Garmin Ltd. (GRMN) Tax Rate: 17.41%
Is Garmin Ltd.’s tax rate high or low?
Garmin Ltd.'s tax rate of 17.41% is 88% above its 5-year average of 9.28%, near the high end of its 5-year range (-7.44%–17.41%).
1.93% above its 12-month average of 17.08%.
GRMN Tax Rate Chart
GRMN Average Tax Rate Chart
GRMN Current vs Average Tax Rate Chart
GRMN Tax Rate Metrics
TAX RATE
17.41%
TAX RATE AVG TTM
17.08%
TAX RATE AVG 3Y
8.82%
TAX RATE AVG 5Y
9.28%
TAX RATE AVG 10Y
10.13%
TAX RATE AVG 15Y
11.89%
TAX RATE AVG 20Y
12.65%
CURRENT VS TTM AVG
+1.93%
CURRENT VS 3Y AVG
+97.28%
CURRENT VS 5Y AVG
+87.57%
CURRENT VS 10Y AVG
+71.79%
CURRENT VS 15Y AVG
+46.48%
CURRENT VS 20Y AVG
+37.67%
Garmin Ltd. Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Garmin Ltd. Tax Rate FAQ
- What is the tax rate for Garmin Ltd. (GRMN)?
- The tax rate for GRMN stock is 17.41%.
- Is Garmin Ltd.'s tax rate high or low?
- Garmin Ltd.'s tax rate of 17.41% is 88% above its 5-year average of 9.28%, near the high end of its 5-year range (-7.44%–17.41%).
- What is the TTM average tax rate for Garmin Ltd. (GRMN)?
- The TTM average tax rate for GRMN stock is 17.08%.
- What is the 3Y average tax rate for Garmin Ltd. (GRMN)?
- The 3Y average tax rate for GRMN stock is 8.82%.
- What is the 5Y average tax rate for Garmin Ltd. (GRMN)?
- The 5Y average tax rate for GRMN stock is 9.28%.
- What is the 10Y average tax rate for Garmin Ltd. (GRMN)?
- The 10Y average tax rate for GRMN stock is 10.13%.
- What is the 15Y average tax rate for Garmin Ltd. (GRMN)?
- The 15Y average tax rate for GRMN stock is 11.89%.
- What is the 20Y average tax rate for Garmin Ltd. (GRMN)?
- The 20Y average tax rate for GRMN stock is 12.65%.
Garmin Ltd. Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-27 | 17.41% |
| 2024-12-28 | 16.75% |
| 2023-12-31 | -7.44% |
| 2022-12-31 | 8.58% |
| 2021-12-31 | 10.32% |
| 2020-12-31 | 10.07% |
| 2019-12-31 | 3.52% |
| 2018-12-31 | 15.69% |
| 2017-12-31 | -1.86% |
| 2016-12-31 | 18.88% |
| 2015-12-31 | 19.56% |
| 2014-12-31 | 49.68% |
| 2013-12-31 | 6.30% |
| 2012-12-31 | 13.15% |
| 2011-12-31 | 10.83% |
| 2010-12-31 | -1.27% |
| 2009-12-31 | 12.95% |
| 2008-12-31 | 19.85% |
| 2007-12-31 | 12.60% |
| 2006-12-31 | 13.53% |
| 2005-12-31 | 16.47% |
| 2004-12-31 | 19.40% |
| 2003-12-31 | 20.94% |
| 2002-12-31 | 21.86% |
| 2001-12-31 | 25.38% |
| 2000-12-31 | 25.02% |
| 1999-12-31 | 23.73% |
Related Metrics
About Garmin Ltd.
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Clifton Albert Pemble