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| 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 |