Zebra Technologies Corp (ZBRA) Financial Statements
Industry: General Industrial Machinery & Equipment
In fiscal 2025, Zebra Technologies reported revenue of $5.40B, up 8.3% from $4.98B the year before. Net income was $419.0M (a 7.8% net margin), or $8.18 per diluted share. Gross margin was 48.1% and operating margin was 13.0%. Operating activities generated $917.0M of cash, leaving $831.0M of free cash flow. At fiscal year end, Zebra Technologies held $8.50B in total assets against $4.91B in total liabilities, including $125.0M of cash and equivalents.
Open the full interactive Zebra Technologies financials → Quarterly statements, key ratios, valuation history and price charts.
Zebra Technologies Key Stats
| Share Price | $386.57 |
|---|---|
| Market Cap | $18.61B |
| P/E Ratio | 47.3 |
| Revenue YoY Growth | +8.3% |
| 52-Week Range | $199.30 – $388.12 |
| Shares Outstanding | 47.7 million (basic, 2026 Q2) |
Zebra Technologies Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.45B | $5.63B | $5.78B | $4.58B | $4.98B | $5.40B |
| Cost of Goods Sold | $2.44B | $3.00B | $3.16B | $2.46B | $2.57B | $2.80B |
| Gross Profit | $2.00B | $2.63B | $2.62B | $2.12B | $2.41B | $2.59B |
| Operating Income | $651.0M | $979.0M | $529.0M | $481.0M | $742.0M | $700.0M |
| Pre-Tax Income | $560.0M | $968.0M | $544.0M | $334.0M | $635.0M | $560.0M |
| Income Tax | $56.0M | $131.0M | $81.0M | $38.0M | $107.0M | $141.0M |
| Net Income | $504.0M | $837.0M | $463.0M | $296.0M | $528.0M | $419.0M |
| Diluted EPS | $9.35 | $15.52 | $8.80 | $5.72 | $10.18 | $8.18 |
Zebra Technologies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.32B | $1.48B | $1.50B | $1.56B |
| Net Income | $101.0M | $70.0M | $135.0M | $233.0M |
| Diluted EPS | $1.97 | $1.37 | $2.72 | $4.85 |
Zebra Technologies Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $168.0M | $332.0M | $105.0M | $137.0M | $901.0M | $125.0M |
| Current Assets | $1.27B | $1.69B | $1.88B | $1.67B | $2.44B | $1.80B |
| Total Assets | $5.38B | $6.21B | $7.53B | $7.31B | $7.97B | $8.50B |
| Current Liabilities | $1.85B | $1.80B | $2.33B | $1.60B | $1.70B | $1.85B |
| Total Long-Term Debt | $1.25B | $991.0M | $2.02B | $2.22B | $2.17B | $2.50B |
| Total Liabilities | $3.23B | $3.23B | $4.80B | $4.27B | $4.38B | $4.91B |
| Shareholders' Equity | $2.14B | $2.98B | $2.73B | $3.04B | $3.59B | $3.59B |
Zebra Technologies Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $962.0M | $1.07B | $488.0M | -$4.0M | $1.01B | $917.0M |
| Cash From Investing | -$641.0M | -$546.0M | -$968.0M | -$92.0M | -$57.0M | -$1.46B |
| Cash From Financing | -$157.0M | -$371.0M | $253.0M | $117.0M | -$190.0M | -$239.0M |
| Free Cash Flow | $895.0M | $1.01B | $413.0M | -$91.0M | $954.0M | $831.0M |
Figures from Zebra Technologies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Zebra Technologies financials page for every line item.
Zebra Technologies Company Profile
| Ticker | ZBRA |
|---|---|
| Exchange | Nasdaq |
| Industry | General Industrial Machinery & Equipment |
| Headquarters | Lincolnshire, Illinois |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000877212 |
Frequently Asked Questions
What was Zebra Technologies' revenue in fiscal 2025?
Zebra Technologies (ZBRA) reported revenue of $5.40B for fiscal 2025.
What is Zebra Technologies' annual revenue history?
Zebra Technologies' annual revenue by fiscal year: 2020: $4.45B; 2021: $5.63B; 2022: $5.78B; 2023: $4.58B; 2024: $4.98B; 2025: $5.40B.
What was Zebra Technologies' net income in fiscal 2025?
Zebra Technologies reported net income of $419.0M for fiscal 2025.
What was Zebra Technologies' earnings per share (EPS) in fiscal 2025?
Zebra Technologies' diluted EPS was $8.18 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Zebra Technologies generate in fiscal 2025?
Zebra Technologies generated $831.0M of free cash flow in fiscal 2025.
What was Zebra Technologies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Zebra Technologies reported revenue of $1.56B.
How much debt does Zebra Technologies have?
Zebra Technologies reported $2.50B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Zebra Technologies are outstanding?
Zebra Technologies reported a weighted average of 47.7 million basic shares outstanding in 2026 Q2.
What is Zebra Technologies' market cap?
Based on its latest closing price, Zebra Technologies (ZBRA) has a market capitalization of about $18.61B.
When does Zebra Technologies' fiscal year end?
Zebra Technologies' fiscal year end, as registered with the SEC, is December 31.
Where is Zebra Technologies headquartered?
Zebra Technologies lists its business address in Lincolnshire, Illinois in its SEC filings.