Garmin (GRMN) Tax Provisions (2009 - 2026)
Garmin (GRMN) reported Tax Provisions of $109.14 million for Q2 2026, up 37.4% from $79.43 million a year earlier and up 61.8% from the prior quarter.
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Analysis
Garmin (GRMN) Tax Provisions (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 27, 2026, Garmin's Tax Provisions came in at $391.5 million, up 29.1% year-over-year; for FY2025, it was $350.65 million, up 23.5% from FY2024.
- Tax Provisions has a five-year compound annual growth rate of 25.8% (FY2020 to FY2025).
- By year, Tax Provisions came in at $283.97 million in FY2024, -$89.28 million in FY2023, $91.39 million in FY2022 (-26.7%) and $124.6 million in FY2021 (+12.2%).
- The Q2 2026 figure ranks as the highest quarterly Tax Provisions since Q3 2014.
- Year over year, Tax Provisions has now increased in each of the last ten quarters, with growth averaging 125.0% over the last eight quarters.
- The high point for year-over-year Tax Provisions in five years was Q4 2024 (growth of 563.6%); the low point was Q4 2023 (a decline of 66.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $67.45 million (Q1 2026), $106.71 million (Q4 2025) and $108.21 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 6.48 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 1.07 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 998.00 Mn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 291.40 Mn |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 946.00 Mn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 211.00 Mn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 52.00 Mn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 799.82 Mn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | -296.60 Mn |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn | 109.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 109.14 Mn |
| Mar 28, 2026 | 67.45 Mn |
| Dec 27, 2025 | 106.71 Mn |
| Sep 27, 2025 | 108.21 Mn |
| Jun 28, 2025 | 79.43 Mn |
| Mar 29, 2025 | 56.31 Mn |
| Dec 28, 2024 | 80.41 Mn |
| Sep 28, 2024 | 87.14 Mn |
| Jun 29, 2024 | 65.34 Mn |
| Mar 30, 2024 | 51.08 Mn |
| Dec 30, 2023 | 12.12 Mn |
| Sep 30, 2023 | 22.33 Mn |
| Jul 1, 2023 | 28.04 Mn |
| Apr 1, 2023 | 19.45 Mn |
| Dec 31, 2022 | 36.60 Mn |
| Sep 24, 2022 | 9.42 Mn |
| Jun 25, 2022 | 21.09 Mn |
| Mar 26, 2022 | 24.27 Mn |
| Dec 25, 2021 | 22.70 Mn |
| Sep 25, 2021 | 16.35 Mn |
API Access
Garmin Tax Provisions 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=tax-provisions&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();