Medtronic PLC (MDT)

Operating profit margin

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Apr 26, 2024	Jan 31, 2024	Jan 26, 2024	Oct 31, 2023	Oct 27, 2023	Jul 31, 2023	Jul 28, 2023	Apr 30, 2023	Apr 28, 2023	Jan 31, 2023	Jan 27, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022	Apr 30, 2022
Operating income (ttm)	US$ in thousands	6,046,000	5,453,000	5,341,000	5,546,000	5,359,000	5,646,000	5,431,000	5,216,000	5,441,000	5,666,000	5,790,000	5,914,000	5,753,000	5,592,000	5,271,000	5,004,000	5,311,000	5,578,000	6,166,000	6,700,000
Revenue (ttm)	US$ in thousands	33,199,000	34,610,000	34,296,000	34,282,000	33,677,000	31,778,000	31,391,000	31,065,000	31,625,000	33,219,000	33,244,000	33,239,000	32,280,000	30,315,000	29,959,000	29,518,000	30,022,000	30,506,000	30,898,000	31,419,000
Operating profit margin		18.21%	15.76%	15.57%	16.18%	15.91%	17.77%	17.30%	16.79%	17.20%	17.06%	17.42%	17.79%	17.82%	18.45%	17.59%	16.95%	17.69%	18.28%	19.96%	21.32%

January 31, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $6,046,000K ÷ $33,199,000K
= 18.21%

Medtronic PLC's operating profit margin fluctuated over the provided timeframe. The margin started at 21.32% in April 2022, before gradually declining to 15.57% by July 2024. There was a slight increase to 18.21% in January 2025. The company may have experienced various factors affecting its operating expenses and revenues during this period. It is essential for management to analyze these fluctuations to ensure long-term profitability and sustainability.