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Garmin (GRMN) Payables: 2009-2025

Historic Payables for Garmin (GRMN) over the last 13 years, with Sep 2025 value amounting to $724.3 million.

  • Garmin's Payables rose 9.37% to $724.3 million in Q3 2025 from the same period last year, while for Sep 2025 it was $2.5 billion, marking a year-over-year increase of 20.66%. This contributed to the annual value of $503.7 million for FY2024, which is 27.92% up from last year.
  • Per Garmin's latest filing, its Payables stood at $724.3 million for Q3 2025, which was down 21.03% from $917.2 million recorded in Q2 2025.
  • Garmin's Payables' 5-year high stood at $917.2 million during Q2 2025, with a 5-year trough of $208.8 million in Q2 2023.
  • Over the past 3 years, Garmin's median Payables value was $547.5 million (recorded in 2023), while the average stood at $543.9 million.
  • Per our database at Business Quant, Garmin's Payables crashed by 51.26% in 2023 and then soared by 41.84% in 2025.
  • Quarterly analysis of 5 years shows Garmin's Payables stood at $628.1 million in 2021, then slumped by 43.93% to $352.1 million in 2022, then grew by 11.82% to $393.8 million in 2023, then grew by 27.92% to $503.7 million in 2024, then grew by 9.37% to $724.3 million in 2025.
  • Its Payables stands at $724.3 million for Q3 2025, versus $917.2 million for Q2 2025 and $344.8 million for Q1 2025.