Zebra Technologies revenue and financials
$385.78Change from previous close: +2.69%Absolute change: +$10.12
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%.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 917 | 1,013 | -4.0 | 488 | 1,069 | 962 | 685 | 785 | 478 | 380 |
| Depreciation and amortization | 185 | 172 | 176 | 204 | 187 | 146 | 175 | 175 | 263 | 304 |
| Capital expenditure | -86.0 | -59.0 | -87.0 | -75.0 | -59.0 | -67.0 | -61.0 | -64.0 | -50.0 | -77.0 |
| Investing cash flow | -1,455 | -57.0 | -92.0 | -968 | -546 | — | — | — | — | — |
| Financing cash flow | -239 | -190 | 117 | 253 | -371 | — | — | — | — | — |
| Share repurchases | -587 | -47.0 | -52.0 | -751 | -57.0 | -200 | -47.0 | 0.0 | 0.0 | — |
| Debt issued | 347 | 651 | 440 | 1,284 | — | — | — | — | — | — |
| Debt repaid | -19.0 | -694 | -245 | -247 | — | — | — | — | — | — |
| Effect of exchange rates | 1.0 | -3.0 | 0.0 | 0.0 | — | — | — | — | — | — |
| Net change in cash | -776 | 763 | 21.0 | -227 | 152 | — | — | — | — | — |
| Free cash flow | 831 | 954 | -91.0 | 413 | 1,010 | — | — | — | — | — |
| Levered free cash flow | 659 | 808 | -8.5 | 812 | 841 | — | — | — | — | — |