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| Date | Value |
|---|---|
| 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 |