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Medtronic Plc  (MDT)
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Medtronic Plc's Effective Tax Rate by quarter

Trends, Rankings, Statistics



MDT Effective Tax Rate (Jan 26 2024)
III. Quarter
(Oct 27 2023)
II. Quarter
(Jul 28 2023)
I. Quarter
(Apr 28 2023)
IV. Quarter
(Jan 27 2023)
III. Quarter
Y / Y Pre-Tax Income Change 7.05 % -5.88 % 14.56 % -3.25 % -13.47 %
Seq. Pre-Tax Income Change 12.11 % 9.78 % -22.84 % 12.73 % -1.43 %
Pre-Tax Income In Millions $1,472.00 $1,313.00 $1,196.00 $1,550.00 $1,375.00
Effective Tax Rate 9.17 % 30.62 % 33.44 % 23.42 % 10.62 %
Effective Tax Rate Total Ranking # 182 # 1781 # 1966 # 1201 # 379
Income taxes expenses / -benefit In Millions $135.00 $402.00 $400.00 $363.00 $146.00
Y / Y Income taxes expenses / -benefit Change -7.53 % -58.08 % 257.14 % 230 % 37.74 %
Seq. Income taxes expenses / -benefit Change -66.42 % 0.5 % 10.19 % 148.63 % -84.78 %


Commenting Third Quarter 2023 Effective Tax Rate
Company's effective tax rate in III. Quarter decreased compare to previous quarter to 9.17 %, below company's average Effective Tax Rate.

Looking into III. Quarter results within Medical Equipment & Supplies industry 8 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 182, from total ranking in previous quarter at 1781.

MDT's Effective Tax Rate third quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 9
Healthcare Sector # 16
Overall # 182

MDT's Effective Tax Rate Statistics
High Average Low
235.54 % 22.14 % 5.03 %
(Jan 26 2018)   (April 26. 2007)




Other Effective Tax Rate Profitability Ratios
MDT's Cumulative Effective Tax Rate
Medical Equipment & Supplies Industry Effective Tax Rate Trends and Statistics
Healthcare Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
MDT's Effective Tax Rate Profitability versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for MDT's Competitors
Effective Tax Rate Profit Margin for Medtronic Plc's Suppliers
Effective Tax Rate Profit Margin for MDT's Customers

You may also want to know
MDT's Annual Growth Rates MDT's Profitability Ratios MDT's Asset Turnover Ratio MDT's Dividend Growth
MDT's Roe MDT's Valuation Ratios MDT's Financial Strength Ratios MDT's Income taxes expenses / -benefit Growth
MDT's Roa MDT's Inventory Turnover Ratio MDT's Growth Rates MDT's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Jan 26 2024, within Medical Equipment & Supplies Industry Effective Tax RateJan 26 2024 MRQ Income taxes expenses / -benefitJan 26 2024 MRQ Pre-Tax Income
Lemaitre Vascular Inc   25.17 %$ 2.848 $ 11.313 
Patterson Companies Inc   23.16 %$ 14.347 $ 61.940 
Msa Safety Incorporated  23.04 %$ 22.870 $ 99.280 
Fonar Corporation  22.82 %$ 1.366 $ 5.986 
Cadre Holdings Inc   22.72 %$ 2.820 $ 12.414 
Becton Dickinson And Company  21.45 %$ 77.000 $ 359.000 
Steris Plc  21.39 %$ 38.344 $ 179.289 
West Pharmaceutical Services Inc   20.51 %$ 34.500 $ 168.200 
Shockwave Medical Inc   20.11 %$ 11.155 $ 55.460 
Resmed Inc   19.52 %$ 50.654 $ 259.454 
Pro dex Inc   19.35 %$ 0.120 $ 0.620 
Conmed Corporation  18.71 %$ 7.611 $ 40.682 
Docgo Inc   16.74 %$ 2.042 $ 12.196 
Owens and Minor inc  15.30 %$ 3.213 $ 20.997 
Edwards Lifesciences Corporation  12.33 %$ 52.000 $ 421.700 
Merit Medical Systems Inc  12.20 %$ 3.838 $ 31.467 
Integer Holdings Corporation  10.13 %$ 2.971 $ 29.328 
Alpha Pro Tech Ltd   9.90 %$ 0.262 $ 2.646 
Smith and Nephew Plc  9.31 %$ 27.000 $ 290.000 
Medtronic Plc  9.17 %$ 135.000 $ 1,472.000 
Inmode Ltd   8.91 %$ 19.348 $ 217.267 
Stryker Corp  6.77 %$ 83.000 $ 1,226.000 
3m Company  6.40 %$ 64.000 $ 1,000.000 
Insulet Corporation  4.17 %$ 4.500 $ 107.800 
Inspire Medical Systems inc   3.13 %$ 0.477 $ 15.240 
Orasure Technologies Inc  3.12 %$ 0.647 $ 20.720 
Ufp Technologies Inc   2.40 %$ 0.285 $ 11.893 




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