TTM
$1.97B
YoY change
+17.7%
5Y CAGR
+12.2%
Peak year (2025)
$1.88B
Cumulative operating income
$19.39B
Operating Income history chart for Garmin (GRMN) from 1999 to 2025
Latest: $1.88B
Operating Income growth chart for Garmin (GRMN) from 1999 to 2025
Latest: +17.7%
Operating Income history table for Garmin (GRMN) from 1999 to 2025
| 2025 | $1.88B | +17.7% | +$282.08M | ||
| 2024 | $1.59B | +45.9% | +$501.83M | ||
| 2023 | $1.09B | +6.3% | +$64.31M | ||
| 2022 | $1.03B | -15.7% | −$190.78M | ||
| 2021 | $1.22B | +15.6% | +$164.38M | ||
| 2020 | $1.05B | +11.5% | +$108.65M | ||
| 2019 | $945.59M | +21.5% | +$167.24M | ||
| 2018 | $778.34M | +16.4% | +$109.48M | ||
| 2017 | $668.86M | +7.2% | +$44.95M | ||
| 2016 | $623.91M | +13.5% | +$74.33M | ||
| 2015 | $549.58M | -20.4% | −$141.04M | ||
| 2014 | $690.63M | +20.3% | +$116.59M | ||
| 2013 | $574.03M | -5.0% | −$30.13M | ||
| 2012 | $604.16M | +9.1% | +$50.39M | ||
| 2011 | $553.77M | -13.0% | −$82.91M | ||
| 2010 | $636.68M | -19.0% | −$149.33M | ||
| 2009 | $786.01M | -8.8% | −$76.01M | ||
| 2008 | $862.02M | -5.0% | −$45.33M | ||
| 2007 | $907.35M | +63.6% | +$352.79M | ||
| 2006 | $554.56M | +64.0% | +$216.39M | ||
| 2005 | $338.17M | +24.9% | +$67.50M | ||
| 2004 | $270.67M | +19.2% | +$43.67M | ||
| 2003 | $227.00M | +27.9% | +$49.56M | ||
| 2002 | $177.44M | +35.2% | +$46.15M | ||
| 2001 | $131.29M | +1.5% | +$1.99M | ||
| 2000 | $129.29M | +56.7% | +$46.76M | ||
| 1999 | $82.53M | — | — |
- 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 (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 Operating Income at Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's current operating income (TTM) is $1.97B. 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 .
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 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
2024's operating income for Garmin came in at $1.59B, surged 45.9% from 2023.
Garmin Operating Income 2023: $1.09B
Garmin posted operating income of $1.09B in 2023, grew 6.3% from 2022.
Garmin Operating Income 2022: $1.03B
In 2022, Garmin reported operating income of $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 by Operating Income
Technology peers of Garmin (GRMN), ranked by their latest operating income
| $133.05B | |
| $130.39B | |
| $128.53B | |
| $63.06B | |
| $25.48B | |
| $13.16B | |
| $9.87B | |
| $3.69B |
- $133.05B
- $130.39B
- $128.53B
- $63.06B
- $25.48B
- $13.16B
- $9.87B
- $3.69B
Frequently asked questions
Garmin (GRMN) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation