Garmin (GRMN) Current Taxes (2009 - 2026)

Garmin (GRMN) posted Current Taxes of $308.3 million for Q1 2026, down 19.2% sequentially from $381.5 million in Q4 2025, and down 7.2% YoY from $332.2 million in Q1 2025.

Garmin (GRMN) Current Taxes (2009 - 2026) Analysis & Trends

Garmin (GRMN) has 17 years of Current Taxes data on file, last reported at $308.3 million in Q1 2026.

  • Quarterly Current Taxes fell 7.2% year-over-year to $308.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $308.3 million (down 7.2% YoY) and the FY2025 annual result came in at $381.5 million, up 29.52% from the prior year.
  • Current Taxes eased to $308.3 million in Q1 2026 per GRMN's latest filing, from $381.5 million in the prior quarter.
  • The five-year high for Current Taxes was $381.5 million in Q4 2025, with the low at $127.7 million in Q2 2022.
  • Average Current Taxes over 5 years is $243.3 million, with a median of $246.2 million recorded in 2022.
  • Year-over-year, Current Taxes surged 121.08% in 2022 and slipped 10.67% in 2023.
  • Garmin's Current Taxes stood at $246.2 million in 2022, then declined by 8.41% to $225.5 million in 2023, then soared by 30.65% to $294.6 million in 2024, then gained by 29.52% to $381.5 million in 2025, then slipped by 19.2% to $308.3 million in 2026.
  • Business Quant data shows GRMN's Current Taxes at $308.3 million in Q1 2026, $381.5 million in Q4 2025, and $293.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Current Taxes (Qtr)
1 Coherent 3,591.32 Bn 3,590.02 Bn 679.95 Mn 99.25 Mn
2 Novanta 69.39 Bn 69.00 Bn 113.58 Mn 7.89 Mn
3 Keysight Technologies 57.75 Bn 55.57 Bn 995.00 Mn 196.00 Mn
4 Teledyne Technologies 30.63 Bn 30.33 Bn 673.80 Mn -
5 Fortive 19.14 Bn 18.79 Bn 675.50 Mn -
6 Trimble 12.33 Bn 12.10 Bn 646.30 Mn 15.50 Mn
7 Cognex 11.87 Bn 11.58 Bn 190.94 Mn 6.17 Mn
8 Sensata Technologies Holding 6.78 Bn 6.14 Bn 286.30 Mn 16.30 Mn
9 Garmin 4.63 Bn 1.93 Bn 1.04 Bn 308.30 Mn
10 Badger Meter 4.28 Bn 4.07 Bn 84.33 Mn -

Historic Data

Download Data
DateValue
Mar 28, 2026 308.30 Mn
Dec 27, 2025 381.55 Mn
Sep 27, 2025 293.48 Mn
Jun 28, 2025 282.99 Mn
Mar 29, 2025 332.22 Mn
Dec 28, 2024 294.58 Mn
Sep 28, 2024 227.74 Mn
Jun 29, 2024 236.71 Mn
Mar 30, 2024 256.44 Mn
Dec 30, 2023 225.48 Mn
Sep 30, 2023 151.56 Mn
Jul 1, 2023 199.09 Mn
Apr 1, 2023 254.75 Mn
Dec 31, 2022 246.18 Mn
Sep 24, 2022 169.67 Mn
Jun 25, 2022 127.69 Mn
Mar 26, 2022 148.27 Mn
Dec 25, 2021 128.08 Mn
Sep 25, 2021 109.86 Mn
Jun 26, 2021 78.80 Mn