Medtronic (MDT) Tax Provisions (2014 - 2026)
Medtronic's (MDT) quarterly Tax Provisions came in at $289.0 million in Q3 2026, up 13.33% year-over-year from $255.0 million in Q3 2025, and down 49.74% quarter-over-quarter from $575.0 million in Q2 2026.
Analysis
Medtronic (MDT) Tax Provisions (2014 - 2026) Analysis & Trends
Medtronic has disclosed Tax Provisions across 13 years of filings, most recently posting $289.0 million for Q3 2026.
- In Q3 2026, Tax Provisions rose 13.33% year-over-year to $289.0 million; the TTM figure through Jul 2026 stood at $1.3 billion (up 37.14% YoY), while the FY2026 annual figure was $1.3 billion, up 38.78% from the prior year.
- Tax Provisions came in at $289.0 million for Q3 2026 at Medtronic, down from $575.0 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.
- Average Tax Provisions over 5 years is $287.1 million, with a median of $237.0 million recorded in 2025.
- Year-over-year, Tax Provisions soared 444.89% in 2022 and plunged 58.08% in 2023.
- Over 5 years, Tax Provisions stood at $959.0 million in 2022, then plunged by 58.08% to $402.0 million in 2023, then plunged by 30.1% to $281.0 million in 2024, then retreated by 23.49% to $215.0 million in 2025, then jumped by 34.42% to $289.0 million in 2026.
- Per Business Quant data, the three most recent Tax Provisions figures were $289.0 million in Q3 2026, $575.0 million in Q2 2026, and $254.0 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 185.27 Bn | 179.67 Bn | 7.27 Bn | 596.00 Mn |
| 2 | Intuitive Surgical | 124.48 Bn | 119.26 Bn | 1.96 Bn | 231.40 Mn |
| 3 | Medtronic | 118.49 Bn | 109.67 Bn | 6.34 Bn | 289.00 Mn |
| 4 | Stryker | 105.21 Bn | 101.74 Bn | 4.50 Bn | 288.00 Mn |
| 5 | Boston Scientific | 66.93 Bn | 66.39 Bn | 3.85 Bn | 155.00 Mn |
| 6 | Edwards Lifesciences | 49.85 Bn | 45.60 Bn | 1.35 Bn | 278.40 Mn |
| 7 | Alcon | 33.99 Bn | 32.53 Bn | 1.68 Bn | 46.00 Mn |
| 8 | Dexcom | 32.32 Bn | 30.38 Bn | 830.00 Mn | 68.40 Mn |
| 9 | Steris | 21.14 Bn | 20.66 Bn | 684.20 Mn | 72.50 Mn |
| 10 | Zimmer Biomet Holdings | 18.26 Bn | 17.85 Bn | 1.54 Bn | 55.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 289.00 Mn |
| 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 |