Garmin (GRMN) Non-Current Deferred Tax Liability (2009 - 2026)
Garmin's (GRMN) quarterly Non-Current Deferred Tax Liability came in at $107.4 million in Q2 2026, up 20.37% year-over-year from $89.2 million in Q2 2025, and down 3.92% quarter-over-quarter from $111.7 million in Q1 2026.
Analysis
Garmin (GRMN) Non-Current Deferred Tax Liability (2009 - 2026) Analysis & Trends
Garmin has disclosed Non-Current Deferred Tax Liability across 18 years of filings, most recently posting $107.4 million for Q2 2026.
- In Q2 2026, Non-Current Deferred Tax Liability rose 20.37% year-over-year to $107.4 million; the TTM figure through Jun 2026 stood at $107.4 million (up 20.37% YoY), while the FY2025 annual figure was $109.7 million, up 6.22% from the prior year.
- Non-Current Deferred Tax Liability came in at $107.4 million for Q2 2026 at Garmin, down from $111.7 million in the prior quarter.
- In the past five years, Non-Current Deferred Tax Liability ranged from a high of $131.8 million in Q2 2023 to a low of $89.2 million in Q2 2025.
- Average Non-Current Deferred Tax Liability over 5 years is $112.2 million, with a median of $112.8 million recorded in 2024.
- Year-over-year, Non-Current Deferred Tax Liability fell 13.53% in 2024 and rose 20.37% in 2026.
- Over 5 years, Non-Current Deferred Tax Liability stood at $130.0 million in 2022, then slipped by 11.76% to $114.7 million in 2023, then fell by 9.95% to $103.3 million in 2024, then advanced by 6.22% to $109.7 million in 2025, then fell by 2.13% to $107.4 million in 2026.
- Per Business Quant data, the three most recent Non-Current Deferred Tax Liability figures were $107.4 million in Q2 2026, $111.7 million in Q1 2026, and $109.7 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 | 107.37 Mn |
| Mar 28, 2026 | 111.74 Mn |
| Dec 27, 2025 | 109.70 Mn |
| Sep 27, 2025 | 109.04 Mn |
| Jun 28, 2025 | 89.19 Mn |
| Mar 29, 2025 | 104.92 Mn |
| Dec 28, 2024 | 103.27 Mn |
| Sep 28, 2024 | 105.00 Mn |
| Jun 29, 2024 | 102.95 Mn |
| Mar 30, 2024 | 113.93 Mn |
| Dec 30, 2023 | 114.68 Mn |
| Sep 30, 2023 | 116.42 Mn |
| Jul 1, 2023 | 116.65 Mn |
| Apr 1, 2023 | 131.75 Mn |
| Dec 31, 2022 | 129.97 Mn |
| Sep 24, 2022 | 117.94 Mn |
| Jun 25, 2022 | 118.06 Mn |
| Mar 26, 2022 | 117.65 Mn |
| Dec 25, 2021 | 117.60 Mn |
| Sep 25, 2021 | 127.73 Mn |