Zebra Technologies (ZBRA) Gross Margin (2009 - 2026)
Zebra Technologies' (ZBRA) quarterly Gross Margin came in at 49.63% in Q2 2026, up 32.0% YoY from 37.6% in Q2 2025, and up 4.88% on a QoQ basis from 47.32% in Q4 2025.
Zebra Technologies (ZBRA) Gross Margin (2009 - 2026) Analysis & Trends
Zebra Technologies (ZBRA) has 18 years of Gross Margin data on file, last reported at 49.63% in 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 grew to 49.63% in Q2 2026, from 47.32% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 49.63% in Q2 2026 to a low of 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 plunged 414 bps — and 2024, when it jumped 418 bps.
- Tracing ZBRA's Gross Margin over 5 years: stood at 45.58% in 2022, then fell by 3 bps to 44.4% in 2023, then gained by 9 bps to 48.58% in 2024, then declined by 3 bps to 47.32% in 2025, then rose by 5 bps to 49.63% in 2026.
- The last three Gross Margin figures came in at 49.63% (Q2 2026), 47.32% (Q4 2025), and 48.03% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 63.63% |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 36.87% |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 53.56% |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 44.16% |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | 144,416.67% |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 44.03% |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 47.03% |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | 45.78% |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 28.93% |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 52.99% |
Historic Data
Download 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% |