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Garmin (GRMN) Tax Rate (2017 - 2025)

Garmin's Tax Rate history spans 15 years, with the latest figure at 20.69% for Q4 2025.

  • For Q4 2025, Tax Rate changed N/A year-over-year to 20.69%; the TTM value through Dec 2025 reached 2.43%, changed N/A, while the annual FY2025 figure was 5.45%, 8.0% up from the prior year.
  • Tax Rate for Q4 2025 was 20.69% at Garmin, down from 15.79% in the prior quarter.
  • Across five years, Tax Rate topped out at 15.79% in Q1 2024 and bottomed at 48.93% in Q4 2021.
  • The 5-year median for Tax Rate is 5.65% (2021), against an average of 2.09%.
  • The largest annual shift saw Tax Rate plummeted -2607bps in 2021 before it skyrocketed 2841bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 48.93% in 2021, then surged by 48bps to 25.25% in 2022, then soared by 113bps to 3.16% in 2023, then surged by 399bps to 15.79% in 2024, then plummeted by -231bps to 20.69% in 2025.
  • Per Business Quant, the three most recent readings for GRMN's Tax Rate are 20.69% (Q4 2025), 15.79% (Q1 2024), and 3.16% (Q4 2023).