Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 18.08% is in line with its 5-year average of 17.81%, around the middle of its 5-year range (12.26%–21.37%).
As of the fiscal period ended Friday, July 31, 2026. 0.24% below its 12-month average of 18.12%.
Reported quarterly operating margin; no daily interpolation. Q1 FY2027 (2026-07-31): 18.08%.
OPERATING MARGIN
18.08%
OPERATING MARGIN AVG TTM
18.12%
OPERATING MARGIN AVG 3Y
17.32%
OPERATING MARGIN AVG 5Y
17.81%
OPERATING MARGIN AVG 10Y
18.39%
OPERATING MARGIN AVG 15Y
20.45%
OPERATING MARGIN AVG 20Y
22.27%
CURRENT VS TTM AVG
-0.24%
CURRENT VS 3Y AVG
+4.42%
CURRENT VS 5Y AVG
+1.49%
CURRENT VS 10Y AVG
-1.67%
CURRENT VS 15Y AVG
-11.57%
CURRENT VS 20Y AVG
-18.80%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+21.34%
vs the sector median at left
Medtronic plc
Market Cap
$120.29B
Operating Margin
18.08%
TTM Avg
18.12%
3Y Avg
17.32%
5Y Avg
17.81%
Market Cap
$110.14B
Operating Margin
22.03%
TTM Avg
20.93%
3Y Avg
20.75%
5Y Avg
21.02%
Market Cap
$130.73B
Operating Margin
28.27%
TTM Avg
24.24%
3Y Avg
21.84%
5Y Avg
19.75%
Market Cap
$130.61B
Operating Margin
38.59%
TTM Avg
18.66%
3Y Avg
31.09%
5Y Avg
34.52%
Market Cap
$135.59B
Operating Margin
31.28%
TTM Avg
28.70%
3Y Avg
26.89%
5Y Avg
27.25%
Market Cap
$104.11B
Operating Margin
1.62%
TTM Avg
1.41%
3Y Avg
1.42%
5Y Avg
1.37%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Medtronic plc (MDT) | $120.29B | 18.08% | 18.12% | 17.32% | 17.81% |
| CVS Health Corp. (CVS)vs › | $118.47B | 2.00% | 2.43% | 2.79% | 3.48% |
| Stryker Corporation (SYK)vs › | $110.14B | 22.03% | 20.93% | 20.75% | 21.02% |
| Bristol-Myers Squibb Company (BMY)vs › | $130.73B | 28.27% | 24.24% | 21.84% | 19.75% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $130.61B | 38.59% | 18.66% | 31.09% | 34.52% |
| Intuitive Surgical, Inc. (ISRG)vs › | $135.59B | 31.28% | 28.70% | 26.89% | 27.25% |
| McKesson Corporation (MCK)vs › | $104.11B | 1.62% | 1.41% | 1.42% | 1.37% |
| Sanofi (SNY)vs › | $102.83B | 14.74% | 18.46% | 19.67% | 22.87% |
| GSK plc (GSK)vs › | $100.69B | 20.72% | 19.17% | 20.63% | 20.79% |
| Danaher Corporation (DHR)vs › | $147.47B | 20.42% | 21.31% | 23.25% | 23.28% |
Gross Margin
66.7%
Operating Margin
18.1%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-07-31 | 18.08% |
| 2026-04-24 | 15.95% |
| 2026-01-23 | 19.66% |
| 2025-10-24 | 18.80% |
| 2025-07-25 | 16.85% |
| 2025-04-25 | 16.09% |
| 2025-01-24 | 19.85% |
| 2024-10-25 | 18.98% |
| 2024-07-26 | 16.15% |
| 2024-04-26 | 12.26% |
| 2024-01-26 | 18.33% |
| 2023-10-27 | 16.78% |
| 2023-07-28 | 16.46% |
| 2023-04-28 | 18.32% |
| 2023-01-27 | 18.01% |
| 2022-10-28 | 18.51% |
| 2022-07-29 | 15.26% |
| 2022-04-29 | 20.66% |
| 2022-01-28 | 21.37% |
| 2021-10-29 | 19.92% |
| 2021-07-30 | 10.75% |
| 2021-04-30 | 19.60% |
| 2021-01-29 | 16.42% |
| 2020-10-30 | 12.16% |
| 2020-07-31 | 10.34% |
| 2020-04-24 | 5.27% |
| 2020-01-24 | 21.24% |
| 2019-10-25 | 17.53% |
| 2019-07-26 | 19.82% |
| 2019-04-26 | 23.89% |
| 2019-01-25 | 20.43% |
| 2018-10-26 | 20.64% |
| 2018-07-27 | 16.74% |
| 2018-04-27 | 23.76% |
| 2018-01-26 | 19.49% |
| 2017-10-27 | 26.87% |
| 2017-07-28 | 18.70% |
| 2017-04-28 | 20.60% |
| 2017-01-27 | 15.75% |
| 2016-10-28 | 18.86% |
| 2016-07-29 | 16.29% |
| 2016-04-29 | 19.89% |
| 2016-01-29 | 19.54% |
| 2015-10-30 | 18.42% |
| 2015-07-31 | 15.55% |
| 2015-04-24 | 13.55% |
| 2015-01-23 | 29.53% |
| 2014-10-31 | 23.59% |
| 2014-07-31 | 25.46% |
| 2014-04-30 | 29.02% |
| 2014-01-31 | 27.98% |
| 2013-10-31 | 27.97% |
| 2013-07-31 | 28.29% |
| 2013-04-30 | 30.70% |
| 2013-01-31 | 28.46% |
| 2012-10-31 | 27.57% |
| 2012-07-31 | 28.09% |
| 2012-04-30 | 37.93% |
| 2012-01-31 | 28.10% |
| 2011-10-31 | 29.55% |
| 2011-07-31 | 28.82% |
| 2011-04-30 | 44.84% |
| 2011-01-31 | 27.27% |
| 2010-10-31 | 28.13% |
| 2010-07-31 | 29.92% |
| 2010-04-30 | 31.34% |
| 2010-01-31 | 26.15% |
| 2009-10-31 | 30.33% |
| 2009-07-31 | 17.52% |
| 2009-04-30 | 21.39% |
| 2009-01-31 | 28.68% |
| 2008-10-31 | 19.30% |
| 2008-07-31 | 28.55% |
| 2008-04-30 | 32.93% |
| 2008-01-31 | 29.34% |
| 2007-10-31 | 28.14% |
| 2007-07-31 | 30.03% |
| 2007-04-30 | 31.46% |
| 2007-01-31 | 30.91% |
| 2006-10-31 | 30.05% |
| 2006-07-31 | 30.45% |
| 2006-04-30 | 33.61% |
| 2006-01-31 | 32.17% |
| 2005-10-31 | 32.26% |
| 2005-07-31 | 33.12% |
| 2005-04-30 | 34.80% |
| 2005-01-31 | 34.37% |
| 2004-10-31 | 33.77% |
| 2004-07-31 | 33.95% |
| 2004-04-30 | 35.71% |
| 2004-01-31 | 35.05% |
| 2003-10-31 | 31.41% |
| 2003-07-31 | 34.32% |
| 2003-04-30 | 35.78% |
| 2003-01-31 | 34.66% |
| 2002-10-31 | 33.75% |
