Garmin revenue and financials

GRMN · NYSE · USD

$285.45+1.52%+$4.28

Close · October 5, 2026

In the fiscal year ended December 2025, Garmin reported revenue of $7.25B (+15.06% year over year). Net income was $1.66B, a net margin of 23.0%.

Annual revenue · 2025: $7.25B

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	7,246	6,297	5,228	4,860	4,983	4,187	3,758	3,347	3,122	3,046
Cost of revenue	2,989	2,600	2,223	2,054	2,092	1,705	1,524	1,368	1,324	1,357
Gross profit	4,256	3,697	3,005	2,807	2,890	2,481	2,234	1,980	1,798	1,689
Selling, general and administrative	1,254	1,109	1,008	944	893	—	—	—	—	—
Research and development	1,126	994	905	835	779	652	605	568	512	468
Operating income	1,876	1,594	1,092	1,028	1,219	1,054	946	778	684	633
EBIT	1,876	1,594	1,092	1,028	1,219	—	—	—	—	—
EBITDA	2,065	1,774	1,270	1,192	1,373	—	—	—	—	—
Pre-tax income	2,015	1,695	1,200	1,065	1,207	—	—	—	—	—
Income tax	351	284	-89.3	91.4	125	111	34.7	129	-11.9	121
Net income	1,664	1,411	1,290	974	1,082	992	952	694	709	518
Net income to common shareholders	1,664	1,411	1,290	974	1,082	—	—	—	—	—
Basic EPS	8.65	7.35	6.74	5.06	5.63	5.19	5.01	3.68	3.77	2.74
Diluted EPS	8.59	7.30	6.71	5.04	5.61	5.17	4.99	3.66	3.76	2.73
Average shares (basic)	192	192	191	193	192	—	—	—	—	—
Average shares (diluted)	194	193	192	193	0.2	0.2	191	190	189	0.2
Dividend per share	3.60	3.00	2.92	2.92	2.68	—	—	—	—	—