Garmin (GRMN) Tax Provisions (2009 - 2026)
Garmin (GRMN) posted Tax Provisions of $109.1 million for Q2 2026, up 61.81% sequentially from $67.5 million in Q1 2026, and up 37.41% YoY from $79.4 million in Q2 2025.
Garmin (GRMN) Tax Provisions (2009 - 2026) Analysis & Trends
Garmin has reported Tax Provisions for 17 years, with the latest figure at $109.1 million in Q2 2026.
- Quarterly Tax Provisions rose 37.41% year-over-year to $109.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $391.5 million (changed 0.36% YoY) and the FY2025 annual result came in at $350.6 million, down 6.15% from the prior year.
- Tax Provisions climbed to $109.1 million in Q2 2026 per GRMN's latest filing, from $67.5 million in the prior quarter.
- Over five years, Tax Provisions peaked at $170.0 million in Q4 2024 and troughed at $7.2 million in Q4 2022.
- A 5-year average of $58.0 million and a median of $53.7 million in 2024 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2022 and 2024: Tax Provisions tumbled 61.69% in 2022, then jumped 1303.5% in 2024.
- Over 5 years, Tax Provisions stood at $7.2 million in 2022, then surged by 69.03% to $12.1 million in 2023, then surged by 1303.5% to $170.0 million in 2024, then sank by 37.25% to $106.7 million in 2025, then grew by 2.28% to $109.1 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $109.1 million, $67.5 million, and $106.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 109.14 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 69.00 Mn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 42.31 Mn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 69.60 Mn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 38.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 22.20 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 26.90 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 16.54 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 8.22 Mn |
| 10 | Sensata Technologies Holding | 6.09 Bn | 5.68 Bn | 301.80 Mn | 30.30 Mn |
Historic Data
Download 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 | 170.05 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 | 7.17 Mn |
| Sep 24, 2022 | 9.42 Mn |
| Jun 25, 2022 | 21.09 Mn |
| Mar 26, 2022 | 24.27 Mn |
| Sep 25, 2021 | 16.35 Mn |
| Jun 26, 2021 | 55.06 Mn |