Garmin (GRMN) Payables (2009 - 2026)
Garmin's Payables came in at $905.45 million for Q3 2026, up 25.0% from $724.31 million a year earlier but down 10.3% from the prior quarter.
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Analysis
Garmin (GRMN) Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Garmin's Payables was $520.84 million, up 3.4% from FY2024.
- Payables has increased in each of the last three years, with a five-year compound annual growth rate of 1.1% (FY2020 to FY2025).
- Going back by year, Payables was $503.71 million in FY2024 (+27.9%), $393.79 million in FY2023 (+11.8%), $352.15 million in FY2022 (-43.9%) and $628.07 million in FY2021 (+27.5%).
- The five-year range for quarterly Payables is $208.8 million (Q1 2023) to $1.01 billion (Q2 2026).
- Year-over-year, Payables increased in seven of the last eight quarters, with growth averaging 17.2%.
- The fastest year-over-year change in Payables over five years came in Q1 2025 (growth of 41.8%), and the weakest in Q1 2023 (a decline of 51.3%).
- Business Quant data shows GRMN's Payables at $1.01 billion (Q2 2026), $344.72 million (Q1 2026) and $520.84 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,064.64 Bn | 4,810.10 Bn | 54.82 Bn | 84.25 Bn |
| 2 | Cisco Systems | 387.30 Bn | 323.23 Bn | 11.06 Bn | 3.37 Bn |
| 3 | Arista Networks | 233.88 Bn | 183.08 Bn | 2.33 Bn | 682.60 Mn |
| 4 | Dell Technologies | 213.96 Bn | 169.72 Bn | 9.83 Bn | 49.72 Bn |
| 5 | Sony | 164.26 Bn | 101.68 Bn | 7.96 Bn | 15.10 Bn |
| 6 | Sandisk | 123.84 Bn | 108.67 Bn | 9.38 Bn | 1.29 Bn |
| 7 | Seagate Technology Holdings | 115.23 Bn | 110.07 Bn | 2.43 Bn | 1.87 Bn |
| 8 | Western Digital | 108.25 Bn | 98.08 Bn | 2.53 Bn | 1.86 Bn |
| 9 | Hewlett Packard Enterprise | 63.71 Bn | 41.65 Bn | 4.93 Bn | 13.73 Bn |
| 10 | Garmin | 55.63 Bn | 45.19 Bn | 1.26 Bn | 905.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 905.45 Mn |
| Jun 27, 2026 | 1.01 Bn |
| Mar 28, 2026 | 344.72 Mn |
| Dec 27, 2025 | 520.84 Mn |
| Sep 27, 2025 | 724.31 Mn |
| Jun 28, 2025 | 917.17 Mn |
| Mar 29, 2025 | 344.80 Mn |
| Dec 28, 2024 | 503.71 Mn |
| Sep 28, 2024 | 662.23 Mn |
| Jun 29, 2024 | 764.51 Mn |
| Mar 30, 2024 | 243.09 Mn |
| Dec 30, 2023 | 393.79 Mn |
| Sep 30, 2023 | 547.48 Mn |
| Jul 1, 2023 | 672.60 Mn |
| Apr 1, 2023 | 208.80 Mn |
| Dec 31, 2022 | 352.15 Mn |
| Sep 24, 2022 | 689.67 Mn |
| Jun 25, 2022 | 884.19 Mn |
| Mar 26, 2022 | 428.39 Mn |
| Dec 25, 2021 | 628.07 Mn |
API Access
Garmin Payables 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=payables&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();