Medtronic (MDT) Tax Provisions (2014 - 2026)
Medtronic's (MDT) quarterly Tax Provisions came in at $254.0 million in Q1 2026, up 7.17% year-on-year from $237.0 million in Q1 2025, and up 18.14% quarter-over-quarter from $215.0 million in Q4 2025.
Medtronic (MDT) Tax Provisions (2014 - 2026) Analysis & Trends
Medtronic has disclosed Tax Provisions across 13 years of filings, most recently posting $254.0 million for Q1 2026.
- Tax Provisions for Q1 2026 came in at $254.0 million, up 7.17% year-over-year; the trailing twelve-month figure through Jan 2026 was $923.0 million (down 1.28% YoY), and the FY2025 annual result was $936.0 million, down 17.39% from the prior year.
- Tax Provisions came in at $254.0 million for Q1 2026 at Medtronic, up from $215.0 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $959.0 million in Q4 2022 to a low of $106.0 million in Q1 2022.
- The 5-year median for Tax Provisions is $220.0 million (2024), against an average of $270.0 million.
- Across the five-year window, Tax Provisions surged 444.89% in 2022 and sank 58.08% in 2023, its largest moves.
- Medtronic's 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 retreated by 23.49% to $215.0 million in 2025, then increased by 18.14% to $254.0 million in 2026.
- The last three Tax Provisions figures came in at $254.0 million (Q1 2026), $215.0 million (Q4 2025), and $255.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 372.00 Mn |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 105.00 Mn |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 254.00 Mn |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | -176.00 Mn |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 78.30 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -51.51 Mn |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 70.00 Mn |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 94.00 Mn |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 84.20 Mn |
| 10 | Zimmer Biomet Holdings | 17.18 Bn | 16.77 Bn | 1.51 Bn | 63.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Apr 30, 2021 | 200.00 Mn |