Garmin (GRMN) Tax Rate (2009 - 2026)

Garmin has disclosed Tax Rate across 17 years of filings, most recently posting 16.76% for Q2 2026.

• In Q2 2026, Tax Rate rose 22.0% year-over-year to 16.76%; the TTM figure through Jun 2026 stood at 17.26% (down 374.0% YoY), while the FY2025 annual figure was 17.41%, down 463.0% from the prior year.
• Tax Rate came in at 16.76% for Q2 2026 at Garmin, up from 14.27% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 32.95% in Q4 2024 to a low of 2.17% in Q4 2022.
• Average Tax Rate over 5 years is 13.19%, with a median of 14.37% recorded in 2025.
• Year-over-year, Tax Rate plunged 4689 bps in 2022 and surged 2978 bps in 2024.
• Over 5 years, Tax Rate stood at 2.17% in 2022, then surged by 46 bps to 3.16% in 2023, then soared by 942 bps to 32.95% in 2024, then sank by 49 bps to 16.79% in 2025, then fell by 0 bps to 16.76% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 16.76% in Q2 2026, 14.27% in Q1 2026, and 16.79% in Q4 2025.