Garmin (GRMN) Tax Rate (2009 - 2026)

Garmin (GRMN) has 17 years of Tax Rate data on file, last reported at 14.27% in Q1 2026.

• Quarterly Tax Rate fell 20.0% year-over-year to 14.27% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.31% (up 725.0% YoY) and the FY2025 annual result came in at 13.31%, up 733.0% from the prior year.
• Tax Rate grew to 14.27% in Q1 2026 per GRMN's latest filing, from 3.8% in the prior quarter.
• The five-year high for Tax Rate was 21.22% in Q3 2025, with the low at 19.8% in Q4 2024.
• Average Tax Rate over 5 years is 9.12%, with a median of 8.87% recorded in 2023.
• Year-over-year, Tax Rate plunged 2297 bps in 2024 and soared 2361 bps in 2025.
• Garmin's Tax Rate stood at 2.17% in 2022, then surged by 46 bps to 3.16% in 2023, then tumbled by 726 bps to 19.8% in 2024, then jumped by 119 bps to 3.8% in 2025, then surged by 275 bps to 14.27% in 2026.
• Business Quant data shows GRMN's Tax Rate at 14.27% in Q1 2026, 3.8% in Q4 2025, and 21.22% in Q3 2025.