Zebra Technologies (ZBRA) Net Margin (2009 - 2026)
Zebra Technologies (ZBRA) reported Net Margin of 9.03% for Q2 2026, down 137.0% on a YoY basis from 24.41% in Q2 2025, and up 90.28% quarter-over-quarter from 4.75% in Q4 2025.
Zebra Technologies (ZBRA) Net Margin (2009 - 2026) Analysis & Trends
Zebra Technologies has reported Net Margin for 18 years, with the latest figure at 9.03% in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 137.0% year-over-year to 9.03%; the trailing twelve-month figure through Apr 2026 stood at 7.49% (down 325.0% YoY), and the FY2025 full-year result was 7.77%, down 284.0% from the prior year.
- Net Margin for Q2 2026 stood at 9.03%, up from 4.75% in the prior quarter.
- The five-year high for Net Margin was 14.32% in Q2 2022, with the low at 6.68% in Q3 2022.
- Historically, Net Margin has averaged 8.1% across 5 years, with a median of 9.79% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin tumbled 2258 bps — and 2023, when it surged 1854 bps.
- Zebra Technologies' Net Margin stood at 12.38% in 2022, then sank by 86 bps to 1.68% in 2023, then surged by 625 bps to 12.22% in 2024, then slumped by 61 bps to 4.75% in 2025, then soared by 90 bps to 9.03% in 2026.
- The last three Net Margin figures came in at 9.03% (Q2 2026), 4.75% (Q4 2025), and 7.65% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 21.29% |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 10.53% |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 13.56% |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 4.55% |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 17.63% |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 29.68% |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | -1,693.80% |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | -9.45% |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 9.03% |
| 10 | Viavi Solutions | 10.76 Bn | 10.75 Bn | 234.10 Mn | 1.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 3, 2021 | 15.90% |