Garmin (GRMN) Change in Account Payables (2009 - 2026)
Garmin (GRMN) posted Change in Account Payables of $56.1 million for Q2 2026, up 1547.78% sequentially from $3.4 million in Q1 2026, and up 459.27% YoY from $10.0 million in Q2 2025.
Garmin (GRMN) Change in Account Payables (2009 - 2026) Analysis & Trends
Garmin has reported Change in Account Payables for 18 years, with the latest figure at $56.1 million in Q2 2026.
- Quarterly Change in Account Payables rose 459.27% year-over-year to $56.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $31.6 million (up 21.7% YoY) and the FY2025 annual result came in at -$30.5 million, down 125.3% from the prior year.
- Change in Account Payables grew to $56.1 million in Q2 2026 per GRMN's latest filing, from $3.4 million in the prior quarter.
- Over five years, Change in Account Payables peaked at $93.3 million in Q2 2024 and troughed at -$67.1 million in Q4 2022.
- A 5-year average of $2.6 million and a median of -$2.5 million in 2024 frame the typical range for Change in Account Payables.
- The sharpest annual moves came in 2022 and 2026: Change in Account Payables plunged 1684.99% in 2022, then jumped 459.27% in 2026.
- Over 5 years, Change in Account Payables stood at -$67.1 million in 2022, then jumped by 59.99% to -$26.8 million in 2023, then jumped by 86.3% to -$3.7 million in 2024, then tumbled by 524.99% to -$23.0 million in 2025, then soared by 344.22% to $56.1 million in 2026.
- According to Business Quant data, Change in Account Payables over the past three periods registered $56.1 million, $3.4 million, and -$23.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Account Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 56.14 Mn |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 59.00 Mn |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | 398.87 Mn |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | -45.10 Mn |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 101.00 Mn |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 12.40 Mn |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 18.40 Mn |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 5.42 Mn |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | - |
| 10 | Sensata Technologies Holding | 6.22 Bn | 5.82 Bn | 301.80 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 56.14 Mn |
| Jun 27, 2026 | 56.14 Mn |
| Mar 28, 2026 | 3.41 Mn |
| Mar 28, 2026 | 3.41 Mn |
| Dec 27, 2025 | -22.99 Mn |
| Dec 27, 2025 | -22.99 Mn |
| Sep 27, 2025 | -4.94 Mn |
| Sep 27, 2025 | -4.94 Mn |
| Jun 28, 2025 | 10.04 Mn |
| Jun 28, 2025 | 10.04 Mn |
| Mar 29, 2025 | -12.63 Mn |
| Mar 29, 2025 | -12.63 Mn |
| Dec 28, 2024 | -3.68 Mn |
| Dec 28, 2024 | -3.68 Mn |
| Sep 28, 2024 | 32.25 Mn |
| Sep 28, 2024 | 32.25 Mn |
| Jun 29, 2024 | 93.35 Mn |
| Jun 29, 2024 | 93.35 Mn |
| Mar 30, 2024 | -1.28 Mn |
| Mar 30, 2024 | -1.28 Mn |