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Garmin (GRMN) Tax Rate: 2009-2025

Historic Tax Rate for Garmin (GRMN) over the last 11 years, with Sep 2025 value amounting to 21.22%.

  • Garmin's Tax Rate rose 330.00% to 21.22% in Q3 2025 from the same period last year, while for Sep 2025 it was 21.84%, marking a year-over-year increase of 804.00%. This contributed to the annual value of 22.04% for FY2024, which is 117.00% up from last year.
  • As of Q3 2025, Garmin's Tax Rate stood at 21.22%, which was up 28.33% from 16.54% recorded in Q2 2025.
  • Garmin's Tax Rate's 5-year high stood at 54.28% during Q4 2022, with a 5-year trough of 3.16% in Q4 2023.
  • Over the past 3 years, Garmin's median Tax Rate value was 15.62% (recorded in 2024), while the average stood at 15.03%.
  • As far as peak fluctuations go, Garmin's Tax Rate skyrocketed by 4,517bps in 2022, and later slumped by 5,112bps in 2023.
  • Garmin's Tax Rate (Quarterly) stood at 9.11% in 2021, then soared by 4,517bps to 54.28% in 2022, then crashed by 5,112bps to 3.16% in 2023, then spiked by 2,978bps to 32.95% in 2024, then surged by 330bps to 21.22% in 2025.
  • Its Tax Rate stands at 21.22% for Q3 2025, versus 16.54% for Q2 2025 and 14.47% for Q1 2025.