ZEBRA TECHNOLOGIES CORP
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.0B | $4.6B | $5.8B | $5.6B |
| Gross profit | $2.6B | $2.4B | $2.1B | $2.6B | $2.6B |
| Operating income | $700.0M | $742.0M | $481.0M | $529.0M | $979.0M |
| Operating expenses | $1.9B | $1.7B | $1.6B | $2.1B | $1.6B |
| Cost of revenue | $2.8B | $2.6B | $2.5B | $3.2B | $3.0B |
| Cash from operations | $917.0M | $1.0B | -$4.0M | $488.0M | $1.1B |
| Capital expenditure | $86.0M | $59.0M | $87.0M | $75.0M | $59.0M |
| Free cash flow | $831.0M | $954.0M | -$91.0M | $413.0M | $1.0B |
| Share repurchases | $587.0M | $47.0M | $52.0M | $751.0M | $57.0M |
| Impairments | $45.0M | $0 | $0 | — | — |
| Total assets | $8.5B | $8.0B | $7.3B | $7.5B | $6.2B |
| Total liabilities | $4.9B | $4.4B | $4.3B | $4.8B | $3.2B |
| Total debt | $2.5B | $2.2B | $2.2B | $2.0B | $996.0M |
Shares outstanding 47.6M · Free float 97.8%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.