Garmin GRMN Revenue Breakdown

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As of: Sep 15, 2026 · 3:59 PM EDT
Annual revenue breakdowns for Garmin Ltd, fiscal 2009 to 2025, as reported in its filings.
Annual history

Garmin Ltd Revenue by Segment

Years FY 2009–2025
Lines 5
FY 2025 Total $7.25B

Fitness was the largest of Garmin Ltd’s 5 reported lines in fiscal 2025, at $2.36B — 33% of $7.25B.

Garmin Ltd revenue by segment, fiscal 2009 to 2025
Segment FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Outdoor $1.77B $1.70B $1.96B $2.05B
Fitness $1.11B $1.34B $1.77B $2.36B
Aviation $792.80M $846.33M $876.61M $987.16M
Marine $903.98M $916.91M $1.07B $1.18B
Auto Oem $283.81M $423.22M $610.62M $664.68M
Total $4.86B $5.23B $6.30B $7.25B
Totals include 2 discontinued lines from earlier reporting.

Garmin Ltd revenue by segment: what the figures show

In fiscal 2025, which ended December 27, 2025, the 5 segments Garmin Ltd reported in this breakdown added up to $7.25B. That was up 15.1% from $6.30B in fiscal 2024. Fitness was the largest segment, at $2.36B or 32.5% of the total, followed by Outdoor ($2.05B, 28.3%) and Marine ($1.18B, 16.3%). Together, the two largest segments made up 60.9% of this total.

Compared with fiscal 2024, Fitness grew the fastest, rising 32.8% to $2.36B. Every sizeable segment reported in both years grew. Over fiscal 2022 to 2025, revenue across these segments went from $4.86B to $7.25B, a compound annual growth rate of 14.2%. Fitness' share of the total rose from 22.8% to 32.5% over the same years.

The table also keeps 2 segments that Garmin Ltd no longer reports, so earlier years can still be read on their original basis; use "Show 2 discontinued" beneath the table to see them. This breakdown covers 16 fiscal years between 2009 and 2025, as reported in Garmin Ltd's annual filings.

Annual history

Garmin Ltd Revenue by Timing of Transfer of Good or Service

Years FY 2017–2025
Lines 2
FY 2025 Total $7.25B

Point In Time was the largest of Garmin Ltd’s 2 reported lines in fiscal 2025, at $6.91B — 95% of $7.25B.

Garmin Ltd revenue by timing of transfer of good or service, fiscal 2017 to 2025
Timing of Transfer of Good or Service FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Point In Time $4.60B $4.94B $5.97B $6.91B
Over Time $257.65M $289.77M $328.78M $334.63M
Total $4.86B $5.23B $6.30B $7.25B

Garmin Ltd revenue by timing of transfer of good or service: what the figures show

In fiscal 2025, which ended December 27, 2025, the 2 revenue lines Garmin Ltd reported in this breakdown added up to $7.25B. That was up 15.1% from $6.30B in fiscal 2024. Point In Time was the largest revenue line, at $6.91B or 95.4% of the total, followed by Over Time ($334.63M, 4.6%).

Compared with fiscal 2024, Point In Time grew the fastest, rising 15.8% to $6.91B. Over fiscal 2022 to 2025, revenue across these revenue lines went from $4.86B to $7.25B, a compound annual growth rate of 14.2%. Point In Time's share of the total rose from 94.7% to 95.4% over the same years.

This breakdown covers every fiscal year from 2017 to 2025, as reported in Garmin Ltd's annual filings.

Annual history

Garmin Ltd Revenue by Disclosure of profit or loss, total assets for each reportable region, and a description of the types of products and services for each reportable region.

Years FY 2009–2012
Lines 3
FY 2012 Total $2.72B

Americas was the largest of Garmin Ltd’s 3 reported lines in fiscal 2012, at $1.51B — 56% of $2.72B.

Garmin Ltd revenue by disclosure of profit or loss, total assets for each reportable region, and a description of the types of products and services for each reportable region., fiscal 2009 to 2012
Disclosure of profit or loss, total assets for each reportable region, and a description of the types of products and services for each reportable region. FY 2009 FY 2010 FY 2011 FY 2012
Americas $1.97B $1.65B $1.53B $1.51B
Europe, Middle East & Africa $822.84M $983.00M $945.34M
Asia Pacific $220.48M $248.06M $256.88M
Total $2.95B $2.69B $2.76B $2.72B
Totals include 2 discontinued lines from earlier reporting.

Garmin Ltd revenue by disclosure of profit or loss, total assets for each reportable region, and a description of the types of products and services for each reportable region.: what the figures show

In fiscal 2012, which ended December 29, 2012, the 3 regions Garmin Ltd reported in this breakdown added up to $2.72B. That was down 1.6% from $2.76B in fiscal 2011. Americas was the largest region, at $1.51B or 55.7% of the total, followed by Europe, Middle East & Africa ($945.34M, 34.8%) and Asia Pacific ($256.88M, 9.5%). Together, the two largest regions made up 90.5% of this total.

Compared with fiscal 2011, Asia Pacific grew the fastest, rising 3.6% to $256.88M. Europe, Middle East & Africa fell the most, down 3.8% to $945.34M.

Europe, Middle East & Africa (fiscal 2010) and Asia Pacific (fiscal 2010) were first reported as separate regions during this period. The table also keeps 2 regions that Garmin Ltd no longer reports, so earlier years can still be read on their original basis; use "Show 2 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2009 to 2012, as reported in Garmin Ltd's annual filings.

Questions

Garmin Ltd Revenue Breakdown FAQ

How does Garmin Ltd make money?

Garmin Ltd (GRMN) breaks its revenue down by segment, revenue line and region. In fiscal 2025, its largest segment was Fitness, with $2.36B or 32.5% of the total, followed by Outdoor at $2.05B (28.3%).

What is Garmin Ltd's largest segment?

Fitness was Garmin Ltd's largest segment in fiscal 2025, with $2.36B in revenue, 32.5% of the $7.25B reported across its 5 segments.

What is Garmin Ltd's largest revenue line?

Point In Time was Garmin Ltd's largest revenue line in fiscal 2025, with $6.91B in revenue, 95.4% of the $7.25B reported across its 2 revenue lines.

What is Garmin Ltd's largest region?

Americas was Garmin Ltd's largest region in fiscal 2012, with $1.51B in revenue, 55.7% of the $2.72B reported across its 3 regions.

Which Garmin Ltd segment is growing the fastest?

Of the Garmin Ltd segments reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Fitness grew the fastest, rising 32.8% from $1.77B to $2.36B.

Where does this revenue breakdown data come from?

Every figure is taken from Garmin Ltd's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.

How far back does Garmin Ltd's revenue breakdown go?

The breakdown by segment covers fiscal 2009 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.