Garmin (GRMN) Operating Income (2009 - 2026)
Garmin (GRMN) reported Operating Income of $611.65 million for Q3 2026, up 33.9% from $456.8 million a year earlier but down 0.6% from the prior quarter.
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Analysis
Garmin (GRMN) Operating Income (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 26, 2026, Garmin's Operating Income came in at $2.27 billion, up 27.8% year-over-year; for FY2025, it came in at $1.88 billion, up 17.7% from FY2024.
- Operating Income has increased for three consecutive years, with a five-year compound annual growth rate of 12.2% (FY2020 to FY2025).
- By year, Operating Income came in at $1.59 billion in FY2024 (+45.9%), $1.09 billion in FY2023 (+6.3%), $1.03 billion in FY2022 (-15.7%) and $1.22 billion in FY2021 (+15.6%).
- Five-year quarterly Operating Income spans a low of $196.98 million in Q1 2023 and a high of $615.51 million in Q2 2026.
- Year over year, Operating Income has now increased in each of the last 13 quarters, with growth averaging 27.3% over the last eight quarters.
- The high point for year-over-year Operating Income in five years was Q3 2024 (growth of 61.8%); the low point was Q2 2022 (a decline of 21.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $615.51 million (Q2 2026), $431.67 million (Q1 2026) and $614.15 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,064.64 Bn | 4,810.10 Bn | 54.82 Bn | 35.63 Bn |
| 2 | Cisco Systems | 387.30 Bn | 323.23 Bn | 11.06 Bn | 4.26 Bn |
| 3 | Arista Networks | 233.88 Bn | 183.08 Bn | 2.33 Bn | 1.64 Bn |
| 4 | Dell Technologies | 213.96 Bn | 169.72 Bn | 9.83 Bn | 5.39 Bn |
| 5 | Sony | 164.26 Bn | 101.68 Bn | 7.96 Bn | 3.91 Bn |
| 6 | Sandisk | 123.84 Bn | 108.67 Bn | 9.38 Bn | 8.78 Bn |
| 7 | Seagate Technology Holdings | 115.23 Bn | 110.07 Bn | 2.43 Bn | 2.06 Bn |
| 8 | Western Digital | 108.25 Bn | 98.08 Bn | 2.53 Bn | 2.05 Bn |
| 9 | Hewlett Packard Enterprise | 63.71 Bn | 41.65 Bn | 4.93 Bn | 1.39 Bn |
| 10 | Garmin | 55.63 Bn | 45.19 Bn | 1.26 Bn | 611.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 611.65 Mn |
| Jun 27, 2026 | 615.51 Mn |
| Mar 28, 2026 | 431.67 Mn |
| Dec 27, 2025 | 614.15 Mn |
| Sep 27, 2025 | 456.80 Mn |
| Jun 28, 2025 | 472.30 Mn |
| Mar 29, 2025 | 332.82 Mn |
| Dec 28, 2024 | 516.08 Mn |
| Sep 28, 2024 | 437.48 Mn |
| Jun 29, 2024 | 342.03 Mn |
| Mar 30, 2024 | 298.41 Mn |
| Dec 30, 2023 | 340.45 Mn |
| Sep 30, 2023 | 270.37 Mn |
| Jul 1, 2023 | 284.36 Mn |
| Apr 1, 2023 | 196.98 Mn |
| Dec 31, 2022 | 267.17 Mn |
| Sep 24, 2022 | 239.37 Mn |
| Jun 25, 2022 | 292.74 Mn |
| Mar 26, 2022 | 228.56 Mn |
| Dec 25, 2021 | 315.12 Mn |
API Access
Garmin Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();