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

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

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.