Garmin revenue and financials

GRMN · NYSE · USD

$279.21−2.21%−$6.31

Close · October 6, 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.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	11,424	10,952	10,994	10,523	10,324	9,788	9,631	9,348	8,883	8,634	8,604	7,965
Current assets	6,309	5,997	6,248	5,811	5,819	5,445	5,336	5,210	4,697	4,517	4,464	4,157
Cash and equivalents	2,334	2,290	2,279	2,073	2,072	2,176	2,079	2,009	1,937	1,922	1,693	1,423
Short-term investments	332	411	459	467	515	499	421	415	289	275	275	273
Receivables	1,177	963	1,272	972	1,028	802	983	935	822	707	815	732
Inventory	1,966	1,850	1,772	1,888	1,788	1,582	1,474	1,506	1,320	1,302	1,346	1,440
Net property, plant and equipment	1,667	1,587	1,572	1,484	1,470	1,404	1,402	1,358	1,336	1,343	1,368	1,328
Goodwill	748	751	760	757	641	617	604	612	600	602	608	594
Other intangible assets	179	187	198	206	147	150	154	168	168	177	181	186
Long-term investments	1,704	1,612	1,397	1,377	1,286	1,226	1,198	1,107	1,192	1,134	1,125	1,082
Current liabilities	2,083	1,375	1,720	1,752	1,932	1,330	1,508	1,579	1,624	1,117	1,311	1,328
Accounts payable	401	345	347	378	397	345	359	374	332	243	254	268
Total liabilities	2,395	1,681	2,021	2,045	2,199	1,608	1,782	1,841	1,878	1,388	1,592	1,616
Total equity (incl. minority)	9,029	9,271	8,973	8,478	8,125	8,179	7,848	7,507	7,005	7,246	7,012	6,349
Retained earnings	7,107	7,375	6,970	6,442	6,040	6,332	5,999	5,564	5,164	5,440	5,264	4,722