Garmin (GRMN) Payables (2009 - 2026)
Garmin's Payables came in at $1.01 billion for Q2 2026, up 10.0% from $917.17 million a year earlier and up 192.7% 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 Q2 2026 figure represents the highest quarterly Payables in data going back to Q2 2009.
- Year-over-year, Payables increased in seven of the last eight quarters, with growth averaging 16.7%.
- 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 $344.72 million (Q1 2026), $520.84 million (Q4 2025) and $724.31 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 66.52 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 3.37 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 49.72 Bn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 692.70 Mn |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 976.00 Mn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 1.75 Bn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 1.77 Bn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 14.29 Bn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 567.40 Mn |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 25, 2021 | 705.17 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();