Medtronic (MDT) Current Taxes (2014 - 2026)

Medtronic's (MDT) quarterly Current Taxes came in at $650.0 million in Q1 2026, down 42.22% year-on-year from $1.1 billion in Q1 2025, and little changed quarter-over-quarter from $650.0 million in Q4 2025.

Medtronic (MDT) Current Taxes (2014 - 2026) Analysis & Trends

Medtronic has disclosed Current Taxes across 13 years of filings, most recently posting $650.0 million for Q1 2026.

  • Current Taxes for Q1 2026 came in at $650.0 million, down 42.22% year-over-year; the trailing twelve-month figure through Jan 2026 was $650.0 million (down 42.22% YoY), and the FY2025 annual result was $1.4 billion, up 2.11% from the prior year.
  • Current Taxes came in at $650.0 million for Q1 2026 at Medtronic, roughly flat from $650.0 million in the prior quarter.
  • In the past five years, Current Taxes ranged from a high of $1.4 billion in Q2 2025 to a low of $383.0 million in Q1 2022.
  • The 5-year median for Current Taxes is $933.0 million (2025), against an average of $885.3 million.
  • Across the five-year window, Current Taxes jumped 84.52% in 2023 and sank 42.22% in 2026, its largest moves.
  • Medtronic's Current Taxes stood at $651.0 million in 2022, then soared by 67.13% to $1.1 billion in 2023, then decreased by 12.96% to $947.0 million in 2024, then sank by 31.36% to $650.0 million in 2025, then changed by 0.0% to $650.0 million in 2026.
  • The last three Current Taxes figures came in at $650.0 million (Q1 2026), $650.0 million (Q4 2025), and $933.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Current Taxes (Qtr)
1 Abbott Laboratories 154.42 Bn 147.76 Bn 6.27 Bn 598.00 Mn
2 Stryker 118.12 Bn 115.25 Bn 3.81 Bn 476.00 Mn
3 Medtronic 101.72 Bn 93.55 Bn 5.76 Bn 650.00 Mn
4 Boston Scientific 67.19 Bn 65.98 Bn 3.61 Bn -
5 Edwards Lifesciences 50.69 Bn 47.02 Bn 1.29 Bn -
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn 231.81 Mn
7 Dexcom 28.09 Bn 26.97 Bn 750.30 Mn -
8 GE HealthCare Technologies 28.08 Bn 26.02 Bn 1.98 Bn -
9 Steris 19.80 Bn 19.37 Bn 697.10 Mn 28.60 Mn
10 Zimmer Biomet Holdings 17.18 Bn 16.77 Bn 1.51 Bn -

Historic Data

Download Data
DateValue
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
Apr 30, 2021 435.00 Mn