Garmin (GRMN) Net Margin (2009 - 2026)

Garmin (GRMN) has 17 years of Net Margin data on file, last reported at 23.1% in Q1 2026.

• Quarterly Net Margin rose 142.0% year-over-year to 23.1% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.37% (down 123.0% YoY) and the FY2025 annual result came in at 24.1%, down 121.0% from the prior year.
• Net Margin eased to 23.1% in Q1 2026 per GRMN's latest filing, from 28.76% in the prior quarter.
• The five-year high for Net Margin was 33.93% in Q4 2024, with the low at 17.63% in Q2 2023.
• Average Net Margin over 5 years is 22.58%, with a median of 21.8% recorded in 2023.
• Year-over-year, Net Margin soared 891 bps in 2024 and slumped 516 bps in 2025.
• Garmin's Net Margin stood at 24.7% in 2022, then advanced by 1 bps to 25.02% in 2023, then jumped by 36 bps to 33.93% in 2024, then slipped by 15 bps to 28.76% in 2025, then dropped by 20 bps to 23.1% in 2026.
• Business Quant data shows GRMN's Net Margin at 23.1% in Q1 2026, 28.76% in Q4 2025, and 22.68% in Q3 2025.