# GARMIN LTD (GRMN) FY2025 Annual P&L / Income Statement

- Company: GARMIN LTD (GRMN)
- Period: 2024-12-29 to 2025-12-27
- Filing: FY2025 10-K, filed 2026-02-18, accession number 0001193125-26-056028
- Page: https://plicit.ai/financials/grmn/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/grmn-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Business Segment

Income statement for 2024-12-29 through 2025-12-27. View: Business segment. Revenue and costs use their disclosed categories.

- **Net sales**: 7,245,519,000 US dollars
- **Cost of goods sold**: 2,989,216,000 US dollars
- **Gross profit**: 4,256,303,000 US dollars
- **Total operating expense**: 2,380,227,000 US dollars
- **Operating income**: 1,876,076,000 US dollars
- **Total other income (expense)**: 138,459,000 US dollars
- **Income before income taxes**: 2,014,535,000 US dollars
- **Total income tax provision (benefit)**: 350,648,000 US dollars
- **Net income**: 1,663,887,000 US dollars
- **Fitness Segment revenue**: 2,357,000,000 US dollars
- **Outdoor Segment revenue**: 2,054,061,000 US dollars
- **Aviation Segment revenue**: 987,161,000 US dollars
- **Marine Segment revenue**: 1,182,615,000 US dollars
- **Auto OEM Segment revenue**: 664,682,000 US dollars
- **Fitness Segment cost of revenue**: 954,415,000 US dollars
- **Outdoor Segment cost of revenue**: 702,831,000 US dollars
- **Aviation Segment cost of revenue**: 245,654,000 US dollars
- **Marine Segment cost of revenue**: 532,708,000 US dollars
- **Auto OEM Segment cost of revenue**: 553,608,000 US dollars
- **Selling, general and administrative expenses**: 1,253,996,000 US dollars
- **Research and development expense**: 1,126,231,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Timing of Transfer

- Page: https://plicit.ai/financials/grmn/fy2025-annual-income-statement/revenue-by-timing-of-transfer
- Chart image: https://plicit.ai/charts/grmn-fy2025-annual-revenue-by-timing-of-transfer-sankey.png

Income statement for 2024-12-29 through 2025-12-27. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 7,245,519,000 US dollars
- **Cost of goods sold**: 2,989,216,000 US dollars
- **Gross profit**: 4,256,303,000 US dollars
- **Total operating expense**: 2,380,227,000 US dollars
- **Operating income**: 1,876,076,000 US dollars
- **Total other income (expense)**: 138,459,000 US dollars
- **Income before income taxes**: 2,014,535,000 US dollars
- **Total income tax provision (benefit)**: 350,648,000 US dollars
- **Net income**: 1,663,887,000 US dollars
- **Point in time**: 6,910,894,000 US dollars
- **Over time**: 334,625,000 US dollars
- **Selling, general and administrative expenses**: 1,253,996,000 US dollars
- **Research and development expense**: 1,126,231,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.