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
DateValue
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