KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome towards Parent CompanyInterest & Investment IncomeNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeTax ProvisionsTax Rate
Others
Ratios

Garmin (GRMN) Tax Rate (2018 - 2025)

Historic Tax Rate for Garmin (GRMN) over the last 16 years, with Q3 2025 value amounting to 21.22%.

  • Garmin's Tax Rate rose 33000.0% 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 80400.0%. This contributed to the annual value of 22.04% for FY2024, which is 11700.0% up from last year.
  • According to the latest figures from Q3 2025, Garmin's Tax Rate is 21.22%, which was up 33000.0% from 16.54% recorded in Q2 2025.
  • In the past 5 years, Garmin's Tax Rate registered a high of 54.28% during Q4 2022, and its lowest value of 3.16% during Q4 2023.
  • In the last 5 years, Garmin's Tax Rate had a median value of 12.17% in 2021 and averaged 14.94%.
  • Per our database at Business Quant, Garmin's Tax Rate soared by 451700bps in 2022 and then crashed by -511200bps in 2023.
  • Garmin's Tax Rate (Quarter) stood at 9.11% in 2021, then soared by 496bps to 54.28% in 2022, then tumbled by -94bps to 3.16% in 2023, then skyrocketed by 942bps to 32.95% in 2024, then plummeted by -36bps 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.