Zebra Technologies annual operating margin
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Zebra Technologies Operating Margin Growth & History (ZBRA)
Zebra Technologies's operating margin was 12.97% for fiscal 2025.
View full Zebra Technologies company overviewZebra Technologies annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 12.97% | −1.92 pp |
| 2024 | 2024-12-31 | 14.90% | +4.40 pp |
| 2023 | 2023-12-31 | 10.49% | +1.34 pp |
| 2022 | 2022-12-31 | 9.15% | −8.25 pp |
| 2021 | 2021-12-31 | 17.40% | +2.76 pp |
| 2020 | 2020-12-31 | 14.64% | −0.79 pp |
| 2019 | 2019-12-31 | 15.43% | +0.97 pp |
| 2018 | 2018-12-31 | 14.46% | +5.81 pp |
| 2017 | 2017-12-31 | 8.65% | +6.41 pp |
| 2016 | 2016-12-31 | 2.24% | +1.22 pp |
| 2015 | 2015-12-31 | 1.01% | −4.31 pp |
| 2014 | 2014-12-31 | 5.33% | −10.09 pp |
| 2013 | 2013-12-31 | 15.41% | −1.08 pp |
| 2012 | 2012-12-31 | 16.50% | −2.01 pp |
| 2011 | 2011-12-31 | 18.51% | +1.94 pp |
| 2010 | 2010-12-31 | 16.57% | +7.06 pp |
| 2009 | 2009-12-31 | 9.52% | +11.09 pp |
| 2008 | 2008-12-31 | −1.57% | — |
Zebra Technologies quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-07-04 | 20.62% | +6.46 pp |
| Q1 2026 | 2026-04-04 | 14.38% | −0.53 pp |
| Q4 2025 | 2025-12-31 | 9.42% | −7.44 pp |
| Q3 2025 | 2025-09-27 | 13.86% | −1.36 pp |
| Q2 2025 | 2025-06-28 | 14.15% | +0.43 pp |
| Q1 2025 | 2025-03-29 | 14.91% | +1.38 pp |
| Q4 2024 | 2024-12-31 | 16.87% | +9.53 pp |
| Q3 2024 | 2024-09-28 | 15.22% | +16.47 pp |
| Q2 2024 | 2024-06-29 | 13.72% | −2.26 pp |
| Q1 2024 | 2024-03-30 | 13.53% | −2.48 pp |
| Q4 2023 | 2023-12-31 | 7.33% | −9.96 pp |
| Q3 2023 | 2023-09-30 | −1.26% | −15.91 pp |
| Q2 2023 | 2023-07-01 | 15.98% | +25.86 pp |
| Q1 2023 | 2023-04-01 | 16.01% | +1.21 pp |
| Q4 2022 | 2022-12-31 | 17.30% | +2.10 pp |
| Q3 2022 | 2022-10-01 | 14.66% | −1.85 pp |
| Q2 2022 | 2022-07-02 | −9.88% | −27.81 pp |
| Q1 2022 | 2022-04-02 | 14.80% | −5.39 pp |
| Q4 2021 | 2021-12-31 | 15.20% | −2.46 pp |
| Q3 2021 | 2021-10-02 | 16.50% | +3.25 pp |
| Q2 2021 | 2021-07-03 | 17.94% | +5.49 pp |
| Q1 2021 | 2021-04-03 | 20.19% | +5.84 pp |
| Q4 2020 | 2020-12-31 | 17.66% | +1.89 pp |
| Q3 2020 | 2020-09-26 | 13.25% | −3.12 pp |
| Q2 2020 | 2020-06-27 | 12.45% | −2.14 pp |
| Q1 2020 | 2020-03-28 | 14.35% | −0.56 pp |
| Q4 2019 | 2019-12-31 | 15.77% | +0.03 pp |
| Q3 2019 | 2019-09-28 | 16.37% | +1.54 pp |
| Q2 2019 | 2019-06-29 | 14.59% | +2.23 pp |
| Q1 2019 | 2019-03-30 | 14.92% | +0.18 pp |
| Q4 2018 | 2018-12-31 | 15.74% | +2.78 pp |
| Q3 2018 | 2018-09-29 | 14.84% | +5.10 pp |
| Q2 2018 | 2018-06-30 | 12.35% | +5.88 pp |
| Q1 2018 | 2018-03-31 | 14.74% | +10.11 pp |
| Q4 2017 | 2017-12-31 | 12.96% | +5.43 pp |
| Q3 2017 | 2017-09-30 | 9.73% | +12.39 pp |
| Q2 2017 | 2017-07-01 | 6.47% | +3.86 pp |
| Q1 2017 | 2017-04-01 | 4.62% | +3.45 pp |
| Q4 2016 | 2016-12-31 | 7.54% | +6.91 pp |
| Q3 2016 | 2016-10-01 | −2.65% | −5.38 pp |
| Q2 2016 | 2016-07-02 | 2.62% | +4.19 pp |
| Q1 2016 | 2016-04-02 | 1.18% | −1.06 pp |
| Q4 2015 | 2015-12-31 | 0.63% | +3.72 pp |
| Q3 2015 | 2015-10-03 | 2.73% | −6.16 pp |
| Q2 2015 | 2015-07-04 | −1.57% | −13.04 pp |
| Q1 2015 | 2015-04-04 | 2.24% | −16.29 pp |
| Q4 2014 | 2014-12-31 | −3.09% | −20.25 pp |
| Q3 2014 | 2014-09-27 | 8.89% | −8.86 pp |
| Q2 2014 | 2014-06-28 | 11.46% | −2.85 pp |
| Q1 2014 | 2014-03-29 | 18.53% | +6.64 pp |
| Q4 2013 | 2013-12-31 | 17.17% | −0.26 pp |
| Q3 2013 | 2013-09-28 | 17.75% | +2.37 pp |
| Q2 2013 | 2013-06-29 | 14.32% | −1.65 pp |
| Q1 2013 | 2013-03-30 | 11.89% | −5.33 pp |
| Q4 2012 | 2012-12-31 | 17.43% | +0.39 pp |
| Q3 2012 | 2012-09-29 | 15.38% | −3.91 pp |
| Q2 2012 | 2012-06-30 | 15.97% | −3.04 pp |
| Q1 2012 | 2012-03-31 | 17.23% | −1.47 pp |
| Q4 2011 | 2011-12-31 | 17.03% | −1.35 pp |
| Q3 2011 | 2011-10-01 | 19.29% | +1.74 pp |
| Q2 2011 | 2011-07-02 | 19.01% | +4.41 pp |
| Q1 2011 | 2011-04-02 | 18.69% | +3.15 pp |
| Q4 2010 | 2010-12-31 | 18.39% | +10.80 pp |
| Q3 2010 | 2010-10-02 | 17.55% | +10.54 pp |
| Q2 2010 | 2010-07-03 | 14.60% | — |
| Q1 2010 | 2010-04-03 | 15.54% | — |
| Q3 2009 | 2009-10-03 | 7.59% | — |
| Q2 2009 | 2009-07-04 | 7.01% | — |
Zebra Technologies operating margin trends
Over the last five reported fiscal years, Zebra Technologies's operating margin decreased from 14.64% to 12.97%, a change of −1.66 percentage points. The latest reported quarter, Q2 2026, shows 20.62%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Zebra Technologies filings at SEC.gov ↗