Zebra Technologies Corporation (ZBRA) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	5.8B	5.4B	5.0B	4.6B	5.8B
Cost of Revenue	3.0B	2.9B	2.6B	2.5B	3.2B
Gross Profit	2.9B	2.5B	2.4B	2.1B	2.6B
Operating Expenses
R&D Expense	622.0M	593.0M	563.0M	519.0M	570.0M
SG&A Expense	1.2B	1.1B	981.0M	915.0M	982.0M
General & Admin Expense	461.0M	433.0M	381.0M	334.0M	375.0M
Selling & Marketing Expense	707.0M	653.0M	600.0M	581.0M	607.0M
Other Expenses	128.0M	—	127.0M	208.0M	543.0M
Total Operating Expenses	1.9B	1.7B	1.7B	1.6B	2.1B
Cost and Expenses	4.9B	4.6B	4.2B	4.1B	5.3B
Operating Income (EBIT)	941.0M	800.0M	742.0M	481.0M	529.0M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	228.0M	108.0M	129.0M	133.0M	60.0M
Net Interest Income	(228.0M)	(108.0M)	(129.0M)	(133.0M)	(60.0M)
Other Non-Op Income/Expense	(232.0M)	(240.0M)	(107.0M)	(147.0M)	15.0M
Non-Operating Income (excl Interest)	4.0M	132.0M	(23.0M)	(104.0M)	(407.0M)
EBT (Pre-Tax Income)	709.0M	560.0M	635.0M	334.0M	544.0M
Income Tax Expense	170.0M	141.0M	107.0M	38.0M	81.0M
Bottom Line
Net Income	539.0M	419.0M	528.0M	296.0M	463.0M
Earnings from Cont. Ops	539.0M	419.0M	528.0M	296.0M	463.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	539.0M	419.0M	528.0M	296.0M	463.0M
Per Share
Basic EPS	$10.69	$8.24	$10.25	$5.76	$8.87
Diluted EPS	$10.63	$8.18	$10.18	$5.72	$8.81
Revenue Per Share	$116.10	$106.18	$96.73	$89.22	$110.73
Shares
Basic Shares Outstanding	50.4M	50.8M	51.5M	51.4M	52.2M
Diluted Shares Outstanding	50.7M	51.2M	51.9M	51.7M	52.6M
Profitability Metrics
EBITDA	1.2B	853.0M	937.0M	761.0M	1.1B
D&A	214.0M	185.0M	172.0M	176.0M	204.0M
EBIT	937.0M	668.0M	765.0M	585.0M	936.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jul 1, 2026