Garmin (GRMN) Accounts Payables (2009 - 2026)
Garmin (GRMN) reported Accounts Payables of $401.32 million for Q2 2026, up 1.0% from $397.3 million a year earlier and up 16.4% from the prior quarter.
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Analysis
Garmin (GRMN) Accounts Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Garmin posted Accounts Payables of $347.49 million, down 3.3% from FY2024.
- Accounts Payables has a five-year compound annual growth rate of 6.1% (FY2020 to FY2025).
- By year, Accounts Payables came in at $359.37 million in FY2024 (+41.6%), $253.79 million in FY2023 (+19.5%), $212.42 million in FY2022 (-42.6%) and $370.05 million in FY2021 (+42.9%).
- The Q2 2026 figure ranks as the highest quarterly Accounts Payables in data going back to Q2 2009.
- Year over year, Accounts Payables gained in six of the last eight quarters, with growth averaging 17.7%.
- The high point for year-over-year Accounts Payables in five years was Q4 2021 (growth of 42.9%); the low point was Q4 2022 (a decline of 42.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $344.72 million (Q1 2026), $347.49 million (Q4 2025) and $378.02 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Accounts Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,040.97 Bn | 4,788.46 Bn | 54.77 Bn | 64.53 Bn |
| 2 | Cisco Systems | 424.45 Bn | 360.38 Bn | 11.06 Bn | 3.37 Bn |
| 3 | Dell Technologies | 313.76 Bn | 269.51 Bn | 9.83 Bn | 49.72 Bn |
| 4 | Arista Networks | 232.68 Bn | 186.14 Bn | 1.91 Bn | 692.70 Mn |
| 5 | Sandisk | 202.67 Bn | 191.19 Bn | 7.58 Bn | 976.00 Mn |
| 6 | Seagate Technology Holdings | 152.82 Bn | 147.82 Bn | 1.90 Bn | 1.75 Bn |
| 7 | Sony | 149.85 Bn | 87.11 Bn | 6.53 Bn | 13.76 Bn |
| 8 | Western Digital | 130.59 Bn | 118.72 Bn | 2.03 Bn | 1.77 Bn |
| 9 | Hewlett Packard Enterprise | 77.78 Bn | 55.65 Bn | 4.93 Bn | 13.73 Bn |
| 10 | Garmin | 56.29 Bn | 45.64 Bn | 1.26 Bn | 401.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 401.32 Mn |
| Mar 28, 2026 | 344.72 Mn |
| Dec 27, 2025 | 347.49 Mn |
| Sep 27, 2025 | 378.02 Mn |
| Jun 28, 2025 | 397.30 Mn |
| Mar 29, 2025 | 344.80 Mn |
| Dec 28, 2024 | 359.37 Mn |
| Sep 28, 2024 | 374.03 Mn |
| Jun 29, 2024 | 331.94 Mn |
| Mar 30, 2024 | 243.09 Mn |
| Dec 30, 2023 | 253.79 Mn |
| Sep 30, 2023 | 268.03 Mn |
| Jul 1, 2023 | 253.80 Mn |
| Apr 1, 2023 | 208.80 Mn |
| Dec 31, 2022 | 212.42 Mn |
| Sep 24, 2022 | 268.67 Mn |
| Jun 25, 2022 | 319.73 Mn |
| Mar 26, 2022 | 298.99 Mn |
| Dec 25, 2021 | 370.05 Mn |
| Sep 25, 2021 | 318.60 Mn |
API Access
Garmin Accounts Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accounts-payables&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accounts-payables", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accounts-payables&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();