KPIs & Operating Metrics(New)
Growth Metrics

Medtronic (MDT) Tax Rate (2016 - 2026)

Medtronic's Tax Rate history spans 13 years, with the latest figure at 18.09% for Q1 2026.

  • On a quarterly basis, Tax Rate rose 270.0% to 18.09% in Q1 2026 year-over-year; TTM through Jan 2026 was 16.59%, a 132.0% decrease, with the full-year FY2025 number at 16.63%, down 679.0% from a year prior.
  • Tax Rate hit 18.09% in Q1 2026 for Medtronic, up from 13.46% in the prior quarter.
  • Over the last five years, Tax Rate for MDT hit a ceiling of 68.75% in Q4 2022 and a floor of 6.67% in Q1 2022.
  • Historically, Tax Rate has averaged 20.05% across 5 years, with a median of 17.35% in 2024.
  • Biggest five-year swings in Tax Rate: surged 5696bps in 2022 and later tumbled -3813bps in 2023.
  • Tracing MDT's Tax Rate over 5 years: stood at 68.75% in 2022, then crashed by -55bps to 30.62% in 2023, then plummeted by -41bps to 18.02% in 2024, then dropped by -25bps to 13.46% in 2025, then soared by 34bps to 18.09% in 2026.
  • Business Quant data shows Tax Rate for MDT at 18.09% in Q1 2026, 13.46% in Q4 2025, and 19.59% in Q3 2025.