Garmin Gross Profit 2010-2024 | GRMN

Garmin annual/quarterly gross profit history and growth rate from 2010 to 2024. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services.
  • Garmin gross profit for the quarter ending March 31, 2024 was $0.802B, a 22.88% increase year-over-year.
  • Garmin gross profit for the twelve months ending March 31, 2024 was $3.154B, a 12.77% increase year-over-year.
  • Garmin annual gross profit for 2023 was $3.005B, a 7.06% increase from 2022.
  • Garmin annual gross profit for 2022 was $2.807B, a 2.9% decline from 2021.
  • Garmin annual gross profit for 2021 was $2.89B, a 16.49% increase from 2020.
Garmin Annual Gross Profit
(Millions of US $)
2023 $3,005
2022 $2,807
2021 $2,890
2020 $2,481
2019 $2,234
2018 $1,980
2017 $1,798
2016 $1,689
2015 $1,539
2014 $1,604
2013 $1,407
2012 $1,438
2011 $1,339
2010 $1,346
2009 $1,444
Garmin Quarterly Gross Profit
(Millions of US $)
2024-03-31 $802
2023-12-31 $864
2023-09-30 $729
2023-06-30 $759
2023-03-31 $653
2022-12-31 $745
2022-09-30 $670
2022-06-30 $729
2022-03-31 $662
2021-12-31 $772
2021-09-30 $696
2021-06-30 $781
2021-03-31 $642
2020-12-31 $791
2020-09-30 $668
2020-06-30 $515
2020-03-31 $507
2019-12-31 $639
2019-09-30 $567
2019-06-30 $575
2019-03-31 $452
2018-12-31 $549
2018-09-30 $481
2018-06-30 $523
2018-03-31 $427
2017-12-31 $503
2017-09-30 $438
2017-06-30 $484
2017-03-31 $373
2016-12-31 $480
2016-09-30 $406
2016-06-30 $463
2016-03-31 $340
2015-12-31 $413
2015-09-30 $362
2015-06-30 $419
2015-03-31 $344
2014-12-31 $431
2014-09-30 $398
2014-06-30 $444
2014-03-31 $331
2013-12-31 $395
2013-09-30 $353
2013-06-30 $384
2013-03-31 $276
2012-12-31 $374
2012-09-30 $359
2012-06-30 $422
2012-03-31 $284
2011-12-31 $434
2011-09-30 $344
2011-06-30 $322
2011-03-31 $238
2010-12-31 $380
2010-09-30 $344
2010-06-30 $392
2010-03-31 $231
2009-12-31 $487
2009-09-30 $410
2009-06-30 $352
2009-03-31 $196
Sector Industry Market Cap Revenue
Computer and Technology Electrical Products - Miscellaneous $32.667B $5.228B
Garmin, Ltd. is an original equipment manufacturer of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology. The company's diverse portfolio of handheld, portable and fixed-mount GPS-enabled devices provides geographical location and navigation data using the GPS satellite system. The company reports operations under five segments: Outdoor, Fitness, Marine, Auto and Aviation.
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