Growth Metrics

Garmin (GRMN) Cost of Revenue (2017 - 2026)

Garmin's Cost of Revenue history spans 17 years, with the latest figure at $711.2 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 9.32% to $711.2 million in Q1 2026 year-over-year; TTM through Mar 2026 was $3.0 billion, a 14.17% increase, with the full-year FY2025 number at $3.0 billion, up 14.95% from a year prior.
  • Cost of Revenue hit $711.2 million in Q1 2026 for Garmin, down from $866.7 million in the prior quarter.
  • Over the last five years, Cost of Revenue for GRMN hit a ceiling of $866.7 million in Q4 2025 and a floor of $469.9 million in Q3 2022.
  • Historically, Cost of Revenue has averaged $622.2 million across 5 years, with a median of $618.4 million in 2023.
  • Biggest five-year swings in Cost of Revenue: dropped 9.38% in 2022 and later rose 20.1% in 2024.
  • Tracing GRMN's Cost of Revenue over 5 years: stood at $561.4 million in 2022, then increased by 10.15% to $618.4 million in 2023, then grew by 20.1% to $742.6 million in 2024, then rose by 16.71% to $866.7 million in 2025, then fell by 17.94% to $711.2 million in 2026.
  • Business Quant data shows Cost of Revenue for GRMN at $711.2 million in Q1 2026, $866.7 million in Q4 2025, and $724.4 million in Q3 2025.