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Garmin (GRMN) Operating Expenses (2017 - 2025)

Garmin's Operating Expenses history spans 14 years, with the latest figure at $644.1 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 14.23% year-over-year to $644.1 million; the TTM value through Dec 2025 reached $2.4 billion, up 13.21%, while the annual FY2025 figure was $2.4 billion, 13.21% up from the prior year.
  • Operating Expenses for Q4 2025 was $644.1 million at Garmin, up from $589.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $644.1 million in Q4 2025 and bottomed at $391.9 million in Q1 2021.
  • The 5-year median for Operating Expenses is $476.4 million (2022), against an average of $492.3 million.
  • The largest annual shift saw Operating Expenses grew 25.27% in 2021 before it rose 4.32% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $457.0 million in 2021, then increased by 4.55% to $477.8 million in 2022, then grew by 9.61% to $523.7 million in 2023, then grew by 7.67% to $563.8 million in 2024, then rose by 14.23% to $644.1 million in 2025.
  • Per Business Quant, the three most recent readings for GRMN's Operating Expenses are $644.1 million (Q4 2025), $589.7 million (Q3 2025), and $594.7 million (Q2 2025).