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
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