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Garmin (GRMN) Operating Leases: 2019-2024

Historic Operating Leases for Garmin (GRMN) over the last 6 years, with Dec 2024 value amounting to $134.9 million.

  • Garmin's Operating Leases rose 41.83% to $155.8 million in Q3 2025 from the same period last year, while for Sep 2025 it was $155.8 million, marking a year-over-year increase of 41.83%. This contributed to the annual value of $134.9 million for FY2024, which is 19.33% up from last year.
  • As of FY2024, Garmin's Operating Leases stood at $134.9 million, which was up 19.33% from $113.0 million recorded in FY2023.
  • In the past 5 years, Garmin's Operating Leases registered a high of $134.9 million during FY2024, and its lowest value of $70.0 million during FY2021.
  • In the last 3 years, Garmin's Operating Leases had a median value of $114.5 million in 2022 and averaged $120.8 million.
  • As far as peak fluctuations go, Garmin's Operating Leases declined by 7.79% in 2021, and later spiked by 63.53% in 2022.
  • Yearly analysis of 5 years shows Garmin's Operating Leases stood at $76.0 million in 2020, then fell by 7.79% to $70.0 million in 2021, then spiked by 63.53% to $114.5 million in 2022, then fell by 1.31% to $113.0 million in 2023, then increased by 19.33% to $134.9 million in 2024.