Garmin (GRMN) Long-Term Deferred Tax (2009 - 2026)
Garmin's (GRMN) quarterly Long-Term Deferred Tax came in at $717.8 million in Q2 2026, down 15.81% year-over-year from $852.6 million in Q2 2025, and down 0.57% quarter-over-quarter from $721.9 million in Q1 2026.
Analysis
Garmin (GRMN) Long-Term Deferred Tax (2009 - 2026) Analysis & Trends
Garmin has disclosed Long-Term Deferred Tax across 18 years of filings, most recently posting $717.8 million for Q2 2026.
- In Q2 2026, Long-Term Deferred Tax fell 15.81% year-over-year to $717.8 million; the TTM figure through Jun 2026 stood at $717.8 million (down 15.81% YoY), while the FY2025 annual figure was $718.1 million, down 12.7% from the prior year.
- Long-Term Deferred Tax came in at $717.8 million for Q2 2026 at Garmin, down from $721.9 million in the prior quarter.
- In the past five years, Long-Term Deferred Tax ranged from a high of $852.6 million in Q2 2025 to a low of $301.7 million in Q1 2022.
- Average Long-Term Deferred Tax over 5 years is $637.5 million, with a median of $720.0 million recorded in 2025.
- Year-over-year, Long-Term Deferred Tax jumped 71.09% in 2023 and decreased 15.81% in 2026.
- Over 5 years, Long-Term Deferred Tax stood at $441.1 million in 2022, then jumped by 71.09% to $754.6 million in 2023, then grew by 9.0% to $822.5 million in 2024, then dropped by 12.7% to $718.1 million in 2025, then decreased by 0.04% to $717.8 million in 2026.
- Per Business Quant data, the three most recent Long-Term Deferred Tax figures were $717.8 million in Q2 2026, $721.9 million in Q1 2026, and $718.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 4,859.45 Bn | 4,797.05 Bn | 54.77 Bn |
| 2 | Garmin | 53.81 Bn | 51.14 Bn | 1.26 Bn |
| 3 | Vuzix | 211.42 Mn | 194.13 Mn | -645,411.00 |
| 4 | Zepp Health | 69.33 Mn | -328,416.31 | 23.73 Mn |
| 5 | Foxx Development Holdings | 17.72 Mn | 14.53 Mn | -1.45 Mn |
| 6 | Wearable Devices | 652,391.50 | -18.19 Mn | - |
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 |