14.8%
of shares held by funds

Superinvestors in Medtronic · what they did last quarter

Mark HillmanINCREASED +55.6%
Hillman Capital Management
0.3%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Medtronic’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.14%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.16%of fund net assets
VANGUARD VALUE INDEX FUND
VTV · VANGUARD INDEX FUNDS
0.38%of fund net assets
VANGUARD DIVIDEND APPRECIATION INDEX FUND
VIG · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD INSTITUTIONAL INDEX FUND
VINIX · VANGUARD INSTITUTIONAL INDEX FUNDS
0.16%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Medtronic and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Medtronic's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Medtronic's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.