Garmin Operating Expenses 2010-2023 | GRMN

Garmin annual/quarterly operating expenses history and growth rate from 2010 to 2023. Operating expenses can be defined as the sum of all operating expenses for the given industry.
  • Garmin operating expenses for the quarter ending December 31, 2023 were $1.142B, a 9.9% increase year-over-year.
  • Garmin operating expenses for the twelve months ending December 31, 2023 were $4.136B, a 7.92% increase year-over-year.
  • Garmin annual operating expenses for 2023 were $4.136B, a 7.92% increase from 2022.
  • Garmin annual operating expenses for 2022 were $3.832B, a 1.81% increase from 2021.
  • Garmin annual operating expenses for 2021 were $3.764B, a 20.17% increase from 2020.
Garmin Annual Operating Expenses
(Millions of US $)
2023 $4,136
2022 $3,832
2021 $3,764
2020 $3,132
2019 $2,812
2018 $2,569
2017 $2,438
2016 $2,413
2015 $2,271
2014 $2,180
2013 $2,058
2012 $2,112
2011 $2,205
2010 $2,053
2009 $2,160
Garmin Quarterly Operating Expenses
(Millions of US $)
2023-12-31 $1,142
2023-09-30 $1,007
2023-06-30 $1,036
2023-03-31 $950
2022-12-31 $1,039
2022-09-30 $901
2022-06-30 $948
2022-03-31 $944
2021-12-31 $1,076
2021-09-30 $909
2021-06-30 $956
2021-03-31 $823
2020-12-31 $980
2020-09-30 $792
2020-06-30 $681
2020-03-31 $679
2019-12-31 $826
2019-09-30 $673
2019-06-30 $699
2019-03-31 $615
2018-12-31 $709
2018-09-30 $614
2018-06-30 $677
2018-03-31 $569
2017-12-31 $714
2017-09-30 $578
2017-06-30 $622
2017-03-31 $524
2016-12-31 $719
2016-09-30 $563
2016-06-30 $611
2016-03-31 $520
2015-12-31 $636
2015-09-30 $554
2015-06-30 $607
2015-03-31 $474
2014-12-31 $627
2014-09-30 $531
2014-06-30 $559
2014-03-31 $463
2013-12-31 $587
2013-09-30 $492
2013-06-30 $527
2013-03-31 $452
2012-12-31 $619
2012-09-30 $512
2012-06-30 $514
2012-03-31 $466
2011-12-31 $710
2011-09-30 $520
2011-06-30 $543
2011-03-31 $433
2010-12-31 $653
2010-09-30 $526
2010-06-30 $527
2010-03-31 $348
2009-12-31 $767
2009-09-30 $544
2009-06-30 $470
2009-03-31 $379
Sector Industry Market Cap Revenue
Computer and Technology Electrical Products - Miscellaneous $27.554B $5.228B
Garmin, Ltd. is an original equipment manufacturer of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology. The company's diverse portfolio of handheld, portable and fixed-mount GPS-enabled devices provides geographical location and navigation data using the GPS satellite system. The company reports operations under five segments: Outdoor, Fitness, Marine, Auto and Aviation.
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