Garmin (GRMN) Current Taxes (2009 - 2026)
Garmin (GRMN) posted Current Taxes of $326.1 million for Q2 2026, up 5.77% sequentially from $308.3 million in Q1 2026, and up 15.23% YoY from $283.0 million in Q2 2025.
Garmin (GRMN) Current Taxes (2009 - 2026) Analysis & Trends
Garmin has reported Current Taxes for 17 years, with the latest figure at $326.1 million in Q2 2026.
- Quarterly Current Taxes rose 15.23% year-over-year to $326.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $326.1 million (up 15.23% YoY) and the FY2025 annual result came in at $381.5 million, up 29.52% from the prior year.
- Current Taxes improved to $326.1 million in Q2 2026 per GRMN's latest filing, from $308.3 million in the prior quarter.
- Over five years, Current Taxes peaked at $381.5 million in Q4 2025 and troughed at $127.7 million in Q2 2022.
- A 5-year average of $247.9 million and a median of $250.5 million in 2022 frame the typical range for Current Taxes.
- The sharpest annual moves came in 2022 and 2023: Current Taxes soared 121.08% in 2022, then retreated 10.67% in 2023.
- Over 5 years, Current Taxes stood at $246.2 million in 2022, then dropped by 8.41% to $225.5 million in 2023, then surged by 30.65% to $294.6 million in 2024, then rose by 29.52% to $381.5 million in 2025, then retreated by 14.54% to $326.1 million in 2026.
- According to Business Quant data, Current Taxes over the past three periods registered $326.1 million, $308.3 million, and $381.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 326.08 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 124.00 Mn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 173.25 Mn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | - |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 53.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | - |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 6.60 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 9.13 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 5.75 Mn |
| 10 | Sensata Technologies Holding | 6.09 Bn | 5.68 Bn | 301.80 Mn | 17.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 326.08 Mn |
| 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 |