SYK · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

STRYKER CORP · 2026-07-31 · Importance 40 · Surprise 56 · No source text

The effective tax rate increased to 18.4% in the second quarter of 2026 from 13.0% and to 16.3% for the first six months from 13.6%. The year-over-year increase primarily reflects a prior-year tax benefit related to the sale of the Spinal Implants business. Six-month 2026 tax expense included a $37 million adjustment for significant discrete tax items, including a $75 million adjustment related to transferring intellectual property between tax jurisdictions. European operations and other discrete tax items continued to produce lower effective tax rates than would otherwise apply.

Key facts

• Effective tax rates: three months 2026 18.4% and six months 2026 16.3%; three months 2025 13.0% and six months 2025 13.6%; increase due to tax benefit related to sale of the Spinal Implants business. source

Impact estimates