Garmin

GRMN · Consumer Discretionary · Market cap $56.1B

Q4 FY25 Sep 28 – Dec 27, 2025 reported Feb 18, 2026

Revenue$2.1B +17% year over year

Gross profit$1.3B

Operating profit$0.6B

Net profit$0.5B 25% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 27, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.1	100%	+17%
Transferred At Point in Time	2	95%	+17%
Transferred Over Time	0.1	5%	−1%
Cost of revenue	−0.9	43%
Gross profit	1.3	59% margin	+0pp
Research & development	−0.3	14%	+0pp
SG&A	−0.3	16%	+0pp
Operating profit	0.6	29% margin	+1pp
Tax	−0.1
Net profit	0.5	25%	+1pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 27, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.8	100%	+12%
Transferred At Point in Time	1.7	94%	+13%
Transferred Over Time	0.1	6%	−4%
Cost of revenue	−0.7	39%
Gross profit	1	59% margin	−1pp
Research & development	−0.3	16%	+0pp
SG&A	−0.3	17%	+0pp
Operating profit	0.5	26% margin	−2pp
Tax	−0.2
Net profit	0.4	23%	−2pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.8	100%	+20%
Transferred At Point in Time	1.7	94%	+21%
Transferred Over Time	0.1	6%	+5%
Cost of revenue	−0.7	39%
Gross profit	1.1	59% margin	+2pp
Research & development	−0.3	15%	−1pp
SG&A	−0.3	18%	−1pp
Operating profit	0.5	26% margin	+3pp
Tax	−0.1
Net profit	0.4	22%	+2pp

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Dec 28, 2024).
Item	Value	Share of revenue	Year over year
Revenue	1.8	100%	+0%
Transferred At Point in Time	1.7	94%	+24%
Transferred Over Time	0.1	6%	+12%
Cost of revenue	−0.7	39%
Gross profit	1.1	59% margin	+0pp
Research & development	−0.3	14%	+0pp
SG&A	−0.3	17%	+0pp
Operating profit	0.5	28% margin	+0pp
Tax	−0.1
Net profit	0.4	24%	+0pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q4 FY25	Sep 28 – Dec 27, 2025	Feb 18, 2026	$2.1B	+17%	29%	$0.5B	25%
Q3 FY25	Sep 27, 2025	Oct 29, 2025	$1.8B	+12%	28%	$0.4B	23%
Q2 FY25	Mar 30 – Jun 28, 2025	Jul 30, 2025	$1.8B	+20%	28%	$0.4B	22%
Q4 FY24	Sep 29 – Dec 28, 2024	Feb 19, 2025	$1.8B	+0%	28%	$0.4B	24%