Zebra Technologies ZBRA
NASDAQ ZBRA
$362.74 +5.24 (+1.47%)
At close: Sep 4, 2026 · 4:00 PM EDT

Zebra Technologies (ZBRA) Operating Expenses (2009 - 2026)

Zebra Technologies' (ZBRA) quarterly Operating Expenses came in at $504.0 million in Q3 2026, up 16.4% on a YoY basis from $433.0 million in Q3 2025, and down 4.36% quarter-over-quarter from $527.0 million in Q2 2026.

Analysis

Zebra Technologies (ZBRA) Operating Expenses (2009 - 2026) Analysis & Trends

Zebra Technologies (ZBRA) has reported Operating Expenses for 18 consecutive years, with $504.0 million the latest figure, recorded in Q3 2026.

  • For the quarter ending Q3 2026, Operating Expenses rose 16.4% year-over-year to $504.0 million; the trailing twelve-month figure through Jul 2026 stood at $2.0 billion (up 18.11% YoY), and the FY2025 full-year result was $1.9 billion, up 13.29% from the prior year.
  • Operating Expenses declined to $504.0 million in Q3 2026 per ZBRA's latest filing, from $527.0 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.
  • Historically, Operating Expenses has averaged $462.9 million across 5 years, with a median of $429.5 million in 2022.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 99.27% in 2022, then sank 52.75% in 2023.
  • Over 5 years, 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 fell by 9.84% to $504.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $504.0 million, $527.0 million, and $559.0 million for Q3 2026, Q2 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Lumentum Holdings 78.08 Bn 75.34 Bn 477.30 Mn 198.00 Mn
2 Coherent 55.21 Bn 53.56 Bn 787.08 Mn 1.77 Bn
3 Zebra Technologies 17.16 Bn 17.00 Bn 825.00 Mn 504.00 Mn
4 Littelfuse 10.64 Bn 10.02 Bn 306.06 Mn 186.34 Mn
5 Vishay Intertechnology 4.49 Bn 3.19 Bn 207.38 Mn 153.86 Mn
6 LG Display 3.31 Bn 3.14 Bn 509.35 Mn -500.55 Mn
7 Knowles 3.03 Bn 2.98 Bn 74.60 Mn 49.90 Mn
8 Hesai 2.95 Bn 1.97 Bn 50.88 Mn 50.56 Mn
9 Ouster 2.50 Bn 2.23 Bn 26.69 Mn 46.73 Mn
10 Bel Fuse 2.49 Bn 2.29 Bn 83.97 Mn 45.32 Mn
Historic Data

Historic Data

Download Data
DateValue
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