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
  1. $3.05B2016
  2. $3.12B2017
  3. $3.35B2018
  4. $3.76B2019
  5. $4.19B2020
  6. $4.98B2021
  7. $4.86B2022
  8. $5.23B2023
  9. $6.3B2024
  10. $7.25B2025

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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue2,0221,7532,1251,7711,8151,5351,8231,5861,5071,3821,4831,278
Cost of revenue760711867724748651743634644580618549
Gross profit1,2621,0421,2581,0461,0678851,080952863802864729
Selling, general and administrative343315349303318284305265278261286237
Research and development304296295286277268259249243243237222
Operating income616432614457472333516437342298340270
EBIT616432614457472333516437342298340270
EBITDA664481660506519379563482386343386315
Pre-tax income651473635510480389516486366327383280
Income tax10967.510710879.456.380.487.165.351.1-15922.3
Net income542405529402401333436399301276542257
Net income to common shareholders542405529402401333436399301276542257
Basic EPS2.812.102.752.092.081.732.272.081.571.442.831.34
Diluted EPS2.802.092.722.082.071.722.242.071.561.432.811.34
Average shares (basic)193193192192193193192192192192191191
Average shares (diluted)193194194194193194194193193193193192
Dividend per share—4.20———3.60———3.00——