01—History
Operating 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.
- $1.88B
02—Ledger
Operating Income, period by period
| Period | Scale | Value | Change | Source |
|---|---|---|---|---|
| FY2025 | $1.88B | +17.7% | 10-K | |
| FY2024 | $1.59B | +45.9% | 10-K | |
| FY2023 | $1.09B | +6.3% | 10-K | |
| FY2022 | $1.03B | −15.7% | 10-K | |
| FY2021 | $1.22B | +15.6% | 10-K | |
| FY2020 | $1.05B | +11.5% | 10-K | |
| FY2019 | $945.6M | +21.5% | 10-K | |
| FY2018 | $778.3M | +13.9% | 10-K | |
| FY2017 | $683.6M | +8.0% | 10-K | |
| FY2016 | $632.9M | +15.2% | 10-K | |
| FY2015 | $549.6M | −20.4% | 10-K | |
| FY2014 | $690.6M | +20.3% | 10-K | |
| FY2013 | $574.0M | −5.0% | 10-K | |
| FY2012 | $604.2M | +9.1% | 10-K | |
| FY2011 | $553.8M | −13.0% | 10-K | |
| FY2010 | $636.7M | −19.0% | 10-K | |
| FY2009 | $786.0M | −8.8% | 10-K | |
| FY2008 | $862.0M | −5.0% | 10-K | |
| FY2007 | $907.4M | — | 10-K |
03—Questions
What is operating income?
Operating income can be defined as profit from core business operations, calculated as gross profit minus operating expenses, before interest and taxes.
What is GARMIN LTD's current operating income?
GARMIN LTD (GRMN) annual operating income for 2025 was $1.88B, a 17.70% increase from 2024. GARMIN LTD operating income for the quarter ending March 28, 2026 was $431.7M.
What was GARMIN LTD's operating income in 2024?
GARMIN LTD annual operating income for 2024 was $1.59B, a 45.95% increase from 2023.
What was GARMIN LTD's operating income in 2023?
GARMIN LTD annual operating income for 2023 was $1.09B, a 6.26% increase from 2022.
What is GARMIN LTD's 5-year operating income CAGR?
GARMIN LTD operating income grew at a compound annual growth rate (CAGR) of 12.22% from FY2020 to FY2025, going from $1.05B to $1.88B over 5 years.
- Company
- GARMIN LTD
- Ticker
- GRMN
- Sector
- Other
- Industry
- Search, Detection, Navigation, Guidance, Aeronautical Sys