Direct Answer
Zebra Technologies reported revenue of $5.4 billion for the fiscal year ended December 31, 2025, with an operating margin of 13.0% and net income of $419 million, according to its SEC filings. Revenue grew 8.3% from the prior year.
What Are Zebra Technologies's Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended December 31, 2022 |
|---|---|---|---|---|
| Revenue | $5.4 billion | $5.0 billion | $4.6 billion | $5.8 billion |
| Operating income | $700 million | $742 million | $481 million | $529 million |
| Operating margin | 13.0% | 14.9% | 10.5% | 9.2% |
| Net income | $419 million | $528 million | $296 million | $463 million |
| Net margin | 7.8% | 10.6% | 6.5% | 8.0% |
| Operating cash flow | $917 million | $1.0 billion | -$4 million | $488 million |
| Capital expenditures | $86 million | $59 million | $87 million | $75 million |
| Free cash flow | $831 million | $954 million | -$91 million | $413 million |
Operating margin narrowed by 1.9 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $831 million against net income of $419 million; cash generation covered reported earnings.
What Does Zebra Technologies's Balance Sheet Show?
| Cash and cash equivalents | $125 million |
|---|---|
| Long-term debt | $2.4 billion |
| Total assets | $8.5 billion |
| Total liabilities | $4.9 billion |
| Shareholders' equity | $3.6 billion |
| Current ratio | 1.0x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value Zebra Technologies reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-26-007668 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was Zebra Technologies's revenue in fiscal 2025?
Zebra Technologies reported revenue of $5.4 billion for the fiscal year ended December 31, 2025, according to its SEC filings.
What is Zebra Technologies's operating margin?
Zebra Technologies's operating margin was 13.0% in fiscal 2025: operating income of $700 million on revenue of $5.4 billion.
How much free cash flow did Zebra Technologies generate?
Operating cash flow of $917 million less capital expenditures of $86 million gives free cash flow of $831 million for fiscal 2025.