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Garmin (GRMN) Operating Expenses: 2009-2024

Historic Operating Expenses for Garmin (GRMN) over the last 14 years, with Dec 2024 value amounting to $2.1 billion.

  • 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.
  • Garmin's Operating Expenses amounted to $2.1 billion in FY2024, which was up 9.92% from $1.9 billion recorded in FY2023.
  • Garmin's 5-year Operating Expenses high stood at $2.1 billion for FY2024, and its period low was $1.4 billion during FY2020.
  • Its 3-year average for Operating Expenses is $1.9 billion, with a median of $1.9 billion in 2023.
  • Data for Garmin's Operating Expenses shows a peak YoY increased of 17.15% (in 2021) over the last 5 years.
  • Yearly analysis of 5 years shows Garmin's Operating Expenses stood at $1.4 billion in 2020, then grew by 17.15% to $1.7 billion in 2021, then climbed by 6.41% to $1.8 billion in 2022, then climbed by 7.53% to $1.9 billion in 2023, then rose by 9.92% to $2.1 billion in 2024.