Garmin revenue and financials
$279.21Change from previous close: −2.21%Absolute change: −$6.31
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%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +15.06%
- 2025 vs 2024
- Net income growth
- +17.89%
- 2025 vs 2024
- Net margin
- 23.0%
- 2024: 22.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 404 | 536 | 554 | 486 | 173 | 421 | 484 | 258 | 255 | 435 | 466 | 357 |
| Depreciation and amortization | 48.9 | 49.1 | 46.3 | 49.1 | 47.1 | 46.3 | 46.5 | 44.3 | 44.1 | 44.8 | 45.3 | 44.6 |
| Capital expenditure | -128 | -66.6 | -124 | -60.5 | -45.7 | -40.1 | -84.7 | -38.5 | -37.2 | -33.2 | -48.6 | -45.5 |
| Investing cash flow | -144 | -252 | -131 | -268 | -114 | -133 | -203 | -47.6 | -106 | -36.9 | -65.3 | -198 |
| Financing cash flow | -213 | -260 | -219 | -210 | -211 | -205 | -177 | -164 | -129 | -156 | -150 | -149 |
| Dividends paid | -202 | -174 | -173 | -173 | -173 | -145 | -144 | -144 | -144 | -140 | -140 | -140 |
| Share repurchases | -42.2 | -86.4 | -74.6 | -36.6 | -66.8 | -60.2 | -58.9 | -19.6 | -10.0 | -16.0 | -32.9 | -9.4 |
| Effect of exchange rates | -1.7 | -12.3 | 2.0 | -7.5 | 48.0 | 12.7 | -33.8 | 25.3 | -3.8 | -13.9 | 20.3 | -13.5 |
| Net change in cash | 44.3 | 11.3 | 206 | 0.6 | -103 | 96.1 | 70.1 | 71.9 | 15.7 | 228 | 271 | -2.7 |
| Free cash flow | 276 | 469 | 430 | 425 | 127 | 381 | 399 | 219 | 218 | 402 | 417 | 312 |
| Levered free cash flow | 667 | 148 | 87.3 | 53.5 | 435 | 128 | 205 | -81.8 | 580 | 204 | 199 | 14.8 |