Zebra Technologies (ZBRA) Operating Expenses (2009 - 2026)
Zebra Technologies' (ZBRA) quarterly Operating Expenses came in at $527.0 million in Q2 2026, up 17.11% YoY from $450.0 million in Q2 2025, and down 5.72% on a QoQ basis from $559.0 million in Q4 2025.
Zebra Technologies (ZBRA) Operating Expenses (2009 - 2026) Analysis & Trends
Zebra Technologies (ZBRA) has 18 years of Operating Expenses data on file, last reported at $527.0 million in 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 fell to $527.0 million in Q2 2026, from $559.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $819.0 million in Q3 2022 to a low of $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 plunged 52.75%.
- Tracing ZBRA's Operating Expenses over 5 years: stood at $425.0 million in 2022, then fell by 12.0% to $374.0 million in 2023, then climbed by 13.1% to $423.0 million in 2024, then surged by 32.15% to $559.0 million in 2025, then slipped by 5.72% to $527.0 million in 2026.
- The last three Operating Expenses figures came in at $527.0 million (Q2 2026), $559.0 million (Q4 2025), and $451.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 9.93 Bn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 182.50 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -1.02 Bn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 453.68 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 79.89 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | -1.95 Bn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 329.10 Mn |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 504.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 4, 2026 | 504.00 Mn |
| 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 |