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Garmin (GRMN) Tax Rate (2017 - 2026)

Garmin's Tax Rate history spans 17 years, with the latest figure at 14.27% for Q1 2026.

  • On a quarterly basis, Tax Rate fell 20.0% to 14.27% in Q1 2026 year-over-year; TTM through Mar 2026 was 13.31%, a 725.0% increase, with the full-year FY2025 number at 13.31%, up 733.0% from a year prior.
  • Tax Rate hit 14.27% in Q1 2026 for Garmin, up from 3.8% in the prior quarter.
  • Over the last five years, Tax Rate for GRMN hit a ceiling of 21.22% in Q3 2025 and a floor of 19.8% in Q4 2024.
  • Historically, Tax Rate has averaged 9.12% across 5 years, with a median of 8.87% in 2023.
  • Biggest five-year swings in Tax Rate: plummeted -2297bps in 2024 and later skyrocketed 2361bps in 2025.
  • Tracing GRMN's Tax Rate over 5 years: stood at 2.17% in 2022, then soared by 46bps to 3.16% in 2023, then plummeted by -726bps to 19.8% in 2024, then surged by 119bps to 3.8% in 2025, then soared by 275bps to 14.27% in 2026.
  • Business Quant data shows Tax Rate for GRMN at 14.27% in Q1 2026, 3.8% in Q4 2025, and 21.22% in Q3 2025.