Garmin (GRMN) Long-Term Deferred Tax (2009 - 2026)
Garmin (GRMN) posted Long-Term Deferred Tax of $717.8 million for Q2 2026, down 15.8% from $852.55 million a year earlier and down 0.6% from the prior quarter.
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Analysis
Garmin (GRMN) Long-Term Deferred Tax (2009 - 2026) Analysis & Trends
At the end of FY2025, Garmin's Long-Term Deferred Tax came in at $718.09 million, down 12.7% from FY2024.
- Annual Long-Term Deferred Tax shows a five-year compound annual growth rate of 23.9% (FY2020 to FY2025).
- In prior years, Garmin's Long-Term Deferred Tax was $822.52 million in FY2024 (+9.0%), $754.64 million in FY2023 (+71.1%), $441.07 million in FY2022 (+69.5%) and $260.21 million in FY2021 (+6.0%).
- The Q2 2026 figure stands as the lowest quarterly Long-Term Deferred Tax since Q3 2023.
- On a year-over-year basis, Long-Term Deferred Tax has declined in each of the last four quarters, with growth averaging 4.8% over the last eight quarters.
- The strongest year-over-year quarter for Long-Term Deferred Tax in the past five years was Q4 2023, with growth of 71.1%; the weakest was Q2 2026, with a decline of 15.8%.
- According to Business Quant data, Long-Term Deferred Tax for the three prior quarters was $721.89 million (Q1 2026), $718.09 million (Q4 2025) and $782.09 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 3 | Dell Technologies | 313.76 Bn | 269.51 Bn | 9.83 Bn |
| 4 | Arista Networks | 232.68 Bn | 186.14 Bn | 1.91 Bn |
| 5 | Sandisk | 202.67 Bn | 191.19 Bn | 7.58 Bn |
| 6 | Seagate Technology Holdings | 152.82 Bn | 147.82 Bn | 1.90 Bn |
| 7 | Sony | 149.85 Bn | 87.11 Bn | 6.53 Bn |
| 8 | Western Digital | 130.59 Bn | 118.72 Bn | 2.03 Bn |
| 9 | Hewlett Packard Enterprise | 77.78 Bn | 55.65 Bn | 4.93 Bn |
| 10 | Garmin | 56.29 Bn | 45.64 Bn | 1.26 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 717.80 Mn |
| Mar 28, 2026 | 721.89 Mn |
| Dec 27, 2025 | 718.09 Mn |
| Sep 27, 2025 | 782.09 Mn |
| Jun 28, 2025 | 852.55 Mn |
| Mar 29, 2025 | 831.82 Mn |
| Dec 28, 2024 | 822.52 Mn |
| Sep 28, 2024 | 787.85 Mn |
| Jun 29, 2024 | 777.02 Mn |
| Mar 30, 2024 | 763.08 Mn |
| Dec 30, 2023 | 754.64 Mn |
| Sep 30, 2023 | 514.88 Mn |
| Jul 1, 2023 | 493.94 Mn |
| Apr 1, 2023 | 455.10 Mn |
| Dec 31, 2022 | 441.07 Mn |
| Sep 24, 2022 | 390.11 Mn |
| Jun 25, 2022 | 348.00 Mn |
| Mar 26, 2022 | 301.72 Mn |
| Dec 25, 2021 | 260.21 Mn |
| Sep 25, 2021 | 251.98 Mn |
API Access
Garmin Long-Term Deferred Tax 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=long-term-deferred-tax&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "long-term-deferred-tax", "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=long-term-deferred-tax&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();