Latest headcount
23,000
YoY change
+5.5%
Headcount CAGR
+12.4%
Revenue / employee
$315K
Employee count history for Garmin
| Fiscal year | Employees |
|---|---|
| 2002 | 1,575 |
| 2003 | 145 |
| 2004 | 2,484 |
| 2005 | 3,034 |
| 2006 | 4,751 |
| 2007 | 8,434 |
| 2008 | 8,919 |
| 2009 | 8,437 |
| 2010 | 8,897 |
| 2011 | 9,229 |
| 2012 | 9,777 |
| 2013 | 10,086 |
| 2014 | 11,185 |
| 2015 | 11,651 |
| 2016 | 11,600 |
| 2017 | 12,300 |
| 2018 | 13,000 |
| 2019 | 15,000 |
| 2020 | 16,000 |
| 2021 | 18,700 |
| 2022 | 19,700 |
| 2023 | 19,900 |
| 2024 | 21,800 |
| 2025 | 23,000 |
Revenue per employee for Garmin
Annual revenue divided by reported headcount, normalized to US dollars.
| Fiscal year | Revenue per employee (USD) |
|---|---|
| 2002 | $295.3K |
| 2003 | $4M |
| 2004 | $307K |
| 2005 | $338.8K |
| 2006 | $373.4K |
| 2007 | $377.1K |
| 2008 | $391.8K |
| 2009 | $349.2K |
| 2010 | $302.3K |
| 2011 | $298.9K |
| 2012 | $277.8K |
| 2013 | $260.9K |
| 2014 | $256.7K |
| 2015 | $242.1K |
| 2016 | $260.2K |
| 2017 | $251K |
| 2018 | $257.5K |
| 2019 | $250.5K |
| 2020 | $261.7K |
| 2021 | $266.5K |
| 2022 | $246.7K |
| 2023 | $262.7K |
| 2024 | $288.8K |
| 2025 | $315K |
Earnings per employee for Garmin
Annual net income divided by reported headcount, normalized to US dollars; years with a net loss dip below zero.
| Fiscal year | Earnings per employee (USD) |
|---|---|
| 2002 | $90.7K |
| 2003 | $1.2M |
| 2004 | $82.8K |
| 2005 | $102.6K |
| 2006 | $108.2K |
| 2007 | $101.4K |
| 2008 | $82.2K |
| 2009 | $83.4K |
| 2010 | $65.7K |
| 2011 | $56.4K |
| 2012 | $55.5K |
| 2013 | $60.7K |
| 2014 | $32.6K |
| 2015 | $39.2K |
| 2016 | $44K |
| 2017 | $56.5K |
| 2018 | $53.4K |
| 2019 | $63.5K |
| 2020 | $62K |
| 2021 | $57.9K |
| 2022 | $49.4K |
| 2023 | $64.8K |
| 2024 | $64.7K |
| 2025 | $72.3K |
Employee count history for Garmin (GRMN)
Annual figures come from annual reports (10-K, or 20-F/40-F for foreign filers); interim rows reflect headcount disclosed in periodic filings. Year-over-year change compares each filing with the prior year's equivalent. Revenue and earnings per employee are annual figures normalized to US dollars.
- 202523,000+5.5%
- 202421,800+9.5%
- 202319,900+1.0%
- 202219,700+5.3%
- 202118,700+16.9%
- 202016,000+6.7%
- 201915,000+15.4%
- 201813,000+5.7%
- 201712,300+6.0%
- 201611,600-0.4%
- 201511,651+4.2%
- 201411,185+10.9%
- 201310,086+3.2%
- 20129,777+5.9%
- 20119,229+3.7%
- 20108,897+5.5%
- 20098,437-5.4%
- 20088,919+5.8%
- 20078,434+77.5%
- 20064,751+56.6%
- 20053,034+22.1%
- 20042,484+1613.1%
- 2003145-90.8%
- 20021,575—
- 20011,329+2.9%
- 20001,291—
About Garmin's employee count
Garmin (GRMN) employed 23,000 people in fiscal year 2025, based on its most recent annual report. That headcount grew by +1,200 (+5.5%) from 21,800 a year earlier.
Across the 2002–2025 period, the company's reported workforce went from 1,575 to 23,000 employees — a compound annual growth rate (CAGR) of +12.4% per year.
Garmin generated about $315K of revenue and $72.3K of net income per employee in its latest annual period. Revenue and earnings per employee gauge how efficiently a company turns headcount into output, and are most telling when tracked over time or compared with peers in the same industry.
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