Medtronic (MDT) Deferred Taxes (2014 - 2026)
Medtronic (MDT) reported Deferred Taxes of -$8.0 million for Q2 2026, up 96.6% on a YoY basis from -$4.1 million in Q2 2025, and up 92.08% sequentially from -$101.0 million in Q1 2026.
Medtronic (MDT) Deferred Taxes (2014 - 2026) Analysis & Trends
Medtronic (MDT) has 13 years of Deferred Taxes data on file, last reported at -$8.0 million in Q2 2026.
- For the quarter ending Q2 2026, Deferred Taxes rose 96.6% year-over-year to -$8.0 million; the trailing twelve-month figure through Apr 2026 stood at $51.0 million (up 116.14% YoY), and the FY2026 full-year result was $51.0 million, up 116.14% from the prior year.
- Deferred Taxes climbed to -$8.0 million in Q2 2026, from -$101.0 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $167.0 million in Q3 2025 to a low of -$370.0 million in Q2 2022.
- A 5-year average of -$89.7 million and a median of -$74.0 million in 2022 frame the typical range for Deferred Taxes.
- Across the five-year window, Deferred Taxes soared 108.97% in 2023 and tumbled 1628.57% in 2024, its largest moves.
- Tracing MDT's Deferred Taxes over 5 years: stood at -$74.0 million in 2022, then surged by 51.35% to -$36.0 million in 2023, then gained by 13.89% to -$31.0 million in 2024, then surged by 77.42% to -$7.0 million in 2025, then declined by 14.29% to -$8.0 million in 2026.
- Business Quant data shows MDT's Deferred Taxes at -$8.0 million in Q2 2026, -$101.0 million in Q1 2026, and -$7.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | - |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | -33.00 Mn |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | -8.00 Mn |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | -351.00 Mn |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | -9.40 Mn |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 7.30 Mn |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 51.51 Mn |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | - |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | -16.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | -8.00 Mn |
| Jan 23, 2026 | -101.00 Mn |
| Oct 24, 2025 | -7.00 Mn |
| Jul 25, 2025 | 167.00 Mn |
| Apr 25, 2025 | -235.00 Mn |
| Jan 24, 2025 | -138.00 Mn |
| Oct 25, 2024 | -31.00 Mn |
| Jul 26, 2024 | 88.00 Mn |
| Apr 26, 2024 | -258.00 Mn |
| Jan 26, 2024 | -214.00 Mn |
| Oct 27, 2023 | -36.00 Mn |
| Apr 28, 2023 | -148.00 Mn |
| Jan 27, 2023 | 14.00 Mn |
| Oct 28, 2022 | -74.00 Mn |
| Jul 29, 2022 | -18.00 Mn |
| Apr 29, 2022 | -370.00 Mn |
| Jan 28, 2022 | -156.00 Mn |
| Oct 29, 2021 | -67.00 Mn |
| Jul 30, 2021 | -11.00 Mn |
| Apr 30, 2021 | -214.00 Mn |