• Zebra Technologies average gross margin for 2023 was 46.37%, a 2.07% increase from 2022.
• Zebra Technologies average gross margin for 2022 was 45.43%, a 2.74% increase from 2021.
• Zebra Technologies average gross margin for 2021 was 46.71%, a 2.98% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.