Garmin (GRMN) Operating Margin (2009 - 2026)

Garmin (GRMN) has 17 years of Operating Margin data on file, last reported at 24.62% in Q1 2026.

• Quarterly Operating Margin rose 294.0% year-over-year to 24.62% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.46% (up 2369.0% YoY) and the FY2025 annual result came in at 25.89%, up 2360.0% from the prior year.
• Operating Margin eased to 24.62% in Q1 2026 per GRMN's latest filing, from 28.9% in the prior quarter.
• The five-year high for Operating Margin was 28.9% in Q4 2025, with the low at 51.24% in Q4 2024.
• Average Operating Margin over 5 years is 18.53%, with a median of 21.68% recorded in 2025.
• Year-over-year, Operating Margin slumped 7420 bps in 2024 and soared 8014 bps in 2025.
• Garmin's Operating Margin stood at 20.45% in 2022, then grew by 12 bps to 22.96% in 2023, then sank by 323 bps to 51.24% in 2024, then surged by 156 bps to 28.9% in 2025, then fell by 15 bps to 24.62% in 2026.
• Business Quant data shows GRMN's Operating Margin at 24.62% in Q1 2026, 28.9% in Q4 2025, and 25.79% in Q3 2025.