• Medtronic average pre-tax profit margin for 2023 was 17.32%, a 2.91% decline from 2022.
• Medtronic average pre-tax profit margin for 2022 was 17.84%, a 39.38% decline from 2021.
• Medtronic average pre-tax profit margin for 2021 was 12.8%, a 5.33% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.