Garmin (GRMN) Operating Expenses (2009 - 2026)

Garmin has disclosed Operating Expenses across 17 years of filings, most recently posting $610.6 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $610.6 million, up 10.68% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.4 billion (up 13.42% YoY), and the FY2025 annual result was $2.4 billion, up 13.21% from the prior year.
• Operating Expenses came in at $610.6 million for Q1 2026 at Garmin, down from $644.1 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $644.1 million in Q4 2025 to a low of $431.1 million in Q3 2022.
• The 5-year median for Operating Expenses is $514.1 million (2024), against an average of $516.8 million.
• Across the five-year window, Operating Expenses rose 4.32% in 2022 and grew 14.7% in 2025, its largest moves.
• Garmin's Operating Expenses stood at $477.8 million in 2022, then rose by 9.61% to $523.7 million in 2023, then climbed by 7.67% to $563.8 million in 2024, then advanced by 14.23% to $644.1 million in 2025, then retreated by 5.2% to $610.6 million in 2026.
• The last three Operating Expenses figures came in at $610.6 million (Q1 2026), $644.1 million (Q4 2025), and $589.7 million (Q3 2025), per Business Quant data.