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GARMIN LTD SG&A Expense 2007-2026 | GRMN

Annual FY2007–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$1.25B

+13.1%YoY vs FY2024Source: 10-KFY2025

From $189.6M in FY2007 to $1.25B in FY2025: 6.6× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$315M+11.0%Not reportedNot reportedNot reported
FY25$284M+8.6%$318M+14.5%$303M+14.4%$349M+14.4%
FY24$261M+11.5%$278M$265M+12.0%$305M
FY23$234M+22.8%Not reported$237M+24.8%Not reported
FY22$191M+10.9%$191M+5.8%$190M+6.7%$372M+95.1%
Share23%24%23%30%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+15.0%

FY2020
$623.6M
FY2025
$1.25B

5 years selected · on the chart

SG&A Expense History

Year-over-year comparison from 10-K annual reports

  1. $1.25B
YoY changeLargest recent move+30.9%in FY22Latest +13.1%

SG&A Expense, period by period

PeriodValueChangeSource
FY2025$1.25B+13.1%10-K
FY2024$1.11B+10.0%10-K
FY2023$1.01B+6.8%10-K
FY2022$944.0M+30.9%10-K
FY2021$721.3M+15.7%10-K
FY2020$623.6M+20.3%10-K
FY2019$518.6M+8.4%10-K
FY2018$478.2M+9.2%10-K
FY2017$438.0M+6.7%10-K
FY2016$410.6M+4.0%10-K
FY2015$394.9M+6.2%10-K
FY2014$372.0M+4.7%10-K
FY2013$355.4M−3.9%10-K
FY2012$369.8M+8.4%10-K
FY2011$341.2M+18.6%10-K
FY2010$287.8M+8.9%10-K
FY2009$264.2M−4.7%10-K
FY2008$277.2M+46.2%10-K
FY2007$189.6M—10-K

What is sg&a expense?

Selling, general, and administrative expenses include all non-production costs such as marketing, corporate overhead, and management salaries.

What is GARMIN LTD's current sg&a expense?

GARMIN LTD (GRMN) annual sg&a expense for 2025 was $1.25B, a 13.08% increase from 2024. GARMIN LTD sg&a expense for the quarter ending March 28, 2026 was $314.8M.

What was GARMIN LTD's sg&a expense in 2024?

GARMIN LTD annual sg&a expense for 2024 was $1.11B, a 10.01% increase from 2023.

What was GARMIN LTD's sg&a expense in 2023?

GARMIN LTD annual sg&a expense for 2023 was $1.01B, a 6.79% increase from 2022.

What is GARMIN LTD's 5-year sg&a expense CAGR?

GARMIN LTD sg&a expense grew at a compound annual growth rate (CAGR) of 15.00% from FY2020 to FY2025, going from $623.6M to $1.25B over 5 years.

Company
GARMIN LTD
Ticker
GRMN
Sector
Other
Industry
Search, Detection, Navigation, Guidance, Aeronautical Sys