What is Medtronic's taxes paid?

Medtronic (MDT) reported taxes paid of $344M in Q1 2026.

How has Medtronic's taxes paid changed year-over-year?

Medtronic's taxes paid increased by 13.2% year-over-year, from $304M to $344M.

What is the long-term trend for Medtronic's taxes paid?

Over 4 years (2022 to 2026), Medtronic's taxes paid has grown at a 18.2% compound annual growth rate (CAGR), from $996M to $1.94B.

What does taxes paid mean?

Actual cash paid to tax authorities for income taxes during the period — may differ from income tax expense due to timing.

Medtronic MDT Taxes Paid

Taxes Paid at other companies

Johnson & JohnsonJNJ

$1.63B-2.6%

Merit Medical SystemsMMSI

$4.38M+15.8%

Boston ScientificBSX

$140.25M-14.5%

DexComDXCM

$23.6M-52.3%

Globus MedicalGMED

$5.99M-16.8%

AngioDynamicsANGO

$200K+75.8%

Other financials

Income statement

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Revenue$9.8B+9.9%

Gross profit$6.4B+10.9%

Operating income$1.9B+30.4%

Net income$1.2B+17.8%

EPS (diluted)$0.97+18.3%

Balance sheet

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Cash & equivalents$1.9B-12.1%

Total debt$29.2B-1.6%

Total equity$49.5B+3.0%

Total assets$93.0B+1.5%

Cash flow

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Operating cash flow$2.6B+1.8%

CapEx$488.0M+6.3%

Free cash flow$2.1B+0.8%

Valuation

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Market cap$100.14B-3.6%

Enterprise value$127.4B-3.0%

P/E20.9×-1.4×

P/S2.8×-0.3×

Profitability

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Gross margin65%-0.3pp

Operating margin17.8%0.0pp

Net margin13.2%-0.7pp

FCF margin14.9%-0.5pp

Returns & leverage

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Return on equity9.8%+0.4pp

Debt / equity0.6×0.0×

Current ratio2.1×+0.3×

Where this comes from

Reported directly by Medtronic in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxesPaidNet.

The official record: Medtronic’s 10-K, filed June 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Medtronic's taxes paid?: Medtronic (MDT) reported taxes paid of $344M in Q1 2026.
How has Medtronic's taxes paid changed year-over-year?: Medtronic's taxes paid increased by 13.2% year-over-year, from $304M to $344M.
What is the long-term trend for Medtronic's taxes paid?: Over 4 years (2022 to 2026), Medtronic's taxes paid has grown at a 18.2% compound annual growth rate (CAGR), from $996M to $1.94B.
What does taxes paid mean?: Actual cash paid to tax authorities for income taxes during the period — may differ from income tax expense due to timing.