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Medtronic Plc  (MDT)
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MDT's Operating Income Growth by Quarter and Year

Medtronic Plc's Operating Income results by quarter and year




MDT Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter April - 1,564.00 1,671.00 1,604.00
III Quarter January 1,483.00 1,392.00 1,659.00 1,277.00
II Quarter October 1,340.00 1,404.00 1,563.00 930.00
I Quarter July 1,268.00 1,125.00 859.00 673.00
FY   4,091.00 5,485.00 5,752.00 4,484.00



MDT Operating Income third quarter 2024 Y/Y Growth Comment
Medtronic Plc reported Operating Income growth of 6.54% year on year in the third quarter 2024, to $ 1,483.00 millions, this is lower than Medtronic Plc's recent average Operating Income growth of 7.38%.

Looking into third quarter 2024 results within Medical Equipment & Supplies industry 26 other companies have achieved higher Operating Income growth. While Medtronic Plc' s Operating Income increase of 6.54% ranks overall at the positon no. 795 in the third quarter 2024.

Explain Operating Income growth


MDT Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter April - -6.4 % 4.18 % 407.59 %
III Quarter January 6.54 % -16.09 % 29.91 % -22.09 %
II Quarter October -4.56 % -10.17 % 68.06 % -31.16 %
I Quarter July 12.71 % 30.97 % 27.64 % -54.68 %
FY   - -4.64 % 28.28 % -6.41 %

Financial Statements
Medtronic Plc's third quarter 2024 Operating Income $ 1,483.00 millions MDT's Income Statement
Medtronic Plc's third quarter 2023 Operating Income $ 1,392.00 millions Quarterly MDT's Income Statement
New: More MDT's historic Operating Income Growth >>


MDT Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter April - 12.36 % 0.72 % 25.61 %
III Quarter January 10.67 % -0.85 % 6.14 % 37.31 %
II Quarter October 5.68 % 24.8 % 81.96 % 38.19 %
I Quarter July -18.93 % -32.68 % -46.45 % 112.97 %
FY (Year on Year)   - -4.64 % 28.28 % -6.41 %




Operating Income third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry #27
Healthcare Sector #60
Overall #795

Operating Income Y/Y Growth Statistics
High Average Low
82.31 % 7.38 % -50.23 %
(July 26. 2010)   (Jan 29 2021)
Operating Income third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry #27
Healthcare Sector #60
Overall #795
Operating Income Y/Y Growth Statistics
High Average Low
82.31 % 7.38 % -50.23 %
(July 26. 2010)   (Jan 29 2021)

Operating Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Medtronic Plc's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
388.16 % 11.5 % -80.72 %
(April 26. 2008)  


MDT's III. Quarter Q/Q Operating Income Comment
Medtronic Plc achieved in the III. Quarter 2024 below company average Operating Income rise of 10.67% quarter on quarter, to $ 1,483.00 millions.

III. Quarter 2024 results appear to be contradictory, albeit lower than the regular increase of 11.5 %, yet it demonstrates a quite recovery measured to the -0.85% in the III. Quarter a year ago Isabel Reed, an industry consultant mentioned.

Within Medical Equipment & Supplies industry 19 other companies have achieved higher Operating Income quarter on quarter growth. While Medtronic Plc's Operating Income growth quarter on quarter, overall rank is 425.


Operating Income Q/Q Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry #20
Healthcare Sector #39
Overall #425
Operating Income Q/Q Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry #20
Healthcare Sector #39
Overall #425
Operating Income Q/Q Growth Statistics
High Average Low
388.16 % 11.5 % -80.72 %
(April 26. 2008)  


MDT's III. Quarter Q/Q Operating Income Comment
Medtronic Plc achieved in the III. Quarter 2024 below company average Operating Income rise of 10.67% quarter on quarter, to $ 1,483.00 millions.

Even if the III. Quarter 2024 performance was below the regular , that was yet encouraging news, as the III. Quarter expension, eclipses the -0.85% rise in the III. Quarter 2023

Within Medical Equipment & Supplies industry 19 other companies have achieved higher Operating Income quarter on quarter growth. While Medtronic Plc's Operating Income growth quarter on quarter, overall rank is 425.


Medtronic Plc's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Jan 26 2024)
12 Months Ending
(Oct 27 2023)
12 Months Ending
(Jul 28 2023)
12 Months Ending
(Apr 28 2023)
12 Months Ending
(Jan 27 2023)
Cumulative Operating Income 12 Months Ending $ 5,655.00 $ 5,564.00 $ 5,628.00 $ 5,485.00 $ 5,592.00
Y / Y Operating Income Growth (TTM) 1.13 % -5.03 % -6.48 % -4.64 % -1.64 %
Year on Year Operating Income Growth Overall Ranking # 751 # 892 # 623 # 676 # 231
Seqeuential Operating Income Change (TTM) 1.64 % -1.14 % 2.61 % -1.91 % -4.56 %
Seq. Operating Income Growth (TTM) Overall Ranking # 795 # 1221 # 1106 # 1209 # 872




Cumulative Operating Income growth Comment
Although Medtronic Plc's Annual Operating Income growth year on year were below company's average 7.38% , Operating Income announced in the Jan 26 2024 period, show improvement in Operating Income trend, to cumulative trailing twelve month growth of 1.13% year on year, from -5.03% in Oct 27 2023.

In the Healthcare sector 56 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 751, from total ranking in previous quarter at 892.

Operating Income TTM Q/Q Growth Statistics
High Average Low
82.31 %
7.38 %
-50.23 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 27
Healthcare Sector # 57
Overall # 751

Operating Income TTM Y/Y Growth Statistics
High Average Low
82.31 %
7.38 %
-50.23 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 27
Sector # 60
S&P 500 # 795
Cumulative Operating Income growth Comment
Although Medtronic Plc's Annual Operating Income growth year on year were below company's average 7.38% , Operating Income announced in the Jan 26 2024 period, show improvement in Operating Income trend, to cumulative trailing twelve month growth of 1.13% year on year, from -5.03% in Oct 27 2023.

In the Healthcare sector 56 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 751, from total ranking in previous quarter at 892.

Operating Income TTM Q/Q Growth Statistics
High Average Low
82.31 %
7.38 %
-50.23 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 27
Healthcare Sector # 57
Overall # 751

Operating Income TTM Y/Y Growth Statistics
High Average Low
82.31 %
7.38 %
-50.23 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 27
Sector # 60
S&P 500 # 795




Other Operating Income Growth
Medical Equipment & Supplies Industry Operating Income Growth Trends and Statistics
Healthcare Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
MDT's Operating Income Growth Ratio versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for MDT's Competitors
Operating Income Growth for Medtronic Plc's Suppliers
Operating Income Growth for MDT's Customers

You may also want to know
MDT's Annual Growth Rates MDT's Profitability Ratios MDT's Asset Turnover Ratio MDT's Dividend Growth
MDT's Roe MDT's Valuation Ratios MDT's Financial Strength Ratios MDT's Dividend Payout Ratio
MDT's Roa MDT's Inventory Turnover Ratio MDT's Growth Rates MDT's Dividend Comparisons



Companies with similar Operating Income rise for the quarter ending Jan 26 2024 within Healthcare SectorY/Y Change %Operating Income for the quarter ending Jan 26 2024
Medtronic Plc6.54%$ 6.537 millions




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