What is Medtronic's deferred tax assets?

Medtronic (MDT) reported deferred tax assets of $365M in Q4 2025.

How has Medtronic's deferred tax assets changed year-over-year?

Medtronic's deferred tax assets decreased by 19.2% year-over-year, from $452M to $365M.

What is the long-term trend for Medtronic's deferred tax assets?

Over 4 years (2021 to 2025), Medtronic's deferred tax assets has grown at a -20.9% compound annual growth rate (CAGR), from $1.03B to $403M.

What does deferred tax assets mean?

Future tax benefits that the company can use to reduce its tax bill.

Non-Current Assets

Deferred Tax Assets

Medtronic Deferred Tax Assets decreased by 5.4% to $365M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 19.2%, from $452M to $365M. Over 4 years (FY 2021 to FY 2025), Deferred Tax Assets shows a downward trend with a -20.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryCapital Allocation

SignalHigher is better

VolatilityModerate

First reportedQ4 2015

Last reportedQ3 2026Feb 24, 2026

How to read this metric

An increase suggests the company has accumulated tax credits or deductions that can offset future tax liabilities.

Detailed definition

Assets created on the balance sheet when the company pays more in taxes than its accounting income suggests, or due to t...

Peer comparison

Standard for large multinational corporations; levels depend on historical operating performance and tax planning.

Metric ID: deferred_tax_assets

Historical Data

20 periods

	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Value	$1.03B	$1.05B	$1.02B	$968M	$884M	$899M	$871M	$747M	$708M	$687M	$686M	$615M	$515M	$496M	$473M	$452M	$403M	$416M	$386M	$365M
QoQ Change	—	+2.5%	-2.8%	-5.5%	-8.7%	+1.7%	-3.1%	-14.2%	-5.2%	-3.0%	-0.1%	-10.3%	-16.3%	-3.7%	-4.6%	-4.4%	-10.8%	+3.2%	-7.2%	-5.4%
YoY Change	—	—	—	—	-14.0%	-14.7%	-14.9%	-22.8%	-19.9%	-23.6%	-21.2%	-17.7%	-27.3%	-27.8%	-31.0%	-26.5%	-21.7%	-16.1%	-18.4%	-19.2%

Range$365M – $1.05B

CAGR-19.6%

Avg YoY Growth-21.1%

Median YoY Growth-20.6%

Current Streak2 quarters decline

Deferred Tax Assets at Other Companies

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Frequently Asked Questions

What is Medtronic's deferred tax assets?: Medtronic (MDT) reported deferred tax assets of $365M in Q4 2025.
How has Medtronic's deferred tax assets changed year-over-year?: Medtronic's deferred tax assets decreased by 19.2% year-over-year, from $452M to $365M.
What is the long-term trend for Medtronic's deferred tax assets?: Over 4 years (2021 to 2025), Medtronic's deferred tax assets has grown at a -20.9% compound annual growth rate (CAGR), from $1.03B to $403M.
What does deferred tax assets mean?: Future tax benefits that the company can use to reduce its tax bill.