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Garmin (GRMN) Gross Margin (2017 - 2025)

Historic Gross Margin for Garmin (GRMN) over the last 16 years, with Q3 2025 value amounting to 59.09%.

  • Garmin's Gross Margin fell 9100.0% to 59.09% in Q3 2025 from the same period last year, while for Sep 2025 it was 58.73%, marking a year-over-year increase of 3000.0%. This contributed to the annual value of 58.7% for FY2024, which is 12300.0% up from last year.
  • According to the latest figures from Q3 2025, Garmin's Gross Margin is 59.09%, which was down 9100.0% from 58.8% recorded in Q2 2025.
  • In the past 5 years, Garmin's Gross Margin ranged from a high of 60.0% in Q3 2024 and a low of 55.48% during Q4 2021
  • Its 5-year average for Gross Margin is 58.07%, with a median of 58.29% in 2023.
  • As far as peak fluctuations go, Garmin's Gross Margin plummeted by -33300bps in 2022, and later surged by 29700bps in 2024.
  • Over the past 5 years, Garmin's Gross Margin (Quarter) stood at 55.48% in 2021, then rose by 3bps to 57.03% in 2022, then grew by 2bps to 58.29% in 2023, then rose by 2bps to 59.25% in 2024, then fell by 0bps to 59.09% in 2025.
  • Its last three reported values are 59.09% in Q3 2025, 58.8% for Q2 2025, and 57.62% during Q1 2025.