Medtronic (XTER:2M6) Tax Rate % : 22.90% (As of Apr. 2024)

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What is Medtronic Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Medtronic's Tax Expense for the three months ended in Apr. 2024 was €183 Mil. Medtronic's Pre-Tax Income for the three months ended in Apr. 2024 was €798 Mil. Therefore, Medtronic's Tax Rate % for the quarter that ended in Apr. 2024 was 22.90%.

Medtronic Tax Rate % Historical Data

The historical data trend for Medtronic's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Medtronic Tax Rate % Chart

Medtronic Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Tax Rate %

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-18.52

6.80

8.27

29.46

23.42

Medtronic Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Tax Rate %	Get a 7-Day Free Trial															23.34	33.44	30.62	9.17	22.90

Medtronic Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Medtronic's Tax Rate % for the fiscal year that ended in Apr. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Apr. 2024 )	/	Pre-Tax Income (A: Apr. 2024 )
	=	1055.956	/	4508.084
	=	23.42 %

Medtronic's Tax Rate % for the quarter that ended in Apr. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Apr. 2024 )	/	Pre-Tax Income (Q: Apr. 2024 )
	=	182.672	/	797.792
	=	22.90 %

Medtronic Tax Rate % Related Terms

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Medtronic (XTER:2M6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medtronic PLC (XTER:2M6) » Definitions » Tax Rate %

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Address

Lower Hatch Street, 20 On Hatch, Dublin, IRL, 2

Website

https://www.medtronic.com

One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools. The company markets its products to healthcare institutions and physicians in the United States and overseas. Foreign sales account for roughly 50% of the company's total sales.

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