Garmin (GRMN) Cost of Revenue (2009 - 2026)

Garmin has disclosed Cost of Revenue across 17 years of filings, most recently posting $711.2 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $711.2 million, up 9.32% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.0 billion (up 14.17% YoY), and the FY2025 annual result was $3.0 billion, up 14.95% from the prior year.
• Cost of Revenue came in at $711.2 million for Q1 2026 at Garmin, down from $866.7 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $866.7 million in Q4 2025 to a low of $469.9 million in Q3 2022.
• The 5-year median for Cost of Revenue is $618.4 million (2023), against an average of $622.2 million.
• Across the five-year window, Cost of Revenue declined 9.38% in 2022 and grew 20.1% in 2024, its largest moves.
• Garmin's Cost of Revenue stood at $561.4 million in 2022, then grew by 10.15% to $618.4 million in 2023, then rose by 20.1% to $742.6 million in 2024, then advanced by 16.71% to $866.7 million in 2025, then decreased by 17.94% to $711.2 million in 2026.
• The last three Cost of Revenue figures came in at $711.2 million (Q1 2026), $866.7 million (Q4 2025), and $724.4 million (Q3 2025), per Business Quant data.