Garmin (GRMN) Deferred Taxes (2009 - 2026)

Garmin has disclosed Deferred Taxes across 18 years of filings, most recently posting $3.3 million for Q1 2026.

• Deferred Taxes for Q1 2026 came in at $3.3 million, up 128.47% year-over-year; the trailing twelve-month figure through Mar 2026 was $97.4 million (up 208.12% YoY), and the FY2025 annual result was $82.5 million, up 193.66% from the prior year.
• Deferred Taxes came in at $3.3 million for Q1 2026 at Garmin, down from $63.2 million in the prior quarter.
• In the past five years, Deferred Taxes ranged from a high of $69.1 million in Q3 2025 to a low of -$250.6 million in Q4 2023.
• The 5-year median for Deferred Taxes is -$26.0 million (2022), against an average of -$28.6 million.
• Across the five-year window, Deferred Taxes slumped 5330.58% in 2022 and surged 479.8% in 2025, its largest moves.
• Garmin's Deferred Taxes stood at -$42.2 million in 2022, then slumped 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 sank by 94.78% to $3.3 million in 2026.
• The last three Deferred Taxes figures came in at $3.3 million (Q1 2026), $63.2 million (Q4 2025), and $69.1 million (Q3 2025), per Business Quant data.