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
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