Garmin Ltd
GRMNNYSESearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends December 26
Financials through Q2 FY2026, quarter ended Jun 27, 2026Last filing: 10-Q on Oct 28, 2026Score 22/3010% above fair value
$274.29+1.62 (+0.59%)
Close on Nov 2, 2026Market cap $52.90BP/E 28.3Yield –
Garmin GAAP Effective Income Tax Rate % by Year
GAAP Effective Income Tax Rate % (Reported) (%)
Garmin GAAP Effective Income Tax Rate %: 17.4% in FY2025, up 0.7 pts from a year earlier.
Latest, FY2025
17.4%
Period ended Dec 31, 2025
Change on a year earlier
+0.7 pts
16.7% in FY2024
History
4 years
Since FY2022
Sources
2
Documents cited below
Where the FY2025 figure comes from
Source: SEC XBRL (10-K 0001193125-26-056028, us-gaap:EffectiveIncomeTaxRateContinuingOperations) ↗
Reported in Form 10-K & Form 10-Q Note — Income Taxes.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | GAAP Effective Income Tax Rate % (Reported) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 17.4% | +0.7 pts | SEC XBRL (10-K 0001193125-26-056028, us-gaap:EffectiveIncomeTaxRateContinuingOperations) ↗ |
| FY2024 | Dec 31, 2024 | 16.7% | +24.1 pts | SEC XBRL (10-K 0001193125-26-056028, us-gaap:EffectiveIncomeTaxRateContinuingOperations) ↗ |
| FY2023 | Dec 31, 2023 | -7.4% | -16.4 pts | SEC XBRL (10-K 0001193125-26-056028, us-gaap:EffectiveIncomeTaxRateContinuingOperations) ↗ |
| FY2022 | Dec 31, 2022 | 9.0% | – | SEC XBRL (10-K 0000950170-24-017559, us-gaap:EffectiveIncomeTaxRateContinuingOperations) ↗ |
Cite this data
StockData. (2026). Garmin GAAP Effective Income Tax Rate % (%), annual FY2022–FY2025 [Data set]. Compiled from Garmin SEC filings and investor materials. https://stockdatahq.com/stocks/grmn/kpis/effective-tax-rate-pct
See every metric in the Garmin KPI table. Data updated Nov 3, 2026.