01—History
Net Income History
Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.
- $1.66B
02—Ledger
Net Income, period by period
| Period | Scale | Value | Change | Source |
|---|---|---|---|---|
| FY2025 | $1.66B | +17.9% | 10-K | |
| FY2024 | $1.41B | +9.4% | 10-K | |
| FY2023 | $1.29B | +32.5% | 10-K | |
| FY2022 | $973.6M | −10.0% | 10-K | |
| FY2021 | $1.08B | +9.1% | 10-K | |
| FY2020 | $992.3M | +4.2% | 10-K | |
| FY2019 | $952.5M | +37.2% | 10-K | |
| FY2018 | $694.1M | −2.1% | 10-K | |
| FY2017 | $709.0M | +36.9% | 10-K | |
| FY2016 | $517.7M | +13.5% | 10-K | |
| FY2015 | $456.2M | +25.3% | 10-K | |
| FY2014 | $364.2M | −40.5% | 10-K | |
| FY2013 | $612.4M | +12.9% | 10-K | |
| FY2012 | $542.4M | +4.1% | 10-K | |
| FY2011 | $520.9M | −10.9% | 10-K | |
| FY2010 | $584.6M | −17.0% | 10-K | |
| FY2009 | $704.0M | −3.9% | 10-K | |
| FY2008 | $732.8M | −14.3% | 10-K | |
| FY2007 | $855.0M | — | 10-K |
03—Questions
What is net income?
Net income can be defined as the company's total earnings or profit. It is calculated as revenues minus all expenses including cost of goods sold, operating expenses, interest, and taxes.
What is GARMIN LTD's current net income?
GARMIN LTD (GRMN) annual net income for 2025 was $1.66B, a 17.89% increase from 2024. GARMIN LTD net income for the quarter ending March 28, 2026 was $405.1M.
What was GARMIN LTD's net income in 2024?
GARMIN LTD annual net income for 2024 was $1.41B, a 9.44% increase from 2023.
What was GARMIN LTD's net income in 2023?
GARMIN LTD annual net income for 2023 was $1.29B, a 32.46% increase from 2022.
What is GARMIN LTD's 5-year net income CAGR?
GARMIN LTD net income grew at a compound annual growth rate (CAGR) of 10.89% from FY2020 to FY2025, going from $992.3M to $1.66B over 5 years.
- Company
- GARMIN LTD
- Ticker
- GRMN
- Sector
- Other
- Industry
- Search, Detection, Navigation, Guidance, Aeronautical Sys