Zebra Technologies (ZBRA) Gross Margin (2009 - 2026)
Zebra Technologies (ZBRA) posted Gross Margin of 49.63% for Q2 2026, up 4.88% on a QoQ basis from 47.32% in Q4 2025, and up 32.0% year-over-year from 37.6% in Q2 2025.
Zebra Technologies (ZBRA) Gross Margin (2009 - 2026) Analysis & Trends
Zebra Technologies' Gross Margin history runs 18 years deep, the most recent figure standing at 49.63% for Q2 2026.
- Quarterly Gross Margin rose 32.0% year-over-year to 49.63% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 48.18% (down 61.0% YoY) and the FY2025 annual result came in at 48.05%, down 39.0% from the prior year.
- Gross Margin was 49.63% for Q2 2026 at Zebra Technologies, up from 47.32% in the prior quarter.
- Across five years, Gross Margin topped out at 49.63% in Q2 2026 and bottomed at 44.4% in Q4 2023.
- A 5-year average of 47.15% and a median of 47.64% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 414 bps — and 2024, when it jumped 418 bps.
- Zebra Technologies' Gross Margin stood at 45.58% in 2022, then decreased by 3 bps to 44.4% in 2023, then climbed by 9 bps to 48.58% in 2024, then retreated by 3 bps to 47.32% in 2025, then advanced by 5 bps to 49.63% in 2026.
- Business Quant data shows ZBRA's Gross Margin at 49.63% in Q2 2026, 47.32% in Q4 2025, and 48.03% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 444.27 Bn | 427.63 Bn | 10.08 Bn | 63.63% |
| 2 | Motorola Solutions | 68.42 Bn | 67.56 Bn | 1.36 Bn | 50.18% |
| 3 | Hewlett Packard Enterprise | 63.57 Bn | 58.72 Bn | 9.10 Bn | 97.81% |
| 4 | Lumentum Holdings | 59.61 Bn | 56.43 Bn | 357.00 Mn | 44.16% |
| 5 | Ciena | 57.62 Bn | 56.33 Bn | 625.52 Mn | 43.83% |
| 6 | Nokia | 52.70 Bn | 45.22 Bn | 9.86 Bn | 144,416.67% |
| 7 | Ubiquiti | 32.00 Bn | 31.63 Bn | 370.71 Mn | 47.03% |
| 8 | AST SpaceMobile | 17.20 Bn | 17.78 Bn | 3.67 Mn | 24.92% |
| 9 | Zebra Technologies | 12.59 Bn | 12.48 Bn | 742.00 Mn | 49.63% |
| 10 | Viasat | 10.14 Bn | 8.46 Bn | 615.36 Mn | 3,846.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 3, 2021 | 47.79% |