Garmin (GRMN) Current Taxes (2009 - 2026)
Garmin's (GRMN) quarterly Current Taxes came in at $308.3 million in Q1 2026, down 7.2% year-on-year from $332.2 million in Q1 2025, and down 19.2% quarter-over-quarter from $381.5 million in Q4 2025.
Garmin (GRMN) Current Taxes (2009 - 2026) Analysis & Trends
Garmin has disclosed Current Taxes across 17 years of filings, most recently posting $308.3 million for Q1 2026.
- Current Taxes for Q1 2026 came in at $308.3 million, down 7.2% year-over-year; the trailing twelve-month figure through Mar 2026 was $308.3 million (down 7.2% YoY), and the FY2025 annual result was $381.5 million, up 29.52% from the prior year.
- Current Taxes came in at $308.3 million for Q1 2026 at Garmin, down from $381.5 million in the prior quarter.
- In the past five years, Current Taxes ranged from a high of $381.5 million in Q4 2025 to a low of $127.7 million in Q2 2022.
- The 5-year median for Current Taxes is $246.2 million (2022), against an average of $243.3 million.
- Across the five-year window, Current Taxes jumped 121.08% in 2022 and declined 10.67% in 2023, its largest moves.
- Garmin's Current Taxes stood at $246.2 million in 2022, then decreased by 8.41% to $225.5 million in 2023, then soared by 30.65% to $294.6 million in 2024, then grew by 29.52% to $381.5 million in 2025, then fell by 19.2% to $308.3 million in 2026.
- The last three Current Taxes figures came in at $308.3 million (Q1 2026), $381.5 million (Q4 2025), and $293.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 75.99 Bn | 74.70 Bn | 679.95 Mn | 99.25 Mn |
| 2 | Keysight Technologies | 56.90 Bn | 54.72 Bn | 995.00 Mn | 196.00 Mn |
| 3 | Garmin | 45.32 Bn | 42.62 Bn | 1.04 Bn | 308.30 Mn |
| 4 | Teledyne Technologies | 28.36 Bn | 28.06 Bn | 673.80 Mn | - |
| 5 | Mks | 21.03 Bn | 20.46 Bn | 507.00 Mn | 52.00 Mn |
| 6 | Fortive | 18.96 Bn | 18.61 Bn | 675.50 Mn | - |
| 7 | Trimble | 12.56 Bn | 12.32 Bn | 646.30 Mn | 15.50 Mn |
| 8 | Cognex | 10.39 Bn | 10.09 Bn | 190.94 Mn | 6.17 Mn |
| 9 | Esco Technologies | 7.65 Bn | 7.56 Bn | 131.32 Mn | 5.62 Mn |
| 10 | Sensata Technologies Holding | 7.33 Bn | 6.69 Bn | 286.30 Mn | 16.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |