Garmin (GRMN) Change in Taxes (2009 - 2026)
Garmin (GRMN) posted Change in Taxes of $27.1 million for Q2 2026, up 149.39% sequentially from -$54.8 million in Q1 2026, and up 145.2% YoY from $11.0 million in Q2 2025.
Garmin (GRMN) Change in Taxes (2009 - 2026) Analysis & Trends
Garmin has reported Change in Taxes for 18 years, with the latest figure at $27.1 million in Q2 2026.
- Quarterly Change in Taxes rose 145.2% year-over-year to $27.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$49.4 million (down 1045.29% YoY) and the FY2025 annual result came in at -$46.4 million, down 206.27% from the prior year.
- Change in Taxes grew to $27.1 million in Q2 2026 per GRMN's latest filing, from -$54.8 million in the prior quarter.
- Over five years, Change in Taxes peaked at $64.0 million in Q4 2023 and troughed at -$59.9 million in Q2 2025.
- A 5-year average of -$1.0 million and a median of $4.3 million in 2023 frame the typical range for Change in Taxes.
- The sharpest annual moves came in 2022 and 2025: Change in Taxes jumped 1202.23% in 2022, then slumped 491.4% in 2025.
- Over 5 years, Change in Taxes stood at $29.8 million in 2022, then jumped 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 surged by 215.98% to $27.1 million in 2026.
- According to Business Quant data, Change in Taxes over the past three periods registered $27.1 million, -$54.8 million, and -$23.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 27.09 Mn |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | -62.00 Mn |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | 39.27 Mn |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | - |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 9.00 Mn |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | - |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | -8.70 Mn |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 2.96 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 | 1.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 27.09 Mn |
| Jun 27, 2026 | 27.09 Mn |
| Mar 28, 2026 | -54.84 Mn |
| Mar 28, 2026 | -54.84 Mn |
| Dec 27, 2025 | -23.36 Mn |
| Dec 27, 2025 | -23.36 Mn |
| Sep 27, 2025 | 1.74 Mn |
| Sep 27, 2025 | 1.74 Mn |
| Jun 28, 2025 | -59.93 Mn |
| Jun 28, 2025 | -59.93 Mn |
| Mar 29, 2025 | 35.11 Mn |
| Mar 29, 2025 | 35.11 Mn |
| Dec 28, 2024 | 29.95 Mn |
| Dec 28, 2024 | 29.95 Mn |
| Sep 28, 2024 | -9.44 Mn |
| Sep 28, 2024 | -9.44 Mn |
| Jun 29, 2024 | -10.13 Mn |
| Jun 29, 2024 | -10.13 Mn |
| Mar 30, 2024 | 33.31 Mn |
| Mar 30, 2024 | 33.31 Mn |