• Medtronic average net profit margin for 2023 was 12.39%, a 20.27% decline from 2022.
• Medtronic average net profit margin for 2022 was 15.54%, a 25.83% decline from 2021.
• Medtronic average net profit margin for 2021 was 12.35%, a 20.53% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.