GARMIN LTD Income Tax Expense 2007-2026 | GRMN
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What is income tax expense?
Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.
What is GARMIN LTD's current income tax expense?
GARMIN LTD (GRMN) annual income tax expense for 2025 was $350.6M, a 23.48% increase from 2024. GARMIN LTD income tax expense for the quarter ending March 28, 2026 was $67.5M.
What was GARMIN LTD's income tax expense in 2024?
GARMIN LTD annual income tax expense for 2024 was $284.0M, a 418.06% increase from 2023.
What was GARMIN LTD's income tax expense in 2023?
GARMIN LTD annual income tax expense for 2023 was $-89.3M, a 197.69% decline from 2022.
What is GARMIN LTD's 5-year income tax expense CAGR?
GARMIN LTD income tax expense grew at a compound annual growth rate (CAGR) of 25.85% from FY2020 to FY2025, going from $111.1M to $350.6M over 5 years.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+25.8%
FY2020
$111.1M
→
FY2025
$350.6M
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5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $350.6M | +23.5% | 10-K |
| FY2024 | $284.0M | +418.1% | 10-K |
| FY2023 | $-89.3M | -197.7% | 10-K |
| FY2022 | $91.4M | -26.7% | 10-K |
| FY2021 | $124.6M | +12.2% | 10-K |
| FY2020 | $111.1M | +219.8% | 10-K |
| FY2019 | $34.7M | -73.1% | 10-K |
| FY2018 | $129.2M | +1182.2% | 10-K |
| FY2017 | $-11.9M | -109.9% | 10-K |
| FY2016 | $120.9M | +9.0% | 10-K |
| FY2015 | $111.0M | -69.1% | 10-K |
| FY2014 | $359.5M | +773.8% | 10-K |
| FY2013 | $41.1M | -49.9% | 10-K |
| FY2012 | $82.1M | +29.8% | 10-K |
| FY2011 | $63.3M | +963.0% | 10-K |
| FY2010 | $-7.3M | -107.0% | 10-K |
| FY2009 | $104.7M | -42.3% | 10-K |
| FY2008 | $181.5M | +47.3% | 10-K |
| FY2007 | $123.3M | - | 10-K |
Company: GARMIN LTDTicker: GRMNSector: OtherIndustry: Search, Detection, Navigation, Guidance, Aeronautical SysView company profile →