What is Garmin's revenue?

Garmin (GRMN) generated $7.5B in revenue over the trailing twelve months, up 15.7% year over year.

Is Garmin profitable?

Garmin reported $1.7B in net income over the trailing twelve months, a 23.3% net margin.

What are Garmin's profit margins?

Gross margin is 59.1% and operating margin is 26.5%, with a 23.3% net margin.

What is Garmin's earnings per share?

Garmin's diluted EPS over the trailing twelve months is $8.96.

Where does Garmin's income statement data come from?

Every line is extracted from Garmin's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Garmin GRMN Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total revenue	$7.46B+3.0%	$7.25B+4.4%	$6.94B+2.7%	$6.76B+4.8%	$6.45B+2.4%
Total cost of revenue	$3.05B+2.0%	$2.99B+4.3%	$2.87B+3.2%	$2.78B+3.9%	$2.67B+2.7%
Gross profit	$4.41B+3.7%	$4.26B+4.4%	$4.08B+2.4%	$3.98B+5.4%	$3.78B+2.2%
Gross margin	59.1%+0.4pp	58.7%0.0pp	58.7%-0.2pp	58.9%+0.4pp	58.6%-0.1pp
Research and development	$1.15B+2.5%	$1.13B+3.3%	$1.09B+3.5%	$1.05B+3.3%	$1.02B+2.6%
Selling, general and administrative	$1.29B+2.5%	$1.25B+3.6%	$1.21B+3.3%	$1.17B+3.6%	$1.13B+2.0%
Compensation and benefits	——	——	——	——	——
Depreciation and amortization	——	——	——	——	——
Other operating expenses	$2.44B+2.5%	$2.38B+3.5%	$2.3B+3.4%	$2.22B+3.4%	$2.15B+2.3%
Total operating expenses	$2.44B+2.5%	$2.38B+3.5%	$2.3B+3.4%	$2.22B+3.4%	$2.15B+2.3%
Operating income	$1.97B+5.3%	$1.88B+5.5%	$1.78B+1.1%	$1.76B+8.0%	$1.63B+2.2%
Operating margin	26.5%+0.6pp	25.9%+0.3pp	25.6%-0.4pp	26%+0.8pp	25.2%-0.1pp
Interest income	$134.34M+4.2%	$128.87M+3.4%	$124.69M+2.7%	$121.44M+2.0%	$119M+4.8%
Other income (expense), net	$123.07M-11.1%	$138.46M+18.1%	$117.28M+3.8%	$113.04M-12.4%	$129.03M+27.2%
Gain (loss) on disposal of assets	——	——	——	——	——
Income before income taxes	$2.1B+4.1%	$2.01B+6.3%	$1.9B+1.3%	$1.87B+6.5%	$1.76B+3.7%
Income tax expense	$361.79M+3.2%	$350.65M+8.1%	$324.35M+6.9%	$303.28M+4.9%	$289.2M+1.8%
Net income	$1.74B+4.3%	$1.66B+5.9%	$1.57B+0.2%	$1.57B+6.8%	$1.47B+4.0%
Net margin	23.3%+0.3pp	23%+0.3pp	22.6%-0.6pp	23.2%+0.4pp	22.8%+0.3pp
Diluted earnings per share	$8.96+4.3%	$8.59+5.9%	$8.11+0.1%	$8.10+6.7%	$7.59+4.0%
Basic earnings per share	$9.02+4.3%	$8.65+5.9%	$8.17+0.1%	$8.16+6.7%	$7.65+3.9%
Weighted-average shares, diluted	——	——	——	——	——
Weighted-average shares, basic	——	——	——	——	——
Accrued Interest Written Off	——	——	——	——	——
Adjustment For Amortization	——	——	——	——	——
Share-based compensation expense related to employee stock plans	——	——	——	——	——
Stock options excluded as their inclusion would be anti-dilutive (in shares)	——	——	——	——	——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	——	——	——	——
Cash From Payments For Acquisitions	——	——	——	——	——
Dividends declared (in dollars per share)	——	——	——	——	——
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	——	——	——	——	——
Contract With Customer Liability Additions	——	——	——	——	——
Contract With Customer Liability Revenue Recognized Including Additions	——	——	——	——	——
Revenue recognized that was included in deferred income at the beginning of the period	——	——	——	——	——
Deferred Costs Addition	——	——	——	——	——
Deferred Costs Recognized1	——	——	——	——	——
Deferred taxes	——	$82.55M+109%	$39.5M+1,213%	-$3.55M+92.4%	-$46.6M+48.0%
Deferred and other income taxes	$97.44M+18.0%	$82.55M+656%	-$14.85M+85.5%	-$102.11M-13.3%	-$90.12M-2.2%
Depreciation	$155.57M+1.9%	$152.61M-0.8%	$153.78M+3.5%	$148.58M+3.1%	$144.07M+2.5%
Dividends Net	——	——	——	——	——
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	——	——	——	$52.13M+17,161%	$302K+101%
Effective tax rates	——	——	——	——	——
Gain (Loss), Foreign Currency Transaction, before Tax	——	——	-$14.6M+13.1%	-$16.8M-994%	$1.88M+109%
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax	——	——	——	——	——
Gain Loss On Sale Of Property Plant Equipment	-$938K-6.5%	-$881K-120%	$4.48M-4.3%	$4.68M-4.6%	$4.91M+0.1%
Accounts payable	——	——	——	——	$112.97M-9.1%
Increase (Decrease) in Accounts Receivable	$134.11M-39.8%	$222.81M+833%	$23.87M-85.9%	$169.75M+85.3%	$91.62M-53.3%
Increase (decrease) in contract liabilities and current deferred income	——	——	——	——	——
Increase (Decrease) in Deferred Charges	——	——	——	——	——
Income taxes	-$138.12M-187%	-$48.18M-1,038%	$5.13M—	——	——
Increase (Decrease) in Inventories	——	——	$339.83M-9.1%	$373.72M+25.6%	$297.6M+66.4%
Increase (Decrease) in Other Operating Assets	$9.64M+602%	-$1.92M—	——	——	——
Other liabilities	$52.61M-38.6%	$85.67M+152%	$33.94M—	——	——
Add - Incremental shares under stock-based compensation plans (in shares)	——	——	——	——	——
Interest Income, Other	$134.34M+4.2%	$128.87M+3.4%	$124.69M+2.7%	$121.44M+2.0%	$119M+4.8%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$899.33M-6.5%	-$844.08M-5.1%	-$802.9M-6.1%	-$756.91M-12.1%	-$675.47M-7.8%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$765M-18.6%	-$645.24M+9.9%	-$716.4M-44.4%	-$496.29M-1.5%	-$489.06M-24.3%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$1.75B+7.1%	$1.63B+4.5%	$1.56B+17.0%	$1.34B-5.8%	$1.42B-1.0%
Number of reportable segments	——	——	——	——	——
Unrealized gains (losses) on available-for-sale securities	——	——	——	——	——
Foreign currency translation gains (losses)	——	——	——	——	——
Tax expense (benefit)	——	——	——	——	——
Tax expense (benefit) of unrealized gains/losses on available for sale securities still held	——	——	——	——	——
Net unrealized gains (losses) on securities still held	——	——	——	——	——
Other Investing Activities Net	——	——	——	——	——
Other income, net (Note 6)	$2.52M+44.9%	$1.74M-75.8%	$7.19M-14.5%	$8.41M+3.2%	$8.15M-3.9%
Payment For Purchase Of Treasury Stock Under Share Repurchase Plan	——	——	——	——	——
Payments For Repurchase Of Treasury Stock Related To Equity Awards	——	——	——	——	——
Payments of Dividends	$692.96M+4.4%	$663.89M+4.6%	$634.9M+4.8%	$605.86M+5.1%	$576.71M+0.8%
Payments to Acquire Debt Securities, Available-for-Sale	$993.37M+18.3%	$839.85M-3.2%	$867.83M+25.5%	$691.59M+14.9%	$601.72M+18.6%
Payments to Acquire Property, Plant, and Equipment	$297M+9.8%	$270.45M+17.1%	$230.98M+10.5%	$208.98M+4.2%	$200.47M+3.6%
Proceeds from sales and redemptions of investments in debt securities classified as available for sale	$699.5M+9.2%	$640.4M+13.6%	$563.64M+36.9%	$411.86M+28.4%	$320.82M+3.8%
Standard and Extended Product Warranty Accrual, Decrease for Payments	——	——	——	——	——
Product Warranty Accrual Warranties Issued	——	——	——	——	——
Purchase Of Treasury Stock Under Share Repurchase Plan1	——	——	——	——	——
Tax effect	——	——	——	——	——
Revenue From Contract With Customer Excluding Assessed Tax	$7.46B+3.0%	$7.25B+4.4%	$6.94B+2.7%	$6.76B+4.8%	$6.45B+2.4%
Stock-based compensation	$171.55M+3.3%	$166M+3.0%	$161.13M+5.0%	$153.46M+6.4%	$144.22M+5.1%
Treasury stock, value, acquired	——	——	——	——	——
EBIT	$1.97B+5.3%	$1.88B+5.5%	$1.78B+1.1%	$1.76B+8.0%	$1.63B+2.2%
EBITDA	$2.13B+5.0%	$2.03B+5.0%	$1.93B+1.3%	$1.91B+7.6%	$1.77B+2.2%
EBITDA	$2.13B+5.0%	$2.03B+5.0%	$1.93B+1.3%	$1.91B+7.6%	$1.77B+2.2%
EBITDA margin	28.5%+0.5pp	28%+0.2pp	27.8%-0.4pp	28.2%+0.7pp	27.5%-0.1pp
EBIT	$1.97B+5.3%	$1.88B+5.5%	$1.78B+1.1%	$1.76B+8.0%	$1.63B+2.2%

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Questions, answered.

What is Garmin's revenue?: Garmin (GRMN) generated $7.5B in revenue over the trailing twelve months, up 15.7% year over year.
Is Garmin profitable?: Garmin reported $1.7B in net income over the trailing twelve months, a 23.3% net margin.
What are Garmin's profit margins?: Gross margin is 59.1% and operating margin is 26.5%, with a 23.3% net margin.
What is Garmin's earnings per share?: Garmin's diluted EPS over the trailing twelve months is $8.96.
Where does Garmin's income statement data come from?: Every line is extracted from Garmin's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.