Zepp Health (ZEPP) Gross Margin (2016 - 2026)
Zepp Health (ZEPP) posted Gross Margin of 37.35% for Q2 2026, down 0.94% on a QoQ basis from 37.71% in Q1 2026, and up 118.0% year-over-year from 17.13% in Q2 2025.
Analysis
Zepp Health (ZEPP) Gross Margin (2016 - 2026) Analysis & Trends
Zepp Health has reported Gross Margin for 11 years, with the latest figure at 37.35% in Q2 2026.
- On a quarterly basis, Gross Margin rose 118.0% year-over-year to 37.35% in Q2 2026; TTM through Jun 2026 was 38.58%, a 106.0% increase from a year earlier, with the FY2025 full-year figure at 38.31%, down 15.0% from the prior year.
- Gross Margin was 37.35% for Q2 2026 at Zepp Health, down from 37.71% in the prior quarter.
- The five-year high for Gross Margin was 40.61% in Q3 2024, with the low at 15.94% in Q1 2023.
- Average Gross Margin over 5 years is 31.44%, with a median of 36.48% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 417 bps in 2023, then soared 2085 bps in 2024.
- Over 5 years, Gross Margin stood at 20.7% in 2022, then soared by 68 bps to 34.74% in 2023, then advanced by 6 bps to 36.83% in 2024, then increased by 10 bps to 40.41% in 2025, then decreased by 8 bps to 37.35% in 2026.
- The last three Gross Margin figures came in at 37.35% (Q2 2026), 37.71% (Q1 2026), and 40.41% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,859.45 Bn | 4,797.05 Bn | 54.77 Bn | 50.06% |
| 2 | Garmin | 53.81 Bn | 51.14 Bn | 1.26 Bn | 62.41% |
| 3 | Vuzix | 211.42 Mn | 194.13 Mn | -645,411.00 | -57.96% |
| 4 | Zepp Health | 69.33 Mn | -328,416.31 | 23.73 Mn | 37.35% |
| 5 | Foxx Development Holdings | 17.72 Mn | 14.53 Mn | -1.45 Mn | -16.74% |
| 6 | Wearable Devices | 652,391.50 | -18.19 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.35% |
| Mar 31, 2026 | 37.71% |
| Dec 31, 2025 | 40.41% |
| Sep 30, 2025 | 38.16% |
| Jun 30, 2025 | 36.18% |
| Mar 31, 2025 | 37.27% |
| Dec 31, 2024 | 36.83% |
| Sep 30, 2024 | 40.61% |
| Jun 30, 2024 | 40.26% |
| Mar 31, 2024 | 36.79% |
| Dec 31, 2023 | 34.74% |
| Sep 30, 2023 | 33.89% |
| Jun 30, 2023 | 21.99% |
| Mar 31, 2023 | 15.94% |
| Dec 31, 2022 | 20.70% |
| Sep 30, 2022 | 19.13% |
| Jun 30, 2022 | 17.90% |
| Mar 31, 2022 | 20.11% |
| Dec 31, 2021 | 19.30% |
| Sep 30, 2021 | 20.16% |