Zebra Technologies (ZBRA) Operating Expenses (2009 - 2026)
Zebra Technologies (ZBRA) posted Operating Expenses of $527.0 million for Q2 2026, down 5.72% on a QoQ basis from $559.0 million in Q4 2025, and up 17.11% year-over-year from $450.0 million in Q2 2025.
Zebra Technologies (ZBRA) Operating Expenses (2009 - 2026) Analysis & Trends
Zebra Technologies' Operating Expenses history runs 18 years deep, the most recent figure standing at $527.0 million for Q2 2026.
- Quarterly Operating Expenses rose 17.11% year-over-year to $527.0 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $2.0 billion (up 14.74% YoY) and the FY2025 annual result came in at $1.9 billion, up 13.29% from the prior year.
- Operating Expenses was $527.0 million for Q2 2026 at Zebra Technologies, down from $559.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $819.0 million in Q3 2022 and bottomed at $374.0 million in Q4 2023.
- A 5-year average of $460.5 million and a median of $426.0 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 99.27% — and 2023, when it tumbled 52.75%.
- Zebra Technologies' Operating Expenses stood at $425.0 million in 2022, then decreased by 12.0% to $374.0 million in 2023, then increased by 13.1% to $423.0 million in 2024, then jumped by 32.15% to $559.0 million in 2025, then declined by 5.72% to $527.0 million in 2026.
- Business Quant data shows ZBRA's Operating Expenses at $527.0 million in Q2 2026, $559.0 million in Q4 2025, and $451.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 444.27 Bn | 427.63 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Motorola Solutions | 68.42 Bn | 67.56 Bn | 1.36 Bn | 691.00 Mn |
| 3 | Hewlett Packard Enterprise | 63.57 Bn | 58.72 Bn | 9.10 Bn | 8.83 Bn |
| 4 | Lumentum Holdings | 59.61 Bn | 56.43 Bn | 357.00 Mn | 182.50 Mn |
| 5 | Ciena | 57.62 Bn | 56.33 Bn | 625.52 Mn | 436.11 Mn |
| 6 | Nokia | 52.70 Bn | 45.22 Bn | 9.86 Bn | -992.30 Mn |
| 7 | Ubiquiti | 32.00 Bn | 31.63 Bn | 370.71 Mn | 79.89 Mn |
| 8 | AST SpaceMobile | 17.20 Bn | 17.78 Bn | 3.67 Mn | 164.15 Mn |
| 9 | Zebra Technologies | 12.59 Bn | 12.48 Bn | 742.00 Mn | 527.00 Mn |
| 10 | Viasat | 10.14 Bn | 8.46 Bn | 615.36 Mn | 295.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | 527.00 Mn |
| Dec 31, 2025 | 559.00 Mn |
| Sep 27, 2025 | 451.00 Mn |
| Jun 28, 2025 | 433.00 Mn |
| Mar 29, 2025 | 450.00 Mn |
| Dec 31, 2024 | 423.00 Mn |
| Sep 28, 2024 | 422.00 Mn |
| Jun 29, 2024 | 422.00 Mn |
| Mar 30, 2024 | 404.00 Mn |
| Dec 31, 2023 | 374.00 Mn |
| Sep 30, 2023 | 439.00 Mn |
| Jul 1, 2023 | 387.00 Mn |
| Apr 1, 2023 | 442.00 Mn |
| Dec 31, 2022 | 425.00 Mn |
| Oct 1, 2022 | 426.00 Mn |
| Jul 2, 2022 | 819.00 Mn |
| Apr 2, 2022 | 425.00 Mn |
| Dec 31, 2021 | 446.00 Mn |
| Oct 2, 2021 | 409.00 Mn |
| Jul 3, 2021 | 411.00 Mn |