Garmin (GRMN) Tax Provisions (2009 - 2026)

Garmin has disclosed Tax Provisions across 17 years of filings, most recently posting $67.5 million for Q1 2026.

• Tax Provisions for Q1 2026 came in at $67.5 million, up 19.79% year-over-year; the trailing twelve-month figure through Mar 2026 was $279.2 million (up 162.02% YoY), and the FY2025 annual result was $268.1 million, up 164.55% from the prior year.
• Tax Provisions came in at $67.5 million for Q1 2026 at Garmin, up from $24.2 million in the prior quarter.
• In the past five years, Tax Provisions ranged from a high of $108.2 million in Q3 2025 to a low of -$102.2 million in Q4 2024.
• The 5-year median for Tax Provisions is $24.3 million (2022), against an average of $34.2 million.
• Peak annual rise in Tax Provisions reached 290.27% in 2024, while the deepest fall reached 943.64% in 2024.
• Garmin's Tax Provisions stood at $7.2 million in 2022, then soared by 69.03% to $12.1 million in 2023, then plunged by 943.64% to -$102.2 million in 2024, then soared by 123.64% to $24.2 million in 2025, then soared by 179.2% to $67.5 million in 2026.
• The last three Tax Provisions figures came in at $67.5 million (Q1 2026), $24.2 million (Q4 2025), and $108.2 million (Q3 2025), per Business Quant data.