Garmin (GRMN) Change in Taxes (2009 - 2026)

Garmin has disclosed Change in Taxes across 18 years of filings, most recently posting -$54.8 million for Q1 2026.

• Change in Taxes for Q1 2026 came in at -$54.8 million, down 256.2% year-over-year; the trailing twelve-month figure through Mar 2026 was -$136.4 million (down 399.83% YoY), and the FY2025 annual result was -$46.4 million, down 206.27% from the prior year.
• Change in Taxes came in at -$54.8 million for Q1 2026 at Garmin, down from -$23.4 million in the prior quarter.
• In the past five years, Change in Taxes ranged from a high of $64.0 million in Q4 2023 to a low of -$59.9 million in Q2 2025.
• The 5-year median for Change in Taxes is $1.7 million (2025), against an average of -$2.7 million.
• Across the five-year window, Change in Taxes soared 37376.25% in 2022 and slumped 491.4% in 2025, its largest moves.
• Garmin's Change in Taxes stood at $29.8 million in 2022, then surged by 114.56% to $64.0 million in 2023, then slumped by 53.18% to $30.0 million in 2024, then plunged by 177.97% to -$23.4 million in 2025, then sank by 134.79% to -$54.8 million in 2026.
• The last three Change in Taxes figures came in at -$54.8 million (Q1 2026), -$23.4 million (Q4 2025), and $1.7 million (Q3 2025), per Business Quant data.