Zimmer Biomet Holdings (ZBH) Operating Margin (2009 - 2026)
Zimmer Biomet Holdings (ZBH) posted Operating Margin of 14.98% for Q2 2026, up 0.54 percentage points from 14.44% a year earlier but down 2.91 percentage points from the prior quarter.
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Analysis
Zimmer Biomet Holdings (ZBH) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Zimmer Biomet Holdings was 14.16%, down 1.93 percentage points year-over-year; for FY2025, it came in at 13.34%, down 3.40 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +11.98 percentage points (FY2020 to FY2025).
- In prior years, Zimmer Biomet Holdings' Operating Margin was 16.74% in FY2024 (-0.54 pp), 17.28% in FY2023 (+7.25 pp), 10.03% in FY2022 (-2.57 pp) and 12.60% in FY2021 (+11.24 pp).
- Quarterly Operating Margin has run from a low of -1.55% in Q4 2022 to a high of 19.23% in Q4 2024 over five years.
- On a year-over-year basis, Operating Margin increased in six of the last eight quarters, with an average year-over-year change of -1.04 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2023, with a gain of 19.81 percentage points; the weakest was Q4 2025, with a drop of 12.34 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 17.88% (Q1 2026), 6.89% (Q4 2025) and 17.55% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 33.60% |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 21.65% |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 29.48% |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 13.31% |
| 10 | Zimmer Biomet Holdings | 16.94 Bn | 14.23 Bn | 1.54 Bn | 14.98% |
Historic Data
Download Data
Historic 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% |
API Access
Zimmer Biomet Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ZBH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ZBH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ZBH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();