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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 & AdministrativeShares OutstandingShares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
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Ratios

Garmin (GRMN) Tax Rate (2017 - 2025)

Garmin (GRMN) has disclosed Tax Rate for 16 consecutive years, with 21.12% as the latest value for Q4 2025.

  • Quarterly Tax Rate fell 132.0% to 21.12% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 5.45% through Dec 2025, down 53.0% year-over-year, with the annual reading at 5.45% for FY2025, 53.0% down from the prior year.
  • Tax Rate hit 21.12% in Q4 2025 for Garmin, down from 21.22% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 21.22% in Q3 2025 to a low of 37.53% in Q4 2021.
  • Historically, Tax Rate has averaged 5.56% across 5 years, with a median of 8.82% in 2023.
  • Biggest five-year swings in Tax Rate: crashed -5063bps in 2021 and later soared 3970bps in 2022.
  • Year by year, Tax Rate stood at 37.53% in 2021, then soared by 106bps to 2.17% in 2022, then skyrocketed by 46bps to 3.16% in 2023, then tumbled by -726bps to 19.8% in 2024, then decreased by -7bps to 21.12% in 2025.
  • Business Quant data shows Tax Rate for GRMN at 21.12% in Q4 2025, 21.22% in Q3 2025, and 16.54% in Q2 2025.