Zimmer Biomet Holdings (ZBH) Operating Margin (2009 - 2026)
Zimmer Biomet Holdings (ZBH) posted quarterly Operating Margin of 17.88% for Q1 2026, up 257.0% year-over-year from 5.01% in Q1 2025, and up 159.74% quarter-over-quarter from 6.89% in Q4 2025.
Zimmer Biomet Holdings (ZBH) Operating Margin (2009 - 2026) Analysis & Trends
Zimmer Biomet Holdings' Operating Margin history runs 18 years deep, the most recent figure standing at 17.88% for Q1 2026.
- In Q1 2026, Operating Margin rose 257.0% year-over-year to 17.88%; the TTM figure through Mar 2026 stood at 14.02% (down 302.0% YoY), while the FY2025 annual figure was 13.34%, down 340.0% from the prior year.
- Operating Margin for Q1 2026 stood at 17.88%, up from 6.89% in the prior quarter.
- The five-year high for Operating Margin was 19.23% in Q4 2024, with the low at 1.55% in Q4 2022.
- The 5-year median for Operating Margin is 15.32% (2024), against an average of 14.62%.
- The sharpest annual moves came in 2023 and 2025: Operating Margin jumped 1981 bps in 2023, then slumped 1234 bps in 2025.
- Zimmer Biomet Holdings' Operating Margin stood at 1.55% in 2022, then jumped by 1277 bps to 18.26% in 2023, then grew by 5 bps to 19.23% in 2024, then slumped by 64 bps to 6.89% in 2025, then jumped by 160 bps to 17.88% in 2026.
- Business Quant data shows ZBH's Operating Margin at 17.88% in Q1 2026, 6.89% in Q4 2025, and 17.55% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.70 Bn | 193.10 Bn | 7.27 Bn | 13.44% |
| 2 | Stryker | 125.85 Bn | 122.37 Bn | 4.50 Bn | 25.18% |
| 3 | Medtronic | 118.44 Bn | 109.22 Bn | 6.41 Bn | 19.10% |
| 4 | Boston Scientific | 72.64 Bn | 72.10 Bn | 3.85 Bn | 21.65% |
| 5 | Edwards Lifesciences | 51.94 Bn | 47.69 Bn | 1.35 Bn | 29.48% |
| 6 | Dexcom | 34.48 Bn | 32.53 Bn | 830.00 Mn | 24.33% |
| 7 | GE HealthCare Technologies | 33.60 Bn | 31.49 Bn | 2.18 Bn | 13.96% |
| 8 | Koninklijke Philips | 26.30 Bn | 22.98 Bn | 4.55 Bn | 10.30% |
| 9 | Steris | 23.00 Bn | 22.52 Bn | 684.20 Mn | 19.15% |
| 10 | Zimmer Biomet Holdings | 19.04 Bn | 18.63 Bn | 1.54 Bn | 14.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.98% |
| Mar 31, 2026 | 17.88% |
| Dec 31, 2025 | 6.89% |
| Sep 30, 2025 | 17.55% |
| Jun 30, 2025 | 14.44% |
| Mar 31, 2025 | 15.31% |
| Dec 31, 2024 | 19.23% |
| Sep 30, 2024 | 15.32% |
| Jun 30, 2024 | 18.09% |
| Mar 31, 2024 | 14.07% |
| Dec 31, 2023 | 18.26% |
| Sep 30, 2023 | 15.20% |
| Jun 30, 2023 | 17.63% |
| Mar 31, 2023 | 17.88% |
| Dec 31, 2022 | -1.55% |
| Sep 30, 2022 | 14.69% |
| Jun 30, 2022 | 15.76% |
| Mar 31, 2022 | 11.93% |
| Dec 31, 2021 | 7.53% |
| Sep 30, 2021 | 14.42% |