01—History
Total Operating Expenses History
Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.
- $2.38B
1 older move runs past ±20% (largest +24.4%); point at, tap or drag across the bars to read one.
02—Ledger
Total Operating Expenses, period by period
| Period | Scale | Value | Change | Source |
|---|---|---|---|---|
| FY2025 | $2.38B | +13.2% | 10-K | |
| FY2024 | $2.10B | +9.9% | 10-K | |
| FY2023 | $1.91B | +7.5% | 10-K | |
| FY2022 | $1.78B | +6.4% | 10-K | |
| FY2021 | $1.67B | +17.1% | 10-K | |
| FY2020 | $1.43B | +10.8% | 10-K | |
| FY2019 | $1.29B | +7.2% | 10-K | |
| FY2018 | $1.20B | +7.8% | 10-K | |
| FY2017 | $1.11B | +5.6% | 10-K | |
| FY2016 | $1.06B | +6.7% | 10-K | |
| FY2015 | $989.1M | +8.2% | 10-K | |
| FY2014 | $913.8M | +9.7% | 10-K | |
| FY2013 | $833.3M | −0.1% | 10-K | |
| FY2012 | $834.3M | +6.3% | 10-K | |
| FY2011 | $784.8M | +10.6% | 10-K | |
| FY2010 | $709.7M | +7.8% | 10-K | |
| FY2009 | $658.1M | −4.8% | 10-K | |
| FY2008 | $691.5M | +24.4% | 10-K | |
| FY2007 | $555.9M | — | 10-K |
03—Questions
What is total operating expenses?
Total operating expenses include all costs related to running the core business, including cost of goods sold, R&D, and SG&A.
What is GARMIN LTD's current total operating expenses?
GARMIN LTD (GRMN) annual total operating expenses for 2025 was $2.38B, a 13.21% increase from 2024. GARMIN LTD total operating expenses for the quarter ending March 28, 2026 was $610.6M.
What was GARMIN LTD's total operating expenses in 2024?
GARMIN LTD annual total operating expenses for 2024 was $2.10B, a 9.92% increase from 2023.
What was GARMIN LTD's total operating expenses in 2023?
GARMIN LTD annual total operating expenses for 2023 was $1.91B, a 7.53% increase from 2022.
What is GARMIN LTD's 5-year total operating expenses CAGR?
GARMIN LTD total operating expenses grew at a compound annual growth rate (CAGR) of 10.77% from FY2020 to FY2025, going from $1.43B to $2.38B over 5 years.
- Company
- GARMIN LTD
- Ticker
- GRMN
- Sector
- Other
- Industry
- Search, Detection, Navigation, Guidance, Aeronautical Sys