What is the current annual operating margin of MDT?

As of today, MDT annual operating margin is 20.70%

What is 1-year change in MDT annual operating margin?

MDT annual operating margin is up +12.07% year-over-year

What is 3-year change in MDT annual operating margin?

MDT annual operating margin is up +17.28% over the past 3 years

How far is MDT annual operating margin from its all-time high?

MDT annual operating margin is currently -40.87% below its historical high of 35.01% set on April 30, 2004

How does MDT annual operating margin rank versus sector peers?

MDT annual operating margin is higher than 90.38% of companies in Healthcare sector

When is MDT next annual earnings release?

As of today, the next annual earnings release for MDT has not been scheduled

What is the current quarterly operating margin of MDT?

As of today, MDT quarterly operating margin is 20.22%

What is MDT quarterly operating margin most recent change?

MDT quarterly operating margin was down -3.58% on July 31, 2026

What is 1-year change in MDT quarterly operating margin?

MDT quarterly operating margin is up +14.37% year-over-year

How far is MDT quarterly operating margin from its all-time high?

MDT quarterly operating margin is currently -43.38% below its historical high of 35.71% set on April 30, 2004

How does MDT quarterly operating margin rank versus sector peers?

MDT quarterly operating margin is higher than 88.24% of companies in Healthcare sector

When is MDT next earnings release?

The next earnings release for MDT is on November 17, 2026

Medtronic Plc (MDT) Operating Margin History & Chart

Annual Operating Margin

20.70%2.23%+12.07%

April 25, 2026

Summary

Current Value: As of today, MDT annual operating margin is 20.70%, up +12.07% on April 25, 2026
Historical Performance: MDT annual operating margin is up +17.28% over the past 3 years, up +15.90% over the past 5 years
All-Time High Comparison: MDT annual operating margin is currently -40.87% below its historical high of 35.01% set on April 30, 2004
3-Year Low Comparison: MDT annual operating margin is +17.28% above its 3-year low of 17.65% reached on an earlier date
Sector Comparison: MDT annual operating margin is higher than 90.38% of companies in Healthcare sector

Operating Margin Chart

beforeafter

Performance

MDT Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Apr 25, 26	20.70%	+12.1%	+17.3%	+15.9%	-25.5%
Quarterly Operating Margin	Jul 31, 26	20.22%	+14.4%	+18.0%	+65.2%	-27.2%
Price	Sep 18, 26	$92.13	-3.6%	+11.3%	-29.0%	+163.1%
PE Ratio	Sep 18, 26	22.68	-14.1%	-25.6%	-49.9%	+85.9%
Annual Revenue	Apr 25, 26	$36.36B	+8.4%	+16.4%	+20.7%	+128.2%
Annual Operating Profit	Apr 25, 26	$7.53B	+21.5%	+36.6%	+39.9%	+70.1%
Annual Gross Margin	Apr 25, 26	60.51%	+1.2%	-0.1%	+1.4%	-17.4%
Annual Net Margin	Apr 25, 26	13.30%	-4.9%	+9.7%	+10.4%	-31.6%

Operating Margin Highs

MDT Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	20.70%	Apr 25, 26	at high
5Y	20.70%	Apr 25, 26	at high
All	35.01%	Apr 30, 04	-40.9%

Operating Margin Lows

MDT Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	17.65%	N/A	+17.3%
5Y	17.65%	Apr 1, 23	+17.3%
All	10.19%	Apr 1, 85	+103.1%

Operating Margin History

Year	Value	Change
2026	20.70%	+12.1%
2025	18.47%	+4.3%
2024	17.71%	+0.3%
2023	17.65%	-9.6%
2022	19.53%	+9.4%
2021	17.86%	+5.9%
2020	16.87%	-27.4%
2019	23.23%	+4.7%
2018	22.19%	+0.3%
2017	22.12%	+4.3%
2016	21.20%	-9.7%
2015	23.47%	-14.9%
2014	27.58%	-1.1%
2013	27.88%	+1.9%
2012	27.37%	-1.4%
2011	27.77%	-7.6%
2010	30.05%	+8.6%
2009	27.66%	-1.3%
2008	28.02%	-1.9%
2007	28.56%	-6.4%
2006	30.52%	-6.7%
2005	32.70%	-6.6%
2004	35.01%	+14.2%
2003	30.67%	-8.5%

Year	Value	Change
2002	33.52%	-1.4%
2001	33.99%	+4.7%
2000	32.45%	+14.5%
1999	28.33%	-16.1%
1998	33.77%	+5.0%
1997	32.17%	+7.8%
1996	29.84%	+19.2%
1995	25.04%	+4.7%
1994	23.92%	+7.7%
1993	22.22%	+6.3%
1992	20.91%	+6.6%
1991	19.62%	-0.5%
1990	19.72%	+12.8%
1989	17.48%	-12.2%
1988	19.91%	-5.5%
1987	21.07%	+11.2%
1986	18.95%	+86.0%
1985	10.19%	-37.8%
1984	16.37%	-5.3%
1983	17.29%	-4.1%
1982	18.02%	-4.1%
1981	18.80%	-4.7%
1980	19.72%	-

FAQ

What is the current annual operating margin of MDT?: As of today, MDT annual operating margin is 20.70%
What is 1-year change in MDT annual operating margin?: MDT annual operating margin is up +12.07% year-over-year
What is 3-year change in MDT annual operating margin?: MDT annual operating margin is up +17.28% over the past 3 years
How far is MDT annual operating margin from its all-time high?: MDT annual operating margin is currently -40.87% below its historical high of 35.01% set on April 30, 2004
How does MDT annual operating margin rank versus sector peers?: MDT annual operating margin is higher than 90.38% of companies in Healthcare sector
When is MDT next annual earnings release?: As of today, the next annual earnings release for MDT has not been scheduled

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

20.22%0.75%-3.58%

July 31, 2026

Summary

Current Value: As of today, MDT quarterly operating margin is 20.22%, down -3.58% on July 31, 2026
Historical Performance: MDT quarterly operating margin is up +14.37% year-over-year, up +17.97% over the past 3 years
All-Time High Comparison: MDT quarterly operating margin is currently -43.38% below its historical high of 35.71% set on April 30, 2004
3-Year Low Comparison: MDT quarterly operating margin is +20.36% above its 3-year low of 16.80% reached on April 30, 2025
Sector Comparison: MDT quarterly operating margin is higher than 88.24% of companies in Healthcare sector

Performance

MDT Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Jul 31, 26	20.22%	-3.6%	+14.4%	+18.0%	+65.2%
Annual Operating Margin	Apr 25, 26	20.70%	–	+12.1%	+17.3%	+15.9%
Price	Sep 18, 26	$92.13	+16.1%	-3.6%	+11.3%	-29.0%
PE Ratio	Sep 18, 26	22.68	+6.5%	-14.1%	-25.6%	-49.9%
Quarterly Revenue	Jul 31, 26	$9.76B	-0.5%	+13.7%	+26.7%	+22.1%
Quarterly Operating Profit	Jul 31, 26	$2.01B	-2.1%	+32.8%	+52.6%	+105.9%
Quarterly Gross Margin	Jul 31, 26	60.80%	-0.5%	+2.0%	+0.6%	-2.6%
Quarterly Net Margin	Jul 31, 26	15.16%	+18.1%	+24.2%	+46.5%	+57.4%

Quarterly Operating Margin Highs

MDT Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	20.97%	Apr 25, 26	-3.6%
3Y	20.97%	Apr 25, 26	-3.6%
5Y	22.98%	Jan 28, 22	-12.0%
All	35.71%	Apr 30, 04	-43.4%

Quarterly Operating Margin Lows

MDT Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	17.68%	N/A	+14.4%
3Y	16.80%	Apr 30, 25	+20.4%
5Y	12.24%	N/A	+65.2%
All	-304.52%	Apr 1, 85	+106.6%

Quarterly Operating Margin History

Month	Value	Change
Jul 2026	20.22%	-3.6%
Apr 2026	20.97%	+9.8%
Jan 2026	19.09%	-1.1%
Oct 2025	19.31%	+9.2%
Jul 2025	17.68%	+5.2%
Apr 2025	16.80%	-19.2%
Jan 2025	20.78%	+10.6%
Oct 2024	18.78%	+9.1%
Jul 2024	17.22%	-3.1%
Apr 2024	17.78%	-0.6%
Jan 2024	17.89%	-5.4%
Oct 2023	18.91%	+10.3%
Jul 2023	17.14%	-14.0%
Apr 2023	19.93%	+21.0%
Jan 2023	16.47%	-8.9%
Oct 2022	18.08%	+24.4%
Jul 2022	14.53%	-31.3%
Apr 2022	21.15%	-8.0%
Jan 2022	22.98%	+8.8%
Oct 2021	21.13%	+72.6%
Jul 2021	12.24%	-46.2%
Apr 2021	22.75%	-7.3%
Jan 2021	24.54%	+25.5%
Oct 2020	19.56%	+102.9%
Jul 2020	9.64%	+1,506.7%
Apr 2020	0.60%	-97.7%
Jan 2020	25.63%	+47.5%
Oct 2019	17.38%	-18.9%
Jul 2019	21.43%	-16.5%
Apr 2019	25.66%	+12.1%
Jan 2019	22.90%	+1.3%
Oct 2018	22.60%	+2.6%
Jul 2018	22.02%	-16.5%
Apr 2018	26.38%	+17.5%
Jan 2018	22.46%	+15.2%
Oct 2017	19.50%	-8.1%
Jul 2017	21.23%	-11.7%
Apr 2017	24.05%	+9.5%
Jan 2017	21.97%	+4.2%
Oct 2016	21.09%	+5.4%
Jul 2016	20.01%	-14.9%
Apr 2016	23.50%	+31.3%
Jan 2016	17.90%	-4.7%
Oct 2015	18.79%	+20.8%
Jul 2015	15.55%	+12.8%
Apr 2015	13.79%	-31.9%
Jan 2015	20.24%	-17.1%
Oct 2014	24.42%	-11.2%
Jul 2014	27.50%	-5.2%
Apr 2014	29.02%	+15.4%
Jan 2014	25.15%	-10.6%
Oct 2013	28.14%	+5.3%
Jul 2013	26.72%	-12.2%
Apr 2013	30.43%	+11.8%
Jan 2013	27.22%	-5.2%
Oct 2012	28.72%	+11.1%
Jul 2012	25.85%	-12.3%
Apr 2012	29.49%	+8.7%
Jan 2012	27.13%	+7.9%
Oct 2011	25.15%	-9.5%
Jul 2011	27.78%	-7.9%
Apr 2011	30.17%	+20.2%
Jan 2011	25.09%	-14.4%
Oct 2010	29.31%	+4.5%
Jul 2010	28.04%	-10.2%
Apr 2010	31.22%	+10.4%
Jan 2010	28.28%	-3.8%
Oct 2009	29.39%	-1.1%
Jul 2009	29.72%	+0.6%
Apr 2009	29.54%	+0.3%
Jan 2009	29.45%	+7.3%
Oct 2008	27.45%	-8.7%
Jul 2008	30.06%	+7.1%
Apr 2008	28.06%	+8.6%
Jan 2008	25.84%	+0.0%
Oct 2007	25.83%	-8.4%
Jul 2007	28.21%	-1.6%

Month	Value	Change
Apr 2007	28.66%	-2.7%
Jan 2007	29.46%	+3.7%
Oct 2006	28.42%	+0.9%
Jul 2006	28.17%	-10.5%
Apr 2006	31.47%	-1.1%
Jan 2006	31.82%	+3.3%
Oct 2005	30.79%	-1.4%
Jul 2005	31.22%	-2.4%
Apr 2005	31.98%	+4.4%
Jan 2005	30.64%	-1.6%
Oct 2004	31.14%	-1.5%
Jul 2004	31.62%	-11.5%
Apr 2004	35.71%	+1.9%
Jan 2004	35.05%	+1.2%
Oct 2003	34.62%	+0.9%
Jul 2003	34.32%	+5.4%
Apr 2003	32.57%	+1.4%
Jan 2003	32.12%	-4.8%
Oct 2002	33.75%	+65.8%
Jul 2002	20.35%	-41.2%
Apr 2002	34.60%	+5.4%
Jan 2002	32.82%	+14.4%
Oct 2001	28.69%	-15.7%
Jul 2001	34.04%	-1.4%
Apr 2001	34.51%	-2.2%
Jan 2001	35.27%	+6.5%
Oct 2000	33.11%	+0.1%
Jul 2000	33.09%	+7.7%
Apr 2000	30.72%	-4.2%
Jan 2000	32.08%	-1.4%
Oct 1999	32.55%	-1.6%
Jul 1999	33.07%	+3.1%
Apr 1999	32.07%	+5.3%
Jan 1999	30.45%	+5.5%
Oct 1998	28.86%	-14.7%
Jul 1998	33.83%	-3.9%
Apr 1998	35.19%	+9.8%
Jan 1998	32.04%	-4.6%
Oct 1997	33.60%	-1.5%
Jul 1997	34.12%	+12.5%
Apr 1997	30.32%	-3.7%
Jan 1997	31.47%	-0.8%
Oct 1996	31.73%	+1.5%
Jul 1996	31.27%	+7.9%
Apr 1996	28.98%	-5.2%
Jan 1996	30.57%	+2.6%
Oct 1995	29.79%	+5.6%
Jul 1995	28.22%	+13.7%
Apr 1995	24.83%	-2.6%
Jan 1995	25.50%	0.0%
Oct 1994	25.50%	+4.8%
Jul 1994	24.34%	-4.0%
Apr 1994	25.35%	+0.4%
Jan 1994	25.25%	-0.0%
Oct 1993	25.26%	+29.3%
Jul 1993	19.53%	-18.3%
Apr 1993	23.89%	+3.6%
Jan 1993	23.07%	+10.6%
Oct 1992	20.86%	-1.6%
Jul 1992	21.19%	-2.8%
Apr 1992	21.79%	+8.6%
Jan 1992	20.07%	-4.1%
Oct 1991	20.93%	+1.1%
Jul 1991	20.70%	-3.6%
Apr 1991	21.47%	+6.8%
Jan 1991	20.10%	+16.3%
Oct 1990	17.28%	-9.3%
Jul 1990	19.06%	-3.6%
Apr 1990	19.77%	-0.3%
Jan 1990	19.82%	-0.9%
Oct 1989	19.99%	+109.6%
Apr 1989	-209.25%	-18.5%
Apr 1988	-176.53%	-0.6%
Apr 1987	-175.40%	+9.5%
Apr 1986	-193.88%	+36.3%
Apr 1985	-304.52%	-38.7%
Apr 1984	-219.62%	-

FAQ

What is the current quarterly operating margin of MDT?: As of today, MDT quarterly operating margin is 20.22%
What is MDT quarterly operating margin most recent change?: MDT quarterly operating margin was down -3.58% on July 31, 2026
What is 1-year change in MDT quarterly operating margin?: MDT quarterly operating margin is up +14.37% year-over-year
How far is MDT quarterly operating margin from its all-time high?: MDT quarterly operating margin is currently -43.38% below its historical high of 35.71% set on April 30, 2004
How does MDT quarterly operating margin rank versus sector peers?: MDT quarterly operating margin is higher than 88.24% of companies in Healthcare sector
When is MDT next earnings release?: The next earnings release for MDT is on November 17, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

MDT Official Website www.medtronic.com
MDT Profile on Yahoo Finance finance.yahoo.com/quote/MDT
MDT Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/mdt