Medtronic (MDT) Non-Current Deferred Tax Liability (2015 - 2026)
Medtronic's Non-Current Deferred Tax Liability was $349 million in fiscal Q1 2027 (quarter ended Jul 31, 2026), down 16.1% from $416 million a year earlier and down 3.6% from the prior quarter.
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Analysis
Medtronic (MDT) Non-Current Deferred Tax Liability (2015 - 2026) Analysis & Trends
At the end of FY2026 (ended Apr 24, 2026), Non-Current Deferred Tax Liability at Medtronic came in at $362 million, down 10.2% from FY2025.
- Non-Current Deferred Tax Liability has now declined for 11 consecutive fiscal years, with a five-year compound annual growth rate of -18.8% (FY2021 to FY2026).
- In earlier fiscal years, Non-Current Deferred Tax Liability was $403 million in FY2025 (-21.7%), $515 million in FY2024 (-27.3%), $708 million in FY2023 (-19.9%) and $884 million in FY2022 (-14.0%).
- The fiscal Q1 2027 figure marks the lowest quarterly Non-Current Deferred Tax Liability in data going back to fiscal Q4 2014.
- Compared with a year earlier, Non-Current Deferred Tax Liability has declined for 27 straight quarters, with an average decline of 19.9% over the last eight quarters.
- The year-over-year decline in Non-Current Deferred Tax Liability has ranged between 10.2% (fiscal Q4 2026) and 31.0% (fiscal Q2 2025) over the last five years.
- Per Business Quant data, MDT's Non-Current Deferred Tax Liability in the three fiscal quarters before Q1 2027 was $362 million (Q4 2026), $365 million (Q3 2026) and $386 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn |
| 10 | Agilent Technologies | 50.15 Bn | 43.04 Bn | 1.04 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 349.00 Mn |
| Apr 24, 2026 | 362.00 Mn |
| Oct 24, 2025 | 386.00 Mn |
| Jul 25, 2025 | 416.00 Mn |
| Oct 25, 2024 | 473.00 Mn |
| Jul 26, 2024 | 496.00 Mn |
| Oct 27, 2023 | 686.00 Mn |
| Jul 28, 2023 | 687.00 Mn |
| Oct 28, 2022 | 871.00 Mn |
| Jul 29, 2022 | 899.00 Mn |
| Oct 29, 2021 | 1.02 Bn |
| Jul 30, 2021 | 1.05 Bn |
| Oct 30, 2020 | 1.25 Bn |
| Jul 31, 2020 | 1.23 Bn |
| Apr 24, 2020 | 1.17 Bn |
| Oct 25, 2019 | 1.38 Bn |
| Jul 26, 2019 | 1.35 Bn |
| Apr 26, 2019 | 1.28 Bn |
| Oct 26, 2018 | 1.33 Bn |
| Jul 27, 2018 | 1.35 Bn |
API Access
Medtronic Non-Current Deferred Tax Liability API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-deferred-tax-liability&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-deferred-tax-liability&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();