Medtronic
Financial Performance
Medtronic Revenue & Financials
Revenue
$32.4B (FY2025)
Net Income
$3.7B
What is Medtronic's revenue?
Medtronic had $32.4B in revenue for fiscal year 2025, down 0.1% from 2024. Net income was $3.7B.
- Latest revenue
- $32.4B (FY2025)
- Year-over-year
- -0.1%
- Growth rate (CAGR)
- 1.3% over 9 years
- Peak revenue
- $32.4B (FY2024)
- Years of data
- 10
- How much profit does Medtronic make?
- Medtronic reported net income of $3.7B for fiscal year 2025.
Financial Analysis
Medtronic exhibits robust financial performance with $32.4 billion in annual revenue, $3.7 billion in net income, strong operating cash flows, and a disciplined capital allocation framework. Medtronic delivers durable financial performance characterized by diversified revenue streams, high operating margins, and consistent free cash flow generation. Operating as an S&P 500 Dividend Aristocrat with over 46 consecutive years of annual dividend increases, Medtronic balances disciplined capital reinvestment in next-generation medical innovation with substantial shareholder capital returns. The enterprise maintains an investment-grade A credit rating, ample liquidity cushions, and strategic currency hedging to insulate against foreign exchange volatility.
Revenue Trend Analysis
YoY Change
-0.1%
9-Year CAGR
+1.3%
Peak Year
2024
Trend
Mostly Growing
Medtronic has 10 full fiscal year figures on this page, compounding at +1.3% annually over 9 years. The most recent year saw a 0.1% decline versus the prior year. Annual revenue peaked in fiscal year 2024 at $32.4B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $32.4B | $3.7B | -0.1% |
| FY2024 | $32.4B | $3.1B | +3.7% |
| FY2023 | $31.2B | $3.8B | -1.4% |
| FY2022 | $31.7B | $5B | +5.2% |
| FY2021 | $30.1B | $3.6B | +4.2% |
| FY2020 | $28.9B | $4.8B | -5.4% |
| FY2019 | $30.6B | $4.6B | +2.0% |
| FY2018 | $30B | $3.1B | +0.8% |
| FY2017 | $29.7B | $4B | +3.0% |
| FY2016 | $28.8B | $3.5B | — |
Click any row to see year details.
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Medtronic Revenue and Financial FAQ
What was Medtronic's latest reported annual revenue?
In its latest audited financial reporting period, Medtronic recorded consolidated net revenue of $32.4B, demonstrating durable revenue growth across its primary operating divisions.
How profitable is Medtronic?
Medtronic generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is Medtronic's capital and liquidity position?
Medtronic maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does Medtronic distribute capital to shareholders?
Medtronic executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Medtronic Revenue & Financials." CorpDigest, https://corpdigest.com/company/medtronic/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Medtronic reported $32.4B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/medtronic/financials" target="_blank" rel="noopener">CorpDigest — Medtronic financials</a></div>Related Financial Audits
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