01—History
Income Tax Expense History
Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.
- $350.6M
6 older moves run past ±150% (largest +1182.2%); point at, tap or drag across the bars to read one.
02—Ledger
Income Tax Expense, period by period
| Period | Scale | 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 |
03—Questions
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.
- Company
- GARMIN LTD
- Ticker
- GRMN
- Sector
- Other
- Industry
- Search, Detection, Navigation, Guidance, Aeronautical Sys