TTM
$1.74B
YoY change
+17.9%
5Y CAGR
+10.9%
Peak year (2025)
$1.66B
Cumulative net income
$17.68B
Net Income history chart for Garmin (GRMN) from 1999 to 2025
Latest: $1.66B
Net Income growth chart for Garmin (GRMN) from 1999 to 2025
Latest: +17.9%
Net Income history table for Garmin (GRMN) from 1999 to 2025
| 2025 | $1.66B | +17.9% | +$252.45M | ||
| 2024 | $1.41B | +9.4% | +$121.80M | ||
| 2023 | $1.29B | +32.5% | +$316.05M | ||
| 2022 | $973.59M | -10.0% | −$108.61M | ||
| 2021 | $1.08B | +9.1% | +$89.88M | ||
| 2020 | $992.32M | +4.2% | +$39.84M | ||
| 2019 | $952.49M | +37.2% | +$258.41M | ||
| 2018 | $694.08M | -0.1% | −$875.00K | ||
| 2017 | $694.96M | +36.0% | +$184.14M | ||
| 2016 | $510.81M | +12.0% | +$54.59M | ||
| 2015 | $456.23M | +25.3% | +$92.02M | ||
| 2014 | $364.21M | -40.5% | −$248.20M | ||
| 2013 | $612.41M | +12.9% | +$70.01M | ||
| 2012 | $542.40M | +4.1% | +$21.51M | ||
| 2011 | $520.90M | -10.9% | −$63.71M | ||
| 2010 | $584.60M | -17.0% | −$119.35M | ||
| 2009 | $703.95M | -3.9% | −$28.90M | ||
| 2008 | $732.85M | -14.3% | −$122.16M | ||
| 2007 | $855.01M | +66.3% | +$340.89M | ||
| 2006 | $514.12M | +65.2% | +$202.90M | ||
| 2005 | $311.22M | +51.3% | +$105.52M | ||
| 2004 | $205.70M | +15.2% | +$27.07M | ||
| 2003 | $178.63M | +25.1% | +$35.84M | ||
| 2002 | $142.80M | +25.9% | +$29.35M | ||
| 2001 | $113.45M | +7.4% | +$7.79M | ||
| 2000 | $105.66M | +64.7% | +$41.50M | ||
| 1999 | $64.17M | — | — |
- 2025$1.66B+17.9%
- 2024$1.41B+9.4%
- 2023$1.29B+32.5%
- 2022$973.59M-10.0%
- 2021$1.08B+9.1%
- 2020$992.32M+4.2%
- 2019$952.49M+37.2%
- 2018$694.08M-0.1%
- 2017$694.96M+36.0%
- 2016$510.81M+12.0%
- 2015$456.23M+25.3%
- 2014$364.21M-40.5%
- 2013$612.41M+12.9%
- 2012$542.40M+4.1%
- 2011$520.90M-10.9%
- 2010$584.60M-17.0%
- 2009$703.95M-3.9%
- 2008$732.85M-14.3%
- 2007$855.01M+66.3%
- 2006$514.12M+65.2%
- 2005$311.22M+51.3%
- 2004$205.70M+15.2%
- 2003$178.63M+25.1%
- 2002$142.80M+25.9%
- 2001$113.45M+7.4%
- 2000$105.66M+64.7%
- 1999$64.17M—
Net Income values are taken from Garmin's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Net Income at Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's current net income (TTM) is $1.74B. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual net income for Garmin (GRMN) came in at $1.66B – grew 17.9% year-over-year.
Garmin net income compound annual growth for the 2020–2025 (5 years) window is +10.9%, sustaining 3 straight years of year-over-year growth.
$1.66B stands as the all-time-high annual net income, posted in 2025, against a low of $64.17M during 1999.
Garmin Net Income by Year
Garmin Net Income 2025: $1.66B
Garmin net income in 2025 was $1.66B, grew 17.9% from 2024. This figure represents the highest annual value in the available history.
Garmin Net Income 2024: $1.41B
2024's net income for Garmin came in at $1.41B, grew 9.4% from 2023.
Garmin Net Income 2023: $1.29B
Garmin posted net income of $1.29B in 2023, surged 32.5% from 2022.
Garmin Net Income 2022: $973.59M
In 2022, Garmin reported net income of $973.59M, declined 10.0% below 2021.
Garmin Net Income 2021: $1.08B
Garmin net income in 2021 was $1.08B.
See more financial history for Garmin (GRMN).
Sector peers by Net Income
Technology peers of Garmin (GRMN), ranked by their latest net income
| $120.07B | |
| $112.01B | |
| $101.83B | |
| $55.96B | |
| $23.13B | |
| $11.19B | |
| $8.54B | |
| $4.33B |
- $120.07B
- $112.01B
- $101.83B
- $55.96B
- $23.13B
- $11.19B
- $8.54B
- $4.33B
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