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
Download Data
Historic 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 |