Medtronic (MDT) Tax Provisions (2014 - 2026)
Medtronic (MDT) posted Tax Provisions of $575.0 million for Q2 2026, up 126.38% sequentially from $254.0 million in Q1 2026, and up 188.94% YoY from $199.0 million in Q2 2025.
Medtronic (MDT) Tax Provisions (2014 - 2026) Analysis & Trends
Medtronic has reported Tax Provisions for 13 years, with the latest figure at $575.0 million in Q2 2026.
- Quarterly Tax Provisions rose 188.94% year-over-year to $575.0 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $1.3 billion (up 38.63% YoY) and the FY2026 annual result came in at $1.3 billion, up 38.78% from the prior year.
- Tax Provisions climbed to $575.0 million in Q2 2026 per MDT's latest filing, from $254.0 million in the prior quarter.
- Over five years, Tax Provisions peaked at $959.0 million in Q4 2022 and troughed at $106.0 million in Q1 2022.
- A 5-year average of $286.9 million and a median of $228.5 million in 2024 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2022 and 2023: Tax Provisions jumped 444.89% in 2022, then sank 58.08% in 2023.
- Over 5 years, Tax Provisions stood at $959.0 million in 2022, then slumped by 58.08% to $402.0 million in 2023, then slumped by 30.1% to $281.0 million in 2024, then slipped by 23.49% to $215.0 million in 2025, then soared by 167.44% to $575.0 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $575.0 million, $254.0 million, and $215.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.70 Bn | 194.09 Bn | 7.27 Bn | 596.00 Mn |
| 2 | Stryker | 129.93 Bn | 126.46 Bn | 4.50 Bn | 288.00 Mn |
| 3 | Medtronic | 120.49 Bn | 111.27 Bn | 6.41 Bn | 575.00 Mn |
| 4 | Boston Scientific | 74.60 Bn | 74.06 Bn | 3.85 Bn | 155.00 Mn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.42 Bn | 1.35 Bn | 278.40 Mn |
| 6 | Dexcom | 34.78 Bn | 32.84 Bn | 830.00 Mn | 68.40 Mn |
| 7 | GE HealthCare Technologies | 33.83 Bn | 31.72 Bn | 2.18 Bn | 119.00 Mn |
| 8 | Koninklijke Philips | 26.44 Bn | 23.12 Bn | 4.55 Bn | -185.98 Mn |
| 9 | Steris | 23.18 Bn | 22.69 Bn | 684.20 Mn | 72.50 Mn |
| 10 | Zimmer Biomet Holdings | 19.40 Bn | 18.99 Bn | 1.54 Bn | 55.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 575.00 Mn |
| Jan 23, 2026 | 254.00 Mn |
| Oct 24, 2025 | 215.00 Mn |
| Jul 25, 2025 | 255.00 Mn |
| Apr 25, 2025 | 199.00 Mn |
| Jan 24, 2025 | 237.00 Mn |
| Oct 25, 2024 | 281.00 Mn |
| Jul 26, 2024 | 220.00 Mn |
| Apr 26, 2024 | 197.00 Mn |
| Jan 26, 2024 | 135.00 Mn |
| Oct 27, 2023 | 402.00 Mn |
| Jul 28, 2023 | 400.00 Mn |
| Apr 28, 2023 | 362.00 Mn |
| Jan 27, 2023 | 146.00 Mn |
| Oct 28, 2022 | 959.00 Mn |
| Jul 29, 2022 | 112.00 Mn |
| Apr 29, 2022 | 110.00 Mn |
| Jan 28, 2022 | 106.00 Mn |
| Oct 29, 2021 | 176.00 Mn |
| Jul 30, 2021 | 64.00 Mn |