Garmin (GRMN) Operating Leases (2019 - 2026)

Garmin has disclosed Operating Leases across 8 years of filings, most recently posting $167.6 million for Q1 2026.

• Operating Leases for Q1 2026 came in at $167.6 million, up 19.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $167.6 million (up 19.52% YoY), and the FY2025 annual result was $164.8 million, up 22.2% from the prior year.
• Operating Leases came in at $167.6 million for Q1 2026 at Garmin, up from $164.8 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $167.6 million in Q1 2026 to a low of $82.1 million in Q1 2022.
• The 5-year median for Operating Leases is $111.4 million (2023), against an average of $122.3 million.
• Across the five-year window, Operating Leases surged 63.53% in 2022 and retreated 7.74% in 2024, its largest moves.
• Garmin's Operating Leases stood at $114.5 million in 2022, then fell by 1.31% to $113.0 million in 2023, then climbed by 19.33% to $134.9 million in 2024, then increased by 22.2% to $164.8 million in 2025, then rose by 1.68% to $167.6 million in 2026.
• The last three Operating Leases figures came in at $167.6 million (Q1 2026), $164.8 million (Q4 2025), and $155.8 million (Q3 2025), per Business Quant data.