Garmin Ltd

Technology · Scientific & Technical Instruments

274.10$ -0.5% vs. previous close Closing price · As of: Sep 18, 2026

Statements

Income Statement

Garmin Ltd (GRMN) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Revenue" came in at 7,246 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

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Income Statement GRMN
Line item	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	233	346	369	465	573	763	1,028	1,774	3,180	3,494	2,946	2,690	2,759	2,716	2,632	2,871	2,820	3,019	3,087	3,347	3,758	4,187	4,983	4,860	5,228	6,297	7,246
Cost of Revenue	100	154	171	210	242	351	493	892	1,717	1,941	1,502	1,344	1,420	1,277	1,225	1,266	1,282	1,339	1,304	1,368	1,524	1,705	2,092	2,054	2,223	2,600	2,989
Gross Profit	133	191	198	255	331	411	535	882	1,463	1,554	1,444	1,346	1,339	1,438	1,407	1,604	1,539	1,680	1,783	1,980	2,234	2,481	2,890	2,807	3,005	3,697	4,256
Research & Development	17	22	28	32	44	79	75	113	159	206	238	277	299	326	365	395	427	468	512	568	605	706	840	835	905	994	1,126
Selling, General & Administrative	–	54	39	46	60	79	122	215	397	485	264	288	341	370	355	372	395	411	438	478	519	570	660	776	835	917	1,254
Total Operating Expenses	50	62	67	78	104	141	197	328	556	691	658	710	785	834	833	914	989	1,056	1,114	1,201	1,288	1,427	1,672	1,779	1,913	2,103	2,380
Operating Income	83	129	131	177	227	271	338	555	907	862	786	637	554	604	574	691	550	624	669	778	946	1,054	1,219	1,028	1,092	1,594	1,876
Interest Expense	0.5	19	33	5.5	9.1	40	49	44	0.2	0.6	24	1.2	33	35	35	36	30	33	37	47	25	52	57	41	–	–	–
Pre-Tax Income	84	141	152	183	226	255	373	595	978	914	809	577	584	625	654	724	567	630	682	823	987	1,103	1,207	1,065	1,200	1,695	2,015
Income Tax Expense	20	35	39	40	47	50	61	80	123	182	105	-7.3	63	82	41	360	111	119	-13	129	35	111	125	91	-89	284	351
Net Income	64	106	113	143	179	206	311	514	855	733	704	585	521	542	612	364	456	511	695	694	952	992	1,082	974	1,290	1,411	1,664
EBITDA	88	137	142	194	247	305	382	599	1,043	993	905	672	648	695	653	768	628	719	770	875	1,052	1,181	1,362	1,229	1,270	1,875	2,203

Data as of: September 18, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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