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| 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 |