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Garmin (GRMN) Gross Profit: 2009-2024

Historic Gross Profit for Garmin (GRMN) over the last 15 years, with Dec 2024 value amounting to $3.7 billion.

  • Garmin's Gross Profit rose 9.97% to $1.0 billion in Q3 2025 from the same period last year, while for Sep 2025 it was $4.1 billion, marking a year-over-year increase of 17.16%. This contributed to the annual value of $3.7 billion for FY2024, which is 23.02% up from last year.
  • Per Garmin's latest filing, its Gross Profit stood at $3.7 billion for FY2024, which was up 23.02% from $3.0 billion recorded in FY2023.
  • Garmin's 5-year Gross Profit high stood at $3.7 billion for FY2024, and its period low was $2.5 billion during FY2020.
  • For the 3-year period, Garmin's Gross Profit averaged around $3.2 billion, with its median value being $3.0 billion (2023).
  • Its Gross Profit has fluctuated over the past 5 years, first dropped by 2.90% in 2022, then increased by 23.02% in 2024.
  • Garmin's Gross Profit (Yearly) stood at $2.5 billion in 2020, then rose by 16.49% to $2.9 billion in 2021, then decreased by 2.90% to $2.8 billion in 2022, then increased by 7.06% to $3.0 billion in 2023, then increased by 23.02% to $3.7 billion in 2024.