Garmin Income Statement (2009-2026) | GRMN

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Income Statement	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Apr2023	Jul2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025	Mar2026
Revenue & cost
Revenue (Quarter)	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	1,753.49M
Cost of Revenue (Quarter)	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	711.20M
Gross Profit (Quarter)	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	1,042.29M
Operating items
Research & Development (Quarter)	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	295.82M
Selling, General & Administrative (Quarter)	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	314.81M
Other Operating Expenses (Quarter)	42.94M	36.70M	61.12M	34.13M	43.36M	32.89M	-110.38M
Operating Expenses (Quarter)	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	610.62M
Operating Income (Quarter)	371.17M	282.67M	315.12M	228.56M	292.74M	239.37M	267.17M	196.98M	284.36M	270.37M	340.45M	298.41M	342.03M	437.48M	-933.80M	332.82M	472.30M	456.80M	614.15M	431.67M
EBIT (Quarter)	371.17M	282.67M	315.12M	228.56M	292.74M	239.37M	267.17M	196.98M	284.36M	270.37M	340.45M	298.41M	342.03M	437.48M	-933.80M	332.82M	472.30M	456.80M	614.15M	431.67M
Non-operating items
Non Operating Investment Income (Quarter)
Interest & Investment Income (Quarter)	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	35.97M
Other Non Operating Income (Quarter)	-7.33M	0.83M	1.35M	-3.51M	0.17M	-29.86M	3.86M	7.69M	2.06M	0.94M	-2.49M	1.32M	-0.51M	18.13M	-36.18M	24.76M	-23.51M	0.60M	6.52M	1.77M
Non Operating Income (Quarter)	0.89M	-7.28M	-15.34M	3.26M	0.17M	-19.11M	-89.03M	24.79M	2.06M	0.94M	0.25M	1.32M	23.95M	48.77M	0.06M	0.99M	-0.26M	53.02M	-115.49M	40.86M
Net income details
EBT (Quarter)	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	472.53M
Tax Provisions (Quarter)	55.06M	16.35M	71.43M	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	24.16M	67.45M
Profit After Tax (Quarter)	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	405.08M
Income from Continuing Operations (Quarter)	317.00M	259.04M	237.41M	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	611.23M	405.08M
Consolidated Net Income (Quarter)	317.00M	259.04M	237.41M	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	611.23M	405.08M
Income towards Parent Company (Quarter)	317.00M	259.04M	237.41M	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	611.23M	405.08M
Net Income towards Common Stockholders (Quarter)	317.00M	259.04M	237.41M	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	611.23M	405.08M
Additional items
EPS (Basic) (Quarter)	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	2.10
EPS (Weighted Average and Diluted) (Quarter)	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	2.09
Shares Outstanding (Weighted Average) (Quarter)	192.02M	192.32M	0.19M	192.89M	193.07M	192.88M	192.54M	191.50M	191.29M	191.44M	191.40M	191.89M	192.07M	192.20M	192.06M	192.54M	192.53M	192.51M	192.47M	192.67M
Shares Outstanding (Diluted Average) (Quarter)
EBITDA (Quarter)	371.17M	282.67M	315.12M	228.56M	292.74M	239.37M	267.17M	196.98M	284.36M	270.37M	340.45M	298.41M	342.03M	437.48M	-933.80M	332.82M	472.30M	456.80M	614.15M	431.67M
Tax Rate (Quarter)	14.80%	5.94%	23.13%	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%	3.80%	14.27%

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Garmin Income Statement (2009-2026) | GRMN

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Garmin Income Statement (2009-2026) | GRMN

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