Medtronic (MDT) Tax Rate (2014 - 2026)

Medtronic's Tax Rate history runs 13 years deep, the most recent figure standing at 18.09% for Q1 2026.

• In Q1 2026, Tax Rate rose 270.0% year-over-year to 18.09%; the TTM figure through Jan 2026 stood at 16.59% (down 132.0% YoY), while the FY2025 annual figure 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.
• A 5-year average of 20.05% and a median of 17.35% in 2024 frame the typical range for Tax Rate.
• Across the five-year window, Tax Rate jumped 5696 bps in 2022 and tumbled 3813 bps in 2023, its largest moves.
• Medtronic's Tax Rate stood at 68.75% in 2022, then tumbled by 55 bps to 30.62% in 2023, then plunged by 41 bps to 18.02% in 2024, then dropped by 25 bps to 13.46% in 2025, then soared by 34 bps to 18.09% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 18.09%, 13.46%, and 19.59% for Q1 2026, Q4 2025, and Q3 2025 respectively.

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