Garmin (GRMN) Change in Account Payables (2009 - 2026)
Garmin's (GRMN) quarterly Change in Account Payables came in at $56.1 million in Q2 2026, up 459.27% year-over-year from $10.0 million in Q2 2025, and up 1547.78% quarter-over-quarter from $3.4 million in Q1 2026.
Analysis
Garmin (GRMN) Change in Account Payables (2009 - 2026) Analysis & Trends
Garmin has disclosed Change in Account Payables across 18 years of filings, most recently posting $56.1 million for Q2 2026.
- In Q2 2026, Change in Account Payables rose 459.27% year-over-year to $56.1 million; the TTM figure through Jun 2026 stood at $31.6 million (up 21.7% YoY), while the FY2025 annual figure was -$30.5 million, down 125.3% from the prior year.
- Change in Account Payables came in at $56.1 million for Q2 2026 at Garmin, up from $3.4 million in the prior quarter.
- In the past five years, Change in Account Payables ranged from a high of $93.3 million in Q2 2024 to a low of -$67.1 million in Q4 2022.
- Average Change in Account Payables over 5 years is $2.6 million, with a median of -$2.5 million recorded in 2024.
- Year-over-year, Change in Account Payables tumbled 1684.99% in 2022 and soared 459.27% in 2026.
- Over 5 years, Change in Account Payables stood at -$67.1 million in 2022, then surged by 59.99% to -$26.8 million in 2023, then surged by 86.3% to -$3.7 million in 2024, then sank by 524.99% to -$23.0 million in 2025, then jumped by 344.22% to $56.1 million in 2026.
- Per Business Quant data, the three most recent Change in Account Payables figures were $56.1 million in Q2 2026, $3.4 million in Q1 2026, and -$23.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Account Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,859.45 Bn | 4,797.05 Bn | 54.77 Bn | 7.09 Bn |
| 2 | Garmin | 53.81 Bn | 51.14 Bn | 1.26 Bn | 56.14 Mn |
| 3 | Vuzix | 211.42 Mn | 194.13 Mn | -645,411.00 | - |
| 4 | Zepp Health | 69.33 Mn | -328,416.31 | 23.73 Mn | - |
| 5 | Foxx Development Holdings | 17.72 Mn | 14.53 Mn | -1.45 Mn | 2.65 Mn |
| 6 | Wearable Devices | 652,391.50 | -18.19 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 56.14 Mn |
| Mar 28, 2026 | 3.41 Mn |
| Dec 27, 2025 | -22.99 Mn |
| Sep 27, 2025 | -4.94 Mn |
| Jun 28, 2025 | 10.04 Mn |
| Mar 29, 2025 | -12.63 Mn |
| Dec 28, 2024 | -3.68 Mn |
| Sep 28, 2024 | 32.25 Mn |
| Jun 29, 2024 | 93.35 Mn |
| Mar 30, 2024 | -1.28 Mn |
| Dec 30, 2023 | -26.84 Mn |
| Sep 30, 2023 | 10.13 Mn |
| Jul 1, 2023 | 49.41 Mn |
| Apr 1, 2023 | -4.20 Mn |
| Dec 31, 2022 | -67.07 Mn |
| Sep 24, 2022 | -34.37 Mn |
| Jun 25, 2022 | 32.11 Mn |
| Mar 26, 2022 | -61.94 Mn |
| Dec 25, 2021 | 51.34 Mn |
| Sep 25, 2021 | 13.46 Mn |