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Medtronic (MDT) Tax Rate (2016 - 2026)

Medtronic (MDT) has disclosed Tax Rate for 13 consecutive years, with 18.09% as the latest value for Q1 2026.

  • Quarterly Tax Rate rose 270.0% to 18.09% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 16.59% through Jan 2026, down 132.0% year-over-year, with the annual reading at 16.63% for FY2025, 679.0% down from the prior year.
  • Tax Rate hit 18.09% in Q1 2026 for Medtronic, up from 13.46% 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.
  • 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.
  • Year by year, Tax Rate stood at 68.75% in 2022, then plummeted by -55bps to 30.62% in 2023, then tumbled by -41bps to 18.02% in 2024, then decreased by -25bps to 13.46% in 2025, then skyrocketed 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.