Medline Inc.
For the period ended Jun 27, 2026. Filed Aug 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 27, 2026 · Filed Aug 5, 2026
MDLN$40.91+0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive Income
MEDLINE INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
| Three months ended | Six months ended | |||
|---|---|---|---|---|
| (in millions, except per share amounts) | June 27, 2026 | June 28, 2025 | June 27, 2026 | June 28, 2025 |
| Net sales | $7,685 | $6,886 | $15,037 | $13,530 |
| Cost of goods sold | 5,470 | 4,981 | 10,981 | 9,801 |
| Gross profit | 2,215 | 1,905 | 4,056 | 3,729 |
| Operating expense | ||||
| Selling, general and administrative expenses | 1,295 | 1,073 | 2,523 | 2,143 |
| Amortization of intangible assets | 177 | 176 | 353 | 351 |
| Other operating expenses | 348 | 14 | 363 | 22 |
| Total operating expense | 1,820 | 1,263 | 3,239 | 2,516 |
| Operating income | 395 | 642 | 817 | 1,213 |
| Other expense | ||||
| Interest expense, net | (119) | (223) | (255) | (433) |
| Other loss, net | (42) | — | (41) | — |
| Foreign exchange gain (loss), net | 1 | (60) | 5 | (83) |
| Total other expense | (160) | (283) | (291) | (516) |
| Income before income taxes | 235 | 359 | 526 | 697 |
| Provision for income taxes | 96 | 26 | 148 | 42 |
| Net income | 139 | 333 | 378 | 655 |
| Net income attributable to noncontrolling interests | 79 | — | 189 | — |
| Net income attributable to Medline Inc. | $60 | $333 | $189 | $655 |
| Earnings per share attributable to Medline Inc. | ||||
| Basic | $0.07 | N/A | $0.23 | N/A |
| Diluted | $0.07 | N/A | $0.23 | N/A |
| Weighted-average number of Class A common stock outstanding | ||||
| Basic | 857 | N/A | 838 | N/A |
| Diluted | 861 | N/A | 843 | N/A |
| Other comprehensive (loss) income, net of tax | ||||
| Net unrealized loss on derivative instruments | (9) | (20) | (12) | (50) |
| Currency translation adjustment | (28) | 75 | (39) | 101 |
| Total other comprehensive (loss) income, net of tax | (37) | 55 | (51) | 51 |
| Total comprehensive income | 102 | 388 | 327 | 706 |
| Comprehensive income attributable to noncontrolling interests | 66 | — | 171 | — |
| Comprehensive income attributable to Medline Inc. | $36 | $388 | $156 | $706 |
See notes to unaudited condensed consolidated financial statements.
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