# Medtronic plc (MDT) FY2026 Q1 P&L / Income Statement

- Company: Medtronic plc (MDT)
- Period: 2025-04-26 to 2025-07-25
- Filing: Q1 FY2026 10-Q, filed 2025-08-26, accession number 0001613103-25-000161
- Page: https://plicit.ai/financials/mdt/fy2026-q1-income-statement
- Chart image: https://plicit.ai/charts/mdt-fy2026-q1-income-statement-sankey.png

## Chart details: Revenue by Business Segment

Income statement for 2025-04-26 through 2025-07-25. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 8,578,000,000 US dollars
- **Cost of products sold, excluding amortization of intangible assets**: 3,001,000,000 US dollars
- **Gross profit (calculated)**: 5,577,000,000 US dollars
- **Operating costs, including other operating expenses (calculated)**: 4,133,000,000 US dollars
- **Operating profit**: 1,445,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 143,000,000 US dollars
- **Income before income taxes**: 1,302,000,000 US dollars
- **Income tax provision**: 255,000,000 US dollars
- **Net income**: 1,047,000,000 US dollars
- **Cardiovascular**: 3,285,000,000 US dollars
- **Neuroscience**: 2,416,000,000 US dollars
- **Medical Surgical**: 2,083,000,000 US dollars
- **Diabetes**: 721,000,000 US dollars
- **Other operating segment**: 33,000,000 US dollars
- **Rounding (calculated)**: 1,000,000 US dollars
- **Research and development expense**: 726,000,000 US dollars
- **Selling, general, and administrative expense**: 2,806,000,000 US dollars
- **Amortization of intangible assets**: 459,000,000 US dollars
- **Restructuring charges, net**: 45,000,000 US dollars
- **Certain litigation charges, net**: 27,000,000 US dollars
- **Other operating expense, net**: 70,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 8,539,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Other Adjustments**: 39,000,000 US dollars. Reported reconciliation to consolidated revenue.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to Medtronic plc: $1.04 B; to noncontrolling interests: $7.00 M.
- The amounts that make up operating profit come to $1,444.00 M and operating profit is $1,445.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Geography (3 categories)

- Page: https://plicit.ai/financials/mdt/fy2026-q1-income-statement/revenue-by-geography-3-categories
- Chart image: https://plicit.ai/charts/mdt-fy2026-q1-revenue-by-geography-3-categories-sankey.png

Income statement for 2025-04-26 through 2025-07-25. View: Geography (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 8,578,000,000 US dollars
- **Cost of products sold, excluding amortization of intangible assets**: 3,001,000,000 US dollars
- **Gross profit (calculated)**: 5,577,000,000 US dollars
- **Operating costs, including other operating expenses (calculated)**: 4,133,000,000 US dollars
- **Operating profit**: 1,445,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 143,000,000 US dollars
- **Income before income taxes**: 1,302,000,000 US dollars
- **Income tax provision**: 255,000,000 US dollars
- **Net income**: 1,047,000,000 US dollars
- **UNITED STATES**: 4,224,000,000 US dollars
- **Rest of world**: 4,321,000,000 US dollars
- **IRELAND**: 33,000,000 US dollars
- **Research and development expense**: 726,000,000 US dollars
- **Selling, general, and administrative expense**: 2,806,000,000 US dollars
- **Amortization of intangible assets**: 459,000,000 US dollars
- **Restructuring charges, net**: 45,000,000 US dollars
- **Certain litigation charges, net**: 27,000,000 US dollars
- **Other operating expense, net**: 70,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to Medtronic plc: $1.04 B; to noncontrolling interests: $7.00 M.
- The amounts that make up operating profit come to $1,444.00 M and operating profit is $1,445.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Geography (2 categories)

- Page: https://plicit.ai/financials/mdt/fy2026-q1-income-statement/revenue-by-geography-2-categories
- Chart image: https://plicit.ai/charts/mdt-fy2026-q1-revenue-by-geography-2-categories-sankey.png

Income statement for 2025-04-26 through 2025-07-25. View: Geography (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 8,578,000,000 US dollars
- **Cost of products sold, excluding amortization of intangible assets**: 3,001,000,000 US dollars
- **Gross profit (calculated)**: 5,577,000,000 US dollars
- **Operating costs, including other operating expenses (calculated)**: 4,133,000,000 US dollars
- **Operating profit**: 1,445,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 143,000,000 US dollars
- **Income before income taxes**: 1,302,000,000 US dollars
- **Income tax provision**: 255,000,000 US dollars
- **Net income**: 1,047,000,000 US dollars
- **UNITED STATES**: 4,224,000,000 US dollars
- **International**: 4,354,000,000 US dollars
- **Research and development expense**: 726,000,000 US dollars
- **Selling, general, and administrative expense**: 2,806,000,000 US dollars
- **Amortization of intangible assets**: 459,000,000 US dollars
- **Restructuring charges, net**: 45,000,000 US dollars
- **Certain litigation charges, net**: 27,000,000 US dollars
- **Other operating expense, net**: 70,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to Medtronic plc: $1.04 B; to noncontrolling interests: $7.00 M.
- The amounts that make up operating profit come to $1,444.00 M and operating profit is $1,445.00 M; the $1.00 M difference is within the rounding of the filed amounts.