ZEBRA TECHNOLOGIES CORP Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Basic: | |||||||||||||||||
| Net income | $ | 419 | $ | 528 | $ | 296 | |||||||||||
| Weighted-average shares outstanding | 50,820,589 | 51,494,957 | 51,378,051 | ||||||||||||||
| Basic earnings per share | $ | 8.24 | $ | 10.25 | $ | 5.75 | |||||||||||
| Diluted: | |||||||||||||||||
| Net income | $ | 419 | $ | 528 | $ | 296 | |||||||||||
| Weighted-average shares outstanding | 50,820,589 | 51,494,957 | 51,378,051 | ||||||||||||||
| Dilutive shares | 391,806 | 384,752 | 332,911 | ||||||||||||||
| Diluted weighted-average shares outstanding | 51,212,395 | 51,879,709 | 51,710,962 | ||||||||||||||
| Diluted earnings per share | $ | 8.18 | $ | 10.18 | $ | 5.72 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
| 2023 | Feb 15, 2024 | |
| 2022 | Feb 16, 2023 | |
| 2021 | Feb 10, 2022 | |
| 2020 | Feb 11, 2021 | |
| 2019 | Feb 13, 2020 | |
| 2018 | Feb 14, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 27, 2017 | |
| 2015 | Feb 29, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.