Flagship explainer

How Medtronic plc makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$36.4B · 100%Cost of revenue$12.7B · 35%Gross profit$23.6B · 65%Operating income$6.5B · 18%Income before tax$6.1B · 17%Income tax$1.3B · 4%Net income$4.8B · 13%As of 2026-04-24 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$36.4B100%
Cost of revenue$12.7B35%
$23.6B65%
$6.5B18%
Income before tax$6.1B17%
Income tax$1.3B4%
$4.8B13%
Source: · event Apr 24, 2026 · retrieved Oct 16, 2026 · annual-row source set
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