Medtronic annual operating expenses
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2026
Medtronic Operating Expenses Growth & History (MDT)
Medtronic's operating expenses was $17.18B for fiscal 2026.
View full Medtronic company overviewMedtronic annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-04-24 | $17.18B | $1.23B | +7.69% |
| 2025 | 2025-04-25 | $15.95B | −$54.0M | −0.34% |
| 2024 | 2024-04-26 | $16.00B | $981.0M | +6.53% |
| 2023 | 2023-04-28 | $15.02B | −$766.0M | −4.85% |
| 2022 | 2022-04-29 | $15.79B | $639.0M | +4.22% |
| 2021 | 2021-04-30 | $15.15B | $452.0M | +3.08% |
| 2020 | 2020-04-24 | $14.70B | −$436.0M | −2.88% |
| 2019 | 2019-04-26 | $15.13B | $876.0M | +6.14% |
| 2018 | 2018-04-27 | $14.26B | −$778.0M | −5.17% |
| 2017 | 2017-04-28 | $15.04B | $706.0M | +4.93% |
| 2016 | 2016-04-29 | $14.33B | $4.14B | +40.68% |
| 2015 | 2015-04-24 | $10.19B | $1.33B | +14.98% |
| 2014 | 2014-04-25 | $8.86B | $797.0M | +9.89% |
| 2013 | 2013-04-26 | $8.06B | — | — |
Medtronic quarterly operating expenses
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Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
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Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q3.26
Q4.26
Q1.27
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q1 2027 | 2026-07-31 | $4.58B | $444.0M | +10.75% |
| Q4 2026 | 2026-04-24 | $4.54B | $193.0M | +4.44% |
| Q3 2026 | 2026-01-31 | $4.15B | $287.0M | +7.42% |
| Q3 2026 | 2026-01-23 | $4.29B | $425.0M | +10.99% |
| Q2 2026 | 2025-10-24 | $4.21B | $352.0M | +9.11% |
| Q1 2026 | 2025-07-25 | $4.13B | $256.0M | +6.60% |
| Q4 2025 | 2025-04-25 | $4.34B | −$146.0M | −3.25% |
| Q3 2025 | 2025-01-24 | $3.87B | $43.0M | +1.12% |
| Q2 2025 | 2024-10-25 | $3.86B | −$21.0M | −0.54% |
| Q1 2025 | 2024-07-26 | $3.88B | $70.0M | +1.84% |
| Q4 2024 | 2024-04-26 | $4.49B | $490.0M | +12.25% |
| Q3 2024 | 2024-01-26 | $3.82B | $178.0M | +4.88% |
| Q2 2024 | 2023-10-27 | $3.88B | $237.0M | +6.50% |
| Q1 2024 | 2023-07-28 | $3.81B | $76.0M | +2.04% |
| Q4 2023 | 2023-04-28 | $4.00B | $174.0M | +4.55% |
| Q3 2023 | 2023-01-27 | $3.65B | $1.0M | +0.03% |
| Q2 2023 | 2022-10-28 | $3.65B | −$141.0M | −3.72% |
| Q1 2023 | 2022-07-29 | $3.73B | −$800.0M | −17.66% |
| Q4 2022 | 2022-04-29 | $3.83B | −$105.0M | −2.67% |
| Q3 2022 | 2022-01-28 | $3.65B | −$232.0M | −5.98% |
| Q2 2022 | 2021-10-29 | $3.79B | −$225.0M | −5.61% |
| Q1 2022 | 2021-07-30 | $4.53B | $1.20B | +36.08% |
| Q4 2021 | 2021-04-30 | $3.93B | $515.0M | +15.07% |
| Q3 2021 | 2021-01-29 | $3.88B | $199.0M | +5.41% |
| Q2 2021 | 2020-10-30 | $4.01B | $51.0M | +1.29% |
| Q1 2021 | 2020-07-31 | $3.33B | −$313.0M | −8.59% |
| Q4 2020 | 2020-04-24 | $3.42B | −$300.0M | −8.07% |
| Q3 2020 | 2020-01-24 | $3.68B | −$61.0M | −1.63% |
| Q2 2020 | 2019-10-25 | $3.96B | $227.0M | +6.08% |
| Q1 2020 | 2019-07-26 | $3.64B | −$302.0M | −7.66% |
| Q4 2019 | 2019-04-26 | $3.72B | −$113.0M | −2.95% |
| Q3 2019 | 2019-01-25 | $3.74B | $0 | 0.00% |
| Q2 2019 | 2018-10-26 | $3.73B | $701.0M | +23.11% |
| Q1 2019 | 2018-07-27 | $3.94B | $288.0M | +7.88% |
| Q4 2018 | 2018-04-27 | $3.83B | $34.0M | +0.90% |
| Q3 2018 | 2018-01-26 | $3.74B | −$129.0M | −3.34% |
| Q2 2018 | 2017-10-27 | $3.03B | −$601.0M | −16.54% |
| Q1 2018 | 2017-07-28 | $3.66B | −$82.0M | −2.19% |
| Q4 2017 | 2017-04-28 | $3.80B | $167.0M | +4.60% |
| Q3 2017 | 2017-01-27 | $3.87B | $430.0M | +12.51% |
| Q2 2017 | 2016-10-28 | $3.63B | $58.0M | +1.62% |
| Q1 2017 | 2016-07-29 | $3.74B | $51.0M | +1.38% |
| Q4 2016 | 2016-04-29 | $3.63B | −$2.25B | −38.23% |
| Q3 2016 | 2016-01-29 | $3.44B | $3.40B | +9173.10% |
| Q2 2016 | 2015-10-30 | $3.58B | $1.38B | +62.99% |
| Q1 2016 | 2015-07-31 | $3.69B | $1.61B | +77.26% |
| Q4 2015 | 2015-04-24 | $5.87B | — | — |
| Q3 2015 | 2015-01-23 | $37.1M | — | — |
| Q2 2015 | 2014-10-24 | $2.19B | — | — |
| Q1 2015 | 2014-07-25 | $2.08B | — | — |
Medtronic operating expenses trends
Over the last five fiscal years, Medtronic's operating expenses increased from $15.15B to $17.18B, a change of $2.03B. The latest reported quarter, Q1 2027, shows $4.58B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Medtronic source filings ↗Community posts
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