Net Income for Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's current net income (TTM) is $1.66B USD. 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 .
GRMN
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$1.66B
YoY change
+17.9%
5Y CAGR
+10.9%
Peak year (2025)
$1.66B
Cumulative net income
$17.27B
Net Income history chart for Garmin (GRMN) from 1999 to 2025
Net Income history table for Garmin (GRMN) from 1999 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
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.
Within Technology, Garmin (GRMN) ranks 9th among 8 peers we track. The peer median for net income is $62.48B.
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
Garmin net income in 2024 was $1.41B, grew 9.4% from 2023.
Garmin Net Income 2023: $1.29B
Garmin net income in 2023 was $1.29B, surged 32.5% from 2022.
Garmin Net Income 2022: $973.59M
Garmin net income in 2022 was $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 — Net Income
Companies in the same sector as Garmin, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.74T | Technology |
| NVIDIA Corporation (NVDA) | $120.07B | Technology |
| Apple Inc. (AAPL) | $112.01B | Technology |
| Microsoft Corporation (MSFT) | $101.83B | Technology |
| Broadcom Inc. (AVGO) | $23.13B | Technology |
| ASML Holding N.V. (ASML) | $9.61B | Technology |
| Micron Technology, Inc. (MU) | $8.54B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $4.33B | Technology |
Frequently asked questions
What is Garmin's net income?
- Latest reported net income for Garmin (GRMN) is $1.66B (period ending December 27, 2025).
How has Garmin net income changed year-over-year?
- Garmin (GRMN) net income changed +17.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Garmin net income?
- Garmin (GRMN) net income compound annual growth rate is +10.9% over the most recent 5 years available.
When did Garmin net income hit its highest annual value?
- Garmin net income reached its highest annual value of $1.66B in 2025.
What was Garmin net income in 2024?
- Garmin (GRMN) net income in 2024 was $1.41B.
What was Garmin net income in 2025?
- Garmin (GRMN) net income in 2025 was $1.66B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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