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
DateValue
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