Garmin (GRMN) Deferred Taxes (2009 - 2026)

Garmin (GRMN) has 18 years of Deferred Taxes data on file, last reported at $3.3 million in Q1 2026.

• Quarterly Deferred Taxes rose 128.47% year-over-year to $3.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $97.4 million (up 208.12% YoY) and the FY2025 annual result came in at $82.5 million, up 193.66% from the prior year.
• Deferred Taxes slipped to $3.3 million in Q1 2026 per GRMN's latest filing, from $63.2 million in the prior quarter.
• The five-year high for Deferred Taxes was $69.1 million in Q3 2025, with the low at -$250.6 million in Q4 2023.
• Average Deferred Taxes over 5 years is -$28.6 million, with a median of -$26.0 million recorded in 2022.
• Year-over-year, Deferred Taxes plunged 5330.58% in 2022 and soared 479.8% in 2025.
• Garmin's Deferred Taxes stood at -$42.2 million in 2022, then tumbled by 494.41% to -$250.6 million in 2023, then jumped by 86.36% to -$34.2 million in 2024, then jumped by 285.02% to $63.2 million in 2025, then slumped by 94.78% to $3.3 million in 2026.
• Business Quant data shows GRMN's Deferred Taxes at $3.3 million in Q1 2026, $63.2 million in Q4 2025, and $69.1 million in Q3 2025.