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Garmin (GRMN) Research & Development: 2009-2024

Historic Research & Development for Garmin (GRMN) over the last 14 years, with Dec 2024 value amounting to $993.6 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 FY2024, Garmin's Research & Development is $993.6 million, which was up 9.83% from $904.7 million recorded in FY2023.
  • Garmin's 5-year Research & Development high stood at $993.6 million for FY2024, and its period low was $652.3 million during FY2020.
  • Its 3-year average for Research & Development is $911.1 million, with a median of $904.7 million in 2023.
  • Data for Garmin's Research & Development shows a peak YoY climbed of 19.38% (in 2021) over the last 5 years.
  • Garmin's Research & Development (Yearly) stood at $652.3 million in 2020, then grew by 19.38% to $778.8 million in 2021, then grew by 7.21% to $834.9 million in 2022, then grew by 8.36% to $904.7 million in 2023, then increased by 9.83% to $993.6 million in 2024.