Medtronic plc (MDT) closed fiscal year 2026 with a gross margin of 65.0 % and a net margin of 13.2 %.
Medtronic plc (MDT) closed fiscal year 2026 with a gross margin of 65.0 % and a net margin of 13.2 %. The same year shows an EBITDA margin of 25.9 % and an EBIT margin of 17.8 %. The free cash flow margin was 14.9 %. Against the previous year the gross margin moved −0.3 pp and the net margin −0.7 pp. Across the period the gross margin ranges between 65.0 % in 2026 and 75.1 % in 2013. The series covers 14 fiscal years, from 2013 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: April
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 75.13 % | 74.52 % | 68.86 % | 68.29 % | 68.73 % | 69.77 % | 70.04 % | 67.41 % | 65.19 % | 67.98 % | 65.67 % | 65.34 % | 65.32 % | 65.02 % |
| EBITDA margin (%) | 31.47 % | 27.42 % | 25.03 % | 28.37 % | 27.94 % | 31.00 % | 29.21 % | 25.78 % | 23.86 % | 26.70 % | 26.20 % | 24.07 % | 26.29 % | 25.92 % |
| EBIT margin (%) | 26.53 % | 22.42 % | 18.59 % | 18.59 % | 18.12 % | 22.17 % | 20.51 % | 16.57 % | 14.89 % | 18.15 % | 17.56 % | 15.89 % | 17.76 % | 17.78 % |
| Net margin (%) | 20.90 % | 18.02 % | 13.20 % | 12.27 % | 13.56 % | 10.36 % | 15.16 % | 16.56 % | 11.97 % | 15.90 % | 12.03 % | 11.36 % | 13.90 % | 13.20 % |
| FCF margin (%) | 27.03 % | 26.83 % | 21.38 % | 14.47 % | 18.94 % | 12.07 % | 19.22 % | 20.82 % | 16.22 % | 18.87 % | 14.67 % | 16.07 % | 15.46 % | 14.92 % |
