Quick Answer
GARMIN LTD reported R&D Expense of $1.13 billion for fiscal year 2025.
GARMIN LTD R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $1.13B | +13.3% |
| 2024 | $993.60M | +9.8% |
| 2023 | $904.70M | +8.4% |
| 2022 | $834.93M | +7.2% |
| 2021 | $778.75M | +19.4% |
| 2020 | $652.34M | +7.8% |
| 2019 | $605.37M | +6.6% |
| 2018 | $567.80M | +11.0% |
| 2017 | $511.63M | +9.3% |
| 2016 | $467.96M | +9.6% |
| 2015 | $427.04M | +8.1% |
| 2014 | $395.12M | +8.3% |
| 2013 | $364.92M | +12.0% |
| 2012 | $325.77M | +9.1% |
| 2011 | $298.58M | +7.7% |
| 2010 | $277.26M | +16.3% |
| 2009 | $238.38M | +15.7% |
| 2008 | $206.11M | +29.3% |
| 2007 | $159.41M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $286.46M | +15.0% | +3.5% |
| June 30, 2025 | $276.66M | +13.8% | +3.2% |
| March 31, 2025 | $268.12M | +10.5% | +7.6% |
| September 30, 2024 | $249.16M | +12.5% | +2.5% |
| June 30, 2024 | $243.15M | +8.4% | +0.3% |
| March 31, 2024 | $242.53M | +9.5% | +9.5% |
| September 30, 2023 | $221.57M | +6.2% | -1.3% |
| June 30, 2023 | $224.39M | +11.4% | +1.3% |
- GARMIN LTD showed an increase of +13.3% in R&D Expense compared to the prior fiscal year.
- Over the 2007–2025 period, GARMIN LTD’s r&d expense has grown by 606.5% (from $159.41 million to $1.13 billion).
- The most recent figure is from GARMIN LTD’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 18, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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