Garmin (GRMN) Exchange Rate Effect (2009 - 2026)
Garmin's (GRMN) quarterly Exchange Rate Effect came in at -$1.7 million in Q2 2026, down 103.6% year-over-year from $48.0 million in Q2 2025, and up 85.94% quarter-over-quarter from -$12.3 million in Q1 2026.
Analysis
Garmin (GRMN) Exchange Rate Effect (2009 - 2026) Analysis & Trends
Garmin has disclosed Exchange Rate Effect across 18 years of filings, most recently posting -$1.7 million for Q2 2026.
- In Q2 2026, Exchange Rate Effect fell 103.6% year-over-year to -$1.7 million; the TTM figure through Jun 2026 stood at -$19.5 million (down 137.41% YoY), while the FY2025 annual figure was $55.2 million, up 309.88% from the prior year.
- Exchange Rate Effect came in at -$1.7 million for Q2 2026 at Garmin, up from -$12.3 million in the prior quarter.
- In the past five years, Exchange Rate Effect ranged from a high of $48.0 million in Q2 2025 to a low of -$33.8 million in Q4 2024.
- Average Exchange Rate Effect over 5 years is $48722.2, with a median of -$3.3 million recorded in 2023.
- Year-over-year, Exchange Rate Effect slumped 510.78% in 2024 and surged 1346.83% in 2025.
- Over 5 years, Exchange Rate Effect stood at $16.8 million in 2022, then climbed by 20.8% to $20.3 million in 2023, then plunged by 266.48% to -$33.8 million in 2024, then jumped by 106.03% to $2.0 million in 2025, then tumbled by 184.79% to -$1.7 million in 2026.
- Per Business Quant data, the three most recent Exchange Rate Effect figures were -$1.7 million in Q2 2026, -$12.3 million in Q1 2026, and $2.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,784.34 Bn | 4,721.94 Bn | 54.77 Bn | - |
| 2 | Garmin | 52.47 Bn | 49.80 Bn | 1.26 Bn | -1.73 Mn |
| 3 | Vuzix | 212.26 Mn | 194.96 Mn | -645,411.00 | - |
| 4 | Zepp Health | 77.84 Mn | 8.18 Mn | 23.73 Mn | - |
| 5 | Foxx Development Holdings | 18.87 Mn | 15.68 Mn | -1.45 Mn | -3,154.00 |
| 6 | Wearable Devices | 741,166.25 | -18.10 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | -1.73 Mn |
| Mar 28, 2026 | -12.29 Mn |
| Dec 27, 2025 | 2.04 Mn |
| Sep 27, 2025 | -7.53 Mn |
| Jun 28, 2025 | 47.98 Mn |
| Mar 29, 2025 | 12.67 Mn |
| Dec 28, 2024 | -33.82 Mn |
| Sep 28, 2024 | 25.30 Mn |
| Jun 29, 2024 | -3.85 Mn |
| Mar 30, 2024 | -13.91 Mn |
| Dec 30, 2023 | 20.31 Mn |
| Sep 30, 2023 | -13.45 Mn |
| Jul 1, 2023 | -2.79 Mn |
| Apr 1, 2023 | 3.39 Mn |
| Dec 31, 2022 | 16.82 Mn |
| Sep 24, 2022 | -16.27 Mn |
| Jun 25, 2022 | -15.04 Mn |
| Mar 26, 2022 | -6.96 Mn |
| Dec 25, 2021 | -4.08 Mn |
| Sep 25, 2021 | -3.35 Mn |