Filing Flows › Medline (MDLN) › How it makes money
How Medline (MDLN) makes money
Medline (MDLN) made $7.9B of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Of every dollar of revenue, 25¢ was left as gross profit, 6¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $7.9B | 100.0% |
| Cost of revenue | $5.9B | 75.5% |
| Gross profit | $1.9B | 24.5% |
| Operating expenses | $1.4B | 18.1% |
| Operating profit | $500M | 6.4% |
| Income tax | $68.0M | 0.9% |
| Net earnings | $198M | 2.5% |
| Operating cash flow | $1.0B | 13.0% |
| Free cash flow | $884M | 11.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $7.9B | +10% |
| Q2 2026 | $7.7B | +12% |
| Q1 2026 | $7.4B | +11% |
From Medline's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Medline make money?
Medline (MDLN) made $7.9B of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Of every dollar of revenue, 25¢ was left as gross profit, 6¢ was left as operating profit, 3¢ was left as net earnings.
What is Medline's profit margin?
Net earnings were $198M, 2.5% of revenue, in the third quarter 2026; the operating margin was 6.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.