Garmin (GRMN) Current Taxes (2009 - 2026)
Garmin (GRMN) recorded Current Taxes of $326.08 million in Q2 2026, up 15.2% from $282.99 million a year earlier and up 5.8% from the prior quarter.
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Analysis
Garmin (GRMN) Current Taxes (2009 - 2026) Analysis & Trends
At the end of FY2025, Garmin reported Current Taxes of $381.55 million, up 29.5% from FY2024.
- Annual Current Taxes has a five-year compound annual growth rate of 40.9% (FY2020 to FY2025).
- Across earlier years, Current Taxes came in at $294.58 million in FY2024 (+30.6%), $225.48 million in FY2023 (-8.4%), $246.18 million in FY2022 (+92.2%) and $128.08 million in FY2021 (+86.8%).
- Quarterly Current Taxes has ranged from $109.86 million in Q3 2021 to $381.55 million in Q4 2025 over the past five years.
- On a year-over-year basis, Current Taxes rose in seven of the last eight quarters, with growth averaging 24.6%.
- Peak year-over-year performance for Current Taxes in the last five years was growth of 127.3% in Q3 2021, against a decline of 10.7% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $308.3 million (Q1 2026), $381.55 million (Q4 2025) and $293.48 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | - |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 190.00 Mn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | - |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | - |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 1.29 Bn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | - |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 173.00 Mn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 1.18 Bn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | - |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn | 326.08 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Garmin Current Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=current-taxes&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-taxes", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=current-taxes&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();