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Garmin (GRMN) Operating Expenses (2017 - 2025)

Garmin (GRMN) has disclosed Operating Expenses for 16 consecutive years, with $644.1 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 14.23% to $644.1 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $2.4 billion through Dec 2025, up 13.21% year-over-year, with the annual reading at $2.4 billion for FY2025, 13.21% up from the prior year.
  • Operating Expenses hit $644.1 million in Q4 2025 for Garmin, up from $589.7 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 $391.9 million in Q1 2021.
  • Historically, Operating Expenses has averaged $492.3 million across 5 years, with a median of $476.4 million in 2022.
  • Biggest five-year swings in Operating Expenses: increased 25.27% in 2021 and later increased 4.32% in 2022.
  • Year by year, Operating Expenses stood at $457.0 million in 2021, then rose by 4.55% to $477.8 million in 2022, then increased by 9.61% to $523.7 million in 2023, then increased by 7.67% to $563.8 million in 2024, then grew by 14.23% to $644.1 million in 2025.
  • Business Quant data shows Operating Expenses for GRMN at $644.1 million in Q4 2025, $589.7 million in Q3 2025, and $594.7 million in Q2 2025.