Garmin (GRMN) Deferred Taxes (2009 - 2026)
Garmin's Deferred Taxes came in at $30.11 million for Q3 2026, down 56.4% from $69.08 million a year earlier.
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Analysis
Garmin (GRMN) Deferred Taxes (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 26, 2026, Garmin reported Deferred Taxes of $96.75 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 $117,000 (Q2 2026), $3.3 million (Q1 2026) and $63.22 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,177.41 Bn | 4,922.87 Bn | 54.82 Bn | - |
| 2 | Cisco Systems | 377.40 Bn | 377.40 Bn | 11.79 Bn | -38.00 Mn |
| 3 | Arista Networks | 249.38 Bn | 198.58 Bn | 2.33 Bn | 582.40 Mn |
| 4 | Dell Technologies | 220.34 Bn | 176.10 Bn | 9.83 Bn | -22.00 Mn |
| 5 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | - |
| 6 | Sandisk | 127.44 Bn | 112.27 Bn | 9.38 Bn | -20.00 Mn |
| 7 | Seagate Technology Holdings | 121.35 Bn | 116.20 Bn | 2.43 Bn | -57.00 Mn |
| 8 | Western Digital | 110.67 Bn | 100.50 Bn | 2.53 Bn | -30.00 Mn |
| 9 | Hewlett Packard Enterprise | 64.15 Bn | 42.09 Bn | 4.93 Bn | -47.00 Mn |
| 10 | Garmin | 54.56 Bn | 44.11 Bn | 1.26 Bn | 30.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 30.11 Mn |
| 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 |
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();