Garmin operating income 1999–2026
Garmin's operating income in Q3 FY2026, the three months to 26 September 2026, was 611.65M USD, up 33.9% on the same quarter a year before. Garmin's operating income over the last twelve months was 2.27B USD, up 27.8% on the twelve months before. In fiscal year 2025 it was 1.88B USD, up 17.7% on the year before.
Last updated 6 Nov 2026 · Next report 17 Feb 2027
Operating income
Growth
| Fiscal year | Period ending | Operating income | Growth | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| TTM | 26 Sept 2026 | 2.27B | +27.84% | 28.82% | 4.82B | 61.12% | 2.62B |
| FY2025 | 27 Dec 2025 | 1.88B | +17.70% | 25.89% | 4.26B | 58.74% | 2.20B |
| FY2024 | 28 Dec 2024 | 1.59B | +45.95% | 25.31% | 3.70B | 58.70% | 1.88B |
| FY2023 | 31 Dec 2023 | 1.09B | +6.26% | 20.89% | 3.00B | 57.48% | 1.38B |
| FY2022 | 31 Dec 2022 | 1.03B | -15.66% | 21.15% | 2.81B | 57.75% | 1.23B |
| FY2021 | 31 Dec 2021 | 1.22B | +15.59% | 24.46% | 2.89B | 58.01% | 1.36B |
| FY2020 | 31 Dec 2020 | 1.05B | +11.49% | 25.18% | 2.48B | 59.27% | 1.18B |
| FY2019 | 31 Dec 2019 | 945.59M | +21.49% | 25.17% | 2.23B | 59.45% | 1.05B |
| FY2018 | 31 Dec 2018 | 778.34M | +16.37% | 23.25% | 1.98B | 59.14% | 874.54M |
| FY2017 | 31 Dec 2017 | 668.86M | +7.20% | 21.67% | 1.78B | 57.76% | 769.89M |
| FY2016 | 31 Dec 2016 | 623.91M | +13.52% | 20.67% | 1.68B | 55.64% | 719.20M |
| FY2015 | 31 Dec 2015 | 549.58M | -20.42% | 19.49% | 1.54B | 54.56% | 627.94M |
| FY2014 | 31 Dec 2014 | 690.63M | +20.31% | 24.06% | 1.60B | 55.89% | 767.64M |
| FY2013 | 31 Dec 2013 | 574.03M | -4.99% | 21.81% | 1.41B | 53.47% | 652.84M |
| FY2012 | 31 Dec 2012 | 604.16M | +9.10% | 22.25% | 1.44B | 52.97% | 694.63M |
| FY2011 | 31 Dec 2011 | 553.77M | -13.02% | 20.07% | 1.34B | 48.52% | 648.30M |
| FY2010 | 31 Dec 2010 | 636.68M | -19.00% | 23.67% | 1.35B | 50.05% | 671.92M |
| FY2009 | 31 Dec 2009 | 786.01M | -8.82% | 26.68% | 1.44B | 49.01% | 905.14M |
| FY2008 | 31 Dec 2008 | 862.02M | -5.00% | 24.67% | 1.55B | 44.46% | 993.39M |
| FY2007 | 31 Dec 2007 | 907.35M | +63.62% | 28.53% | 1.46B | 46.01% | 1.04B |
| FY2006 | 31 Dec 2006 | 554.56M | +63.99% | 31.26% | 882.39M | 49.74% | 599.03M |
| FY2005 | 31 Dec 2005 | 338.17M | +24.94% | 32.90% | 535.07M | 52.06% | 381.77M |
| FY2004 | 31 Dec 2004 | 270.67M | +19.24% | 35.50% | 411.24M | 53.93% | 305.27M |
| FY2003 | 31 Dec 2003 | 227.00M | +27.93% | 39.62% | 330.54M | 57.69% | 247.10M |
| FY2002 | 31 Dec 2002 | 177.44M | +35.16% | 38.15% | 255.06M | 54.83% | 193.57M |
| FY2001 | 31 Dec 2001 | 131.29M | +1.54% | 35.57% | 198.16M | 53.68% | 142.15M |
| FY2000 | 31 Dec 2000 | 129.29M | +56.66% | 37.40% | 191.30M | 55.33% | 136.86M |
| FY1999 | 31 Dec 1999 | 82.53M | — | 35.48% | 132.50M | 56.97% | 88.10M |
| Quarter | Period ending | Operating income | Growth on a year before | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 26 Sept 2026 | 611.65M | +33.90% | 30.80% | 1.26B | 63.33% | 712.35M |
| Q2 FY2026 | 27 Jun 2026 | 615.51M | +30.32% | 30.44% | 1.26B | 62.41% | 699.92M |
| Q1 FY2026 | 28 Mar 2026 | 431.67M | +29.70% | 24.62% | 1.04B | 59.44% | 521.65M |
| Q4 FY2025 | 27 Dec 2025 | 614.15M | +19.00% | 28.90% | 1.26B | 59.21% | 681.64M |
| Q3 FY2025 | 27 Sept 2025 | 456.80M | +4.42% | 25.79% | 1.05B | 59.09% | 558.92M |
| Q2 FY2025 | 28 Jun 2025 | 472.30M | +38.09% | 26.03% | 1.07B | 58.80% | 527.36M |
| Q1 FY2025 | 29 Mar 2025 | 332.82M | +11.53% | 21.68% | 884.55M | 57.62% | 435.38M |
| Q4 FY2024 | 31 Dec 2024 | 516.08M | +51.59% | 28.32% | 1.08B | 59.25% | 562.68M |
| Q3 FY2024 | 28 Sept 2024 | 437.48M | +61.81% | 27.58% | 951.60M | 60.00% | 530.51M |
| Q2 FY2024 | 29 Jun 2024 | 342.03M | +20.28% | 22.70% | 862.89M | 57.27% | 410.08M |
| Q1 FY2024 | 30 Mar 2024 | 298.41M | +51.49% | 21.60% | 802.14M | 58.06% | 371.87M |
| Q4 FY2023 | 31 Dec 2023 | 340.45M | +27.43% | 22.96% | 864.15M | 58.29% | 428.38M |
| Q3 FY2023 | 30 Sept 2023 | 270.37M | +12.95% | 21.16% | 728.57M | 57.03% | 324.20M |
| Q2 FY2023 | 1 Jul 2023 | 284.36M | -2.86% | 21.53% | 759.44M | 57.50% | 360.17M |
| Q1 FY2023 | 1 Apr 2023 | 196.98M | -13.81% | 17.17% | 652.79M | 56.89% | 265.19M |
| Q4 FY2022 | 31 Dec 2022 | 267.17M | -15.21% | 20.45% | 744.97M | 57.03% | 371.38M |
| Q3 FY2022 | 24 Sept 2022 | 239.37M | -15.32% | 20.99% | 670.50M | 58.79% | 259.77M |
| Q2 FY2022 | 25 Jun 2022 | 292.74M | -21.13% | 23.59% | 728.83M | 58.74% | 320.61M |
| Q1 FY2022 | 26 Mar 2022 | 228.56M | -8.45% | 19.49% | 662.48M | 56.49% | 277.08M |
| Q4 FY2021 | 31 Dec 2021 | 315.12M | -15.12% | 22.64% | 772.11M | 55.48% | 356.18M |
| Q3 FY2021 | 25 Sept 2021 | 282.67M | -10.86% | 23.71% | 695.95M | 58.39% | 314.46M |
| Q2 FY2021 | 26 Jun 2021 | 371.17M | +97.02% | 27.97% | 780.85M | 58.85% | 409.85M |
| Q1 FY2021 | 27 Mar 2021 | 249.66M | +40.67% | 23.28% | 641.56M | 59.83% | 286.55M |
| Q4 FY2020 | 31 Dec 2020 | 371.27M | +34.26% | 27.47% | 790.98M | 58.53% | 407.87M |
| Q3 FY2020 | 26 Sept 2020 | 317.10M | +21.28% | 28.59% | 667.98M | 60.22% | 349.68M |
| Q2 FY2020 | 27 Jun 2020 | 188.39M | -26.47% | 21.66% | 515.43M | 59.25% | 217.72M |
| Q1 FY2020 | 28 Mar 2020 | 177.48M | +17.24% | 20.73% | 506.94M | 59.21% | 205.69M |
| Q4 FY2019 | 31 Dec 2019 | 276.52M | +24.18% | 25.09% | 639.46M | 58.01% | 305.08M |
| Q3 FY2019 | 28 Sept 2019 | 261.46M | +33.43% | 27.98% | 567.46M | 60.73% | 288.34M |
| Q2 FY2019 | 29 Jun 2019 | 256.22M | +17.80% | 26.83% | 575.37M | 60.26% | 282.94M |
| Q1 FY2019 | 30 Mar 2019 | 151.38M | +6.46% | 19.76% | 451.70M | 58.96% | 175.39M |
| Q4 FY2018 | 31 Dec 2018 | 222.67M | +24.14% | 23.89% | 549.17M | 58.92% | 247.39M |
| Q3 FY2018 | 29 Sept 2018 | 195.96M | +15.41% | 24.19% | 480.75M | 59.35% | 219.22M |
| Q2 FY2018 | 30 Jun 2018 | 217.51M | +6.96% | 24.32% | 523.27M | 58.50% | 242.58M |
| Q1 FY2018 | 31 Mar 2018 | 142.20M | +22.22% | 20.00% | 426.54M | 60.00% | 165.35M |
| Q4 FY2017 | 31 Dec 2017 | 179.38M | +12.24% | 20.19% | 499.52M | 56.22% | 201.93M |
| Q3 FY2017 | 30 Sept 2017 | 169.79M | +6.37% | 22.85% | 433.67M | 58.36% | 194.52M |
| Q2 FY2017 | 1 Jul 2017 | 203.35M | +1.33% | 24.89% | 477.86M | 58.50% | 230.73M |
| Q1 FY2017 | 1 Apr 2017 | 116.35M | +12.08% | 18.22% | 372.12M | 58.28% | 138.76M |
| Q4 FY2016 | 31 Dec 2016 | 159.82M | +9.64% | 18.57% | 470.78M | 54.69% | 183.61M |
| Q3 FY2016 | 24 Sept 2016 | 159.62M | +27.23% | 22.10% | 405.98M | 56.21% | 180.65M |
| Q2 FY2016 | 25 Jun 2016 | 200.67M | +20.41% | 24.73% | 462.96M | 57.04% | 221.99M |
| Q1 FY2016 | 26 Mar 2016 | 103.80M | -7.07% | 16.63% | 339.85M | 54.46% | 124.00M |
| Q4 FY2015 | 31 Dec 2015 | 145.76M | -17.18% | 18.65% | 413.14M | 52.88% | 165.74M |
| Q3 FY2015 | 26 Sept 2015 | 125.46M | -28.52% | 18.46% | 362.19M | 53.29% | 145.71M |
| Q2 FY2015 | 27 Jun 2015 | 166.66M | -23.81% | 21.54% | 419.25M | 54.18% | 185.93M |
| Q1 FY2015 | 28 Mar 2015 | 111.70M | -7.20% | 19.08% | 344.12M | 58.78% | 130.56M |
| Q4 FY2014 | 31 Dec 2014 | 176.00M | +2.05% | 21.91% | 430.85M | 53.63% | 197.45M |
| Q3 FY2014 | 27 Sept 2014 | 175.50M | +15.65% | 24.85% | 398.25M | 56.39% | 193.61M |
| Q2 FY2014 | 28 Jun 2014 | 218.75M | +28.77% | 28.12% | 444.49M | 57.14% | 237.80M |
| Q1 FY2014 | 29 Mar 2014 | 120.37M | +50.60% | 20.64% | 330.83M | 56.73% | 138.78M |
| Q4 FY2013 | 31 Dec 2013 | 172.47M | +15.17% | 22.70% | 394.64M | 51.95% | 190.81M |
| Q3 FY2013 | 28 Sept 2013 | 151.75M | -5.19% | 23.58% | 352.89M | 54.83% | 151.75M |
| Q2 FY2013 | 29 Jun 2013 | 169.89M | -16.72% | 24.39% | 383.64M | 55.08% | 169.89M |
| Q1 FY2013 | 30 Mar 2013 | 79.93M | -11.52% | 15.02% | 276.13M | 51.91% | 79.93M |
| Q4 FY2012 | 31 Dec 2012 | 149.76M | -25.15% | 19.49% | 373.85M | 48.64% | 197.66M |
| Q3 FY2012 | 29 Sept 2012 | 160.06M | +8.64% | 23.81% | 359.06M | 53.40% | 170.22M |
| Q2 FY2012 | 30 Jun 2012 | 204.01M | +55.03% | 28.41% | 421.81M | 58.74% | 204.01M |
| Q1 FY2012 | 31 Mar 2012 | 90.33M | +20.84% | 16.23% | 283.76M | 50.98% | 90.33M |
| Q4 FY2011 | 31 Dec 2011 | 200.09M | +8.36% | 22.00% | 433.79M | 47.69% | 264.69M |
| Q3 FY2011 | 24 Sept 2011 | 147.33M | -11.58% | 22.09% | 344.33M | 51.62% | 147.33M |
| Q2 FY2011 | 25 Jun 2011 | 131.59M | -34.87% | 19.52% | 322.10M | 47.78% | 131.59M |
| Q1 FY2011 | 26 Mar 2011 | 74.75M | -10.31% | 14.72% | 238.37M | 46.94% | 74.75M |
| Q4 FY2010 | 31 Dec 2010 | 184.65M | -36.77% | 22.04% | 379.79M | 45.34% | 148.92M |
| Q3 FY2010 | 25 Sept 2010 | 166.64M | -29.65% | 24.07% | 344.02M | 49.69% | 187.31M |
| Q2 FY2010 | 26 Jun 2010 | 202.04M | +1.45% | 27.72% | 391.65M | 53.74% | 202.04M |
| Q1 FY2010 | 27 Mar 2010 | 83.35M | +43.81% | 19.34% | 230.91M | 53.57% | 83.35M |
| Q4 FY2009 | 31 Dec 2009 | 292.02M | +23.52% | 27.56% | 486.76M | 45.95% | 345.25M |
| Q3 FY2009 | 26 Sept 2009 | 236.88M | +10.51% | 30.32% | 409.74M | 52.45% | 236.88M |
| Q2 FY2009 | 27 Jun 2009 | 199.15M | -16.50% | 29.76% | 351.61M | 52.55% | 199.15M |
| Q1 FY2009 | 28 Mar 2009 | 57.96M | -66.45% | 13.27% | 196.00M | 44.88% | 57.96M |
| Q4 FY2008 | 31 Dec 2008 | 236.42M | -24.54% | 22.55% | 430.63M | 41.08% | 313.17M |
| Q3 FY2008 | 27 Sept 2008 | 214.36M | +0.10% | 24.63% | 385.64M | 44.31% | 214.36M |
| Q2 FY2008 | 28 Jun 2008 | 238.50M | -1.27% | 26.16% | 417.13M | 45.75% | 238.50M |
| Q1 FY2008 | 29 Mar 2008 | 172.73M | +24.87% | 26.02% | 320.12M | 48.22% | 172.73M |
| Q4 FY2007 | 31 Dec 2007 | 313.30M | +57.52% | 25.74% | 508.99M | 41.82% | 335.75M |
| Q3 FY2007 | 29 Sept 2007 | 214.16M | +77.03% | 29.39% | 341.85M | 46.91% | 214.16M |
| Q2 FY2007 | 30 Jun 2007 | 241.57M | +79.50% | 32.54% | 374.67M | 50.46% | 241.57M |
| Q1 FY2007 | 31 Mar 2007 | 138.32M | +38.17% | 28.11% | 237.75M | 48.31% | 138.32M |
| Q4 FY2006 | 31 Dec 2006 | 198.90M | +102.56% | 32.54% | 304.45M | 49.81% | 208.08M |
| Q3 FY2006 | 30 Sept 2006 | 120.97M | +42.06% | 29.65% | 198.86M | 48.74% | 120.97M |
| Q2 FY2006 | 1 Jul 2006 | 134.58M | +51.09% | 31.12% | 216.28M | 50.01% | 134.58M |
| Q1 FY2006 | 1 Apr 2006 | 100.11M | +52.26% | 31.06% | 162.79M | 50.51% | 100.11M |
| Q4 FY2005 | 31 Dec 2005 | 98.19M | +23.12% | 30.75% | 162.44M | 50.87% | 107.65M |
| Q3 FY2005 | 24 Sept 2005 | 85.16M | +10.42% | 33.88% | 129.45M | 51.51% | 85.16M |
| Q2 FY2005 | 25 Jun 2005 | 89.07M | +38.72% | 33.68% | 139.98M | 52.92% | 89.07M |
| Q1 FY2005 | 26 Mar 2005 | 65.75M | +32.59% | 34.13% | 103.20M | 53.57% | 75.19M |
| Q4 FY2004 | 31 Dec 2004 | 79.75M | +27.27% | 36.10% | 120.80M | 54.67% | 88.59M |
| Q3 FY2004 | 25 Sept 2004 | 77.12M | +48.43% | 39.83% | 111.67M | 57.68% | 77.12M |
| Q2 FY2004 | 26 Jun 2004 | 64.21M | +6.81% | 33.86% | 98.32M | 51.84% | 64.21M |
| Q1 FY2004 | 27 Mar 2004 | 49.59M | -5.12% | 31.32% | 80.45M | 50.81% | 49.59M |
| Q4 FY2003 | 31 Dec 2003 | 62.67M | +18.17% | 36.83% | 95.52M | 56.14% | 68.15M |
| Q3 FY2003 | 27 Sept 2003 | 51.95M | +29.75% | 38.32% | 76.71M | 56.59% | 51.95M |
| Q2 FY2003 | 28 Jun 2003 | 60.12M | +22.47% | 41.89% | 83.66M | 58.30% | 64.89M |
| Q1 FY2003 | 29 Mar 2003 | 52.27M | +48.15% | 42.22% | 74.66M | 60.31% | 52.27M |
| Q4 FY2002 | 31 Dec 2002 | 53.03M | +67.40% | 39.67% | 73.85M | 55.24% | 59.48M |
| Q3 FY2002 | 28 Sept 2002 | 40.04M | +30.18% | 37.16% | 59.05M | 54.80% | 43.39M |
| Q2 FY2002 | 29 Jun 2002 | 49.09M | +27.55% | 39.96% | 67.66M | 55.08% | 52.50M |
| Q1 FY2002 | 30 Mar 2002 | 35.28M | +16.19% | 34.98% | 54.49M | 54.03% | 38.21M |
| Q4 FY2001 | 31 Dec 2001 | 31.68M | — | 34.06% | 49.46M | 53.17% | 35.75M |
| Q3 FY2001 | 29 Sept 2001 | 30.76M | — | 35.38% | 47.73M | 54.91% | 32.52M |
| Q2 FY2001 | 30 Jun 2001 | 38.48M | — | 37.13% | 55.05M | 53.12% | 41.14M |
| Q1 FY2001 | 31 Mar 2001 | 30.36M | — | 35.50% | 45.92M | 53.68% | 32.75M |
| Q4 FY2000 | 31 Dec 2000 | — | — | — | — | — | — |
| Q3 FY2000 | 30 Sept 2000 | — | — | — | — | — | — |
| Q2 FY2000 | 30 Jun 2000 | — | — | — | — | — | — |
| Q1 FY2000 | 31 Mar 2000 | — | — | — | — | — | — |
Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Garmin's operating income
Source: Financial Modeling Prep
