Medtronic (MDT) Current Taxes (2014 - 2026)
Medtronic (MDT) posted Current Taxes of $914.0 million for Q2 2026, up 40.62% sequentially from $650.0 million in Q1 2026, and down 32.7% YoY from $1.4 billion in Q2 2025.
Medtronic (MDT) Current Taxes (2014 - 2026) Analysis & Trends
Medtronic has reported Current Taxes for 13 years, with the latest figure at $914.0 million in Q2 2026.
- Quarterly Current Taxes fell 32.7% year-over-year to $914.0 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $914.0 million (down 32.7% YoY) and the FY2026 annual result came in at $914.0 million, down 32.7% from the prior year.
- Current Taxes climbed to $914.0 million in Q2 2026 per MDT's latest filing, from $650.0 million in the prior quarter.
- Over five years, Current Taxes peaked at $1.4 billion in Q2 2025 and troughed at $383.0 million in Q1 2022.
- A 5-year average of $886.9 million and a median of $923.5 million in 2025 frame the typical range for Current Taxes.
- The sharpest annual moves came in 2023 and 2026: Current Taxes soared 84.52% in 2023, then sank 42.22% in 2026.
- Over 5 years, Current Taxes stood at $651.0 million in 2022, then surged by 67.13% to $1.1 billion in 2023, then dropped by 12.96% to $947.0 million in 2024, then sank by 31.36% to $650.0 million in 2025, then jumped by 40.62% to $914.0 million in 2026.
- According to Business Quant data, Current Taxes over the past three periods registered $914.0 million, $650.0 million, and $650.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.12 Bn | 193.52 Bn | 7.27 Bn | 411.00 Mn |
| 2 | Stryker | 128.79 Bn | 125.32 Bn | 4.50 Bn | 224.00 Mn |
| 3 | Medtronic | 119.30 Bn | 110.08 Bn | 6.41 Bn | 914.00 Mn |
| 4 | Boston Scientific | 73.50 Bn | 72.96 Bn | 3.85 Bn | - |
| 5 | Edwards Lifesciences | 52.11 Bn | 47.86 Bn | 1.35 Bn | - |
| 6 | Dexcom | 34.62 Bn | 32.67 Bn | 830.00 Mn | - |
| 7 | GE HealthCare Technologies | 34.05 Bn | 31.94 Bn | 2.18 Bn | - |
| 8 | Koninklijke Philips | 26.42 Bn | 23.10 Bn | 4.55 Bn | 195.28 Mn |
| 9 | Steris | 23.15 Bn | 22.67 Bn | 684.20 Mn | 86.50 Mn |
| 10 | Zimmer Biomet Holdings | 19.32 Bn | 18.91 Bn | 1.54 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 914.00 Mn |
| Jan 23, 2026 | 650.00 Mn |
| Oct 24, 2025 | 650.00 Mn |
| Jul 25, 2025 | 933.00 Mn |
| Apr 25, 2025 | 1.36 Bn |
| Jan 24, 2025 | 1.13 Bn |
| Oct 25, 2024 | 947.00 Mn |
| Jul 26, 2024 | 1.06 Bn |
| Apr 26, 2024 | 1.33 Bn |
| Jan 26, 2024 | 1.11 Bn |
| Oct 27, 2023 | 1.09 Bn |
| Jul 28, 2023 | 1.01 Bn |
| Apr 28, 2023 | 840.00 Mn |
| Jan 27, 2023 | 657.00 Mn |
| Oct 28, 2022 | 651.00 Mn |
| Jul 29, 2022 | 549.00 Mn |
| Apr 29, 2022 | 704.00 Mn |
| Jan 28, 2022 | 383.00 Mn |
| Oct 29, 2021 | 467.00 Mn |
| Jul 30, 2021 | 341.00 Mn |