Garmin (NYSE: GRMN) net income
Garmin reported a net profit of $1,664m for fiscal 2025, 17.9% more than in fiscal 2024 ($1,411m). Its net margin was 23.0%. Earnings per share were $8.65.
Net income by fiscal year
| Fiscal year | Net income | Change | Net margin | Earnings per share |
|---|---|---|---|---|
| 2025 | $1,664m | +17.9% | 23.0% | $8.65 |
| 2024 | $1,411m | +9.4% | 22.4% | $7.35 |
| 2023 | $1,290m | +32.5% | 24.7% | $6.74 |
| 2022 | $973.6m | −10.0% | 20.0% | $5.06 |
| 2021 | $1,082m | +9.1% | 21.7% | $5.63 |
| 2020 | $992.3m | +4.2% | 23.7% | $5.19 |
| 2019 | $952.5m | +37.2% | 25.3% | $5.01 |
| 2018 | $694.1m | −2.1% | 20.7% | $3.68 |
| 2017 | $709.0m | +36.9% | 22.7% | $3.70 |
| 2016 | $517.7m | — | 17.0% | $2.71 |
The change compares each fiscal year with the one before and is not calculated when the previous year closed with a loss. Net margin is net income over revenue from the same filing. Figures are in millions of US dollars, except per-share amounts.
Questions about the net income of Garmin
- How much did Garmin earn in fiscal 2025?
- Garmin reported a net profit of $1,664m for fiscal 2025. In fiscal 2024 it reported a net profit of $1,411m.
- What are the earnings per share of Garmin?
- They were $8.65 in fiscal 2025, compared with $7.35 in fiscal 2024.
- What is the net margin of Garmin?
- In fiscal 2025 its net profit was 23.0% of its revenue.
- What was the most profitable year for Garmin?
- Of its last 10 fiscal years, fiscal 2025, with $1,664m.
- Where do the figures for Garmin come from?
- From the annual report (Form 10-K) that Garmin files with the SEC, the US securities regulator. Each fiscal year links to its filing.
Where each figure comes from
From the annual report (Form 10-K) that Garmin files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. More on Garmin: the Garmin page · annual accounts · revenue · dividends paid · insider transactions.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.