Garmin (GRMN) Operating Leases (2019 - 2026)
Garmin (GRMN) posted Operating Leases of $177.96 million for Q2 2026, up 19.7% from $148.61 million a year earlier and up 6.2% from the prior quarter.
Powered by 
Analysis
Garmin (GRMN) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Garmin's Operating Leases came in at $164.84 million, up 22.2% from FY2024.
- Annual Operating Leases shows a five-year compound annual growth rate of 16.8% (FY2020 to FY2025).
- In prior years, Garmin's Operating Leases was $134.89 million in FY2024 (+19.3%), $113.04 million in FY2023 (-1.3%), $114.54 million in FY2022 (+63.5%) and $70.04 million in FY2021 (-7.8%).
- The Q2 2026 figure stands as the highest quarterly Operating Leases in data going back to Q2 2019.
- On a year-over-year basis, Operating Leases has increased in each of the last seven quarters, with growth averaging 24.9% over the last eight quarters.
- The strongest year-over-year quarter for Operating Leases in the past five years was Q4 2022, with growth of 63.5%; the weakest was Q4 2021, with a decline of 7.8%.
- According to Business Quant data, Operating Leases for the three prior quarters was $167.61 million (Q1 2026), $164.84 million (Q4 2025) and $155.77 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 177.96 Mn |
| Mar 28, 2026 | 167.61 Mn |
| Dec 27, 2025 | 164.84 Mn |
| Sep 27, 2025 | 155.77 Mn |
| Jun 28, 2025 | 148.61 Mn |
| Mar 29, 2025 | 140.24 Mn |
| Dec 28, 2024 | 134.89 Mn |
| Sep 28, 2024 | 109.83 Mn |
| Jun 29, 2024 | 102.17 Mn |
| Mar 30, 2024 | 105.86 Mn |
| Dec 30, 2023 | 113.04 Mn |
| Sep 30, 2023 | 111.04 Mn |
| Jul 1, 2023 | 110.74 Mn |
| Apr 1, 2023 | 111.39 Mn |
| Dec 31, 2022 | 114.54 Mn |
| Sep 24, 2022 | 100.18 Mn |
| Jun 25, 2022 | 106.95 Mn |
| Mar 26, 2022 | 82.13 Mn |
| Dec 25, 2021 | 70.04 Mn |
| Sep 25, 2021 | 71.53 Mn |
API Access
Garmin Operating Leases 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-leases&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();