Zebra Technologies Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5,255	4,981	4,584	5,781	5,627	4,448
Revenue Growth (YoY)	12.86%	8.66%	-20.71%	2.74%	26.51%	-0.83%
Cost of Revenue	2,712	2,568	2,461	3,157	2,999	2,445
Gross Profit	2,543	2,413	2,123	2,624	2,628	2,003
Selling, General & Admin	1,060	981	915	982	935	787
Research & Development	579	563	519	570	567	453
Amortization of Goodwill & Intangibles	98	104	104	136	115	78
Operating Expenses	1,737	1,648	1,538	1,688	1,617	1,318
Operating Income	806	765	585	936	1,011	685
Interest Expense	-98	-98	-133	-	-5	-76
Interest & Investment Income	-	-	-	23	-	-
Currency Exchange Gain (Loss)	-4	5	-2	-3	-5	-18
Other Non Operating Income (Expenses)	-8	-8	-12	-5	-1	-2
EBT Excluding Unusual Items	696	664	438	951	1,000	589
Merger & Restructuring Charges	-20	-23	-104	-35	-32	-34
Gain (Loss) on Sale of Investments	-6	-6	-	-	-	5
Other Unusual Items	-	-	-	-372	-	-
Pretax Income	670	635	334	544	968	560
Income Tax Expense	158	107	38	81	131	56
Net Income	512	528	296	463	837	504
Net Income to Common	512	528	296	463	837	504
Net Income Growth	34.03%	78.38%	-36.07%	-44.68%	66.07%	-7.35%
Shares Outstanding (Basic)	51	51	51	52	53	53
Shares Outstanding (Diluted)	52	52	52	53	54	54
Shares Change (YoY)	-0.46%	0.33%	-1.61%	-2.49%	-0.02%	-1.25%
EPS (Basic)	10.01	10.25	5.76	8.87	15.66	9.43
EPS (Diluted)	9.93	10.18	5.72	8.80	15.52	9.35
EPS Growth	34.78%	77.97%	-35.00%	-43.30%	65.99%	-6.22%
Free Cash Flow	792	954	-91	413	1,010	895
Free Cash Flow Per Share	15.36	18.39	-1.76	7.86	18.74	16.60
Gross Margin	48.39%	48.44%	46.31%	45.39%	46.70%	45.03%
Operating Margin	15.34%	15.36%	12.76%	16.19%	17.97%	15.40%
Profit Margin	9.74%	10.60%	6.46%	8.01%	14.88%	11.33%
Free Cash Flow Margin	15.07%	19.15%	-1.98%	7.14%	17.95%	20.12%
EBITDA	974	937	761	1,140	1,198	831
EBITDA Margin	18.54%	18.81%	16.60%	19.72%	21.29%	18.68%
D&A For EBITDA	168	172	176	204	187	146
EBIT	806	765	585	936	1,011	685
EBIT Margin	15.34%	15.36%	12.76%	16.19%	17.97%	15.40%
Effective Tax Rate	23.58%	16.85%	11.38%	14.89%	13.53%	10.00%
Revenue as Reported	5,255	4,981	4,584	5,781	5,627	4,448
Advertising Expenses	-	28	31	33	35	25

Source: S&P Global Market Intelligence. Standard template. Financial Sources.