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Garmin (GRMN) Deferred Taxes: 2009-2024

Historic Deferred Taxes for Garmin (GRMN) over the last 14 years, with Dec 2024 value amounting to -$88.1 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 FY2024, Garmin's Deferred Taxes stood at -$88.1 million, which was up 74.14% from -$340.8 million recorded in FY2023.
  • Garmin's 5-year Deferred Taxes high stood at $6.9 million for FY2020, and its period low was -$340.8 million during FY2023.
  • Over the past 3 years, Garmin's median Deferred Taxes value was -$143.3 million (recorded in 2022), while the average stood at -$190.7 million.
  • In the last 5 years, Garmin's Deferred Taxes soared by 107.84% in 2020 and then crashed by 2,569.26% in 2022.
  • Over the past 5 years, Garmin's Deferred Taxes (Yearly) stood at $6.9 million in 2020, then tumbled by 177.45% to -$5.4 million in 2021, then tumbled by 2,569.26% to -$143.3 million in 2022, then slumped by 137.83% to -$340.8 million in 2023, then skyrocketed by 74.14% to -$88.1 million in 2024.