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
DateValue
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