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Garmin (GRMN) Gross Margin: 2009-2025

Historic Gross Margin for Garmin (GRMN) over the last 14 years, with Sep 2025 value amounting to 59.09%.

  • Garmin's Gross Margin fell 91.00% 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 30.00%. This contributed to the annual value of 58.70% for FY2024, which is 123.00% up from last year.
  • As of Q3 2025, Garmin's Gross Margin stood at 59.09%, which was up 0.49% from 58.80% recorded in Q2 2025.
  • Over the past 5 years, Garmin's Gross Margin peaked at 60.00% during Q3 2024, and registered a low of 55.48% during Q4 2021.
  • For the 3-year period, Garmin's Gross Margin averaged around 58.16%, with its median value being 58.06% (2024).
  • Per our database at Business Quant, Garmin's Gross Margin tumbled by 333bps in 2022 and then surged by 297bps in 2024.
  • Quarterly analysis of 5 years shows Garmin's Gross Margin stood at 55.48% in 2021, then surged by 154bps to 57.03% in 2022, then surged by 126bps to 58.29% in 2023, then soared by 96bps to 59.25% in 2024, then plummeted by 91bps to 59.09% in 2025.
  • Its Gross Margin was 59.09% in Q3 2025, compared to 58.80% in Q2 2025 and 57.62% in Q1 2025.