Zebra Technologies (ZBRA) Gross Margin (2009 - 2026)
Zebra Technologies (ZBRA) reported Gross Margin of 52.99% for Q2 2026, up 5.35 percentage points from 47.64% a year earlier and up 3.35 percentage points from the prior quarter.
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Analysis
Zebra Technologies (ZBRA) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 4, 2026, Zebra Technologies' Gross Margin came in at 49.58%, up 0.99 percentage points year-over-year; for FY2025, it was 48.05%, down 0.39 percentage points from FY2024.
- Gross Margin has a five-year change of +3.02 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 48.44% in FY2024 (+2.13 pp), 46.31% in FY2023 (+0.92 pp), 45.39% in FY2022 (-1.31 pp) and 46.70% in FY2021 (+1.67 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin in data going back to Q2 2009.
- Year over year, Gross Margin gained in five of the last eight quarters, with an average year-over-year change of +1.57 percentage points.
- The high point for year-over-year Gross Margin in five years was Q2 2026 (a gain of 5.35 percentage points); the low point was Q1 2022 (a drop of 4.14 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 49.63% (Q1 2026), 47.32% (Q4 2025) and 48.03% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,943.67 Bn | 4,691.16 Bn | 54.77 Bn | 50.06% |
| 2 | Cisco Systems | 421.20 Bn | 357.13 Bn | 11.06 Bn | 64.13% |
| 3 | Dell Technologies | 347.85 Bn | 303.60 Bn | 9.83 Bn | 20.93% |
| 4 | Arista Networks | 258.42 Bn | 211.87 Bn | 1.91 Bn | 62.93% |
| 5 | Sandisk | 250.08 Bn | 238.60 Bn | 7.58 Bn | 84.57% |
| 6 | Seagate Technology Holdings | 208.99 Bn | 203.98 Bn | 1.90 Bn | 52.30% |
| 7 | Western Digital | 163.62 Bn | 151.74 Bn | 2.03 Bn | 54.12% |
| 8 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 36.70% |
| 9 | Hewlett Packard Enterprise | 83.23 Bn | 61.11 Bn | 4.93 Bn | 40.34% |
| 10 | Zebra Technologies | 17.59 Bn | 16.14 Bn | 825.00 Mn | 52.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 52.99% |
| Apr 4, 2026 | 49.63% |
| Dec 31, 2025 | 47.32% |
| Sep 27, 2025 | 48.03% |
| Jun 28, 2025 | 47.64% |
| Mar 29, 2025 | 49.31% |
| Dec 31, 2024 | 48.58% |
| Sep 28, 2024 | 48.84% |
| Jun 29, 2024 | 48.40% |
| Mar 30, 2024 | 47.91% |
| Dec 31, 2023 | 44.40% |
| Sep 30, 2023 | 44.67% |
| Jul 1, 2023 | 47.86% |
| Apr 1, 2023 | 47.47% |
| Dec 31, 2022 | 45.58% |
| Oct 1, 2022 | 45.57% |
| Jul 2, 2022 | 45.91% |
| Apr 2, 2022 | 44.48% |
| Dec 31, 2021 | 45.60% |
| Oct 2, 2021 | 44.99% |
API Access
Zebra Technologies Gross 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=gross-margin&ticker=ZBRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ZBRA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ZBRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();