Garmin (GRMN) Current Taxes (2009 - 2026)
Garmin's (GRMN) quarterly Current Taxes came in at $326.1 million in Q2 2026, up 15.23% year-over-year from $283.0 million in Q2 2025, and up 5.77% quarter-over-quarter from $308.3 million in Q1 2026.
Analysis
Garmin (GRMN) Current Taxes (2009 - 2026) Analysis & Trends
Garmin has disclosed Current Taxes across 17 years of filings, most recently posting $326.1 million for Q2 2026.
- In Q2 2026, Current Taxes rose 15.23% year-over-year to $326.1 million; the TTM figure through Jun 2026 stood at $326.1 million (up 15.23% YoY), while the FY2025 annual figure was $381.5 million, up 29.52% from the prior year.
- Current Taxes came in at $326.1 million for Q2 2026 at Garmin, up from $308.3 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.
- Average Current Taxes over 5 years is $247.9 million, with a median of $250.5 million recorded in 2022.
- Year-over-year, Current Taxes surged 121.08% in 2022 and fell 10.67% in 2023.
- Over 5 years, 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 declined by 14.54% to $326.1 million in 2026.
- Per Business Quant data, the three most recent Current Taxes figures were $326.1 million in Q2 2026, $308.3 million in Q1 2026, and $381.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,784.34 Bn | 4,721.94 Bn | 54.77 Bn | - |
| 2 | Garmin | 52.47 Bn | 49.80 Bn | 1.26 Bn | 326.08 Mn |
| 3 | Vuzix | 212.26 Mn | 194.96 Mn | -645,411.00 | 76,061.00 |
| 4 | Zepp Health | 77.84 Mn | 8.18 Mn | 23.73 Mn | 249,000.00 |
| 5 | Foxx Development Holdings | 18.87 Mn | 15.68 Mn | -1.45 Mn | 556,620.00 |
| 6 | Wearable Devices | 741,166.25 | -18.10 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 |