Garmin Ltd (GRMN) stock
GRMNNYSESearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends December 26
Financials through Q3 FY2026, quarter ended Sep 26, 2026Last filing: 10-Q on Oct 28, 2026Score 22/3011% above fair value
$286.18−7.75 (-2.64%)
Close on Nov 12, 2026Market cap $55.15BP/E 27.5Yield –
Garmin operating margin
Operating margin is operating income as a percentage of revenue.
Garmin's operating margin for the twelve months ending Sep 26, 2026 was 28.8%. For fiscal 2025 it was 25.9%, against 25.3% the year before. The highest annual figure on record is 28.5% in fiscal 2007.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 27, 2025 | 25.9% | +0.6 |
| FY2024 | Dec 28, 2024 | 25.3% | +4.4 |
| FY2023 | Dec 30, 2023 | 20.9% | −0.3 |
| FY2022 | Dec 31, 2022 | 21.1% | −3.3 |
| FY2021 | Dec 25, 2021 | 24.5% | −0.7 |
| FY2020 | Dec 26, 2020 | 25.2% | +0.0 |
| FY2019 | Dec 28, 2019 | 25.2% | +1.9 |
| FY2018 | Dec 29, 2018 | 23.3% | +1.4 |
| FY2017 | Dec 30, 2017 | 21.9% | +1.1 |
| FY2016 | Dec 31, 2016 | 20.8% | +1.3 |
| FY2015 | Dec 26, 2015 | 19.5% | −4.6 |
| FY2014 | Dec 27, 2014 | 24.1% | +2.2 |
| FY2013 | Dec 28, 2013 | 21.8% | −0.4 |
| FY2012 | Dec 29, 2012 | 22.2% | +2.2 |
| FY2011 | Dec 31, 2011 | 20.1% | −3.6 |
| FY2010 | Dec 25, 2010 | 23.7% | −3.0 |
| FY2009 | Dec 26, 2009 | 26.7% | +2.0 |
| FY2008 | Dec 27, 2008 | 24.7% | −3.9 |
| FY2007 | Dec 29, 2007 | 28.5% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 26, 2026 | 30.8% | +5.0 |
| Q2 FY2026 | Jun 27, 2026 | 30.4% | +4.4 |
| Q1 FY2026 | Mar 28, 2026 | 24.6% | +2.9 |
| Q4 FY2025 | Dec 27, 2025 | 28.9% | +0.6 |
| Q3 FY2025 | Sep 27, 2025 | 25.8% | −1.8 |
| Q2 FY2025 | Jun 28, 2025 | 26.0% | +3.3 |
| Q1 FY2025 | Mar 29, 2025 | 21.7% | +0.1 |
| Q4 FY2024 | Dec 28, 2024 | 28.3% | +5.4 |
| Q3 FY2024 | Sep 28, 2024 | 27.6% | +6.4 |
| Q2 FY2024 | Jun 29, 2024 | 22.7% | +1.2 |
| Q1 FY2024 | Mar 30, 2024 | 21.6% | +4.4 |
| Q4 FY2023 | Dec 30, 2023 | 23.0% | +2.5 |
| Q3 FY2023 | Sep 30, 2023 | 21.2% | +0.2 |
| Q2 FY2023 | Jul 1, 2023 | 21.5% | −2.1 |
| Q1 FY2023 | Apr 1, 2023 | 17.2% | −2.3 |
| Q4 FY2022 | Dec 31, 2022 | 20.5% | −2.2 |
| Q3 FY2022 | Sep 24, 2022 | 21.0% | −2.7 |
| Q2 FY2022 | Jun 25, 2022 | 23.6% | −4.4 |
| Q1 FY2022 | Mar 26, 2022 | 19.5% | −3.8 |
| Q4 FY2021 | Dec 25, 2021 | 22.6% | −4.8 |
| Q3 FY2021 | Sep 25, 2021 | 23.7% | −4.9 |
| Q2 FY2021 | Jun 26, 2021 | 28.0% | +6.3 |
| Q1 FY2021 | Mar 27, 2021 | 23.3% | +2.6 |
| Q4 FY2020 | Dec 26, 2020 | 27.5% | +2.4 |
| Q3 FY2020 | Sep 26, 2020 | 28.6% | +0.6 |
| Q2 FY2020 | Jun 27, 2020 | 21.7% | −5.2 |
| Q1 FY2020 | Mar 28, 2020 | 20.7% | +1.0 |
| Q4 FY2019 | Dec 28, 2019 | 25.1% | +1.2 |
| Q3 FY2019 | Sep 28, 2019 | 28.0% | +3.8 |
| Q2 FY2019 | Jun 29, 2019 | 26.8% | +2.5 |
| Q1 FY2019 | Mar 30, 2019 | 19.8% | −0.2 |
| Q4 FY2018 | Dec 29, 2018 | 23.9% | +3.5 |
| Q3 FY2018 | Sep 29, 2018 | 24.2% | +1.1 |
| Q2 FY2018 | Jun 30, 2018 | 24.3% | −0.9 |
| Q1 FY2018 | Mar 31, 2018 | 20.0% | +1.8 |
| Q4 FY2017 | Dec 30, 2017 | 20.4% | +0.8 |
| Q3 FY2017 | Sep 30, 2017 | 23.1% | – |
| Q2 FY2017 | Jul 1, 2017 | 25.2% | – |
| Q1 FY2017 | Apr 1, 2017 | 18.2% | – |
| Q4 FY2016 | Dec 31, 2016 | 19.6% | – |
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