Operating Income for Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's current operating income (TTM) is $1.88B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
GRMN
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.88B
YoY change
+17.7%
5Y CAGR
+12.2%
Peak year (2025)
$1.88B
Cumulative operating income
$18.95B
Operating Income history chart for Garmin (GRMN) from 1999 to 2025
Operating Income history table for Garmin (GRMN) from 1999 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.88B | +17.7% | ||
| 2024 | $1.59B | +45.9% | ||
| 2023 | $1.09B | +6.3% | ||
| 2022 | $1.03B | -15.7% | ||
| 2021 | $1.22B | +15.6% | ||
| 2020 | $1.05B | +11.5% | ||
| 2019 | $945.59M | +21.5% | ||
| 2018 | $778.34M | +16.4% | ||
| 2017 | $668.86M | +7.2% | ||
| 2016 | $623.91M | +13.5% | ||
| 2015 | $549.58M | -20.4% | ||
| 2014 | $690.63M | +20.3% | ||
| 2013 | $574.03M | -5.0% | ||
| 2012 | $604.16M | +9.1% | ||
| 2011 | $553.77M | -13.0% | ||
| 2010 | $636.68M | -19.0% | ||
| 2009 | $786.01M | -8.8% | ||
| 2008 | $862.02M | -5.0% | ||
| 2007 | $907.35M | +63.6% | ||
| 2006 | $554.56M | +64.0% | ||
| 2005 | $338.17M | +24.9% | ||
| 2004 | $270.67M | +19.2% | ||
| 2003 | $227.00M | +27.9% | ||
| 2002 | $177.44M | +35.2% | ||
| 2001 | $131.29M | +1.5% | ||
| 2000 | $129.29M | +56.7% | ||
| 1999 | $82.53M | — |
Operating 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
As of the 2025 fiscal year, Garmin (GRMN) reported operating income of $1.88B – grew 17.7% year-over-year.
Garmin operating income has grown for 3 consecutive years, with a +12.2% compound annual growth rate over 2020–2025 (5 years).
Across the available history, operating income reached its high of $1.88B in 2025 and its low of $82.53M in 1999.
Garmin (GRMN) sits 9th of 8 Technology peers we track on this metric, against a peer median of $77.01B.
Garmin Operating Income by Year
Garmin Operating Income 2025: $1.88B
Garmin operating income in 2025 was $1.88B, grew 17.7% from 2024. This figure represents the highest annual value in the available history.
Garmin Operating Income 2024: $1.59B
Garmin operating income in 2024 was $1.59B, surged 45.9% from 2023.
Garmin Operating Income 2023: $1.09B
Garmin operating income in 2023 was $1.09B, grew 6.3% from 2022.
Garmin Operating Income 2022: $1.03B
Garmin operating income in 2022 was $1.03B, declined 15.7% below 2021.
Garmin Operating Income 2021: $1.22B
Garmin operating income in 2021 was $1.22B.
See more financial history for Garmin (GRMN).
Sector peers — Operating Income
Companies in the same sector as Garmin, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is Garmin's operating income?
- Latest reported operating income for Garmin (GRMN) is $1.88B (period ending December 27, 2025).
How has Garmin operating income changed year-over-year?
- Garmin (GRMN) operating income changed +17.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Garmin operating income?
- Garmin (GRMN) operating income compound annual growth rate is +12.2% over the most recent 5 years available.
When did Garmin operating income hit its highest annual value?
- Garmin operating income reached its highest annual value of $1.88B in 2025.
What was Garmin operating income in 2024?
- Garmin (GRMN) operating income in 2024 was $1.59B.
What was Garmin operating income in 2025?
- Garmin (GRMN) operating income in 2025 was $1.88B.
Metrics overview
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