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Garmin GRMN US — Income Tax Reconciliation State And Local Income Taxes
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Where this comes from
Reported directly by Garmin in its filing.
Tagged under the XBRL concept us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes.
The source filing: Garmin’s 10-K, filed February 18, 2026.
- Filed
- Feb 18, 2026, 7:01 AM EST
- Fiscal year
- FY2025
- Accession
- 0001193125-26-056028
| Line item | Fiscal Year Ended / December 27, 2025 / Amount | Fiscal Year Ended / December 27, 2025 / Percent | Fiscal Year Ended / December 28, 2024 / Amount | Fiscal Year Ended / December 28, 2024 / Percent | Fiscal Year Ended / December 30, 2023 / Amount | Fiscal Year Ended / December 30, 2023 / Percent |
|---|---|---|---|---|---|---|
| Foreign tax effects | ||||||
| United States | ||||||
| Statutory tax rate difference between the U.S. and Switzerland | 31,673 | 1.6% | 18,133 | 1.1% | (25,808) | -2.1% |
| State income taxes | (5,047) | -0.3% | (6,248) | -0.4% | (21,619) | -1.8% |
| Research and development tax credits | (34,507) | -1.7% | (38,227) | -2.3% | (31,849) | -2.7% |
| Foreign Derived Intangible Income deduction | - | 0.0% | (13,751) | -0.8% | (6,432) | -0.5% |
| Stock compensation | (14,149) | -0.7% | (9,252) | -0.5% | (1,101) | -0.1% |
| Other | 2,408 | 0.1% | 5,171 | 0.3% | 4,979 | 0.4% |
Item 8. Financial Statements and Supplementary Data
FAQ
- What is Garmin's US — income tax reconciliation state and local income taxes?
- Garmin (GRMN) reported US — income tax reconciliation state and local income taxes of -$1.26M in Q4 2025.
- How has Garmin's US — income tax reconciliation state and local income taxes changed year-over-year?
- Garmin's US — income tax reconciliation state and local income taxes increased by 19.2% year-over-year, from -$1.56M to -$1.26M.
- What is the long-term trend for Garmin's US — income tax reconciliation state and local income taxes?
- Over 2 years (2023 to 2025), Garmin's US — income tax reconciliation state and local income taxes has grown at a -51.7% compound annual growth rate (CAGR), from -$21.62M to -$5.05M.
- What does US — income tax reconciliation state and local income taxes mean?
- This metric reflects the net dollar impact of state and local income taxes on the US segment's tax provision, adjusted for federal tax benefits. It captures the tax cost associated with operating in various domestic jurisdictions.
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