R&D expense · 2012–2025
Medtronic R&D expense
$2.9B+5.2% · FY2025
Medtronic (MDT) reported $2.9B in R&D expense for fiscal 2025, +5.2% year on year.
| Fiscal year | R&D expense | Change | Filing |
|---|---|---|---|
| FY20252026-04-24 | $2.9B | +5.2% | Open → |
| FY20242025-04-25 | $2.7B | −0.1% | Open → |
| FY20232024-04-26 | $2.7B | +1.4% | Open → |
| FY20222023-04-28 | $2.7B | −1.8% | Open → |
| FY20212022-04-29 | $2.7B | +10.1% | Open → |
| FY20202021-04-30 | $2.5B | +6.9% | Open → |
| FY20192020-04-24 | $2.3B | +0.0% | Open → |
| FY20182019-04-26 | $2.3B | +3.3% | Open → |
| FY20172018-04-27 | $2.3B | +2.9% | Open → |
| FY20162017-04-28 | $2.2B | −1.4% | Open → |
| FY20152016-04-29 | $2.2B | +35.6% | Open → |
| FY20142015-04-24 | $1.6B | +11.0% | Open → |
| FY20132014-04-25 | $1.5B | −5.1% | Open → |
| FY20122013-04-26 | $1.6B | — | Open → |
R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2012–2025 compound annual growth +4.8%
R&D expense at companies of similar size
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Medtronic R&D expense |url=https://companiesranked.com/en/company/medtronic/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Medtronic R&D expense. CompaniesRanked. https://companiesranked.com/en/company/medtronic/research-and-development-expenseBibTeX
@misc{companiesranked-en-company-medtronic-research-and-development-expense-2026,
author = {{CompaniesRanked}},
title = {{Medtronic R\&D expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/medtronic/research-and-development-expense}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001628280-26-044354 · June 18, 2026
{{cite web |title=Medtronic R&D expense — 10-K (0001628280-26-044354) |url=https://www.sec.gov/Archives/edgar/data/1613103/000162828026044354/mdt-20260424.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-06-18}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.