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Medtronic (MDT) Tax Rate (2016 - 2026)

Medtronic's Tax Rate history spans 12 years, with the latest figure at 18.09% for Q1 2026.

  • For Q1 2026, Tax Rate rose 270.0% year-over-year to 18.09%; the TTM value through Jan 2026 reached 16.57%, down 133.0%, while the annual FY2025 figure was 16.63%, 679.0% down from the prior year.
  • Tax Rate for Q1 2026 was 18.09% at Medtronic, up from 13.47% in the prior quarter.
  • Across five years, Tax Rate topped out at 68.75% in Q4 2022 and bottomed at 6.67% in Q1 2022.
  • The 5-year median for Tax Rate is 17.35% (2024), against an average of 20.05%.
  • The largest annual shift saw Tax Rate skyrocketed 5696bps in 2022 before it plummeted -3813bps in 2023.
  • A 5-year view of Tax Rate shows it 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 fell by -25bps to 13.47% in 2025, then soared by 34bps to 18.09% in 2026.
  • Per Business Quant, the three most recent readings for MDT's Tax Rate are 18.09% (Q1 2026), 13.47% (Q4 2025), and 19.59% (Q3 2025).