Company / Income Tax
Medtronic Income Tax History
FY2017-FY2026 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$1.1B
FY2026
5-year range
-$751.0M / $1.6B
FY2022-FY2026
Trend
-28.3%
vs FY2025
Sector context
#6 of 162
Health Care
What the data says
Among 162 Health Care companies, Medtronic is in the bottom 4% for income tax. Income Tax has fluctuated over the past 10 years, ranging from -$751M in FY2022 to $2.6B in FY2017.
Based on SEC 10-K filings.
$1.1B in FY2026 with a 5-year CAGR of +15.7%. Top quartile in the Health Care sector.
Increased from $936M to $1.1B over the past 2 years.
Health Care sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- +62.3%
- 5-Year CAGR
- +15.7%
- 10-Year CAGR
- -
Sector benchmark
Bottom 4% in Health CareTop 96% of 162This company $1.1B Sector average $145.4M
▼
+679.2% above sector average
Key checks
Key Insights
- 5-year CAGR of +15.7%, indicating consistent growth.
- In FY2026, income tax decreased 28.3% year-over-year.
- Ranks #6 out of 162 companies in the Health Care sector.
- Peak income tax was recorded in FY2017.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2026 | $1.1B | -28.3% |
| FY2025 | $1.6B | +68.8% |
| FY2024 | $936.0M | +253.2% |
| FY2023 | $265.0M | +135.3% |
| FY2022 | -$751.0M | -237.3% |
| FY2021 | $547.0M | +106.4% |
| FY2020 | $265.0M | +135.3% |
| FY2019 | -$751.0M | -237.3% |
| FY2018 | $547.0M | -78.8% |
| FY2017 | $2.6B | +346.4% |
As of FY2026 · SEC 10-K · Updated Jun 30, 2026