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Garmin (GRMN) Research & Development: 2009-2025

Historic Research & Development for Garmin (GRMN) over the last 14 years, with Sep 2025 value amounting to $286.5 million.

  • Garmin's Research & Development rose 14.97% to $286.5 million in Q3 2025 from the same period last year, while for Sep 2025 it was $1.1 billion, marking a year-over-year increase of 12.13%. This contributed to the annual value of $993.6 million for FY2024, which is 9.83% up from last year.
  • According to the latest figures from Q3 2025, Garmin's Research & Development is $286.5 million, which was up 3.54% from $276.7 million recorded in Q2 2025.
  • In the past 5 years, Garmin's Research & Development registered a high of $286.5 million during Q3 2025, and its lowest value of $186.0 million during Q2 2021.
  • Moreover, its 3-year median value for Research & Development was $243.2 million (2024), whereas its average is $248.1 million.
  • Data for Garmin's Research & Development shows a peak YoY spiked of 40.06% (in 2021) over the last 5 years.
  • Garmin's Research & Development (Quarterly) stood at $205.0 million in 2021, then climbed by 5.25% to $215.7 million in 2022, then grew by 9.98% to $237.2 million in 2023, then increased by 9.07% to $258.8 million in 2024, then grew by 14.97% to $286.5 million in 2025.
  • Its Research & Development stands at $286.5 million for Q3 2025, versus $276.7 million for Q2 2025 and $268.1 million for Q1 2025.