Company / Operating Income
Medtronic Operating Income History
FY2017-FY2026 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$5.1B
FY2026
5-year range
$4.5B / $6.0B
FY2022-FY2026
Trend
-6.2%
vs FY2025
Sector context
#6 of 156
Health Care
What the data says
Among 156 Health Care companies, Medtronic is in the top 4% for operating income. Operating Income has fluctuated over the past 10 years, ranging from $4.5B in FY2023 to $6.6B in FY2017.
Based on SEC 10-K filings.
$5.1B in FY2026 with a 5-year CAGR of -3.9%. Top quartile in the Health Care sector.
Declined from $6.0B to $5.1B over the past 2 years.
Health Care sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +4.7%
- 5-Year CAGR
- -3.9%
- 10-Year CAGR
- -
Sector benchmark
Top 4% in Health CareTop 4% of 156This company $5.1B Sector average $733.1M
▼
+601.7% above sector average
Key checks
Key Insights
- 5-year CAGR of -3.9%, indicating a declining trend.
- In FY2026, operating income decreased 6.2% year-over-year.
- Ranks #6 out of 156 companies in the Health Care sector.
- Peak operating income was recorded in FY2017.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2026 | $5.1B | -6.2% |
| FY2025 | $5.5B | -7.9% |
| FY2024 | $6.0B | +32.8% |
| FY2023 | $4.5B | -6.4% |
| FY2022 | $4.8B | -23.6% |
| FY2021 | $6.3B | +39.8% |
| FY2020 | $4.5B | -6.4% |
| FY2019 | $4.8B | -23.6% |
| FY2018 | $6.3B | -5.6% |
| FY2017 | $6.6B | +23.4% |
As of FY2026 · SEC 10-K · Updated Jun 30, 2026