Zebra TechnologiesZBRAEarnings & Financial Report
Zebra Technologies Corporation (ZBR), commonly known as Zebra, is an American multinational technology conglomerate corporation specializing in smart data capture systems. Zebra is headquartered in Lincolnshire, Illinois outside of Chicago with 10,700 employees across 57 countries.
Revenue
$1.5B
Gross Profit
$698.0M
Operating Profit
$139.0M
Net Profit
$70.0M
Gross Margin
47.3%
Operating Margin
9.4%
Net Margin
4.7%
YoY Growth
10.6%
EPS
$1.40
Zebra Technologies Q4 FY2025 Financial Summary
Zebra Technologies reported revenue of $1.5B (up 10.6% YoY) for Q4 FY2025, with a net profit of $70.0M (down 57.1% YoY) (4.7% margin). Cost of goods sold was $777.0M, operating expenses totaled $559.0M.
Key Financial Metrics
| Total Revenue | $1.5B |
|---|---|
| Net Profit | $70.0M |
| Gross Margin | 47.3% |
| Operating Margin | 9.4% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Zebra Technologies Q4 FY2025 revenue of $1.5B breaks down across 2 segments, led by Tangible Products at $1.2B (82.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Tangible Products | $1.2B | 82.7% |
| Service And Software | $255.0M | 17.3% |
Zebra Technologies Revenue by Segment — Quarterly Trend
Zebra Technologies revenue by segment across the last 4 reported quarters, showing how each business line (such as Tangible Products and Service And Software) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Tangible Products | — | $1.2B | $1.1B | $1.1B |
| Service And Software | — | $255.0M | $239.0M | $238.0M |
Zebra Technologies Annual Revenue by Year
Zebra Technologies annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.4B |
| 2024 | $5.0B |
Zebra Technologies Quarterly Revenue & Net Profit History
Zebra Technologies results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.5B | +14.3% | $135.0M | 9.0% |
| Q4 FY2025 | $1.5B | +10.6% | $70.0M | 4.7% |
| Q3 FY2025 | $1.3B | +5.2% | $101.0M | 7.7% |
| Q2 FY2025 | $1.3B | +6.2% | $112.0M | 8.7% |
| Q1 FY2025 | $1.3B | +11.3% | $136.0M | 10.4% |
| Q4 FY2024 | $1.3B | +32.2% | $163.0M | 12.2% |
| Q3 FY2024 | $1.3B | +31.3% | $137.0M | 10.9% |
| Q2 FY2024 | $1.2B | -13.4% | $113.0M | 9.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.22B | $1.25B | $1.33B | $1.31B | $1.29B | $1.32B | $1.48B | $1.50B |
| YoY Growth | -13.4% | 31.3% | 32.2% | 11.3% | 6.2% | 5.2% | 10.6% | 14.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.49B | $7.69B | $7.97B | $7.90B | $7.94B | $8.07B | $8.50B | $8.33B |
| Liabilities | $4.20B | $4.27B | $4.38B | $4.27B | $4.32B | $4.32B | $4.91B | $4.86B |
| Equity | $3.29B | $3.42B | $3.59B | $3.63B | $3.62B | $3.75B | $3.59B | $3.47B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $288.0M | $294.0M | $306.0M | $178.0M | $147.0M | $235.0M | $357.0M | $176.0M |