Garmin (GRMN) Gross Margin (2009 - 2026)

Garmin has disclosed Gross Margin across 17 years of filings, most recently posting 59.44% for Q1 2026.

• Gross Margin for Q1 2026 came in at 59.44%, up 182.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 59.14% (up 55.0% YoY), and the FY2025 annual result was 58.74%, up 4.0% from the prior year.
• Gross Margin came in at 59.44% for Q1 2026 at Garmin, roughly flat from 59.21% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 60.0% in Q3 2024 to a low of 56.49% in Q1 2022.
• The 5-year median for Gross Margin is 58.29% (2023), against an average of 58.21%.
• Across the five-year window, Gross Margin sank 333 bps in 2022 and jumped 297 bps in 2024, its largest moves.
• Garmin's Gross Margin stood at 57.03% in 2022, then climbed by 2 bps to 58.29% in 2023, then increased by 2 bps to 59.25% in 2024, then decreased by 0 bps to 59.21% in 2025, then gained by 0 bps to 59.44% in 2026.
• The last three Gross Margin figures came in at 59.44% (Q1 2026), 59.21% (Q4 2025), and 59.09% (Q3 2025), per Business Quant data.