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
DateValue
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