01—History
R&D Expense History
Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.
- $1.13B
1 older move runs past ±20% (largest +29.3%); point at, tap or drag across the bars to read one.
02—Ledger
R&D Expense, period by period
| Period | Scale | Value | Change | Source |
|---|---|---|---|---|
| FY2025 | $1.13B | +13.3% | 10-K | |
| FY2024 | $993.6M | +9.8% | 10-K | |
| FY2023 | $904.7M | +8.4% | 10-K | |
| FY2022 | $834.9M | +7.2% | 10-K | |
| FY2021 | $778.8M | +19.4% | 10-K | |
| FY2020 | $652.3M | +7.8% | 10-K | |
| FY2019 | $605.4M | +6.6% | 10-K | |
| FY2018 | $567.8M | +11.0% | 10-K | |
| FY2017 | $511.6M | +9.3% | 10-K | |
| FY2016 | $468.0M | +9.6% | 10-K | |
| FY2015 | $427.0M | +8.1% | 10-K | |
| FY2014 | $395.1M | +8.3% | 10-K | |
| FY2013 | $364.9M | +12.0% | 10-K | |
| FY2012 | $325.8M | +9.1% | 10-K | |
| FY2011 | $298.6M | +7.7% | 10-K | |
| FY2010 | $277.3M | +16.3% | 10-K | |
| FY2009 | $238.4M | +15.7% | 10-K | |
| FY2008 | $206.1M | +29.3% | 10-K | |
| FY2007 | $159.4M | — | 10-K |
03—Questions
What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is GARMIN LTD's current r&d expense?
GARMIN LTD (GRMN) annual r&d expense for 2025 was $1.13B, a 13.35% increase from 2024. GARMIN LTD r&d expense for the quarter ending March 28, 2026 was $295.8M.
What was GARMIN LTD's r&d expense in 2024?
GARMIN LTD annual r&d expense for 2024 was $993.6M, a 9.83% increase from 2023.
What was GARMIN LTD's r&d expense in 2023?
GARMIN LTD annual r&d expense for 2023 was $904.7M, a 8.36% increase from 2022.
What is GARMIN LTD's 5-year r&d expense CAGR?
GARMIN LTD r&d expense grew at a compound annual growth rate (CAGR) of 11.54% from FY2020 to FY2025, going from $652.3M to $1.13B over 5 years.
- Company
- GARMIN LTD
- Ticker
- GRMN
- Sector
- Other
- Industry
- Search, Detection, Navigation, Guidance, Aeronautical Sys