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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 211 | 176 | 357 | 235 | 147 | 178 | 306 | 294 | 288 | 125 | 141 | -35.0 |
| Depreciation and amortization | 57.0 | 56.0 | 59.0 | 42.0 | 43.0 | 41.0 | 42.0 | 45.0 | 42.0 | 43.0 | 44.0 | 44.0 |
| Capital expenditure | -13.0 | -13.0 | -30.0 | -19.0 | -17.0 | -20.0 | -18.0 | -17.0 | -10.0 | -14.0 | -39.0 | -14.0 |
| Investing cash flow | -13.0 | -2.0 | -1,334 | -22.0 | -17.0 | -82.0 | -15.0 | -17.0 | -14.0 | -11.0 | -43.0 | -14.0 |
| Financing cash flow | -156 | -185 | 47.0 | -29.0 | -138 | -119 | -63.0 | -12.0 | 9.0 | -124 | -23.0 | 43.0 |
| Share repurchases | -268 | -300 | -303 | -34.0 | -125 | -125 | -31.0 | -16.0 | — | — | — | — |
| Debt issued | 139 | 186 | 347 | — | — | — | — | — | 500 | 151 | -29.0 | 101 |
| Debt repaid | -22.0 | -37.0 | -19.0 | — | — | — | — | — | -410 | -284 | -24.0 | -38.0 |
| Effect of exchange rates | 1.0 | — | 2.0 | -3.0 | 1.0 | 1.0 | -3.0 | — | 1.0 | -1.0 | 2.0 | -1.0 |
| Net change in cash | 43.0 | -11.0 | -928 | 181 | -7.0 | -22.0 | 225 | 265 | 284 | -11.0 | 77.0 | -7.0 |
| Free cash flow | 198 | 163 | 327 | 216 | 130 | 158 | 288 | 277 | 278 | 111 | 102 | -49.0 |
| Levered free cash flow | 131 | 97.9 | 214 | 55.3 | 115 | 197 | 266 | 257 | 122 | 117 | 125 | -49.0 |