Company / Interest Expense
Medtronic Interest Expense History
FY2017-FY2026 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$597.0M
FY2026
5-year range
$386.0M / $1.1B
FY2022-FY2026
Trend
+54.7%
vs FY2025
Sector context
#6 of 44
Health Care
What the data says
Medtronic's interest expense of $597M is higher than 86% of companies in the Health Care sector (FY2026). Interest Expense returned to growth in FY2026 after 3 years of decline, reaching $597M.
Based on SEC 10-K filings.
$597M in FY2026 with a 5-year CAGR of -16.2%. Top quartile in the Health Care sector.
Improved from $925M to $597M over the past 3 years.
Health Care sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- -13.6%
- 5-Year CAGR
- -16.2%
- 10-Year CAGR
- -
Sector benchmark
Bottom 14% in Health CareTop 86% of 44This company $597.0M Sector average $316.9M
▼
+88.4% above sector average
Key checks
Key Insights
- 5-year CAGR of -16.2%, indicating a declining trend.
- In FY2026, interest expense increased 54.7% year-over-year.
- Ranks #6 out of 44 companies in the Health Care sector.
- Peak interest expense was recorded in FY2021.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2026 | $597.0M | +54.7% |
| FY2025 | $386.0M | - |
| FY2024 | - | - |
| FY2023 | $925.0M | -15.3% |
| FY2022 | $1.1B | -24.4% |
| FY2021 | $1.4B | +56.1% |
| FY2020 | $925.0M | -15.3% |
| FY2019 | $1.1B | -24.4% |
| FY2018 | $1.4B | +26.0% |
| FY2017 | $1.1B | +4.8% |
As of FY2026 · SEC 10-K · Updated Jun 30, 2026