Medtronic plc Income Tax Expense 2013-2026 | MDT
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What is income tax expense?
Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.
What is Medtronic plc's current income tax expense?
Medtronic plc (MDT) annual income tax expense for 2026 was $1.30B, a 38.78% increase from 2025. Medtronic plc income tax expense for the quarter ending April 24, 2026 was $575.0M.
What was Medtronic plc's income tax expense in 2025?
Medtronic plc annual income tax expense for 2025 was $936.0M, a 17.39% decline from 2024.
What was Medtronic plc's income tax expense in 2024?
Medtronic plc annual income tax expense for 2024 was $1.13B, a 28.29% decline from 2023.
What is Medtronic plc's 5-year income tax expense CAGR?
Medtronic plc income tax expense grew at a compound annual growth rate (CAGR) of 37.43% from FY2021 to FY2026, going from $265.0M to $1.30B over 5 years.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR+37.4%
FY2021
$265.0M
→
FY2026
$1.30B
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5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2026 | $1.30B | +38.8% | 10-K |
| FY2025 | $936.0M | -17.4% | 10-K |
| FY2024 | $1.13B | -28.3% | 10-K |
| FY2023 | $1.58B | +246.5% | 10-K |
| FY2022 | $456.0M | +72.1% | 10-K |
| FY2021 | $265.0M | +135.3% | 10-K |
| FY2020 | $-751.0M | -237.3% | 10-K |
| FY2019 | $547.0M | -78.8% | 10-K |
| FY2018 | $2.58B | +346.4% | 10-K |
| FY2017 | $578.0M | -27.6% | 10-K |
| FY2016 | $798.0M | -1.6% | 10-K |
| FY2015 | $811.0M | +26.7% | 10-K |
| FY2014 | $640.0M | -18.4% | 10-K |
| FY2013 | $784.0M | - | 10-K |
Company: Medtronic plcTicker: MDTSector: HealthcareIndustry: Electromedical & Electrotherapeutic ApparatusView company profile →