Garmin Income Statement (2009-2025) | GRMN

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Income Statement	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Apr2023	Jul2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Revenue & cost
Revenue (Quarter)	1,072.33M	1,326.90M	1,191.97M	1,391.59M	1,172.66M	1,240.83M	1,140.43M	1,306.36M	1,147.42M	1,320.80M	1,277.53M	1,482.50M	1,381.65M	1,506.67M	1,586.02M	1,822.56M	1,535.10M	1,814.56M	1,770.90M	2,124.95M
Cost of Revenue (Quarter)	430.77M	546.05M	496.03M	619.48M	510.18M	512.01M	469.94M	561.38M	494.63M	561.35M	548.96M	618.35M	579.51M	643.78M	634.42M	742.64M	650.55M	747.55M	724.41M	866.70M
Gross Profit (Quarter)	641.56M	780.85M	695.95M	772.11M	662.48M	728.83M	670.50M	744.97M	652.79M	759.44M	728.57M	864.15M	802.14M	862.89M	951.60M	1,079.92M	884.54M	1,067.01M	1,046.49M	1,258.26M
Operating items
Research & Development (Quarter)	188.85M	186.02M	198.93M	204.95M	209.01M	201.52M	208.69M	215.71M	221.49M	224.39M	221.57M	237.25M	242.53M	243.15M	249.16M	258.75M	268.12M	276.66M	286.46M	294.98M
Selling, General & Administrative (Quarter)	171.99M	180.72M	177.65M	190.91M	190.78M	191.21M	189.55M	372.46M	234.33M	250.69M	236.63M	286.45M	261.19M	277.71M	264.96M	305.09M	283.60M	318.05M	303.22M	349.12M
Other Operating Expenses (Quarter)	31.06M	42.94M	36.70M	61.12M	34.13M	43.36M	32.89M	-110.38M
Operating Expenses (Quarter)	391.90M	409.68M	413.28M	456.99M	433.92M	436.09M	431.13M	477.80M	455.81M	475.09M	458.20M	523.70M	503.73M	520.86M	514.12M	563.84M	551.72M	594.72M	589.68M	644.11M
Operating Income (Quarter)	249.66M	371.17M	282.67M	315.12M	228.56M	292.74M	239.37M	267.17M	196.98M	284.36M	270.37M	-649.68M	298.41M	342.03M	437.48M	516.08M	332.82M	472.30M	456.80M	-1090.69M
EBIT (Quarter)	249.66M	371.17M	282.67M	315.12M	228.56M	292.74M	239.37M	267.17M	196.98M	284.36M	270.37M	-649.68M	298.41M	342.03M	437.48M	516.08M	332.82M	472.30M	456.80M	-1090.69M
Non-operating items
Non Operating Investment Income (Quarter)
Interest & Investment Income (Quarter)	7.65M	7.02M	6.90M	7.00M	7.55M	8.49M	10.47M	14.31M	15.90M	18.76M	19.80M	22.84M	25.03M	29.29M	28.83M	30.38M	30.51M	31.72M	32.09M	34.56M
Other Non Operating Income (Quarter)	-8.28M	-7.33M	-15.01M	-14.64M	-3.51M	-22.44M	0.28M	44.53M	1.20M	10.80M	-11.54M	19.49M	1.32M	-0.51M	18.13M	-36.18M	24.76M	-23.51M	0.60M	-13.73M
Non Operating Income (Quarter)	0.85M	0.89M	0.83M	-15.34M	7.31M	-13.77M	0.28M	-89.03M	1.20M	2.06M	0.94M	42.58M	28.63M	23.95M	1.81M	-92.86M	0.99M	-0.26M	0.60M	21.23M
Net income details
EBT (Quarter)	250.51M	372.06M	275.39M	308.84M	235.86M	278.97M	220.27M	329.88M	221.77M	315.98M	279.57M	383.04M	327.04M	365.97M	486.25M	516.14M	389.08M	480.25M	509.82M	635.39M
Tax Provisions (Quarter)	30.48M	55.06M	16.35M	-115.90M	24.27M	21.09M	9.42M	7.17M	19.45M	28.04M	22.33M	12.12M	51.08M	65.34M	87.14M	-102.22M	56.31M	79.43M	108.20M	-134.21M
Profit After Tax (Quarter)	220.03M	317.00M	259.04M	286.14M	211.59M	257.87M	210.85M	293.27M	202.33M	287.94M	257.24M	542.13M	275.96M	300.63M	399.11M	435.73M	332.77M	400.82M	401.62M	528.68M
Income from Continuing Operations (Quarter)	220.03M	317.00M	259.04M	424.74M	211.59M	257.87M	210.85M	322.71M	202.33M	287.94M	257.24M	370.92M	275.96M	300.63M	399.11M	618.35M	332.77M	400.82M	401.62M	769.59M
Consolidated Net Income (Quarter)	220.03M	317.00M	259.04M	424.74M	211.59M	257.87M	210.85M	322.71M	202.33M	287.94M	257.24M	370.92M	275.96M	300.63M	399.11M	618.35M	332.77M	400.82M	401.62M	769.59M
Income towards Parent Company (Quarter)	220.03M	317.00M	259.04M	424.74M	211.59M	257.87M	210.85M	322.71M	202.33M	287.94M	257.24M	370.92M	275.96M	300.63M	399.11M	618.35M	332.77M	400.82M	401.62M	769.59M
Net Income towards Common Stockholders (Quarter)	220.03M	317.00M	259.04M	424.74M	211.59M	257.87M	210.85M	322.71M	202.33M	287.94M	257.24M	370.92M	275.96M	300.63M	399.11M	618.35M	332.77M	400.82M	401.62M	769.59M
Additional items
EPS (Basic) (Quarter)	1.15	1.65	1.35	1.49	1.10	1.34	1.09	1.53	1.06	1.51	1.34	2.83	1.44	1.57	2.08	2.27	1.73	2.08	2.09	2.75
EPS (Weighted Average and Diluted) (Quarter)	1.14	1.64	1.34	1.48	1.09	1.33	1.09	1.52	1.05	1.50	1.34	2.81	1.43	1.56	2.07	2.24	1.72	2.07	2.08	2.72
Shares Outstanding (Weighted Average) (Quarter)	191.90M	192.02M	192.32M	0.19M	192.89M	193.07M	192.67M	192.54M	191.50M	191.29M	191.41M	191.40M	191.89M	191.98M	192.20M	192.06M	192.54M	192.52M	192.51M	192.47M
Shares Outstanding (Diluted Average) (Quarter)
EBITDA (Quarter)	249.66M	371.17M	282.67M	315.12M	228.56M	292.74M	239.37M	267.17M	196.98M	284.36M	270.37M	-649.68M	298.41M	342.03M	437.48M	516.08M	332.82M	472.30M	456.80M	-1090.69M
Tax Rate (Quarter)	12.17%	14.80%	5.94%	-37.53%	10.29%	7.56%	4.28%	2.17%	8.77%	8.87%	7.99%	3.16%	15.62%	17.85%	17.92%	-19.80%	14.47%	16.54%	21.22%	-21.12%

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Garmin Income Statement (2009-2025) | GRMN

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