The table below shows GARMIN LTD's income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$7.25B
$6.30B
$5.23B
$4.86B
$4.98B
$4.19B
Cost of revenue
$2.99B
$2.60B
$2.22B
$2.05B
$2.09B
$1.71B
Gross profit
$4.26B
$3.70B
$3.00B
$2.81B
$2.89B
$2.48B
R&D
$1.13B
$993.60M
$904.70M
$834.93M
$778.75M
$652.34M
GRMN annual revenue (10-K history)
GARMIN LTD reported annual revenue of $7.25B for fiscal year 2025. That is up 15.1% from $6.30B in fiscal 2024. Over the 10 fiscal years shown, annual revenue grew from $3.02B (FY 2016) to $7.25B. Figures come from the company's audited annual reports as filed with the SEC.
