Filing Flows › Medtronic (MDT) › Operating margin
Medtronic (MDT) operating margin by quarter
Medtronic's operating margin was 18.1% in Q1 FY27 (first quarter fiscal 2027), -1.0 pts from Q4 FY26. Over the last 7 quarters it ranged from 16.1% (Q4 FY25) to 19.9% (Q3 FY25).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q1 FY27 | 18.1% | -1.0 pts | +1.2 pts |
| Q4 FY26 | 19.1% | +2.9 pts | +3.0 pts |
| Q3 FY26 | 16.2% | -2.6 pts | -3.6 pts |
| Q2 FY26 | 18.8% | +2.0 pts | — |
| Q1 FY26 | 16.8% | +0.8 pts | — |
| Q4 FY25 | 16.1% | -3.8 pts | — |
| Q3 FY25 | 19.9% | — | — |
Q1 FY27 at a glance
Medtronic, Q1 FY27: revenue $9.8B (+14% year over year), operating margin 18.1%, net earnings $1.5B, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
Questions
What is Medtronic's operating margin?
Medtronic's operating margin was 18.1% in Q1 FY27 (first quarter fiscal 2027), -1.0 pts from Q4 FY26.
How has Medtronic's operating margin changed?
Over the last 7 quarters it ranged from 16.1% (Q4 FY25) to 19.9% (Q3 FY25).