Medtronic (MDT) Tax Provisions (2014 - 2026)
Medtronic (MDT) reported Tax Provisions of $575.0 million for Q2 2026, up 188.94% on a YoY basis from $199.0 million in Q2 2025, and up 126.38% sequentially from $254.0 million in Q1 2026.
Medtronic (MDT) Tax Provisions (2014 - 2026) Analysis & Trends
Medtronic (MDT) has 13 years of Tax Provisions data on file, last reported at $575.0 million in Q2 2026.
- For the quarter ending Q2 2026, Tax Provisions rose 188.94% year-over-year to $575.0 million; the trailing twelve-month figure through Apr 2026 stood at $1.3 billion (up 38.63% YoY), and the FY2026 full-year result was $1.3 billion, up 38.78% from the prior year.
- Tax Provisions climbed to $575.0 million in Q2 2026, from $254.0 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.
- A 5-year average of $286.9 million and a median of $228.5 million in 2024 frame the typical range for Tax Provisions.
- Across the five-year window, Tax Provisions surged 444.89% in 2022 and tumbled 58.08% in 2023, its largest moves.
- Tracing MDT's Tax Provisions over 5 years: stood at $959.0 million in 2022, then tumbled by 58.08% to $402.0 million in 2023, then tumbled by 30.1% to $281.0 million in 2024, then fell by 23.49% to $215.0 million in 2025, then soared by 167.44% to $575.0 million in 2026.
- Business Quant data shows MDT's Tax Provisions at $575.0 million in Q2 2026, $254.0 million in Q1 2026, and $215.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 372.00 Mn |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 105.00 Mn |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 575.00 Mn |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | -176.00 Mn |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 78.30 Mn |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 70.00 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 | 94.00 Mn |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 84.20 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 |