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

Zebra Technologies (ZBRA) reported Operating Expenses of $527.0 million for Q2 2026, up 17.11% on a YoY basis from $450.0 million in Q2 2025, and down 5.72% quarter-over-quarter from $559.0 million in Q4 2025.

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

Zebra Technologies has reported Operating Expenses for 18 years, with the latest figure at $527.0 million in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 17.11% year-over-year to $527.0 million; the trailing twelve-month figure through Apr 2026 stood at $2.0 billion (up 14.74% YoY), and the FY2025 full-year result was $1.9 billion, up 13.29% from the prior year.
  • Operating Expenses for Q2 2026 stood at $527.0 million, down from $559.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $819.0 million in Q3 2022, with the low at $374.0 million in Q4 2023.
  • Historically, Operating Expenses has averaged $460.5 million across 5 years, with a median of $426.0 million in 2022.
  • Annual changes were most pronounced in 2022 — Operating Expenses soared 99.27% — and 2023, when it plunged 52.75%.
  • Zebra Technologies' Operating Expenses 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 6.12 Bn
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 436.11 Mn
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 691.00 Mn
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 8.83 Bn
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 182.50 Mn
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 79.89 Mn
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn 164.15 Mn
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn 56.91 Mn
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 527.00 Mn
10 Viavi Solutions 10.76 Bn 10.75 Bn 234.10 Mn 209.30 Mn

Historic Data

Download Data
DateValue
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