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Garmin (GRMN) Tax Provisions: 2009-2024

Historic Tax Provisions for Garmin (GRMN) over the last 15 years, with Dec 2024 value amounting to $373.6 million.

  • Garmin's Tax Provisions rose 24.18% to $108.2 million in Q3 2025 from the same period last year, while for Sep 2025 it was $414.0 million, marking a year-over-year increase of 91.95%. This contributed to the annual value of $373.6 million for FY2024, which is 49.18% up from last year.
  • As of FY2024, Garmin's Tax Provisions stood at $373.6 million, which was up 49.18% from $250.4 million recorded in FY2023.
  • In the past 5 years, Garmin's Tax Provisions registered a high of $373.6 million during FY2024, and its lowest value of $111.1 million during FY2020.
  • Its 3-year average for Tax Provisions is $286.0 million, with a median of $250.4 million in 2023.
  • Per our database at Business Quant, Garmin's Tax Provisions decreased by 9.74% in 2020 and then soared by 79.82% in 2022.
  • Over the past 5 years, Garmin's Tax Provisions (Yearly) stood at $111.1 million in 2020, then grew by 17.06% to $130.0 million in 2021, then soared by 79.82% to $233.8 million in 2022, then climbed by 7.10% to $250.4 million in 2023, then soared by 49.18% to $373.6 million in 2024.