Operating Margin in % of GARMIN LTD from 2017 to Q3 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 history and change rate from 2017 to Q3 2025.
  • GARMIN LTD Operating Margin for the quarter ending 27 Sep 2025 was 25.6%, a 7.56% increase year-over-year.
  • GARMIN LTD annual Operating Margin for 2024 was 25.3%, a 21.2% increase from 2023.
  • GARMIN LTD annual Operating Margin for 2023 was 20.9%, a 1.23% decline from 2022.
  • GARMIN LTD annual Operating Margin for 2022 was 21.2%, a 13.5% 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 25.6% +1.8% +7.56% 29 Jun 2025 27 Sep 2025
Q2 2025 26% +3.87% +17.5% 30 Mar 2025 28 Jun 2025
Q1 2025 25.2% +3.39% +15.5% 29 Dec 2024 29 Mar 2025
Q4 2024 25.3% +4.42% +21.2% 29 Sep 2024 28 Dec 2024
Q3 2024 23.8% +3.64% +18% 30 Jun 2024 28 Sep 2024
Q2 2024 22.2% +2.05% +10.2% 31 Mar 2024 29 Jun 2024
Q1 2024 21.8% +1.25% +6.07% 31 Dec 2023 30 Mar 2024
Q4 2023 20.9% -0.26% -1.23% 01 Oct 2023 30 Dec 2023
Q3 2023 20.2% -1.59% -7.31% 02 Jul 2023 30 Sep 2023
Q2 2023 20.1% -2.3% -10.3% 02 Apr 2023 01 Jul 2023
Q1 2023 20.6% -2.95% -12.5% 01 Jan 2023 01 Apr 2023
Q4 2022 21.2% -3.31% -13.5% 25 Sep 2022 31 Dec 2022
Q3 2022 21.8% -4.04% -15.7% 26 Jun 2022 24 Sep 2022
Q2 2022 22.4% -4.54% -16.9% 27 Mar 2022 25 Jun 2022
Q1 2022 23.6% -2.03% -7.94% 26 Dec 2021 26 Mar 2022
Q4 2021 24.5% -0.72% -2.86% 26 Sep 2021 25 Dec 2021
Q3 2021 25.8% +1.42% +5.83% 27 Jun 2021 25 Sep 2021
Q2 2021 26.9% +2.92% +12.2% 28 Mar 2021 26 Jun 2021
Q1 2021 25.6% +0.33% +1.31% 27 Dec 2020 27 Mar 2021
Q4 2020 25.2% +0.02% +0.08% 27 Sep 2020 26 Dec 2020
Q3 2020 24.4% -0.49% -1.97% 28 Jun 2020 26 Sep 2020
Q2 2020 24% +0.16% +0.67% 29 Mar 2020 27 Jun 2020
Q1 2020 25.2% +2.11% +9.12% 29 Dec 2019 28 Mar 2020
Q4 2019 25.2% +1.91% +8.21% 29 Sep 2019 28 Dec 2019
Q3 2019 24.9% 30 Jun 2019 28 Sep 2019
Q2 2019 23.9% 31 Mar 2019 29 Jun 2019
Q1 2019 23.1% 30 Dec 2018 30 Mar 2019
Q4 2018 23.2% 30 Sep 2018 29 Dec 2018

GARMIN LTD Annual Operating Margin (%)

Period Value YoY Chg Change % Start Date End Date
2024 25.3% +4.42% +21.2% 31 Dec 2023 28 Dec 2024
2023 20.9% -0.26% -1.23% 01 Jan 2023 30 Dec 2023
2022 21.2% -3.31% -13.5% 26 Dec 2021 31 Dec 2022
2021 24.5% -0.72% -2.86% 27 Dec 2020 25 Dec 2021
2020 25.2% +0.02% +0.08% 29 Dec 2019 26 Dec 2020
2019 25.2% +1.91% +8.21% 30 Dec 2018 28 Dec 2019
2018 23.2% +1.35% +6.16% 31 Dec 2017 29 Dec 2018
2017 21.9% 01 Jan 2017 30 Dec 2017
* An asterisk sign (*) next to the value indicates that the value is likely invalid.