Medtronic Gross Margin 2010-2024 | MDT
- Medtronic average gross margin for 2023 was 65.8%, a 2.76% decline from 2022.
- Medtronic average gross margin for 2022 was 67.67%, a 2.94% decline from 2021.
- Medtronic average gross margin for 2021 was 65.74%, a 1.41% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.