Garmin annual operating expenses
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Garmin Operating Expenses Growth & History (GRMN)
Garmin's operating expenses was $2.38B for fiscal 2025.
View full Garmin company overviewGarmin annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-27 | $2.38B | $277.7M | +13.21% |
| 2024 | 2024-12-28 | $2.10B | $189.8M | +9.92% |
| 2023 | 2023-12-30 | $1.91B | $133.9M | +7.53% |
| 2022 | 2022-12-31 | $1.78B | $107.1M | +6.41% |
| 2021 | 2021-12-25 | $1.67B | $244.7M | +17.15% |
| 2020 | 2020-12-26 | $1.43B | $138.7M | +10.77% |
| 2019 | 2019-12-28 | $1.29B | $87.0M | +7.24% |
| 2018 | 2018-12-29 | $1.20B | $87.1M | +7.81% |
| 2017 | 2017-12-30 | $1.11B | $58.6M | +5.56% |
| 2016 | 2016-12-31 | $1.06B | $66.5M | +6.73% |
| 2015 | 2015-12-26 | $989.1M | $75.3M | +8.24% |
| 2014 | 2014-12-27 | $913.8M | $80.5M | +9.66% |
| 2013 | 2013-12-28 | $833.3M | −$1.1M | −0.13% |
| 2012 | 2012-12-29 | $834.3M | $49.5M | +6.31% |
| 2011 | 2011-12-31 | $784.8M | $75.1M | +10.59% |
| 2010 | 2010-12-25 | $709.7M | $51.6M | +7.84% |
| 2009 | 2009-12-26 | $658.1M | −$33.4M | −4.83% |
| 2008 | 2008-12-27 | $691.5M | $135.6M | +24.39% |
| 2007 | 2007-12-29 | $555.9M | — | — |
Garmin quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $646.5M | $51.8M | +8.71% |
| Q1 2026 | 2026-03-28 | $610.6M | $58.9M | +10.68% |
| Q4 2025 | 2025-12-27 | $644.1M | $80.3M | +14.23% |
| Q3 2025 | 2025-09-27 | $589.7M | $75.6M | +14.70% |
| Q2 2025 | 2025-06-28 | $594.7M | $73.9M | +14.18% |
| Q1 2025 | 2025-03-29 | $551.7M | $48.0M | +9.53% |
| Q4 2024 | 2024-12-28 | $563.8M | $40.1M | +7.67% |
| Q3 2024 | 2024-09-28 | $514.1M | $55.9M | +12.21% |
| Q2 2024 | 2024-06-29 | $520.9M | $45.8M | +9.64% |
| Q1 2024 | 2024-03-30 | $503.7M | $47.9M | +10.51% |
| Q4 2023 | 2023-12-30 | $523.7M | $45.9M | +9.61% |
| Q3 2023 | 2023-09-30 | $458.2M | $27.1M | +6.28% |
| Q2 2023 | 2023-07-01 | $475.1M | $39.0M | +8.94% |
| Q1 2023 | 2023-04-01 | $455.8M | $21.9M | +5.04% |
| Q4 2022 | 2022-12-31 | $477.8M | $20.8M | +4.55% |
| Q3 2022 | 2022-09-24 | $431.1M | $17.8M | +4.32% |
| Q2 2022 | 2022-06-25 | $436.1M | $26.4M | +6.45% |
| Q1 2022 | 2022-03-26 | $433.9M | $42.0M | +10.72% |
| Q4 2021 | 2021-12-25 | $457.0M | $37.3M | +8.88% |
| Q3 2021 | 2021-09-25 | $413.3M | $62.4M | +17.78% |
| Q2 2021 | 2021-06-26 | $409.7M | $82.6M | +25.27% |
| Q1 2021 | 2021-03-27 | $391.9M | $62.4M | +18.95% |
| Q4 2020 | 2020-12-26 | $419.7M | $56.8M | +15.65% |
| Q3 2020 | 2020-09-26 | $350.9M | $44.9M | +14.67% |
| Q2 2020 | 2020-06-27 | $327.0M | $7.9M | +2.47% |
| Q1 2020 | 2020-03-28 | $329.5M | $29.1M | +9.70% |
| Q4 2019 | 2019-12-28 | $362.9M | $36.4M | +11.16% |
| Q3 2019 | 2019-09-28 | $306.0M | $21.2M | +7.45% |
| Q2 2019 | 2019-06-29 | $319.1M | $13.4M | +4.38% |
| Q1 2019 | 2019-03-30 | $300.3M | $16.0M | +5.62% |
| Q4 2018 | 2018-12-29 | $326.5M | $6.3M | +1.98% |
| Q3 2018 | 2018-09-29 | $284.8M | $20.9M | +7.93% |
| Q2 2018 | 2018-06-30 | $305.8M | $31.3M | +11.39% |
| Q1 2018 | 2018-03-31 | $284.3M | $28.6M | +11.16% |
| Q4 2017 | 2017-12-30 | $320.1M | $9.2M | +2.95% |
| Q3 2017 | 2017-09-30 | $263.9M | $17.5M | +7.11% |
| Q2 2017 | 2017-07-01 | $274.5M | $12.2M | +4.66% |
| Q1 2017 | 2017-04-01 | $255.8M | $19.7M | +8.36% |
| Q4 2016 | 2016-12-31 | $311.0M | $43.6M | +16.30% |
| Q3 2016 | 2016-09-24 | $246.4M | $9.6M | +4.07% |
| Q2 2016 | 2016-06-25 | $262.3M | $9.7M | +3.84% |
| Q1 2016 | 2016-03-26 | $236.0M | $3.6M | +1.56% |
| Q4 2015 | 2015-12-26 | $267.4M | $12.5M | +4.92% |
| Q3 2015 | 2015-09-26 | $236.7M | $14.0M | +6.28% |
| Q2 2015 | 2015-06-27 | $252.6M | $26.9M | +11.90% |
| Q1 2015 | 2015-03-28 | $232.4M | $22.0M | +10.43% |
| Q4 2014 | 2014-12-27 | $254.8M | $32.7M | +14.71% |
| Q3 2014 | 2014-09-27 | $222.7M | $21.6M | +10.74% |
| Q2 2014 | 2014-06-28 | $225.7M | $12.0M | +5.60% |
| Q1 2014 | 2014-03-29 | $210.5M | $14.3M | +7.27% |
| Q4 2013 | 2013-12-28 | $222.2M | −$1.9M | −0.86% |
| Q3 2013 | 2013-09-28 | $201.1M | $2.1M | +1.08% |
| Q2 2013 | 2013-06-29 | $213.8M | −$4.1M | −1.86% |
| Q1 2013 | 2013-03-30 | $196.2M | $2.8M | +1.44% |
| Q4 2012 | 2012-12-29 | $224.1M | −$9.6M | −4.11% |
| Q3 2012 | 2012-09-29 | $199.0M | $2.0M | +1.01% |
| Q2 2012 | 2012-06-30 | $217.8M | $27.3M | +14.33% |
| Q1 2012 | 2012-03-31 | $193.4M | $29.8M | +18.22% |
| Q4 2011 | 2011-12-31 | $233.7M | $38.6M | +19.76% |
| Q3 2011 | 2011-09-24 | $197.0M | $19.6M | +11.06% |
| Q2 2011 | 2011-06-25 | $190.5M | $900,000 | +0.47% |
| Q1 2011 | 2011-03-26 | $163.6M | $16.1M | +10.88% |
| Q4 2010 | 2010-12-25 | $195.1M | $401,000 | +0.21% |
| Q3 2010 | 2010-09-25 | $177.4M | $4.5M | +2.62% |
| Q2 2010 | 2010-06-26 | $189.6M | $37.1M | +24.36% |
| Q1 2010 | 2010-03-27 | $147.6M | $9.5M | +6.90% |
| Q4 2009 | 2009-12-26 | $194.7M | — | — |
| Q3 2009 | 2009-09-26 | $172.9M | $1.6M | +0.92% |
| Q2 2009 | 2009-06-27 | $152.5M | −$26.2M | −14.65% |
| Q1 2009 | 2009-03-28 | $138.0M | — | — |
| Q3 2008 | 2008-09-27 | $171.3M | — | — |
| Q2 2008 | 2008-06-28 | $178.6M | — | — |
Garmin operating expenses trends
Over the last five fiscal years, Garmin's operating expenses increased from $1.43B to $2.38B, a change of $953.1M. The latest reported quarter, Q2 2026, shows $646.5M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Garmin source filings ↗