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Garmin (GRMN) Operating Margin (2017 - 2025)

Historic Operating Margin for Garmin (GRMN) over the last 16 years, with Q3 2025 value amounting to 25.79%.

  • Garmin's Operating Margin fell 17900.0% to 25.79% in Q3 2025 from the same period last year, while for Sep 2025 it was 25.61%, marking a year-over-year increase of 18000.0%. This contributed to the annual value of 25.31% for FY2024, which is 44200.0% up from last year.
  • Latest data reveals that Garmin reported Operating Margin of 25.79% as of Q3 2025, which was down 17900.0% from 26.03% recorded in Q2 2025.
  • Garmin's 5-year Operating Margin high stood at 28.32% for Q4 2024, and its period low was 17.17% during Q2 2023.
  • Moreover, its 5-year median value for Operating Margin was 22.7% (2024), whereas its average is 23.09%.
  • Per our database at Business Quant, Garmin's Operating Margin crashed by -48700bps in 2021 and then surged by 64200bps in 2024.
  • Garmin's Operating Margin (Quarter) stood at 22.64% in 2021, then dropped by -10bps to 20.45% in 2022, then grew by 12bps to 22.96% in 2023, then grew by 23bps to 28.32% in 2024, then dropped by -9bps to 25.79% in 2025.
  • Its Operating Margin was 25.79% in Q3 2025, compared to 26.03% in Q2 2025 and 21.68% in Q1 2025.