Zebra Technologies revenue and financials

ZBRA · NASDAQ · USD

$374.88−0.26%−$0.99

Close · October 5, 2026

In the fiscal year ended December 2025, Zebra Technologies reported revenue of $5.4B (+8.33% year over year). Net income was $419M, a net margin of 7.8%.

Annual revenue · 2025: $5.4B

$3.57B2016
$3.72B2017
$4.22B2018
$4.49B2019
$4.45B2020
$5.63B2021
$5.78B2022
$4.58B2023
$4.98B2024
$5.4B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +8.33%; 2025 vs 2024
Net income growth: −20.64%; 2025 vs 2024
Net margin: 7.8%; 2024: 10.6%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	5,396	4,981	4,584	5,781	5,627	4,448	4,485	4,218	3,722	3,574
Cost of revenue	2,803	2,568	2,461	3,157	2,999	2,445	2,385	2,237	2,012	1,932
Gross profit	2,593	2,413	2,123	2,624	2,628	2,003	2,100	1,981	1,710	1,642
Selling, general and administrative	1,086	981	915	982	—	—	—	—	—	—
Research and development	593	563	519	570	567	453	447	444	389	376
Operating income	700	742	481	529	979	651	692	610	322	80.0
EBIT	668	733	467	936	—	—	—	—	—	—
EBITDA	853	905	643	1,140	—	—	—	—	—	—
Interest expense	108	98.0	133	—	5.0	76.0	89.0	91.0	227	193
Pre-tax income	560	635	334	544	—	—	—	—	—	—
Income tax	141	107	38.0	81.0	131	56.0	54.0	103	71.0	8.0
Net income	419	528	296	463	837	504	544	421	17.0	-137
Net income to common shareholders	419	528	296	463	—	—	—	—	—	—
Basic EPS	8.24	10.25	5.75	8.86	15.66	9.43	10.08	7.86	0.33	-2.65
Diluted EPS	8.18	10.18	5.72	8.80	15.52	9.35	9.97	7.76	0.32	-2.65
Average shares (basic)	50.8	51.5	51.4	52.2	—	—	—	—	—	—
Average shares (diluted)	51.2	51.9	51.7	52.6	53.9	53.9	54.6	54.3	53.7	51.6