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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.
  • Garmin's 5-year Gross Margin high stood at 60.0% for Q3 2024, and its period low was 55.48% during Q4 2021.
  • For the 5-year period, Garmin's Gross Margin averaged around 58.07%, with its median value being 58.29% (2023).
  • Its Gross Margin has fluctuated over the past 5 years, first tumbled by -33300bps in 2022, then soared by 29700bps in 2024.
  • Quarter analysis of 5 years shows Garmin's Gross Margin stood at 55.48% in 2021, then grew by 3bps to 57.03% in 2022, then increased by 2bps to 58.29% in 2023, then grew by 2bps to 59.25% in 2024, then dropped by 0bps to 59.09% in 2025.
  • Its Gross Margin was 59.09% in Q3 2025, compared to 58.8% in Q2 2025 and 57.62% in Q1 2025.