Filing Flows › Medtronic (MDT) › How it makes money
How Medtronic (MDT) makes money
Medtronic (MDT) made $9.8B of revenue in the first quarter fiscal 2027 (Q1 FY27), +14% from a year earlier. Of every dollar of revenue, 18¢ was left as operating profit, 15¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q1 FY27 | % of revenue |
|---|---|---|
| Revenue | $9.8B | 100.0% |
| Operating profit | $1.8B | 18.1% |
| Income tax | $289M | 3.0% |
| Net earnings | $1.5B | 15.1% |
| Operating cash flow | $1.8B | 18.4% |
| Free cash flow | $1.3B | 13.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 FY27 | $9.8B | +14% |
| Q4 FY26 | $9.8B | +10% |
| Q3 FY26 | $9.0B | +9% |
| Q2 FY26 | $9.0B | +7% |
| Q1 FY26 | $8.6B | +8% |
| Q4 FY25 | $8.9B | +4% |
| Q3 FY25 | $8.3B | +2% |
From Medtronic's 10-Q filed Sep 3, 2026 (on EDGAR).
Questions
How does Medtronic make money?
Medtronic (MDT) made $9.8B of revenue in the first quarter fiscal 2027 (Q1 FY27), +14% from a year earlier. Of every dollar of revenue, 18¢ was left as operating profit, 15¢ was left as net earnings.
What is Medtronic's profit margin?
Net earnings were $1.5B, 15.1% of revenue, in the first quarter fiscal 2027; the operating margin was 18.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.