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Overview

Medtronic plc Financial Statements FY2023-FY2027Q1

Medtronic's income statement and balance sheet, FY2023 through FY2027Q1, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Par… Ledger notes

Financial position

Net worth and the accounts that make it up

Net Worth
Assets plus liabilities over the last 12 months
50,850 MUSD
+778 MUSDfrom previous month
Accounts
Current asset and liability account balances

Money movement

Monthly income and spending by account category

July 2026
Money in
July 2026
+9,756 MUSD
Top sources
Average of up to 3 preceding periods
+12,121.33 MUSD
View all
Money out
July 2026
-8,286 MUSD
Top spending
Average of up to 3 preceding periods
-10,521 MUSD
View all

Recent activity

Posting-aware activity from the journal

Transactions
Newest transactions matching the current dashboard filters

Income vs Expenses

Income vs Expenses
Bar chart comparing total income and expenses for each interval in the selected period.
Period data
PeriodIncomeExpensesNet Profit
2023-04-3031,227 MUSD27,469 MUSD3,758 MUSD
2023-05-31-0 MUSD0 MUSD-0 MUSD
2023-06-30-0 MUSD0 MUSD-0 MUSD
2023-07-31-0 MUSD0 MUSD-0 MUSD
2023-08-31-0 MUSD0 MUSD-0 MUSD
2023-09-30-0 MUSD0 MUSD-0 MUSD
2023-10-31-0 MUSD0 MUSD-0 MUSD
2023-11-30-0 MUSD0 MUSD-0 MUSD
2023-12-31-0 MUSD0 MUSD-0 MUSD
2024-01-31-0 MUSD0 MUSD-0 MUSD
2024-02-29-0 MUSD0 MUSD-0 MUSD
2024-03-31-0 MUSD0 MUSD-0 MUSD
2024-04-3032,364 MUSD28,688 MUSD3,676 MUSD
2024-05-31-0 MUSD0 MUSD-0 MUSD
2024-06-30-0 MUSD0 MUSD-0 MUSD
2024-07-31-0 MUSD0 MUSD-0 MUSD
2024-08-31-0 MUSD0 MUSD-0 MUSD
2024-09-30-0 MUSD0 MUSD-0 MUSD
2024-10-31-0 MUSD0 MUSD-0 MUSD
2024-11-30-0 MUSD0 MUSD-0 MUSD
2024-12-31-0 MUSD0 MUSD-0 MUSD
2025-01-31-0 MUSD0 MUSD-0 MUSD
2025-02-28-0 MUSD0 MUSD-0 MUSD
2025-03-31-0 MUSD0 MUSD-0 MUSD
2025-04-3033,537 MUSD28,875 MUSD4,662 MUSD
2025-05-31-0 MUSD0 MUSD-0 MUSD
2025-06-30-0 MUSD0 MUSD-0 MUSD
2025-07-31-0 MUSD0 MUSD-0 MUSD
2025-08-31-0 MUSD0 MUSD-0 MUSD
2025-09-30-0 MUSD0 MUSD-0 MUSD
2025-10-31-0 MUSD0 MUSD-0 MUSD
2025-11-30-0 MUSD0 MUSD-0 MUSD
2025-12-31-0 MUSD0 MUSD-0 MUSD
2026-01-31-0 MUSD0 MUSD-0 MUSD
2026-02-28-0 MUSD0 MUSD-0 MUSD
2026-03-31-0 MUSD0 MUSD-0 MUSD
2026-04-3036,364 MUSD31,563 MUSD4,801 MUSD
2026-05-31-0 MUSD0 MUSD-0 MUSD
2026-06-30-0 MUSD0 MUSD-0 MUSD
2026-07-319,756 MUSD8,286 MUSD1,470 MUSD

Balance Sheet

Assets Distribution
Visual representation of Medtronic plc Financial Statements FY2023-FY2027Q1 assets composition
Breakdown
AccountAmountShare of total
Assets:NonCurrent:PropertyPlantEquipment7,473 MUSD8.01%
Assets:NonCurrent:Other8,018 MUSD8.59%
Assets:NonCurrent:IntangibleAssets10,238 MUSD10.97%
Assets:NonCurrent:Goodwill43,187 MUSD46.29%
Assets:Current:ShortTermInvestments7,128 MUSD7.64%
Assets:Current:Other2,999 MUSD3.21%
Assets:Current:Inventories6,215 MUSD6.66%
Assets:Current:Cash1,691 MUSD1.81%
Assets:Current:AccountsReceivable6,357 MUSD6.81%
Liabilities Distribution
Visual representation of Medtronic plc Financial Statements FY2023-FY2027Q1 liabilities composition
Breakdown
AccountAmountShare of total
Liabilities:NonCurrent:Other5,040 MUSD11.87%
Liabilities:NonCurrent:LongTermDebt25,617 MUSD60.34%
Liabilities:Current:ShortTermDebt2,536 MUSD5.97%
Liabilities:Current:Other6,568 MUSD15.47%
Liabilities:Current:AccountsPayable2,695 MUSD6.35%

Cash Flow

Cash Flow
Money flow from income sources to expenses and investments

Loading account roles…

README.md

Medtronic plc (MDT) Financial Statements in Beancount — Open Ledger

Medtronic's income statement and balance sheet, FY2023 through FY2027Q1, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/medtronic

Latest analysis: Medtronic FY2027 Q1 Earnings: $9.76B Revenue, a 53-Week Calendar, and Cardiac Ablation at +88%

Key Figures

PeriodPeriod endRevenueNet income
FY20232023-04-2831,2273,758
FY20242024-04-2632,3643,676
FY20252025-04-2533,5374,662
FY20262026-04-2436,3644,801
FY2027Q12026-07-319,7561,470

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end on the last Friday of April (SEC CIK 0001613103); FY2027 is a 53-week year, and FY2027Q1 is its 14-week quarter ended July 31, 2026. FY2023–FY2026 come from Form 10-K filings and FY2027Q1 from the first-quarter earnings release and Form 10-Q. The filing totals in each banner state equity including noncontrolling interests; inventories are carried in Assets:Current:Inventories.

Quick Start

bash
uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

  • Balance sheet — pad / balance directives assert each period-end
    figure against the filing named in that period file's source banner.
  • Income statement — one zero-sum transaction per period: Income
    negative (credit), Expenses positive (debit), with the arithmetic check in
    a comment directly above it.
  • Unit — MUSD; 9,756 MUSD means 9,756 million US dollars.
  • Additional accounts — Assets:Current:Inventories, opened beyond the
    standard chart (see each account's open line in main.bean).

Analysis

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Medtronic plc's publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Medtronic plc; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.