Garmin (GRMN) Net Margin (2009 - 2026)

Garmin has disclosed Net Margin across 17 years of filings, most recently posting 26.8% for Q2 2026.

• In Q2 2026, Net Margin rose 471.0% year-over-year to 26.8%; the TTM figure through Jun 2026 stood at 24.47% (up 259.0% YoY), while the FY2025 annual figure was 22.96%, up 197.0% from the prior year.
• Net Margin came in at 26.8% for Q2 2026 at Garmin, up from 23.1% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 26.8% in Q2 2026 to a low of 17.63% in Q2 2023.
• Average Net Margin over 5 years is 21.77%, with a median of 21.74% recorded in 2023.
• Year-over-year, Net Margin soared 1340 bps in 2022 and slumped 603 bps in 2024.
• Over 5 years, Net Margin stood at 24.7% in 2022, then increased by 1 bps to 25.02% in 2023, then slipped by 24 bps to 18.99% in 2024, then surged by 31 bps to 24.88% in 2025, then gained by 8 bps to 26.8% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 26.8% in Q2 2026, 23.1% in Q1 2026, and 24.88% in Q4 2025.