Operating Expenses Summary of Garmin Ltd.

Garmin Ltd.'s latest annual operating expenses in 2023 was 1.91 Billion USD , up 7.53% from previous year.
Garmin Ltd.'s latest quarterly operating expenses in 2024 Q2 was 520.86 Million USD , up 3.4% from previous quarter.
Garmin Ltd. reported a annual operating expenses of 1.77 Billion USD in annual operating expenses 2022, up 6.41% from previous year.
Garmin Ltd. reported a annual operating expenses of 1.67 Billion USD in annual operating expenses 2021, up 17.15% from previous year.
Garmin Ltd. reported a quarterly operating expenses of 514.12 Million USD for 2024 Q3, down -1.29% from previous quarter.
Garmin Ltd. reported a quarterly operating expenses of 520.86 Million USD for 2024 Q2, up 3.4% from previous quarter.

Annual Operating Expenses Chart of Garmin Ltd. (2023 - 1999)

Historical Annual Operating Expenses of Garmin Ltd. (2023 - 1999)

Year	Operating Expenses	Operating Expenses Growth
2023	1.91 Billion USD	7.53%
2022	1.77 Billion USD	6.41%
2021	1.67 Billion USD	17.15%
2020	1.42 Billion USD	10.77%
2019	1.28 Billion USD	7.24%
2018	1.2 Billion USD	7.81%
2017	1.11 Billion USD	5.56%
2016	1.05 Billion USD	6.73%
2015	989.12 Million USD	8.24%
2014	913.78 Million USD	9.66%
2013	833.26 Million USD	-0.13%
2012	834.32 Million USD	6.31%
2011	784.82 Million USD	10.59%
2010	709.69 Million USD	7.84%
2009	658.1 Million USD	-4.83%
2008	691.49 Million USD	24.39%
2007	555.9 Million USD	69.57%
2006	327.82 Million USD	66.49%
2005	196.9 Million USD	40.07%
2004	140.57 Million USD	35.76%
2003	103.54 Million USD	33.4%
2002	77.61 Million USD	16.06%
2001	66.87 Million USD	7.86%
2000	62 Million USD	24.07%
1999	49.97 Million USD	0.0%

Year	Operating Expenses	Operating Expenses Growth
2024 Q1	503.72 Million USD	-3.81%
2024 Q3	514.12 Million USD	-1.29%
2024 Q2	520.86 Million USD	3.4%
2023 Q1	455.81 Million USD	-4.6%
2023 Q2	475.08 Million USD	4.23%
2023 Q3	458.2 Million USD	-3.55%
2023 Q4	523.69 Million USD	14.29%
2023 FY	1.91 Billion USD	7.53%
2022 Q1	433.92 Million USD	-5.05%
2022 Q2	436.08 Million USD	0.5%
2022 Q3	431.12 Million USD	-1.14%
2022 Q4	477.79 Million USD	10.82%
2022 FY	1.77 Billion USD	6.41%
2021 Q4	456.98 Million USD	10.58%
2021 FY	1.67 Billion USD	17.15%
2021 Q3	413.27 Million USD	0.88%
2021 Q2	409.67 Million USD	4.54%
2021 Q1	391.89 Million USD	-6.63%
2020 Q2	327.04 Million USD	-0.73%
2020 Q3	350.88 Million USD	7.29%
2020 Q1	329.45 Million USD	-9.22%
2020 FY	1.42 Billion USD	10.77%
2020 Q4	419.71 Million USD	19.62%
2019 Q2	319.14 Million USD	6.27%
2019 Q4	362.93 Million USD	18.61%
2019 FY	1.28 Billion USD	7.24%
2019 Q1	300.31 Million USD	-8.02%
2019 Q3	305.99 Million USD	-4.12%
2018 Q2	305.76 Million USD	7.54%
2018 Q1	284.33 Million USD	-11.19%
2018 FY	1.2 Billion USD	7.81%
2018 Q3	284.78 Million USD	-6.86%
2018 Q4	326.49 Million USD	14.64%
2017 Q1	255.77 Million USD	-17.75%
2017 Q2	274.5 Million USD	7.32%
2017 Q3	263.87 Million USD	-3.87%
2017 Q4	320.14 Million USD	21.32%
2017 FY	1.11 Billion USD	5.56%
2016 Q3	246.36 Million USD	-6.07%
2016 Q2	262.28 Million USD	11.12%
2016 Q4	310.96 Million USD	26.22%
2016 Q1	236.04 Million USD	-11.72%
2016 FY	1.05 Billion USD	6.73%
2015 Q4	267.38 Million USD	12.95%
2015 Q3	236.73 Million USD	-6.28%
2015 Q2	252.58 Million USD	8.67%
2015 FY	989.12 Million USD	8.24%
2015 Q1	232.42 Million USD	-8.8%
2014 Q4	254.84 Million USD	14.41%
2014 Q2	225.73 Million USD	7.25%
2014 Q1	210.46 Million USD	-5.27%
2014 Q3	222.74 Million USD	-1.32%
2014 FY	913.78 Million USD	9.66%
2013 Q2	213.75 Million USD	8.94%
2013 FY	833.26 Million USD	-0.13%
2013 Q4	222.16 Million USD	10.45%
2013 Q3	201.14 Million USD	-5.9%
2013 Q1	196.2 Million USD	-12.44%
2012 Q3	198.99 Million USD	-8.64%
2012 Q1	193.42 Million USD	-17.23%
2012 FY	834.32 Million USD	6.31%
2012 Q4	224.09 Million USD	12.61%
2012 Q2	217.8 Million USD	12.6%
2011 Q4	233.69 Million USD	18.63%
2011 Q1	163.62 Million USD	-16.15%
2011 Q3	196.99 Million USD	3.41%
2011 Q2	190.5 Million USD	16.43%
2011 FY	784.82 Million USD	10.59%
2010 FY	709.69 Million USD	7.84%
2010 Q1	147.56 Million USD	-24.23%
2010 Q3	177.38 Million USD	-6.45%
2010 Q4	195.14 Million USD	10.01%
2010 Q2	189.6 Million USD	28.5%
2009 FY	658.1 Million USD	-4.83%
2009 Q1	138.03 Million USD	-28.93%
2009 Q2	152.46 Million USD	10.45%
2009 Q3	172.85 Million USD	13.38%
2009 Q4	194.74 Million USD	12.66%
2008 Q3	171.27 Million USD	-4.11%
2008 Q4	194.21 Million USD	13.39%
2008 Q2	178.62 Million USD	21.2%
2008 Q1	147.38 Million USD	-24.68%
2008 FY	691.49 Million USD	24.39%
2007 Q3	127.69 Million USD	-4.06%
2007 Q4	195.68 Million USD	53.24%
2007 FY	555.9 Million USD	69.57%
2007 Q2	133.1 Million USD	33.87%
2007 Q1	99.42 Million USD	-5.8%
2006 Q3	77.88 Million USD	-4.68%
2006 Q4	105.55 Million USD	35.52%
2006 FY	327.82 Million USD	66.49%
2006 Q2	81.7 Million USD	30.36%
2006 Q1	62.67 Million USD	-2.45%
2005 Q1	37.44 Million USD	-8.77%
2005 Q4	64.24 Million USD	45.04%
2005 Q3	44.29 Million USD	-12.99%
2005 FY	196.9 Million USD	40.07%
2005 Q2	50.91 Million USD	35.96%
2004 Q4	41.04 Million USD	18.78%
2004 Q3	34.55 Million USD	1.3%
2004 Q2	34.11 Million USD	10.53%
2004 Q1	30.86 Million USD	-6.06%
2004 FY	140.57 Million USD	35.76%
2003 Q4	32.85 Million USD	32.72%
2003 Q2	23.54 Million USD	5.15%
2003 Q3	24.75 Million USD	5.15%
2003 FY	103.54 Million USD	33.4%
2003 Q1	22.38 Million USD	7.54%
2002 Q1	19.21 Million USD	8.04%
2002 Q4	20.82 Million USD	9.53%
2002 FY	77.61 Million USD	16.06%
2002 Q3	19 Million USD	2.34%
2002 Q2	18.57 Million USD	-3.32%
2001 Q3	16.96 Million USD	2.43%
2001 Q1	15.55 Million USD	107.19%
2001 FY	66.87 Million USD	7.86%
2001 Q4	17.78 Million USD	4.8%
2001 Q2	16.56 Million USD	6.5%
2000 Q3	- USD	0.0%
2000 Q1	- USD	0.0%
2000 Q4	-216.44 Million USD	0.0%
2000 FY	62 Million USD	24.07%
2000 Q2	- USD	0.0%
1999 FY	49.97 Million USD	0.0%

Peer Operating Expenses Comparison of Garmin Ltd.

Name	Operating Expenses	Operating Expenses Difference
Amphenol Corporation	1.48 Billion USD	-28.384%
Benchmark Electronics, Inc.	147.02 Million USD	-1201.0%
BlackSky Technology Inc.	73.26 Million USD	-2510.968%
Badger Meter, Inc.	158.38 Million USD	-1107.656%
Celestica Inc.	395.3 Million USD	-383.884%
CTS Corporation	108.73 Million USD	-1659.151%
ESCO Technologies Inc.	224.01 Million USD	-753.869%
Fabrinet	78.51 Million USD	-2336.278%
Fortive Corporation	2.46 Billion USD	22.257%
Corning Incorporated	3.04 Billion USD	37.1%
Jabil Inc.	663 Million USD	-188.506%
Keysight Technologies, Inc.	2.17 Billion USD	12.015%
Methode Electronics, Inc.	290.8 Million USD	-557.77%
Ouster, Inc.	382.86 Million USD	-399.595%
Ouster, Inc.	382.86 Million USD	-399.595%
Ouster, Inc.	382.86 Million USD	-399.595%
Rogers Corporation	221.8 Million USD	-762.396%
Sensata Technologies Holding plc	529.52 Million USD	-261.231%
Teledyne Technologies Incorporated	1.4 Billion USD	-36.142%
TE Connectivity Ltd.	2.47 Billion USD	22.653%
Vontier Corporation	887.8 Million USD	-115.453%
Vishay Precision Group, Inc.	106.82 Million USD	-1690.537%
Wallbox N.V.	169.84 Million USD	-1026.205%

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Garmin Ltd. (GRMN)

Operating Expenses Summary of Garmin Ltd.

Annual Operating Expenses Chart of Garmin Ltd. (2023 - 1999)

Historical Annual Operating Expenses of Garmin Ltd. (2023 - 1999)

Peer Operating Expenses Comparison of Garmin Ltd.