Medtronic plc (MDT) Free Cash Flow by Year

MDT

Medtronic plc generated $5.4B in free cash flow in fiscal year 2026. This represents an increase of 4.6% from the prior fiscal year. Over the trailing 12 months, Q2 FY2026 through Q1 FY2027, the same line adds up to $6.1B in free cash flow. The table below carries 14 fiscal years, from 2013 to 2026, and the quarters Medtronic plc has filed alongside them.

FY2026 annual

Free Cash Flow $5.4B

YoY +4.6%

5Y CAGR +2.1%

10Y CAGR +2.7%

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jul 31, 2026 Reported Sep 3, 2026 Currency USD

Annual figures, oldest first. Point at a bar to read its period.

MDT Free Cash Flow by Fiscal Year

Figures are as reported in USD. Each change compares the year with the year before it, and each column links to the filing it was taken from.

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Free Cash Flow	$6.1B	$5.4B+4.6%	$5.2B-0.3%	$5.2B+13.5%	$4.6B-23.4%	$6.0B+22.4%	$4.9B-18.9%	$6.0B+2.5%	$5.9B+62.4%	$3.6B-35.7%	$5.6B+34.9%	$4.2B-3.7%	$4.3B-5.1%	$4.6B+1.7%	$4.5B

TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings.

MDT Free Cash Flow by Quarter

Figures are as reported in USD. Each change compares the quarter with the same quarter a year earlier.

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Free Cash Flow	$1.3B+120.9%	$2.1B+0.8%	$2.3B+9.7%	$457.0M-17.5%	$584.0M+25.3%	$2.1B-12.0%	$2.1B-1.5%	$554.0M+177.0%	$466.0M-10.6%	$2.4B+12.9%	$2.1B+71.3%	$200.0M-66.6%

What free cash flow means

Free cash flow is the cash operations produced over the period, less what the company spent on property, plant and equipment, so it answers what was left over rather than what was earned on paper.

More Medtronic plc financials

Frequently Asked Questions

What was Medtronic plc's free cash flow in fiscal year 2026?

Medtronic plc generated $5.4B in free cash flow in fiscal year 2026.

How fast is Medtronic plc's free cash flow growing?

Medtronic plc (MDT) free cash flow rose by 4.6% year over year, from $5.2B to $5.4B in fiscal year 2026.

What is Medtronic plc's free cash flow over the last twelve months?

Medtronic plc (MDT) reported $6.1B in free cash flow over the trailing 12 months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings.

How has Medtronic plc's free cash flow changed over the years?

Across the 14 fiscal years this page covers, Medtronic plc (MDT) free cash flow went from $4.5B in fiscal year 2013 to $5.4B in fiscal year 2026.

What was Medtronic plc's free cash flow in the most recent quarter?

Medtronic plc (MDT) reported $1.3B in free cash flow in Q1 2027. This represents an increase of 120.9% from the same quarter a year earlier.

What does free cash flow mean on a financial statement?

Free cash flow is the cash operations produced over the period, less what the company spent on property, plant and equipment, so it answers what was left over rather than what was earned on paper. This page lists what Medtronic plc (MDT) reported on that line in every period on record.