ZEBRA TECHNOLOGIES CORP

For the period ended Dec 31, 2025. Filed Feb 12, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 12, 2026

ZBRA$326.71+1.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In millions, except per share data)

	Year Ended December 31,
	2025	2024	2023
Net sales:
Tangible products	$4,418	$4,016	$3,665
Services and software	978	965	919
Total Net sales	5,396	4,981	4,584
Cost of sales:
Tangible products	2,296	2,100	2,012
Services and software	507	468	449
Total Cost of sales	2,803	2,568	2,461
Gross profit	2,593	2,413	2,123
Operating expenses:
Selling and marketing	653	600	581
Research and development	593	563	519
General and administrative	433	381	334
Amortization of intangible assets	114	104	104
Acquisition and integration costs	24	6	6
Exit and restructuring costs	76	17	98
Total Operating expenses	1,893	1,671	1,642
Operating income	700	742	481
Other (loss) income, net:
Foreign exchange (loss) gain	(18)	5	(2)
Interest expense, net	(108)	(98)	(133)
Other expense, net	(14)	(14)	(12)
Total Other expense, net	(140)	(107)	(147)
Income before income tax	560	635	334
Income tax expense	141	107	38
Net income	$419	$528	$296
Basic earnings per share	$8.24	$10.25	$5.75
Diluted earnings per share	$8.18	$10.18	$5.72

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.