Garmin (GRMN) Deferred Taxes (2009 - 2026)
Garmin's Deferred Taxes came in at $117,000 for Q2 2026, compared with -$38.16 million a year earlier and down 96.5% from the prior quarter.
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Analysis
Garmin (GRMN) Deferred Taxes (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 27, 2026, Garmin reported Deferred Taxes of $135.72 million; for FY2025, it was $82.55 million.
- Deferred Taxes carries a five-year compound annual growth rate of 64.1% (FY2020 to FY2025).
- Going back by year, Deferred Taxes was -$88.14 million in FY2024, -$340.77 million in FY2023, -$143.29 million in FY2022 and -$5.37 million in FY2021.
- The five-year range for quarterly Deferred Taxes is -$250.56 million (Q4 2023) to $69.08 million (Q3 2025).
- Business Quant data shows GRMN's Deferred Taxes at $3.3 million (Q1 2026), $63.22 million (Q4 2025) and $69.08 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,040.97 Bn | 4,788.46 Bn | 54.77 Bn | - |
| 2 | Cisco Systems | 424.45 Bn | 360.38 Bn | 11.06 Bn | 443.00 Mn |
| 3 | Dell Technologies | 313.76 Bn | 269.51 Bn | 9.83 Bn | -22.00 Mn |
| 4 | Arista Networks | 232.68 Bn | 186.14 Bn | 1.91 Bn | -108.20 Mn |
| 5 | Sandisk | 202.67 Bn | 191.19 Bn | 7.58 Bn | 162.00 Mn |
| 6 | Seagate Technology Holdings | 152.82 Bn | 147.82 Bn | 1.90 Bn | -1.00 Mn |
| 7 | Sony | 149.85 Bn | 87.11 Bn | 6.53 Bn | - |
| 8 | Western Digital | 130.59 Bn | 118.72 Bn | 2.03 Bn | -2.00 Mn |
| 9 | Hewlett Packard Enterprise | 77.78 Bn | 55.65 Bn | 4.93 Bn | -47.00 Mn |
| 10 | Garmin | 56.29 Bn | 45.64 Bn | 1.26 Bn | 117,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 117,000.00 |
| Mar 28, 2026 | 3.30 Mn |
| Dec 27, 2025 | 63.22 Mn |
| Sep 27, 2025 | 69.08 Mn |
| Jun 28, 2025 | -38.16 Mn |
| Mar 29, 2025 | -11.59 Mn |
| Dec 28, 2024 | -34.17 Mn |
| Sep 28, 2024 | -18.19 Mn |
| Jun 29, 2024 | -26.17 Mn |
| Mar 30, 2024 | -9.61 Mn |
| Dec 30, 2023 | -250.56 Mn |
| Sep 30, 2023 | -21.36 Mn |
| Jul 1, 2023 | -53.15 Mn |
| Apr 1, 2023 | -15.71 Mn |
| Dec 31, 2022 | -42.15 Mn |
| Sep 24, 2022 | -34.75 Mn |
| Jun 25, 2022 | -40.39 Mn |
| Mar 26, 2022 | -26.00 Mn |
| Dec 25, 2021 | -13.73 Mn |
| Sep 25, 2021 | 2.80 Mn |
API Access
Garmin Deferred Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=deferred-taxes&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=deferred-taxes&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();