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

Zebra Technologies has reported Operating Margin for 18 years, with the latest figure at 14.38% in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin fell 53.0% year-over-year to 14.38%; the trailing twelve-month figure through Apr 2026 stood at 12.9% (down 232.0% YoY), and the FY2025 full-year result was 12.97%, down 192.0% from the prior year.
• Operating Margin for Q2 2026 stood at 14.38%, up from 9.42% in the prior quarter.
• The five-year high for Operating Margin was 17.3% in Q4 2022, with the low at 9.88% in Q3 2022.
• Historically, Operating Margin has averaged 11.83% across 5 years, with a median of 14.38% in 2026.
• Annual changes were most pronounced in 2022 — Operating Margin slumped 2781 bps — and 2023, when it surged 2586 bps.
• Zebra Technologies' Operating Margin stood at 17.3% in 2022, then plunged by 58 bps to 7.33% in 2023, then surged by 130 bps to 16.87% in 2024, then sank by 44 bps to 9.42% in 2025, then jumped by 53 bps to 14.38% in 2026.
• The last three Operating Margin figures came in at 14.38% (Q2 2026), 9.42% (Q4 2025), and 13.86% (Q3 2025), per Business Quant data.