Medtronic (MDT) Current Taxes (2014 - 2026)
Medtronic (MDT) reported Current Taxes of $914.0 million for Q2 2026, down 32.7% on a YoY basis from $1.4 billion in Q2 2025, and up 40.62% sequentially from $650.0 million in Q1 2026.
Medtronic (MDT) Current Taxes (2014 - 2026) Analysis & Trends
Medtronic (MDT) has 13 years of Current Taxes data on file, last reported at $914.0 million in Q2 2026.
- For the quarter ending Q2 2026, Current Taxes fell 32.7% year-over-year to $914.0 million; the trailing twelve-month figure through Apr 2026 stood at $914.0 million (down 32.7% YoY), and the FY2026 full-year result was $914.0 million, down 32.7% from the prior year.
- Current Taxes climbed to $914.0 million in Q2 2026, 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.
- A 5-year average of $886.9 million and a median of $923.5 million in 2025 frame the typical range for Current Taxes.
- Across the five-year window, Current Taxes jumped 84.52% in 2023 and tumbled 42.22% in 2026, its largest moves.
- Tracing MDT's Current Taxes over 5 years: stood at $651.0 million in 2022, then surged by 67.13% to $1.1 billion in 2023, then retreated by 12.96% to $947.0 million in 2024, then slumped by 31.36% to $650.0 million in 2025, then jumped by 40.62% to $914.0 million in 2026.
- Business Quant data shows MDT's Current Taxes at $914.0 million in Q2 2026, $650.0 million in Q1 2026, and $650.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 598.00 Mn |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 476.00 Mn |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 914.00 Mn |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | - |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | - |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | - |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 231.81 Mn |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | - |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | 194.00 Mn |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 28.60 Mn |
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 |