Medtronic (MDT) CEO pay: $22.5M actually paid in FY2026
$MDT · Medtronic plcData through FY2026 — latest proxy filed 2026-08-17, checked for new filings 2026-08-19. Every number links to its source.
5.8× the tracked-company median CEO pay ($3.9M).
Pay vs. Performance (Compensation Actually Paid)
What the CEO was actually paid, by fiscal year
What $100 invested was worth, company vs peer group
Pay by CEO — and how the company did on their watch
Item 402(v) reports CEO pay per person, so each row below is one CEO's own disclosed pay next to the company's performance over the same years. A CEO is counted as serving a year when the filing reports a non-zero amount for them. MDT discloses 5 CEOs across this window.
| CEO | Years | Pay actually earned, total | $100 over their tenure | Net income |
|---|---|---|---|---|
| Geoff Martha | FY2021–FY2026 | $96.6M | $134.80 → $74.09 | $3.61B → $4.80B |
| Martha | FY2021–FY2025 | $74.1M | $134.80 → $97.82 | $3.61B → $4.66B |
| Other NE Os | FY2021–FY2023 | $17.7M | $134.80 → $98.97 | $3.61B → $3.76B |
| Ishrak | FY2021 | $16.2M | $134.80 | $3.61B |
| Omar Ishrak | FY2021 | $16.2M | $134.80 | $3.61B |
Pay-vs-performance disclosure began with FY2022 filings, so this window reaches back 6 fiscal years — there is no earlier CEO pay in the SEC's structured data.
Pay-vs-Performance table
| FY | CEO pay on paper | CEO pay actually earned | Other top execs (avg) | Value of $100 invested since FY2021 | Same, peer group since FY2021 | Net income |
|---|---|---|---|---|---|---|
| 2026 | $22.9M | $22.5M | $7.2M | $74.09 | $97.45 | $4.80B |
| 2025 | $21.2M | $26.1M | $4.2M | $97.82 | $148.62 | $4.66B |
| 2024 | $20.1M | $11.1M | $4.9M | $89.66 | $135.04 | $3.68B |
| 2023 | $15.4M | $3.3M | $843,886 | $98.97 | $131.43 | $3.76B |
| 2022 | $17.9M | $3.0M | $2.9M | $109.87 | $123.71 | $5.04B |
| 2021 | $17.5M | $30.7M | $13.9M | $134.80 | $132.61 | $3.61B |
Frequently asked
How much did Geoff Martha make in 2026?
$22,452,995 in Compensation Actually Paid (CAP) as Medtronic plc's CEO, updated 2026-08-17.
What is pay vs. performance (PvP)?
An SEC disclosure (Item 402(v), required since FY2022) linking named-executive pay to company total shareholder return (TSR) over up to 5 years.
What is Compensation Actually Paid (CAP)?
CAP starts from the Summary Compensation Table total and adjusts equity awards to fair value as of each year-end/vesting date, rather than grant-date value — see the glossary entry for the full walk-through.
Also on MDT: SEC & DOJ enforcement actions · CEO track-record ranking · Glossary