ZBRA Zebra Technologies margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 78

Gross margin

48.9%

Operating margin

14.9%

EBITDA margin

18.3%

Net margin

9.8%

For the latest period, Zebra Technologies has a gross margin of 48.9%, an operating margin of 14.9%, an EBITDA margin of 18.3%, and a net margin of 9.8%. Gross margin reported the largest year-over-year gain at 0.5 percentage points, while operating margin reported the largest decline at 0.1 percentage points.

ZBRA margin history

Gross, operating, EBITDA and net margin trends

Zebra Technologies's margins averaged 47.98% gross, 13.13% operating, 16.33% EBITDA, and 8.49% net over the last 3 years. Compared with their three-year averages, all four current margins are higher.

ZBRA margin expansion

Year-over-year margin changes in percentage points

Zebra Technologies's gross margin expanded by 0.5 percentage points, EBITDA margin by 0.5 percentage points, and net margin by 0.1 percentage points, but operating margin contracted by 0.1 percentage points.

Gross margin expansion

0.5pp

Operating margin expansion

-0.1pp

EBITDA margin expansion

0.5pp

Net margin expansion

0.1pp

ZBRA Gross margin

Reviewing the last 3 years, Zebra Technologies recorded an average gross margin of 47.98%. Zebra Technologies's current gross margin is 48.9% and is 0.9 percentage points above its three-year average. The highest gross margin for Zebra Technologies was 49.6% in Jul 2026, while the lowest was 46.3% in Dec 2023.

ZBRA Operating margin

Over the last 3 years, Zebra Technologies recorded an average operating margin of 13.13%. The current operating margin stands at 14.9%, 1.8 percentage points above its three-year average. The highest operating margin for Zebra Technologies was 15.3% in Jun 2025, while the lowest was 8.9% in Jun 2024.

ZBRA EBITDA margin

The average EBITDA margin for Zebra Technologies was 16.33% across the past 3 years. Right now, the current EBITDA margin for Zebra Technologies is 18.3%, 2 percentage points above its three-year average. The EBITDA margin for Zebra Technologies moved between 12.6% in Jun 2024 and 18.3% in Oct 2026.

ZBRA Net margin

Over the last 3 years, Zebra Technologies's net margin averaged 8.49%. The current net margin of 9.8% is 1.3 percentage points above its three-year average. During this period, net margin reached a high of 10.7% in Mar 2025 and a low of 5.3% in Jun 2024.

ZBRA margin group comparison

Margins compared with peer-group, industry and sector averages

Zebra Technologies's gross margin of 48.9% is above the industry and its peers average but below the Technology sector average. Compared to its Technology sector average of 52.4%, Zebra Technologies's gross margin is 7% lower.

ZBRA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Zebra Technologies's gross margin?

As of Oct 3, 2026, ZBRA has a gross margin of 48.9%.

What is Zebra Technologies's operating margin?

The current operating margin for ZBRA is 14.9% as of Oct 3, 2026.

What is Zebra Technologies's EBITDA margin?

The current EBITDA margin for ZBRA is 18.3% as of Oct 3, 2026.

What is Zebra Technologies's net margin?

As of Oct 3, 2026, ZBRA has a net margin of 9.8%.

What are the average margins of ZBRA?

Zebra Technologies's average margins over the last 3 years were 48.0% gross, 13.1% operating, 16.3% EBITDA, and 8.5% net.

What are the highest historical margins of ZBRA?

Across the 5-year period, ZBRA posted its highest margins at 49.6% gross in Jul 2026, 17.4% operating in Dec 2021, 20.6% EBITDA in Dec 2021, and 14.9% net in Dec 2021.

What are the lowest historical margins of ZBRA?

Over the last 5 years, Zebra Technologies's lowest margins were 45.3% gross in Jul 2022, 8.6% operating in Oct 2022, 12.2% EBITDA in Oct 2022, and 5.3% net in Jun 2024.