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Garmin GRMN Fitness — Selling General And Administrative Expense

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Other financials

Income statement

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Revenue$2.0B+11.4%
Gross profit$1.3B+18.3%
Operating income$615.5M+30.3%
Net income$541.9M+35.2%
EPS (diluted)$2.80+35.3%

Balance sheet

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Cash & equivalents$2.3B+12.6%
Total debt$178.0M+19.7%
Total equity$9.0B+11.1%
Total assets$11.4B+10.7%

Cash flow

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Operating cash flow$403.6M+133%
CapEx$127.8M+180%
Free cash flow$275.8M+116%

Valuation

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Market cap$58.35B+31.7%
Enterprise value$56.19B+32.6%
P/E31.1×+2.8×
P/S7.6×+1.1×

Profitability

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Gross margin60.1%+1.1pp
Operating margin27.6%+1.6pp
Net margin24.5%+1.3pp
FCF margin20.9%+4.2pp

Returns & leverage

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Return on equity21.9%+1.2pp
Debt / equity0.0×
Current ratio0.0×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The source filing: Garmin’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 7:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-322114
13-Weeks Ended June 27, 2026FitnessOutdoorAviationMarineAuto OEMTotal
Cost of goods sold276,100150,42166,778132,405134,366760,070
Gross profit480,723332,319201,971208,96438,0451,262,022
Research and development expense64,36174,19891,29051,08923,002303,940
Selling, general and administrative expenses139,32394,53838,51558,02712,171342,574
Operating income (loss)$277,039$163,583$72,166$99,848$2,872$615,508
13-Weeks Ended June 28, 2025
Net sales$605,425$490,357$249,366$299,262$170,154$1,814,564
Cost of goods sold240,755165,92863,894134,924142,051747,552

Item 1 - Condensed Consolidated Financial Statements

FAQ

What is Garmin's fitness — selling general and administrative expense?
Garmin (GRMN) reported fitness — selling general and administrative expense of $139.32M in Q2 2026.
How has Garmin's fitness — selling general and administrative expense changed year-over-year?
Garmin's fitness — selling general and administrative expense increased by 21.8% year-over-year, from $114.34M to $139.32M.
What is the long-term trend for Garmin's fitness — selling general and administrative expense?
Over 3 years (2022 to 2025), Garmin's fitness — selling general and administrative expense has grown at a 15.7% compound annual growth rate (CAGR), from $297.16M to $459.75M.
What does fitness — selling general and administrative expense mean?
This includes all operating costs not directly tied to production, such as marketing, sales commissions, administrative salaries, and general overhead for the fitness segment. It reflects the cost of supporting the business infrastructure and acquiring new customers. Efficient management of these costs is essential for scaling the segment profitably.

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