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Medtronic (LTS:0Y6X) Tax Rate % : 18.02% (As of Oct. 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 Oct. 2024 was $281 Mil. Medtronic's Pre-Tax Income for the three months ended in Oct. 2024 was $1,559 Mil. Therefore, Medtronic's Tax Rate % for the quarter that ended in Oct. 2024 was 18.02%.

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 %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -18.52 6.80 8.27 29.46 23.42

Medtronic Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.62 9.17 23.04 17.35 18.02

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 )
=1133/4837
=23.42 %

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

Tax Rate %=Tax Expense (Q: Oct. 2024 )/Pre-Tax Income (Q: Oct. 2024 )
=281/1559
=18.02 %

* 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.

Medtronic Tax Rate % Related Terms

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Medtronic Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medtronic PLC (LTS:0Y6X) » Definitions » Tax Rate %
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Traded in Other Exchanges
MDT:USA MDTN:Mexico 1MDT:Italy 2M6:Germany 2M6:Germany 2M6:Germany 2M6:Germany MDTC34:Brazil MDT:Austria MDT:Argentina
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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