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Garmin (GRMN) Deferred Taxes: 2009-2025

Historic Deferred Taxes for Garmin (GRMN) over the last 16 years, with Sep 2025 value amounting to $69.1 million.

  • Garmin's Deferred Taxes rose 479.80% to $69.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was -$14.8 million, marking a year-over-year increase of 95.12%. This contributed to the annual value of -$88.1 million for FY2024, which is 74.14% up from last year.
  • As of Q3 2025, Garmin's Deferred Taxes stood at $69.1 million, which was up 281.02% from -$38.2 million recorded in Q2 2025.
  • Garmin's 5-year Deferred Taxes high stood at $69.1 million for Q3 2025, and its period low was -$250.6 million during Q4 2023.
  • Its 3-year average for Deferred Taxes is -$37.2 million, with a median of -$21.4 million in 2023.
  • In the last 5 years, Garmin's Deferred Taxes slumped by 5,330.58% in 2022 and then skyrocketed by 479.80% in 2025.
  • Quarterly analysis of 5 years shows Garmin's Deferred Taxes stood at -$13.7 million in 2021, then plummeted by 207.10% to -$42.2 million in 2022, then tumbled by 494.41% to -$250.6 million in 2023, then spiked by 86.36% to -$34.2 million in 2024, then soared by 479.80% to $69.1 million in 2025.
  • Its Deferred Taxes was $69.1 million in Q3 2025, compared to -$38.2 million in Q2 2025 and -$11.6 million in Q1 2025.