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Garmin Ltd (GRMN) Annual Income Statement

Annual · GAAP · USD millions
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Income statement data covering Garmin Ltd–Dec 25 2021 offers a view into how Dec 27 2025's operating results have moved alongside business activity.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 27 2025)
2025 		(Dec 28 2024) (Dec 30 2023) (Dec 31 2022) (Dec 25 2021)
Revenues
Revenue From Contract With Customer Excluding Assessed Tax7,245.52
Total Revenue7,245.30
Costs & Expenses
Cost of Goods and Services Sold2,989.00
Gross Profit4,256.30
Selling, Administration, Marketing1,254.00
Research and Development Expense1,126.23
Other exp. /-income0.00
Total operating costs including COS5,369.23
Operating income / -loss1,876.08
Interest Income-128.87
Net Interest Expense / -Income-128.87
Foreign Currency Transaction Gain (Loss), before Tax-7.85
Other loss/ -income-1.74
Total costs & expenses5,230.77
Income & Taxes
Income / -loss before income taxes2,014.54
Income taxes expenses / -benefit433.19
Income after income taxes1,663.89
Net income / -loss of other equity82.55
Income / -loss from continuing operations1,663.89
Net income / -loss1,663.89
Income / -loss to shareholder1,663.89
EBIT1,885.66
EBITD2,038.27
EBITDA2,074.42
Earnings Per Share
Basic EPS (excl. extra items)8.65
Basic Net EPS8.65
Basic shares outstanding (Mill. of Units)192.47
Diluted Net EPS8.59
Diluted average shares (Mill. of Units)193.62
Dividend per share3.43
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About Garmin Ltd Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: February 18, 2026
  • Original filing: grmn-20251227.htm

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.