Medtronic (MDT) Tax Rate (2014 - 2026)

Medtronic (MDT) has 13 years of Tax Rate data on file, last reported at 31.35% in Q2 2026.

• For the quarter ending Q2 2026, Tax Rate rose 1557.0% year-over-year to 31.35%; the trailing twelve-month figure through Apr 2026 stood at 21.17% (up 452.0% YoY), and the FY2026 full-year result was 21.17%, up 454.0% from the prior year.
• Tax Rate climbed to 31.35% in Q2 2026, from 18.09% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 68.75% in Q4 2022 to a low of 6.67% in Q1 2022.
• A 5-year average of 20.68% and a median of 17.69% in 2024 frame the typical range for Tax Rate.
• Across the five-year window, Tax Rate soared 5696 bps in 2022 and slumped 3813 bps in 2023, its largest moves.
• Tracing MDT's Tax Rate over 5 years: stood at 68.75% in 2022, then sank by 55 bps to 30.62% in 2023, then slumped by 41 bps to 18.02% in 2024, then decreased by 25 bps to 13.46% in 2025, then surged by 133 bps to 31.35% in 2026.
• Business Quant data shows MDT's Tax Rate at 31.35% in Q2 2026, 18.09% in Q1 2026, and 13.46% in Q4 2025.