Medtronic (MDT) Tax Rate (2014 - 2026)

Medtronic has disclosed Tax Rate across 13 years of filings, most recently posting 18.09% for Q1 2026.

• Tax Rate for Q1 2026 came in at 18.09%, up 270.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 16.59% (down 132.0% YoY), and the FY2025 annual result was 16.63%, down 679.0% from the prior year.
• Tax Rate came in at 18.09% for Q1 2026 at 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.
• The 5-year median for Tax Rate is 17.35% (2024), against an average of 20.05%.
• Across the five-year window, Tax Rate soared 5696 bps in 2022 and plunged 3813 bps in 2023, its largest moves.
• Medtronic's Tax Rate stood at 68.75% in 2022, then plunged by 55 bps to 30.62% in 2023, then sank by 41 bps to 18.02% in 2024, then slipped by 25 bps to 13.46% in 2025, then surged by 34 bps to 18.09% in 2026.
• The last three Tax Rate figures came in at 18.09% (Q1 2026), 13.46% (Q4 2025), and 19.59% (Q3 2025), per Business Quant data.