Zebra Technologies (ZBRA) Net Margin (2009 - 2026)
Zebra Technologies (ZBRA) recorded Net Margin of 14.96% in Q2 2026, up 6.30 percentage points from 8.66% a year earlier and up 5.93 percentage points from the prior quarter.
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Analysis
Zebra Technologies (ZBRA) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Zebra Technologies' Net Margin came in at 9.22% as of Jul 4, 2026, down 1.34 percentage points year-over-year; for FY2025, it was 7.77%, down 2.84 percentage points from FY2024.
- Annual Net Margin has a five-year change of -3.57 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 10.60% in FY2024 (+4.14 pp), 6.46% in FY2023 (-1.55 pp), 8.01% in FY2022 (-6.87 pp) and 14.87% in FY2021 (+3.54 pp).
- The Q2 2026 figure is the highest quarterly Net Margin since Q2 2021.
- On a year-over-year basis, Net Margin rose in four of the last eight quarters, with an average year-over-year change of +2.15 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 18.54 percentage points in Q2 2023, against a drop of 22.58 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 9.03% (Q1 2026), 4.75% (Q4 2025) and 7.65% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,943.67 Bn | 4,691.16 Bn | 54.77 Bn | 27.23% |
| 2 | Cisco Systems | 421.20 Bn | 357.13 Bn | 11.06 Bn | 22.37% |
| 3 | Dell Technologies | 347.85 Bn | 303.60 Bn | 9.83 Bn | 8.80% |
| 4 | Arista Networks | 258.42 Bn | 211.87 Bn | 1.91 Bn | 39.95% |
| 5 | Sandisk | 250.08 Bn | 238.60 Bn | 7.58 Bn | 77.00% |
| 6 | Seagate Technology Holdings | 208.99 Bn | 203.98 Bn | 1.90 Bn | 35.66% |
| 7 | Western Digital | 163.62 Bn | 151.74 Bn | 2.03 Bn | 85.27% |
| 8 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 12.33% |
| 9 | Hewlett Packard Enterprise | 83.23 Bn | 61.11 Bn | 4.93 Bn | 12.61% |
| 10 | Zebra Technologies | 17.59 Bn | 16.14 Bn | 825.00 Mn | 14.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 14.96% |
| Apr 4, 2026 | 9.03% |
| Dec 31, 2025 | 4.75% |
| Sep 27, 2025 | 7.65% |
| Jun 28, 2025 | 8.66% |
| Mar 29, 2025 | 10.40% |
| Dec 31, 2024 | 12.22% |
| Sep 28, 2024 | 10.92% |
| Jun 29, 2024 | 9.29% |
| Mar 30, 2024 | 9.79% |
| Dec 31, 2023 | 1.68% |
| Sep 30, 2023 | -1.57% |
| Jul 1, 2023 | 11.86% |
| Apr 1, 2023 | 10.68% |
| Dec 31, 2022 | 12.38% |
| Oct 1, 2022 | 12.34% |
| Jul 2, 2022 | -6.68% |
| Apr 2, 2022 | 14.32% |
| Dec 31, 2021 | 13.02% |
| Oct 2, 2021 | 13.86% |
API Access
Zebra Technologies Net 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=net-margin&ticker=ZBRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ZBRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();