Garmin GRMN Revenue Breakdown

NYSE GRMN
$293.96 +5.30 (+1.84%)
As of: Nov 11, 2026 · 3:59 PM EST
Annual revenue breakdowns for Garmin, fiscal 2009 to 2025, as reported in its filings.
Annual history

Garmin Revenue by Segment

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

Fitness was Garmin’s largest segment in fiscal 2025, bringing in $2.36B of $7.25B (33%).

Garmin revenue by segment, fiscal 2009 to 2025
Segment FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2016 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 revenue by segment: what the figures show

Garmin brought in $7.25B from its five segments in fiscal 2025, the year ended December 27, 2025. That was up 15.1% from $6.30B in fiscal 2024. Fitness was the largest at $2.36B (32.5%), ahead of Outdoor at $2.05B (28.3%) and Marine at $1.18B (16.3%). The other two segments brought in $1.65B combined.

Compared with fiscal 2024, Fitness grew fastest, up 32.8% to $2.36B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew 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%.

Annual history

Garmin Revenue by Timing of Transfer of Good or Service

Years FY 2016–2025
Lines 2
FY 2025 Total $7.25B

Point In Time was Garmin’s largest revenue line in fiscal 2025, bringing in $6.91B of $7.25B (95%).

Garmin revenue by timing of transfer of good or service, fiscal 2016 to 2025
Timing of Transfer of Good or Service FY 2016 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 revenue by timing of transfer of good or service: what the figures show

Garmin brought in $7.25B from its two revenue lines in fiscal 2025, the year ended December 27, 2025. That was up 15.1% from $6.30B in fiscal 2024. Point In Time was the largest at $6.91B (95.4%), ahead of Over Time at $334.63M (4.6%).

Compared with fiscal 2024, Point In Time grew 15.8% to $6.91B and Over Time grew 1.8% to $334.63M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew 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%.

Annual history

Garmin Revenue by Initial Application Period Cumulative Effect Transition

Years FY 2016–2017
Lines 2
FY 2017 Total $3.12B

Calculated Under Revenue Guidance In Effect Before Topic 606 was Garmin’s largest revenue line in fiscal 2017, bringing in $3.09B of $3.12B (99%).

Garmin revenue by initial application period cumulative effect transition, fiscal 2016 to 2017
Initial Application Period Cumulative Effect Transition FY 2016 FY 2017
Calculated Under Revenue Guidance In Effect Before Topic 606 $3.02B $3.09B
Difference Between Revenue Guidance In Effect Before & After Topic 606 $27.13M $34.56M
Total $3.05B $3.12B

Garmin revenue by initial application period cumulative effect transition: what the figures show

Garmin brought in $3.12B from its two revenue lines in fiscal 2017, the year ended December 30, 2017. That was up 2.5% from $3.05B in fiscal 2016. Calculated Under Revenue Guidance In Effect Before Topic 606 was the largest at $3.09B (98.9%), ahead of Difference Between Revenue Guidance In Effect Before & After Topic 606 at $34.56M (1.1%).

Questions

Garmin Revenue Breakdown FAQ

How does Garmin make money?

Garmin (GRMN) reports its revenue by segment, by timing of transfer of good or service and by initial application period cumulative effect transition. In fiscal 2025, Fitness was its largest segment, bringing in $2.36B (32.5% of the total), followed by Outdoor at $2.05B (28.3%).

What is Garmin's largest segment?

Fitness was Garmin's largest segment in fiscal 2025, bringing in $2.36B, or 32.5% of the $7.25B total across its five segments.

What is Garmin's largest revenue line?

Point In Time was Garmin's largest revenue line in fiscal 2025, bringing in $6.91B, or 95.4% of the $7.25B total across its two revenue lines.

Which Garmin segment is growing the fastest?

Among Garmin's segments that make up at least 2% of revenue, Fitness grew fastest in fiscal 2025, up 32.8% from $1.77B to $2.36B.

Where does this revenue breakdown data come from?

Every figure comes from Garmin's annual financial filings, as reported. Each line keeps the name Garmin gives it, and years follow its fiscal calendar.

How far back does Garmin's revenue breakdown go?

Garmin's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.