Operating Margin of GARMIN LTD from 30 Dec 2017 to 27 Sep 2025

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
GARMIN LTD quarterly and annual Operating Margin in % history and change rate from 30 Dec 2017 to 27 Sep 2025.
  • GARMIN LTD Operating Margin for the quarter ending 27 Sep 2025 was 26%, a 7.6% increase year-over-year.
  • GARMIN LTD annual Operating Margin for 2024 was 25%, a 21% increase from 2023.
  • GARMIN LTD annual Operating Margin for 2023 was 21%, a 1.2% decline from 2022.
  • GARMIN LTD annual Operating Margin for 2022 was 21%, a 14% decline from 2021.
Operating Margin, Quarterly (%)
Operating Margin, YoY Quarterly Change (%)
Operating Margin, Annual (%)
Operating Margin, YoY Annual Change (%)

GARMIN LTD Quarterly Operating Margin (%)

Period Value YoY Chg Change % Start Date End Date
Q3 2025 26% +1.8% +7.6% 29 Jun 2025 27 Sep 2025
Q2 2025 26% +3.9% +17% 30 Mar 2025 28 Jun 2025
Q1 2025 25% +3.4% +16% 29 Dec 2024 29 Mar 2025
Q4 2024 25% +4.4% +21% 29 Sep 2024 28 Dec 2024
Q3 2024 24% +3.6% +18% 30 Jun 2024 28 Sep 2024
Q2 2024 22% +2% +10% 31 Mar 2024 29 Jun 2024
Q1 2024 22% +1.2% +6.1% 31 Dec 2023 30 Mar 2024
Q4 2023 21% -0.26% -1.2% 01 Oct 2023 30 Dec 2023
Q3 2023 20% -1.6% -7.3% 02 Jul 2023 30 Sep 2023
Q2 2023 20% -2.3% -10% 02 Apr 2023 01 Jul 2023
Q1 2023 21% -3% -13% 01 Jan 2023 01 Apr 2023
Q4 2022 21% -3.3% -14% 25 Sep 2022 31 Dec 2022
Q3 2022 22% -4% -16% 26 Jun 2022 24 Sep 2022
Q2 2022 22% -4.5% -17% 27 Mar 2022 25 Jun 2022
Q1 2022 24% -2% -7.9% 26 Dec 2021 26 Mar 2022
Q4 2021 24% -0.72% -2.9% 26 Sep 2021 25 Dec 2021
Q3 2021 26% +1.4% +5.8% 27 Jun 2021 25 Sep 2021
Q2 2021 27% +2.9% +12% 28 Mar 2021 26 Jun 2021
Q1 2021 26% +0.33% +1.3% 27 Dec 2020 27 Mar 2021
Q4 2020 25% +0.02% +0.08% 27 Sep 2020 26 Dec 2020
Q3 2020 24% -0.49% -2% 28 Jun 2020 26 Sep 2020
Q2 2020 24% +0.16% +0.67% 29 Mar 2020 27 Jun 2020
Q1 2020 25% +2.1% +9.1% 29 Dec 2019 28 Mar 2020
Q4 2019 25% +1.9% +8.2% 29 Sep 2019 28 Dec 2019
Q3 2019 25% 30 Jun 2019 28 Sep 2019
Q2 2019 24% 31 Mar 2019 29 Jun 2019
Q1 2019 23% 30 Dec 2018 30 Mar 2019
Q4 2018 23% 30 Sep 2018 29 Dec 2018

GARMIN LTD Annual Operating Margin (%)

Period Value YoY Chg Change % Start Date End Date
2024 25% +4.4% +21% 31 Dec 2023 28 Dec 2024
2023 21% -0.26% -1.2% 01 Jan 2023 30 Dec 2023
2022 21% -3.3% -14% 26 Dec 2021 31 Dec 2022
2021 24% -0.72% -2.9% 27 Dec 2020 25 Dec 2021
2020 25% +0.02% +0.08% 29 Dec 2019 26 Dec 2020
2019 25% +1.9% +8.2% 30 Dec 2018 28 Dec 2019
2018 23% +1.4% +6.2% 31 Dec 2017 29 Dec 2018
2017 22% 01 Jan 2017 30 Dec 2017
* An asterisk sign (*) next to the value indicates that the value is likely invalid.