Income Statement - GARMIN LTD (GRMN)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 7,245.52 | 6,296.90 | 5,228.25 | 4,860.29 | 4,982.80 | 4,186.57 | 3,757.51 | 3,347.44 | 3,087.00 | 3,018.67 | 2,820.27 | 2,870.66 | 2,631.85 | 2,715.68 | 2,758.57 | 2,689.91 | 2,946.44 | 3,494.08 | 3,180.32 | 1,774.00 |
| Cost of revenue | 2,989.22 | 2,600.35 | 2,223.30 | 2,053.51 | 2,092.34 | 1,705.24 | 1,523.53 | 1,367.73 | 1,303.84 | 1,339.10 | 1,281.57 | 1,266.25 | 1,224.55 | 1,277.20 | 1,419.98 | 1,343.54 | 1,502.33 | 1,940.56 | 1,717.06 | 891.61 |
| Gross profit | 4,256.30 | 3,696.56 | 3,004.96 | 2,806.78 | 2,890.46 | 2,481.34 | 2,233.98 | 1,979.72 | 1,783.16 | 1,679.57 | 1,538.70 | 1,604.41 | 1,407.30 | 1,438.48 | 1,338.59 | 1,346.37 | 1,444.11 | 1,553.52 | 1,463.26 | 882.39 |
| Total operating expenses | 2,380.23 | 2,102.56 | 1,912.80 | 1,778.93 | 1,671.84 | 1,427.10 | 1,288.39 | 1,201.38 | 1,114.30 | 1,055.66 | 989.12 | 913.79 | 833.27 | 834.32 | 784.83 | 709.70 | 658.10 | 691.50 | 555.90 | 327.83 |
| Operating income | 1,876.08 | 1,593.99 | 1,092.16 | 1,027.85 | 1,218.62 | 1,054.24 | 945.59 | 778.34 | 668.86 | 623.91 | 549.58 | 690.63 | 574.03 | 604.16 | 553.77 | 636.68 | 786.01 | 862.02 | 907.35 | 554.56 |
| Non-operating income (net) | 138.46 | 101.41 | 108.20 | 37.13 | -11.82 | 49.17 | 41.64 | 44.90 | 13.43 | 5.76 | 17.61 | 33.12 | 79.53 | 20.37 | 30.39 | -59.40 | 22.64 | 52.35 | 70.92 | 40.00 |
| Income before tax | 2,014.54 | 1,695.40 | 1,200.36 | 1,064.97 | 1,206.80 | 1,103.41 | 987.22 | 823.25 | 682.29 | 629.67 | 567.19 | 723.75 | 653.56 | 624.53 | 584.16 | 577.27 | 808.65 | 914.37 | 978.27 | 594.55 |
| Income tax expense | 350.65 | 283.97 | -89.28 | 91.39 | 124.60 | 111.09 | 34.74 | 129.17 | -12.66 | 118.86 | 110.96 | 359.53 | 41.15 | 82.13 | 63.27 | -7.33 | 104.70 | 181.52 | 123.26 | 80.43 |
| Net income | 1,663.89 | 1,411.44 | 1,289.64 | 973.59 | 1,082.20 | 992.32 | 952.49 | 694.08 | 694.96 | 510.81 | 456.23 | 364.21 | 612.41 | 542.40 | 520.90 | 584.60 | 703.95 | 732.85 | 855.01 | 514.12 |
Show Quarterly Income Statement
Income Statement - GARMIN LTD (GRMN)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,753.49 | 2,124.96 | 1,770.90 | 1,814.56 | 1,535.10 | 1,822.56 | 1,586.02 | 1,506.67 | 1,381.65 | 1,482.50 | 1,277.53 | 1,320.80 | 1,147.42 | 1,306.36 | 1,140.43 | 1,240.83 | 1,172.66 | 1,391.59 | 1,191.97 | 1,326.91 | 1,072.33 | 1,351.41 | 1,109.19 | 869.87 | 856.11 | 1,102.23 | 934.38 | 954.84 | 766.05 | 932.11 | 810.01 | 894.45 | 710.87 | 888.50 | 743.08 | 816.89 | 638.55 | 860.77 | 722.25 | 811.61 | 624.04 | 781.36 | 679.69 | 773.83 | 585.39 | 803.31 | 706.28 | 777.85 | 583.22 | 759.69 | 643.64 | 696.56 | 531.96 | 768.55 | 672.38 | 718.15 | 556.60 | 909.64 | 666.99 | 674.10 | 507.83 | 837.72 | 692.36 | 728.77 | 431.07 | 1,059.38 | 781.25 | 669.10 | 436.70 | 1,048.25 | 870.36 | 911.67 | 663.81 | 1,217.02 | 728.67 | 742.47 | 492.16 | 611.22 | 408.00 | 432.47 | 322.31 |
| Cost of revenue | 711.20 | 866.70 | 724.41 | 747.55 | 650.55 | 742.64 | 634.42 | 643.78 | 579.51 | 618.35 | 548.96 | 561.35 | 494.63 | 561.39 | 469.94 | 512.01 | 510.18 | 619.48 | 496.03 | 546.05 | 430.77 | 560.42 | 441.21 | 354.44 | 349.17 | 462.78 | 366.93 | 379.48 | 314.35 | 382.94 | 329.26 | 371.18 | 284.34 | 388.98 | 309.41 | 339.03 | 266.42 | 389.99 | 316.27 | 348.65 | 284.19 | 368.21 | 317.50 | 354.58 | 241.27 | 372.46 | 308.04 | 333.36 | 252.39 | 365.06 | 290.75 | 312.92 | 255.82 | 394.69 | 313.32 | 296.34 | 272.84 | 475.86 | 322.66 | 352.00 | 269.46 | 457.92 | 348.34 | 337.11 | 200.16 | 572.62 | 371.51 | 317.49 | 240.70 | 617.61 | 484.72 | 494.54 | 343.69 | 708.04 | 386.82 | 367.80 | 254.41 | 306.77 | 209.14 | 216.18 | 159.52 |
| Gross profit | 1,042.29 | 1,258.26 | 1,046.49 | 1,067.01 | 884.55 | 1,079.93 | 951.60 | 862.89 | 802.14 | 864.15 | 728.57 | 759.44 | 652.79 | 744.97 | 670.50 | 728.83 | 662.48 | 772.11 | 695.95 | 780.85 | 641.56 | 790.98 | 667.98 | 515.43 | 506.94 | 639.46 | 567.46 | 575.37 | 451.70 | 549.17 | 480.75 | 523.27 | 426.54 | 499.52 | 433.67 | 477.86 | 372.12 | 470.78 | 405.98 | 462.96 | 339.85 | 413.14 | 362.19 | 419.25 | 344.12 | 430.85 | 398.25 | 444.49 | 330.83 | 394.64 | 352.89 | 383.64 | 276.13 | 373.85 | 359.06 | 421.81 | 283.76 | 433.79 | 344.33 | 322.10 | 238.37 | 379.79 | 344.02 | 391.65 | 230.91 | 486.76 | 409.74 | 351.61 | 196.00 | 430.63 | 385.64 | 417.13 | 320.12 | 508.99 | 341.85 | 374.67 | 237.75 | 304.45 | 198.86 | 216.28 | 162.79 |
| Total operating expenses | 610.62 | 644.11 | 589.68 | 594.72 | 551.72 | 563.84 | 514.12 | 520.86 | 503.73 | 523.70 | 458.20 | 475.09 | 455.81 | 477.80 | 431.13 | 436.09 | 433.92 | 456.99 | 413.28 | 409.68 | 391.90 | 419.72 | 350.88 | 327.04 | 329.46 | 362.93 | 306.00 | 319.14 | 300.32 | 326.49 | 284.79 | 305.76 | 284.33 | 320.14 | 263.88 | 274.51 | 255.78 | 310.97 | 246.36 | 262.28 | 236.05 | 267.38 | 236.73 | 252.59 | 232.42 | 254.85 | 222.74 | 225.73 | 210.47 | 222.17 | 201.14 | 213.75 | 196.21 | 224.10 | 198.99 | 217.81 | 193.43 | 233.70 | 197.00 | 190.51 | 163.62 | 195.14 | 177.38 | 189.61 | 147.56 | 194.74 | 172.86 | 152.46 | 138.04 | 194.21 | 171.28 | 178.63 | 147.38 | 195.68 | 127.69 | 133.10 | 99.43 | 105.56 | 77.89 | 81.71 | 62.68 |
| Operating income | 431.67 | 614.15 | 456.80 | 472.30 | 332.82 | 516.08 | 437.48 | 342.03 | 298.41 | 340.45 | 270.37 | 284.36 | 196.98 | 267.17 | 239.37 | 292.74 | 228.56 | 315.12 | 282.67 | 371.17 | 249.66 | 371.27 | 317.10 | 188.39 | 177.48 | 276.52 | 261.46 | 256.22 | 151.38 | 222.67 | 195.96 | 217.51 | 142.20 | 179.38 | 169.79 | 203.35 | 116.35 | 159.82 | 159.62 | 200.67 | 103.80 | 145.76 | 125.46 | 166.66 | 111.70 | 176.00 | 175.50 | 218.75 | 120.37 | 172.47 | 151.75 | 169.89 | 79.93 | 149.76 | 160.06 | 204.01 | 90.33 | 200.09 | 147.33 | 131.59 | 74.75 | 184.65 | 166.64 | 202.04 | 83.35 | 292.02 | 236.88 | 199.15 | 57.96 | 236.42 | 214.36 | 238.50 | 172.73 | 313.30 | 214.16 | 241.57 | 138.32 | 198.90 | 120.97 | 134.58 | 100.11 |
| Non-operating income (net) | 40.86 | 21.23 | 53.02 | 7.96 | 56.25 | 0.06 | 48.78 | 23.95 | 28.63 | 42.58 | 9.20 | 31.62 | 24.79 | 62.70 | -19.11 | -13.77 | 7.31 | -6.28 | -7.28 | 0.89 | 0.86 | 20.20 | 19.62 | 9.20 | 0.15 | 10.89 | -3.69 | 19.56 | 14.88 | 9.20 | 5.37 | 18.56 | 11.78 | 1.12 | 16.27 | 24.71 | -28.65 | 8.74 | -9.85 | 3.13 | 3.74 | 6.78 | 39.43 | 6.89 | -35.50 | 23.90 | -2.84 | -10.03 | 22.10 | 32.07 | 9.05 | 36.70 | 1.71 | 5.15 | 2.57 | 3.43 | 9.22 | -14.96 | 27.70 | -4.52 | 22.17 | -28.23 | 44.28 | -37.63 | -37.83 | 0.19 | 19.80 | 0.69 | 1.97 | -32.07 | -2.95 | 77.66 | 9.71 | 34.80 | 8.47 | 5.07 | 22.58 | 0.65 | 24.56 | 11.32 | 3.46 |
| Income before tax | 472.53 | 635.39 | 509.82 | 480.25 | 389.08 | 516.14 | 486.25 | 365.97 | 327.04 | 383.04 | 279.57 | 315.98 | 221.77 | 329.88 | 220.27 | 278.97 | 235.86 | 308.84 | 275.39 | 372.06 | 250.51 | 391.47 | 336.72 | 197.59 | 177.64 | 287.41 | 257.77 | 275.78 | 166.27 | 231.87 | 201.33 | 236.07 | 153.98 | 180.49 | 186.06 | 228.06 | 87.69 | 168.56 | 149.77 | 203.80 | 107.55 | 152.54 | 164.89 | 173.56 | 76.20 | 199.90 | 172.66 | 208.72 | 142.47 | 204.54 | 160.80 | 206.59 | 81.63 | 154.91 | 162.63 | 207.44 | 99.56 | 185.13 | 175.04 | 127.07 | 96.93 | 156.42 | 210.92 | 164.41 | 45.52 | 292.21 | 256.68 | 199.84 | 59.92 | 204.35 | 211.41 | 316.16 | 182.44 | 348.10 | 222.63 | 246.64 | 160.91 | 199.55 | 145.54 | 145.90 | 103.57 |
| Income tax expense | 67.45 | 106.71 | 108.21 | 79.43 | 56.31 | 80.41 | 87.14 | 65.34 | 51.08 | -159.09 | 22.33 | 28.04 | 19.45 | 36.60 | 9.42 | 21.09 | 24.27 | 22.70 | 16.35 | 55.06 | 30.49 | 57.92 | 23.30 | 13.41 | 16.46 | -73.38 | 29.90 | 52.12 | 26.09 | 41.72 | 17.11 | 45.73 | 24.61 | 41.71 | 38.64 | 57.11 | -150.12 | 31.95 | 24.71 | 42.74 | 19.46 | 20.16 | 45.59 | 35.81 | 9.40 | -10.35 | 319.50 | 26.74 | 23.65 | 40.95 | -26.87 | 34.09 | -7.03 | 25.62 | 22.28 | 21.53 | 12.70 | 19.57 | 24.66 | 17.60 | 1.44 | 23.52 | -68.64 | 29.59 | 8.19 | 13.80 | 41.55 | 37.97 | 11.39 | 46.61 | 40.17 | 60.07 | 34.66 | 40.84 | 29.12 | 32.26 | 21.05 | 19.21 | 22.56 | 22.61 | 16.05 |
| Net income | 405.08 | 528.68 | 401.62 | 400.82 | 332.77 | 435.73 | 399.11 | 300.63 | 275.96 | 542.13 | 257.24 | 287.94 | 202.33 | 293.27 | 210.85 | 257.87 | 211.59 | 286.14 | 259.04 | 317.00 | 220.03 | 333.55 | 313.42 | 184.18 | 161.18 | 360.79 | 227.87 | 223.66 | 140.17 | 190.15 | 184.21 | 190.34 | 129.37 | 138.78 | 151.07 | 176.98 | 238.40 | 136.61 | 125.05 | 161.06 | 88.09 | 132.38 | 119.30 | 137.75 | 66.79 | 210.25 | -146.83 | 181.98 | 118.82 | 163.59 | 187.67 | 172.49 | 88.67 | 129.29 | 140.35 | 185.90 | 86.86 | 165.56 | 150.38 | 109.48 | 95.48 | 132.91 | 279.55 | 134.82 | 37.33 | 278.41 | 215.13 | 161.87 | 48.54 | 157.73 | 171.24 | 256.09 | 147.78 | 307.27 | 193.51 | 214.38 | 139.86 | 180.35 | 122.98 | 123.29 | 87.52 |