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Zebra Technologies Corporation (ZBRA) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · Electronic Equipment & Instruments · DATA UPDATED 2026-07-19

Zebra Technologies Corporation (ZBRA) operates in the Electronic Equipment & Instruments industry and is headquartered in Lincolnshire, United States with about 10,700 employees. Its market capitalization is roughly $12 billion. In the fiscal year ended 2025-12-31, ZBRA reported $5.4B in revenue and $419M in net income.

Zebra Technologies Corporation, together with its subsidiaries, operates in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Connected Frontline, and Asset Visibility and Automation.

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ZBRA Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$5.6B	$5.4B	$5.0B	$4.6B	$5.8B	$5.6B	$4.4B	$4.5B	$4.2B	$3.7B	$3.6B	$3.6B	$1.7B	$1.0B	$996M	$983M	$894M	$804M	$977M	$868M	$760M
Gross Profit	$2.6B	$2.5B	$2.4B	$2.1B	$2.6B	$2.6B	$2.0B	$2.1B	$2.0B	$1.7B	$1.6B	$1.6B	$778M	$503M	$492M	$487M	$421M	$361M	$479M	$417M	$358M
Gross Margin %	47.5%	45.9%	48.4%	46.3%	45.4%	46.7%	45.0%	46.8%	47.0%	45.9%	45.9%	45.0%	46.6%	48.5%	49.4%	49.5%	47.0%	44.9%	49.1%	48.0%	47.2%
Operating Income (EBIT)	$803M	$800M	$742M	$481M	$529M	$979M	$651M	$692M	$610M	$322M	$80M	$37M	$89M	$160M	$164M	$182M	$148M	$69M	($15M)	$143M	$80M
Operating Margin %	14.4%	14.8%	14.9%	10.5%	9.2%	17.4%	14.6%	15.4%	14.5%	8.6%	2.2%	1.0%	5.3%	15.4%	16.5%	18.5%	16.6%	8.6%	-1.6%	16.5%	10.6%
Net Income	$418M	$419M	$528M	$296M	$463M	$837M	$504M	$544M	$421M	$17M	($137M)	($158M)	$32M	$134M	$123M	$175M	$102M	$47M	($38M)	$110M	$71M
Net Margin %	7.5%	7.8%	10.6%	6.5%	8.0%	14.9%	11.3%	12.1%	10.0%	0.5%	-3.8%	-4.3%	1.9%	12.9%	12.3%	17.8%	11.4%	5.9%	-3.9%	12.7%	9.3%
EBITDA	$980M	$853M	$937M	$761M	$1.1B	$1.2B	$782M	$862M	$790M	$578M	$368M	$333M	$160M	$203M	$191M	$208M	$181M	$113M	$196M	$172M	$97M
Earnings Per Share (EPS)	$8.16	$8.18	$10.18	$5.72	$8.81	$15.53	$9.35	$9.96	$7.76	$0.32	$-2.66	$-3.10	$0.62	$2.62	$2.37	$3.22	$1.77	$0.79	$-0.60	$1.60	$1.00
Shares Outstanding (M)	51M	51M	52M	52M	53M	54M	54M	55M	54M	54M	52M	51M	51M	51M	52M	54M	57M	59M	65M	69M	71M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ZBRA Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$1.5B	$1.5B	$1.3B	$1.3B	$1.3B	$1.3B	$1.3B	$1.2B
Gross Profit	$742M	$658M	$634M	$616M	$645M	$648M	$613M	$589M
Gross Margin %	49.6%	44.6%	48.0%	47.6%	49.3%	48.6%	48.8%	48.4%
Operating Income (EBIT)	$215M	$222M	$183M	$183M	$195M	$225M	$191M	$167M
Operating Margin %	14.4%	15.0%	13.9%	14.1%	14.9%	16.9%	15.2%	13.7%
Net Income	$135M	$70M	$101M	$112M	$136M	$163M	$137M	$113M
Net Margin %	9.0%	4.8%	7.6%	8.7%	10.4%	12.2%	10.9%	9.3%
EBITDA	$260M	$194M	$320M	$206M	$229M	$309M	$225M	$201M
Earnings Per Share (EPS)	$2.67	$1.38	$1.95	$2.16	$2.63	$3.14	$2.64	$2.18
Shares Outstanding (M)	51M	51M	52M	52M	52M	52M	52M	52M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ZBRA Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$915M	$917M	$1.0B	($4M)	$488M	$1.1B	$962M	$685M	$785M	$478M	$372M	$103M	$240M	$195M	$183M	$80M	$140M	$106M	$125M	$158M	$88M
Capital Expenditures (CapEx)	$79M	$86M	$59M	$87M	$75M	$59M	$67M	$61M	$64M	$50M	$77M	$114M	$31M	$22M	$26M	$28M	$34M	$25M	$42M	$27M	$37M
Free Cash Flow (FCF)	$836M	$831M	$954M	($91M)	$413M	$1.0B	$895M	$624M	$721M	$428M	$295M	($12M)	$209M	$173M	$157M	$51M	$106M	$80M	$83M	$131M	$51M
FCF Margin %	15.0%	15.4%	19.1%	-2.0%	7.1%	17.9%	20.1%	13.9%	17.1%	11.5%	8.2%	-0.3%	12.5%	16.7%	15.8%	5.2%	11.9%	10.0%	8.5%	15.1%	6.7%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ZBRA Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$176M	$357M	$235M	$147M	$178M	$306M	$294M	$288M
Capital Expenditures (CapEx)	$13M	$30M	$19M	$17M	$20M	$18M	$17M	$10M
Free Cash Flow (FCF)	$163M	$327M	$216M	$130M	$158M	$288M	$277M	$278M
FCF Margin %	10.9%	22.2%	16.4%	10.1%	12.1%	21.6%	22.1%	22.8%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ZBRA Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$8.3B	$8.5B	$8.0B	$7.3B	$7.5B	$6.2B	$5.4B	$4.7B	$4.3B	$4.3B	$4.6B	$5.0B	$5.6B	$1.1B	$968M	$899M	$879M	$830M	$851M	$1.0B	$963M
Cash & Cash Equivalents	$114M	$125M	$901M	$137M	$105M	$332M	$168M	$30M	$44M	$62M	$156M	$192M	$394M	$63M	$65M	$36M	$47M	$39M	$33M	$38M	$41M
Total Liabilities	$4.9B	$4.9B	$4.4B	$4.3B	$4.8B	$3.2B	$3.2B	$2.9B	$3.0B	$3.4B	$3.8B	$4.1B	$4.5B	$161M	$111M	$122M	$149M	$118M	$140M	$132M	$85M
Total Debt (Short + Long-Term)	$2.7B	$2.5B	$2.2B	$2.3B	$2.1B	$1.0B	$1.3B	$1.3B	$1.6B	$2.2B	$2.7B	$3.0B	$3.1B	$7M	$2M	$0M	$6M	$0M	$1M	$69M	$0M
Total Shareholders' Equity	$3.5B	$3.6B	$3.6B	$3.0B	$2.7B	$3.0B	$2.1B	$1.8B	$1.3B	$834M	$792M	$913M	$1.0B	$959M	$857M	$777M	$730M	$712M	$711M	$903M	$878M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive ZBRA viewer.

Other Companies in Electronic Equipment & Instruments

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TDY · Teledyne Technologies — $30 billion

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