Income tax expense · 2011–2025
Garmin income tax expense
$351M+23.5% · FY2025
Garmin (GRMN) reported $351M in income tax expense for fiscal 2025, +23.5% year on year.
| Fiscal year | Income tax expense | Change | Filing |
|---|---|---|---|
| FY20252025-12-27 | $351M | +23.5% | Open → |
| FY20242024-12-28 | $284M | +$373M | Open → |
| FY20232023-12-30 | −$89.3M | −$181M | Open → |
| FY20222022-12-31 | $91.4M | −26.7% | Open → |
| FY20212021-12-25 | $125M | +12.2% | Open → |
| FY20202020-12-26 | $111M | +219.8% | Open → |
| FY20192019-12-28 | $34.7M | −73.1% | Open → |
| FY20182018-12-29 | $129M | +$141M | Open → |
| FY20172017-12-30 | −$11.9M | −$133M | Open → |
| FY20162016-12-31 | $121M | +9.0% | Open → |
| FY20152015-12-26 | $111M | −69.1% | Open → |
| FY20142014-12-27 | $360M | +773.8% | Open → |
| FY20132013-12-28 | $41.1M | −49.9% | Open → |
| FY20122012-12-29 | $82.1M | +29.8% | Open → |
| FY20112011-12-31 | $63.3M | — | Open → |
Income tax expense — Income tax expense is the tax a company charged against profit in its income statement for the year. It is not the same as the cash it handed to tax authorities: deferred tax, provisions and timing differences separate the two, often by billions. The cash figure is a different line in the cash-flow statement.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +13.0%
Income tax expense at companies of similar size
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Garmin income tax expense |url=https://companiesranked.com/en/company/garmin/income-tax-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Garmin income tax expense. CompaniesRanked. https://companiesranked.com/en/company/garmin/income-tax-expenseBibTeX
@misc{companiesranked-en-company-garmin-income-tax-expense-2026,
author = {{CompaniesRanked}},
title = {{Garmin income tax expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/garmin/income-tax-expense}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001193125-26-056028 · February 18, 2026
{{cite web |title=Garmin income tax expense — 10-K (0001193125-26-056028) |url=https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/grmn-20251227.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-18}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.