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
Research & Development	593	563	519	570	567
Amortization of Goodwill & Intangibles	114	104	104	136	115
Operating Expenses	1,793	1,648	1,538	1,688	1,617
Operating Income	800	765	585	936	1,011
Interest Expense	-108	-98	-133	-	-5
Interest & Investment Income	-	-	-	23	-
Currency Exchange Gain (Loss)	-18	5	-2	-3	-5
Other Non Operating Income (Expenses)	-3	-8	-12	-5	-1
EBT Excluding Unusual Items	671	664	438	951	1,000
Merger & Restructuring Charges	-100	-23	-104	-35	-32
Gain (Loss) on Sale of Investments	-11	-6	-	-	-
Other Unusual Items	-	-	-	-372	-
Pretax Income	560	635	334	544	968
Income Tax Expense	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	5.76	8.87	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 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	14.83%	15.36%	12.76%	16.19%	17.97%
Profit Margin	7.76%	10.60%	6.46%	8.01%	14.88%
Free Cash Flow Margin	15.40%	19.15%	-1.98%	7.14%	17.95%
EBITDA	985	937	761	1,140	1,198
EBITDA Margin	18.25%	18.81%	16.60%	19.72%	21.29%
D&A For EBITDA	185	172	176	204	187
EBIT	800	765	585	936	1,011
EBIT Margin	14.83%	15.36%	12.76%	16.19%	17.97%
Effective Tax Rate	25.18%	16.85%	11.38%	14.89%	13.53%
Revenue as Reported	5,396	4,981	4,584	5,781	5,627
Advertising Expenses	-	28	31	33	35

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.