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Zebra Technologies Corporation logo
Zebra Technologies Corporation ZBRA
$ 320.27 -2.0%
report update icon

Quarterly report 2026-Q3
added 11-03-2026

Zebra Technologies Corporation Income Statement 2025-2007 | ZBRA

Brief overview of revenue and earnings at Zebra Technologies Corporation

The figures are compared over a five-year interval. Zebra Technologies Corporation reported revenue of 4.4 billion dollars in 2020 and 5.4 billion dollars by 2025. Overall revenue changed by +21.3%, equal to an annualized rate of about 3.9%. The business did not achieve meaningful top-line expansion.

Gross profit was 2 billion dollars at the start and 2.6 billion dollars at the end of the period (+29.5%). The cost base moved more slowly than the top line, which supported margins. Comparing the endpoints gives gross margins of 45% and 48.1%. The margin shift points to a more favorable sales-and-cost structure.

The five-year EBITDA result moved by +11%: from 797 million dollars to 885 million dollars. The operating result developed less favorably than sales. Comparing the endpoints gives EBITDA margins of 17.9% and 16.4%. Operating efficiency did not change materially.

The five-year change in net income was −16.9%: from $504 million to $419 million. Profit pressure may reflect higher operating, financing, or tax costs.

Market value was 20.7 billion dollars at the start and 14 billion dollars at the end. The market became more cautious about the prospects of the business.

Overall conclusion

The financial trajectory is weak and requires a cautious interpretation. Key strengths include improving gross profitability. Caution is warranted because of declining net profitability, lower investor confidence and a softer top-line trend. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement Zebra Technologies Corporation

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Market Cap

14 B 16.8 B 14.5 B 17.5 B 27.2 B 20.7 B 13.3 B 9.18 B 6.58 B 4.36 B 3.08 B 4.24 B 2.83 B 2.2 B 2.04 B 1.54 B 1.33 B 2.38 B -

Shares

50.8 M 51.5 M 51.4 M 52.2 M 53.4 M 53.4 M 54 M 53.6 M 53 M 51.6 M 51 M 50.8 M 50.7 M 51.6 M 53.9 M 57.1 M 59.3 M 64.5 M -

Historical Prices

276 326 282 335 509 388 239 174 123 83.7 60.4 83.5 55 43.3 37.8 27 22.5 37 40.2

Net Income

419 M 528 M 296 M 463 M 837 M 504 M 544 M 421 M 17 M -137 M -137 M 32.4 M 134 M 123 M 175 M 102 M 47.1 M -38.4 M -

Revenue

5.4 B 4.98 B 4.58 B 5.78 B 5.63 B 4.45 B 4.48 B 4.22 B 3.72 B 3.57 B 3.65 B 1.67 B 1.04 B 996 M 983 M - - - -

Cost of Revenue

2.8 B 2.57 B 2.46 B 3.16 B 3 B 2.44 B 2.38 B 2.24 B 2.01 B 1.93 B 2.01 B 893 M 535 M 505 M 497 M 474 M 421 M 497 M -

Gross Profit

2.59 B 2.41 B 2.12 B 2.62 B 2.63 B 2 B 2.1 B 1.98 B 1.71 B 1.64 B 1.64 B 778 M 504 M 492 M 487 M 421 M 318 M 479 M -

Operating Income

700 M 742 M 481 M 529 M 979 M 651 M 692 M 610 M 322 M 80 M 37 M 89 M 160 M 164 M 182 M 148 M 70.3 M -15.3 M -

Interest Expense

-14 M -14 M -12 M -5 M 5 M 76 M 89 M 91 M 227 M 193 M 193 M 62 M - 207 K -2.26 M -1.12 M -787 K -1.37 M -

EBITDA

885 M 914 M 657 M 733 M 1.17 B 797 M 827 M 726 M 572 M 515 M 487 M 275 M 178 M 182 M 187 M 179 M 103 M 23.2 M -

Operating Expenses

1.89 B 1.67 B 1.64 B 2.1 B 1.65 B 1.35 B 1.38 B 1.35 B 1.32 B 1.36 B 1.41 B 557 M 333 M 314 M 303 M 273 M 247 M 495 M -

General and Administrative Expenses

433 M 381 M 334 M 375 M 348 M 304 M 323 M 328 M 301 M 307 M 277 M 138 M 96.2 M 92.2 M 81.6 M 73.2 M 75.9 M 81.6 M -

All numbers in USD currency

Quarterly Income Statement Zebra Technologies Corporation

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2

Shares

47.3 M 47.7 M 49 M -224 K 50.8 M 50.9 M 51.4 M 14.1 M 51.6 M 51.5 M 51.4 M -2.82 K 51.3 M 51.4 M 51.4 M -180 K 51.8 M 52.1 M 53 M -2.84 K 53.4 M 53.4 M 53.5 M -19.5 K 53.3 M 53.2 M 53.8 M -7.8 K 54.1 M 54 M 53.9 M 74.8 M 53.7 M 53.5 M 53.3 M 57.7 M 52.2 M 52 M 51.8 M 79.7 M 51.7 M 51.5 M 51.3 M 51.2 M 51.2 M 50.9 M 50.7 M 50.5 M 50.8 M 50.6 M 50.4 M -115 K 50.6 M 50.9 M 51 M 51 M 51.6 M 51.8 M 52 M 52.1 M 53.3 M 54.5 M 55.4 M 56.3 M 56.7 M 57.5 M

Net Income

164 M 233 M 135 M 70 M 101 M 112 M 136 M 163 M 137 M 113 M 115 M 17 M -15 M 144 M 150 M 186 M 170 M -98 M 205 M 191 M 199 M 219 M 228 M 199 M 116 M 100 M 89 M 169 M 136 M 124 M 115 M 115 M 127 M 70 M 109 M 4 M -12 M 17 M 8 M 17 M -83 M -45 M -26 M -27 M -29 M -77 M -25 M -52.1 M 14.9 M 27.6 M 41.6 M 41.3 M 38.6 M 30.6 M 23.5 M 35 M 27.1 M 30.7 M 30.2 M 35 M 45 M 33 M 61.6 M 28.2 M 26.2 M 22.7 M

Revenue

1.61 B 1.56 B 1.5 B 1.48 B 1.32 B 1.29 B 1.31 B 1.33 B 1.26 B 1.22 B 1.18 B 1.01 B 956 M 1.21 B 1.4 B 1.5 B 1.38 B 1.47 B 1.43 B 1.47 B 1.44 B 1.38 B 1.35 B 1.31 B 1.13 B 956 M 1.05 B 1.19 B 1.13 B 1.1 B 1.07 B 1.14 B 1.09 B 1.01 B 977 M 1.03 B 935 M 896 M 865 M 942 M 904 M 879 M 849 M 951 M 916 M 890 M 893 M 791 M 303 M 288 M 288 M - 264 M 253 M 237 M 253 M 252 M 247 M 244 M 247 M 253 M 246 M 237 M - - -

Cost of Revenue

876 M 732 M 753 M 777 M 686 M 677 M 663 M 686 M 642 M 628 M 612 M 561 M 529 M 633 M 738 M 818 M 750 M 794 M 795 M 798 M 790 M 719 M 692 M 690 M 639 M 537 M 579 M 648 M 595 M 577 M 565 M 598 M 587 M 540 M 512 M 557 M 506 M 485 M 464 M 510 M 490 M 473 M 459 M 523 M 502 M 497 M 484 M 455 M 152 M 146 M 140 M 144 M 135 M 132 M 124 M 129 M 125 M 127 M 124 M 126 M 130 M 124 M 117 M 120 M 121 M 119 M

Gross Profit

738 M 825 M 742 M 698 M 634 M 616 M 645 M 648 M 613 M 589 M 563 M 448 M 427 M 581 M 667 M 685 M 628 M 674 M 637 M 669 M 646 M 658 M 655 M 618 M 493 M 419 M 473 M 544 M 535 M 520 M 501 M 539 M 505 M 472 M 465 M 469 M 429 M 411 M 401 M 432 M 414 M 406 M 390 M 428 M 414 M 393 M 409 M 336 M 152 M 142 M 148 M 140 M 129 M 121 M 113 M 124 M 127 M 120 M 120 M 122 M 124 M 122 M 120 M 114 M 109 M 99.4 M

Operating Income

237 M 321 M 215 M 139 M 183 M 183 M 195 M 225 M 191 M 167 M 159 M 74 M -12 M 194 M 225 M 260 M 202 M -145 M 212 M 223 M 237 M 247 M 272 M 231 M 150 M 119 M 151 M 188 M 185 M 160 M 159 M 179 M 162 M 125 M 144 M 133 M 91 M 58 M 40 M 71 M -24 M 23 M 10 M 6 M 25 M -14 M 20 M -25 M 27 M 33 M 54 M 48.8 M 46.8 M 36.2 M 28.2 M 44.1 M 38.8 M 39.5 M 42 M 42.1 M 48.9 M 46.7 M 44.4 M 43 M 40.3 M 31.9 M

Interest Expense

-1 M 1 M -11 M -1 M -2 M -9 M -2 M -1 M -2 M -8 M -17 M 57 M -16 M -16 M -37 M -53 M 21 M -3 M 30 M - -5 M -7 M - -5 M 1 M 7 M - -1 M - 3 M -1 M 8 M 1 M 2 M 1 M -1 M -4 M -1 M - -2 M -6 M -2 M -1 M -49 M -45 M -49 M -51 M -60 M - -2 M - 3.53 M -5 K 1.46 M 10 K -577 K -294 K -486 K -364 K -899 K -859 K -243 K -254 K -232 K -160 K -455 K

EBITDA

274 M 358 M 252 M 179 M 208 M 208 M 219 M 249 M 220 M 192 M 185 M 100 M 14 M 220 M 251 M 289 M 241 M -110 M 245 M 257 M 266 M 273 M 298 M 257 M 170 M 135 M 167 M 207 M 211 M 190 M 187 M 205 M 187 M 148 M 167 M 166 M 140 M 110 M 90 M 122 M 35 M 83 M 69 M 66 M 84 M 49 M 88 M 21 M 30 M 36 M 56 M 50.3 M 48.6 M 38.1 M 30 M 45.6 M 40.4 M 40.2 M 42.8 M 42.9 M 49.7 M 47.5 M 50.3 M 43.9 M 41.2 M 32.7 M

Operating Expenses

501 M 504 M 527 M 559 M 451 M 433 M 450 M 423 M 422 M 422 M 404 M 374 M 439 M 387 M 442 M 425 M 426 M 819 M 425 M 446 M 409 M 411 M 383 M 387 M 343 M 300 M 322 M 356 M 350 M 360 M 342 M 360 M 343 M 347 M 321 M 336 M 338 M 353 M 361 M 361 M 438 M 383 M 380 M 422 M 389 M 407 M 389 M 361 M 125 M 109 M 94 M 91.6 M 81.8 M 84.7 M 84.9 M 80.3 M 88.2 M 80.9 M 77.9 M 79.4 M 74.7 M 75 M 75.6 M 71.3 M 68.9 M 67.5 M

General and Administrative Expenses

122 M 114 M 127 M 109 M 111 M 102 M 111 M 107 M 96 M 97 M 81 M 78 M 88 M 69 M 99 M 87 M 92 M 97 M 99 M 89 M 85 M 92 M 82 M 85 M 71 M 74 M 74 M 79 M 78 M 90 M 76 M 89 M 75 M 93 M 71 M 87 M 71 M 68 M 75 M 82 M 74 M 77 M 74 M 80 M 67 M 70 M 66 M 59 M 25 M 26 M 28 M 24.2 M 22.5 M 24.1 M 25.3 M 21 M 22.5 M 24.4 M 24.3 M 19 M 19 M 20.7 M 22.7 M 17.8 M 18.1 M 18 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Zebra Technologies Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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