ZEBRA TECHNOLOGIES CORP
Business
Zebra Technologies is a global leader in automatic identification and data capture (AIDC) that designs, manufactures, and sells mobile computers, barcode scanners, RFID readers, thermal printers, machine vision systems, and related software and services. Products serve retail, manufacturing, transportation, logistics, healthcare, and hospitality sectors through direct sales and a network of over 10,000 channel partners across 179 countries. The company operates two reportable segments: Connected Frontline (mobile computing, self-service solutions, workflow optimization software) and Asset Visibility and Automation (barcode and card printing, data capture, RFID, machine vision, and supplies).
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total Net sales | 5,396 | 4,981 | 4,584 | 5,781 | 5,627 | |
| Total Cost of sales | 2,803 | 2,568 | 2,461 | 3,157 | 2,999 | |
| Gross profit | 2,593 | 2,413 | 2,123 | 2,624 | 2,628 | |
| Selling and marketing | 653 | 600 | 581 | 607 | 587 | |
| Research and development | 593 | 563 | 519 | 570 | 567 | |
| General and administrative | 433 | 381 | 334 | 375 | 348 | |
| Amortization of intangible assets | 114 | 104 | 104 | 136 | 115 | |
| Acquisition and integration costs | 24 | 6 | 6 | 21 | 25 | |
| Exit and restructuring costs | 76 | 17 | 98 | 14 | 7 | |
| Total Operating expenses | 1,893 | 1,671 | 1,642 | 2,095 | 1,649 | |
| Operating income | 700 | 742 | 481 | 529 | 979 | |
| Foreign exchange (loss) gain | −18 | 5 | −2 | −3 | −5 | |
| Interest expense, net | −108 | −98 | −133 | 23 | −5 | |
| Other expense, net | −14 | −14 | −12 | −5 | −1 | |
| Total Other expense, net | −140 | −107 | −147 | 15 | −11 | |
| Income before income tax | 560 | 635 | 334 | 544 | 968 | |
| Income tax expense | 141 | 107 | 38 | 81 | 131 | |
| Net income | 419 | 528 | 296 | 463 | 837 | |
| Basic earnings per share (in USD per share) | 8.24 | 10.25 | 5.75 | 8.86 | 15.66 | |
| Diluted earnings per share (in USD per share) | 8.18 | 10.18 | 5.72 | 8.8 | 15.52 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 125 | 901 | 137 | 105 | 332 | |
| Accounts receivable, net of allowances for doubtful accounts of $1 million each as of December 31, 2025 and 2024 | 801 | 692 | 521 | 768 | 752 | |
| Inventories, net | 729 | 693 | 804 | 860 | 491 | |
| Income tax receivable | 31 | 20 | 63 | 26 | 8 | |
| Prepaid expenses and other current assets | 110 | 134 | 147 | 124 | 106 | |
| Total Current assets | 1,796 | 2,440 | 1,672 | 1,883 | 1,689 | |
| Property, plant and equipment, net | 353 | 305 | 309 | 278 | 272 | |
| Right-of-use lease assets | 166 | 167 | 169 | 156 | 131 | |
| Goodwill | 4,727 | 3,891 | 3,895 | 3,899 | 3,265 | |
| Other intangibles, net | 809 | 422 | 527 | 630 | 469 | |
| Deferred income taxes | 414 | 512 | 438 | 407 | 192 | |
| Other long-term assets | 237 | 231 | 296 | 276 | 197 | |
| Total Assets | 8,502 | 7,968 | 7,306 | 7,529 | 6,215 | |
| Current portion of long-term debt | 141 | 79 | 173 | 214 | 69 | |
| Accounts payable | 695 | 633 | 456 | 811 | 700 | |
| Accrued liabilities | 558 | 503 | 504 | 744 | 639 | |
| Deferred revenue | 446 | 453 | 458 | 425 | 380 | |
| Income taxes payable | 12 | 36 | 7 | 138 | 12 | |
| Total Current liabilities | 1,852 | 1,704 | 1,598 | 2,332 | 1,800 | |
| Long-term debt | 2,361 | 2,092 | 2,047 | 1,809 | 922 | |
| Long-term lease liabilities | 157 | 155 | 152 | 139 | 121 | |
| Deferred income taxes | 32 | 57 | 67 | 75 | 6 | |
| Long-term deferred revenue | 396 | 304 | 312 | 333 | 315 | |
| Other long-term liabilities | 116 | 70 | 94 | 108 | 67 | |
| Total Liabilities | 4,914 | 4,382 | 4,270 | 4,796 | 3,231 | |
| Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued | 0 | 0 | 0 | 0 | 0 | |
| Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares | 1 | 1 | 1 | 1 | 1 | |
| Additional paid-in capital | 814 | 669 | 615 | 561 | 462 | |
| Treasury stock at cost, 22,558,911 and 20,645,798 shares as of December 31, 2025 and 2024, respectively | −2,488 | −1,900 | −1,858 | −1,799 | −1,023 | |
| Retained earnings | 5,279 | 4,860 | 4,332 | 4,036 | 3,573 | |
| Accumulated other comprehensive loss | −18 | −44 | −54 | −66 | −29 | |
| Total Stockholders Equity | 3,588 | 3,586 | 3,036 | 2,733 | 2,984 | |
| Total Liabilities and Stockholders Equity | 8,502 | 7,968 | 7,306 | 7,529 | 6,215 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 185 | 172 | 176 | 204 | 187 | |
| Impairment of goodwill, intangibles and other assets | 45 | 0 | 0 | — | — | |
| Equity-settled share-based compensation | 163 | 89 | 55 | 88 | 76 | |
| Deferred income taxes | 21 | −94 | −36 | −210 | −69 | |
| Unrealized gain on forward interest rate swaps | 0 | −31 | −9 | −83 | −30 | |
| Other, net | 14 | 14 | 3 | 5 | 1 | |
| Accounts receivable, net | −39 | −181 | 249 | −5 | −239 | |
| Inventories, net | 54 | 105 | 50 | −341 | 18 | |
| Other assets | 6 | 9 | −25 | −48 | −23 | |
| Accounts payable | 1 | 176 | −365 | 92 | 96 | |
| Accrued liabilities | −29 | 131 | −97 | −51 | 110 | |
| Deferred revenue | 75 | −13 | 12 | 60 | 113 | |
| Income taxes | −1 | 68 | −168 | 108 | 1 | |
| Settlement liability | 0 | −45 | −180 | 225 | 0 | |
| Cash receipts on forward interest rate swaps | 0 | 86 | 26 | −6 | — | |
| Other operating activities | 3 | −1 | 9 | −13 | −9 | |
| Net cash provided by (used in) operating activities | 917 | 1,013 | −4 | 488 | 1,069 | |
| Acquisition of businesses, net of cash acquired | −1,365 | 0 | 0 | −881 | −452 | |
| Purchases of property, plant and equipment | −86 | −59 | −87 | −75 | −59 | |
| Proceeds from sale (purchases) of short-term investments | 0 | 5 | −4 | 0 | — | |
| Proceeds from the sale of long-term investments | 1 | 0 | 0 | 0 | 0 | |
| Purchases of long-term investments | −5 | −3 | −1 | −12 | −34 | |
| Net cash used in investing activities | −1,455 | −57 | −92 | −968 | −546 | |
| Proceeds from issuance of debt | 347 | 651 | 440 | 1,284 | 46 | |
| Payments of debt | −19 | −694 | −245 | −247 | −303 | |
| Payment of debt issuance costs, extinguishment costs and discounts | 0 | −9 | 0 | −8 | 0 | |
| Payments for repurchases of common stock | −587 | −47 | −52 | −751 | −57 | |
| Net payments related to share-based compensation plans | −14 | −30 | −8 | −14 | −56 | |
| Change in unremitted cash collections from servicing factored receivables | 34 | −61 | −18 | −11 | −1 | |
| Net cash (used in) provided by financing activities | −239 | −190 | 117 | 253 | −371 | |
| Effect of exchange rate changes on cash and cash equivalents, including restricted cash | 1 | −3 | 0 | 0 | 0 | |
| Net (decrease) increase in cash and cash equivalents, including restricted cash | −776 | 763 | 21 | −227 | 152 | |
| Income taxes paid | 134 | 124 | 252 | 168 | 199 | |
| Interest paid, net of forward interest rate swaps | 129 | 55 | 111 | 58 | 32 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ZEBRA TECHNOLOGIES CORP's CIK number?
ZEBRA TECHNOLOGIES CORP's SEC CIK number is 0000877212 (877212). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ZEBRA TECHNOLOGIES CORP's SEC filings?
All of ZEBRA TECHNOLOGIES CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ZEBRA TECHNOLOGIES CORP last report earnings?
ZEBRA TECHNOLOGIES CORP (ZBRA) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-033877). This is ZEBRA TECHNOLOGIES CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is ZEBRA TECHNOLOGIES CORP's most recent earnings 8-K?
ZEBRA TECHNOLOGIES CORP's latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001628280-26-033877. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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