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

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

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.