Medtronic (MIL:1MDT) Total Operating Expense: €14,385 Mil (TTM As of Apr. 2026)


MIL:1MDT Medtronic PLC MIL:1MDT
56 GF Score
Price €72.08
GF Value €84.34
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Medtronic Total Operating Expense?

Medtronic MIL:1MDT -2.54% 56 Total Operating Expense is €14,385 Mil as of Apr. 2026. GuruFocus rates MIL:1MDT with a GF Score™ of 56/100 and a GF Value™ of €84.34 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Medtronic's Total Operating Expense for the three months ended in Apr. 2026 was €3,759 Mil. Medtronic's Total Operating Expense for the trailing twelve months (TTM) ended in Apr. 2026 was €14,385 Mil.

Medtronic Total Operating Expense Related Terms

Medtronic Total Operating Expense Historical Data

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The historical data trend for Medtronic's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Medtronic Total Operating Expense Chart

Medtronic Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14,476.16 13,386.34 14,565.30 13,674.85 14,376.83

Medtronic Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,544.87 3,480.28 3,611.24 3,535.05 3,758.58
MIL:1MDT
56GF Score
Medtronic PLC MIL:1MDT
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Medtronic Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €14,385 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of €14,385 Mil mean?
Medtronic (MIL:1MDT) has a Total Operating Expense of €14,385 Mil as of Apr. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Medtronic and its competitors.
Is Medtronic's Total Operating Expense too high?
Medtronic's current Total Operating Expense is €14,385 Mil. Overall, Medtronic has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Medtronic's Total Operating Expense compare to SYK and BSX?
Medtronic's Total Operating Expense of €14,385 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Medical Devices & Instruments company?
A good Total Operating Expense depends on the Medical Devices & Instruments industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Medtronic and its competitors. Medtronic's current Total Operating Expense is €14,385 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medtronic stock overvalued right now?
Based on GuruFocus' analysis, Medtronic (MIL:1MDT) is currently considered Modestly Undervalued. The stock's GF Value™ is €84.34, compared to a current price of €72.08 — trading 14.5% below its estimated fair value. The current Total Operating Expense is €14,385 Mil. Medtronic's overall GF Score™ is 56/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Medtronic (MIL:1MDT), the current Total Operating Expense is €14,385 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Medtronic (MIL:1MDT) Overvalued in 2026?

Based on GuruFocus' analysis, Medtronic stock appears to be undervalued. The current stock price of €72.08 is trading 14.5% below its estimated GF Value™ of €84.34. GuruFocus considers Medtronic to be Modestly Undervalued.

Key valuation signals for MIL:1MDT:

  • Total Operating Expense: €14,385 Mil
  • GF Value™: €84.34 vs. price of €72.08 (14.5% below fair value)
  • GF Score™: 56/100 with 3 warning signs

No single metric tells the full story. See the MIL:1MDT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Medtronic Business Description

Address Parkmore Business Park West, Building Two, Galway, IRL
One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, transcatheter heart valves, stents, spinal fixation devices, neurovascular products, advanced energy, ablation laser therapy, and surgical tools. The company primarily markets its products to healthcare institutions and physicians in the United States, Western Europe, and Japan. Foreign sales account for roughly 50% of the company's total sales.
56GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€72.08
Price
€84.34
GF Value