Medtronic (MDT) Deferred Taxes (2014 - 2026)
Medtronic (MDT) posted Deferred Taxes of -$8.0 million for Q2 2026, up 92.08% sequentially from -$101.0 million in Q1 2026, and up 96.6% YoY from -$4.1 million in Q2 2025.
Medtronic (MDT) Deferred Taxes (2014 - 2026) Analysis & Trends
Medtronic has reported Deferred Taxes for 13 years, with the latest figure at -$8.0 million in Q2 2026.
- Quarterly Deferred Taxes rose 96.6% year-over-year to -$8.0 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $51.0 million (up 116.14% YoY) and the FY2026 annual result came in at $51.0 million, up 116.14% from the prior year.
- Deferred Taxes climbed to -$8.0 million in Q2 2026 per MDT's latest filing, from -$101.0 million in the prior quarter.
- Over five years, Deferred Taxes peaked at $167.0 million in Q3 2025 and troughed at -$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.
- The sharpest annual moves came in 2023 and 2024: Deferred Taxes surged 108.97% in 2023, then sank 1628.57% in 2024.
- Over 5 years, Deferred Taxes stood at -$74.0 million in 2022, then surged by 51.35% to -$36.0 million in 2023, then grew by 13.89% to -$31.0 million in 2024, then surged by 77.42% to -$7.0 million in 2025, then decreased by 14.29% to -$8.0 million in 2026.
- According to Business Quant data, Deferred Taxes over the past three periods registered -$8.0 million, -$101.0 million, and -$7.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.20 Bn | 194.60 Bn | 7.27 Bn | - |
| 2 | Stryker | 129.69 Bn | 126.21 Bn | 4.50 Bn | 107.00 Mn |
| 3 | Medtronic | 120.14 Bn | 110.92 Bn | 6.41 Bn | -8.00 Mn |
| 4 | Boston Scientific | 74.16 Bn | 73.62 Bn | 3.85 Bn | 17.00 Mn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.43 Bn | 1.35 Bn | -181.30 Mn |
| 6 | Dexcom | 34.57 Bn | 32.62 Bn | 830.00 Mn | -300,000.00 |
| 7 | GE HealthCare Technologies | 34.09 Bn | 31.98 Bn | 2.18 Bn | - |
| 8 | Koninklijke Philips | 26.49 Bn | 23.17 Bn | 4.55 Bn | 235.96 Mn |
| 9 | Steris | 23.19 Bn | 22.70 Bn | 684.20 Mn | 600,000.00 |
| 10 | Zimmer Biomet Holdings | 19.36 Bn | 18.95 Bn | 1.54 Bn | - |
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 |