Medtronic plc Annual Operating Margin in % from 2016 to 2023

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
Medtronic plc quarterly/annual Operating Margin history and growth rate from 2016 to 2023.
  • Medtronic plc Operating Margin for the quarter ending January 24, 2025 was 16.8 %, a 4.06% decline year-over-year.
  • Medtronic plc annual Operating Margin for 2023 was 15.9 %, a 9.51% decline from 2022.
  • Medtronic plc annual Operating Margin for 2022 was 17.6 %, a 3.25% decline from 2021.
  • Medtronic plc annual Operating Margin for 2021 was 18.2 %, a 21.9% increase from 2020.
Operating Margin, Annual (%)
Operating Margin, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 15.9 -1.67 -9.51% Apr 29, 2023 Apr 26, 2024
2022 17.6 -0.59 -3.25% Apr 30, 2022 Apr 28, 2023
2021 18.2 +3.26 +21.9% May 1, 2021 Apr 29, 2022
2020 14.9 -1.68 -10.1% Apr 25, 2020 Apr 30, 2021
2019 16.6 -3.94 -19.2% Apr 27, 2019 Apr 24, 2020
2018 20.5 -1.66 -7.49% Apr 28, 2018 Apr 26, 2019
2017 22.2 +4.05 +22.4% Apr 29, 2017 Apr 27, 2018
2016 18.1 Apr 30, 2016 Apr 28, 2017
* An asterisk sign (*) next to the value indicates that the value is likely invalid.