Zebra Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,396	4,981	4,584	5,781	5,627
Revenue Growth (YoY)	8.33%	8.66%	-20.71%	2.74%	26.51%
Cost of Revenue	2,803	2,568	2,461	3,157	2,999
Gross Profit	2,593	2,413	2,123	2,624	2,628
Selling, General & Admin	1,086	981	915	982	935
Depreciation & Amortization Expenses	114	104	104	136	115
Research & Development	593	563	519	570	567
Other Operating Expenses	100	23	104	407	32
Operating Income	700	742	481	529	979
Interest Expense	-108	-98	-133	23	-5
Other Non-Operating Income (Expense)	-32	-9	-14	-8	-6
Total Non-Operating Income (Expense)	-140	-107	-147	15	-11
Pretax Income	560	635	334	544	968
Provision for Income Taxes	141	107	38	81	131
Net Income	419	528	296	463	837
Net Income to Common	419	528	296	463	837
Net Income Growth	-20.64%	78.38%	-36.07%	-44.68%	66.07%
Shares Outstanding (Basic)	51	51	51	52	53
Shares Outstanding (Diluted)	51	52	52	53	54
Shares Change (YoY)	-1.29%	0.33%	-1.61%	-2.49%	-0.02%
EPS (Basic)	8.24	10.25	5.75	8.86	15.66
EPS (Diluted)	8.18	10.18	5.72	8.80	15.52
EPS Growth	-19.65%	77.97%	-35.00%	-43.30%	65.99%
Free Cash Flow	831	954	-91	413	1,010
Free Cash Flow Growth	-12.89%	-	-	-59.11%	12.85%
Free Cash Flow Per Share	16.23	18.39	-1.76	7.86	18.74
Gross Margin	48.05%	48.44%	46.31%	45.39%	46.70%
Operating Margin	12.97%	14.90%	10.49%	9.15%	17.40%
Profit Margin	7.77%	10.60%	6.46%	8.01%	14.87%
FCF Margin	15.40%	19.15%	-1.99%	7.14%	17.95%
EBITDA	885	914	657	733	1,166
EBITDA Margin	16.40%	18.35%	14.33%	12.68%	20.72%
EBIT	700	742	481	529	979
EBIT Margin	12.97%	14.90%	10.49%	9.15%	17.40%
Effective Tax Rate	25.18%	16.85%	11.38%	14.89%	13.53%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.