SYK · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

STRYKER CORP · 2026-10-30 · Importance 60 · Surprise 74

The effective tax rate was 24.5% in the third quarter of 2026, compared with 16.5% in the third quarter of 2025.,For the first nine months, the effective tax rate increased to 18.7% from 14.7%.,The third-quarter increase was attributed to the nondeductible $293 million goodwill impairment related to Peripheral Vascular.,The nine-month rate increase reflected the nondeductible goodwill impairment and the prior-year tax benefit associated with the sale of the Spinal Implants business.

Key facts

• The nine-month effective tax rate increased due to the nondeductible goodwill impairment and the tax benefit related to the sale of the Spinal Implants business. source
• Stryker's future results could be affected by effective-tax-rate changes arising from changes in tax laws, regulations, and judicial rulings; it is evaluating tax reform impacts as guidance and regulations emerge. source
• The effective tax rates were 24.5% and 18.7% in the three and nine months of 2026, compared with 16.5% and 14.7% in the corresponding prior-year periods. source
• The three-month effective tax rate increased due to the nondeductible goodwill impairment. source