Zebra Technologies (ZBRA) financials
Zebra Technologies revenue and earnings by year
Zebra Technologies's revenue was $5.40 billion in the fiscal year to December 31, 2025, up 8.3% from the year before. Net income was $419 million, 7.8% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 4.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.40 | 4.98 | 4.58 | 5.78 | 5.63 | 4.45 | 4.49 | 4.22 | 3.72 | 3.57 |
| Revenue growth | 8.3% | 8.7% | -20.7% | 2.7% | 26.5% | -0.8% | 6.3% | 13.3% | 4.1% | — |
| Gross profit | 2.59 | 2.41 | 2.12 | 2.62 | 2.63 | 2.00 | 2.10 | 1.98 | 1.71 | 1.64 |
| Gross margin | 48.1% | 48.4% | 46.3% | 45.4% | 46.7% | 45.0% | 46.8% | 47.0% | 45.9% | 45.9% |
| Operating income | 0.70 | 0.74 | 0.48 | 0.53 | 0.98 | 0.65 | 0.69 | 0.61 | 0.32 | 0.08 |
| Operating margin | 13.0% | 14.9% | 10.5% | 9.2% | 17.4% | 14.6% | 15.5% | 14.5% | 8.7% | 2.2% |
| Net income | 0.42 | 0.53 | 0.30 | 0.46 | 0.84 | 0.50 | 0.54 | 0.42 | 0.02 | -0.14 |
| Net margin | 7.8% | 10.6% | 6.5% | 8.0% | 14.9% | 11.3% | 12.1% | 10.0% | 0.5% | -3.8% |
| Diluted EPS | $8.18 | $10.18 | $5.72 | $8.80 | $15.52 | $9.36 | $9.98 | $7.75 | $0.32 | -$2.65 |
| Free cash flow | 0.83 | 0.95 | -0.09 | 0.41 | 1.01 | 0.90 | 0.62 | 0.72 | 0.43 | 0.30 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ZBRA in Markets.
How Zebra Technologies makes money
Revenue by segment in the quarter to July 4, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Connected Frontline | $903M | 58.0% |
| Asset Visibility & Automation | $654M | 42.0% |
See also: ZBRA valuation and P/E history · ZBRA returns
No forecast, no recommendation. This page describes Zebra Technologies from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.