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Garmin (GRMN) Operating Expenses: 2009-2025

Historic Operating Expenses for Garmin (GRMN) over the last 14 years, with Sep 2025 value amounting to $589.7 million.

  • Garmin's Operating Expenses rose 14.70% to $589.7 million in Q3 2025 from the same period last year, while for Sep 2025 it was $2.3 billion, marking a year-over-year increase of 11.52%. This contributed to the annual value of $2.1 billion for FY2024, which is 9.92% up from last year.
  • According to the latest figures from Q3 2025, Garmin's Operating Expenses is $589.7 million, which was down 0.85% from $594.7 million recorded in Q2 2025.
  • Over the past 5 years, Garmin's Operating Expenses peaked at $594.7 million during Q2 2025, and registered a low of $391.9 million during Q1 2021.
  • For the 3-year period, Garmin's Operating Expenses averaged around $522.9 million, with its median value being $520.9 million (2024).
  • Data for Garmin's Operating Expenses shows a peak YoY rose of 25.27% (in 2021) over the last 5 years.
  • Quarterly analysis of 5 years shows Garmin's Operating Expenses stood at $457.0 million in 2021, then rose by 4.55% to $477.8 million in 2022, then grew by 9.61% to $523.7 million in 2023, then climbed by 7.67% to $563.8 million in 2024, then climbed by 14.70% to $589.7 million in 2025.
  • Its Operating Expenses stands at $589.7 million for Q3 2025, versus $594.7 million for Q2 2025 and $551.7 million for Q1 2025.