Zepp Health (ZEPP) Gross Margin (2016 - 2026)
Zepp Health (ZEPP) posted quarterly Gross Margin of 37.71% for Q1 2026, up 44.0% year-over-year from 26.19% in Q1 2025, and down 6.69% quarter-over-quarter from 40.41% in Q4 2025.
Zepp Health (ZEPP) Gross Margin (2016 - 2026) Analysis & Trends
Zepp Health (ZEPP) has reported Gross Margin for 11 consecutive years, with 37.71% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 44.0% year-over-year to 37.71%; the TTM figure through Mar 2026 stood at 38.35% (down 23.0% YoY), while the FY2025 annual figure was 38.31%, down 15.0% from the prior year.
- Gross Margin slipped to 37.71% in Q1 2026 per ZEPP's latest filing, from 40.41% in the prior quarter.
- Across five years, Gross Margin topped out at 40.61% in Q3 2024 and bottomed at 15.94% in Q1 2023.
- Historically, Gross Margin has averaged 31.09% across 5 years, with a median of 36.18% in 2025.
- Annual changes were most pronounced in 2023 — Gross Margin slumped 417 bps — and 2024, when it jumped 2085 bps.
- Zepp Health's Gross Margin stood at 20.7% in 2022, then jumped by 68 bps to 34.74% in 2023, then rose by 6 bps to 36.83% in 2024, then climbed by 10 bps to 40.41% in 2025, then dropped by 7 bps to 37.71% in 2026.
- Business Quant data shows ZEPP's Gross Margin at 37.71% in Q1 2026, 40.41% in Q4 2025, and 38.16% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,539.83 Bn | 4,477.43 Bn | 54.77 Bn | 50.06% |
| 2 | Sony | 133.13 Bn | 119.27 Bn | 6.53 Bn | 36.70% |
| 3 | Sonos | 1.90 Bn | 1.64 Bn | 189.31 Mn | 50.45% |
| 4 | LG Display | 1.63 Bn | 486.32 Mn | 277.60 Mn | 477,322.35% |
| 5 | Zepp Health | 1.18 Bn | -101.97 Bn | 19.44 Mn | 37.71% |
| 6 | Turtle Beach | 267.71 Mn | 255.39 Mn | 11.29 Mn | 26.78% |
| 7 | Vuzix | 199.03 Mn | 177.88 Mn | 375,000.00 | 16.72% |
| 8 | Universal Electronics | 60.07 Mn | 30.24 Mn | 20.60 Mn | 26.06% |
| 9 | Axil Brands | 38.46 Mn | 32.94 Mn | 5.04 Mn | 69.12% |
| 10 | Koss | 35.59 Mn | 16.74 Mn | 1.00 Mn | 35.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 21.96% |