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

Zebra Technologies' Operating Margin history runs 18 years deep, the most recent figure standing at 14.38% for Q2 2026.

• Quarterly Operating Margin fell 53.0% year-over-year to 14.38% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 12.9% (down 232.0% YoY) and the FY2025 annual result came in at 12.97%, down 192.0% from the prior year.
• Operating Margin was 14.38% for Q2 2026 at Zebra Technologies, up from 9.42% in the prior quarter.
• Across five years, Operating Margin topped out at 17.3% in Q4 2022 and bottomed at 9.88% in Q3 2022.
• A 5-year average of 11.83% and a median of 14.38% in 2026 frame the typical range for Operating Margin.
• Annual changes were most pronounced in 2022 — Operating Margin sank 2781 bps — and 2023, when it surged 2586 bps.
• Zebra Technologies' Operating Margin stood at 17.3% in 2022, then slumped by 58 bps to 7.33% in 2023, then jumped by 130 bps to 16.87% in 2024, then tumbled by 44 bps to 9.42% in 2025, then soared by 53 bps to 14.38% in 2026.
• Business Quant data shows ZBRA's Operating Margin at 14.38% in Q2 2026, 9.42% in Q4 2025, and 13.86% in Q3 2025.