Cost of revenue · 2012–2025

Medtronic cost of revenue

$12.7B+9.4% · FY2025

Medtronic (MDT) reported $12.7B in cost of revenue for fiscal 2025, +9.4% year on year.

$4.1B2012$4.3B2013$6.3B2014$9.1B2015$9.3B2016$9.1B2017$9.2B2018$9.4B2019$10.5B2020$10.1B2021$10.7B2022$11.2B2023$11.6B2024$12.7B2025
Medtronic — Cost of revenue, 2012–2025
Fiscal yearCost of revenueChangeFiling
FY20252026-04-24$12.7B+9.4%Open →
FY20242025-04-25$11.6B+3.7%Open →
FY20232024-04-26$11.2B+4.6%Open →
FY20222023-04-28$10.7B+5.7%Open →
FY20212022-04-29$10.1B−3.2%Open →
FY20202021-04-30$10.5B+11.2%Open →
FY20192020-04-24$9.4B+2.9%Open →
FY20182019-04-26$9.2B+1.0%Open →
FY20172018-04-27$9.1B−2.4%Open →
FY20162017-04-28$9.3B+1.7%Open →
FY20152016-04-29$9.1B+44.9%Open →
FY20142015-04-24$6.3B+45.6%Open →
FY20132014-04-25$4.3B+5.0%Open →
FY20122013-04-26$4.1B—Open →

Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2012–2025 compound annual growth +9.0%

Cost of revenue at companies of similar size

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Medtronic cost of revenue |url=https://companiesranked.com/en/company/medtronic/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Medtronic cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/medtronic/cost-of-revenue

BibTeX

@misc{companiesranked-en-company-medtronic-cost-of-revenue-2026,
  author       = {{CompaniesRanked}},
  title        = {{Medtronic cost of revenue}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/medtronic/cost-of-revenue}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001628280-26-044354 · June 18, 2026

{{cite web |title=Medtronic cost of revenue — 10-K (0001628280-26-044354) |url=https://www.sec.gov/Archives/edgar/data/1613103/000162828026044354/mdt-20260424.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-06-18}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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