Zebra Technologies Corporation (ZBRA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.5B | 1.48B | 1.32B | 1.29B | 1.31B | 1.33B | 1.25B | 1.22B | 1.18B | 1.01B | 956M | 1.21B | 1.41B | 1.5B | 1.38B | 1.47B | 1.43B | 1.47B | 1.44B | 1.38B |
| Revenue Growth % | 14.3% | 10.57% | 5.18% | 6.24% | 11.32% | 32.21% | 31.28% | 0.25% | -16.37% | -32.87% | -30.62% | -17.3% | -1.89% | 2.45% | -4.04% | 6.61% | 6.31% | 12.16% | 26.86% | 44.04% |
| Cost of Goods Sold | 753M | 817M | 686M | 677M | 663M | 686M | 642M | 628M | 612M | 561M | 529M | 633M | 738M | 818M | 750M | 794M | 795M | 798M | 790M | 719M |
| COGS % of Revenue | 50.37% | 55.39% | 51.97% | 52.36% | 50.69% | 51.42% | 51.16% | 51.6% | 52.09% | 55.6% | 55.33% | 52.14% | 52.53% | 54.42% | 54.43% | 54.09% | 55.52% | 54.4% | 55.01% | 52.22% |
| Gross Profit | 742M | 658M | 634M | 616M | 645M | 648M | 613M | 589M | 563M | 448M | 427M | 581M | 667M | 685M | 628M | 674M | 637M | 669M | 646M | 658M |
| Gross Margin % | 49.63% | 44.61% | 48.03% | 47.64% | 49.31% | 48.58% | 48.84% | 48.4% | 47.91% | 44.4% | 44.67% | 47.86% | 47.47% | 45.58% | 45.57% | 45.91% | 44.48% | 45.6% | 44.99% | 47.78% |
| Gross Profit Growth % | 15.04% | 1.54% | 3.43% | 4.58% | 14.56% | 44.64% | 43.56% | 1.38% | -15.59% | -34.6% | -32.01% | -13.8% | 4.71% | 2.39% | -2.79% | 2.43% | -2.75% | 8.25% | 31.03% | 57.04% |
| Operating Expenses | 527M | 436M | 451M | 433M | 450M | 423M | 422M | 422M | 404M | 374M | 439M | 387M | 442M | 425M | 426M | 819M | 425M | 446M | 409M | 411M |
| OpEx % of Revenue | 35.25% | 29.56% | 34.17% | 33.49% | 34.4% | 31.71% | 33.63% | 34.68% | 34.38% | 37.07% | 45.92% | 31.88% | 31.46% | 28.28% | 30.91% | 55.79% | 29.68% | 30.4% | 28.48% | 29.85% |
| Selling, General & Admin | 316M | 284M | 270M | 260M | 272M | 258M | 247M | 247M | 229M | 214M | 226M | 215M | 260M | 242M | 241M | 248M | 251M | 246M | 233M | 240M |
| SG&A % of Revenue | 21.14% | 19.25% | 20.45% | 20.11% | 20.8% | 19.34% | 19.68% | 20.3% | 19.49% | 21.21% | 23.64% | 17.71% | 18.51% | 16.1% | 17.49% | 16.89% | 17.53% | 16.77% | 16.23% | 17.43% |
| Research & Development | 165M | 152M | 146M | 144M | 151M | 138M | 141M | 146M | 138M | 116M | 127M | 130M | 146M | 142M | 143M | 148M | 137M | 145M | 141M | 141M |
| R&D % of Revenue | 11.04% | 10.31% | 11.06% | 11.14% | 11.54% | 10.34% | 11.24% | 12% | 11.74% | 11.5% | 13.28% | 10.71% | 10.39% | 9.45% | 10.38% | 10.08% | 9.57% | 9.88% | 9.82% | 10.24% |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 215M | 222M | 183M | 183M | 195M | 225M | 191M | 167M | 159M | 74M | -12M | 194M | 225M | 260M | 202M | -145M | 212M | 223M | 237M | 247M |
| Operating Margin % | 14.38% | 15.05% | 13.86% | 14.15% | 14.91% | 16.87% | 15.22% | 13.72% | 13.53% | 7.33% | -1.26% | 15.98% | 16.01% | 17.3% | 14.66% | -9.88% | 14.8% | 15.2% | 16.5% | 17.94% |
| Operating Income Growth % | 10.26% | -1.33% | -4.19% | 9.58% | 22.64% | 204.05% | 1691.67% | -13.92% | -29.33% | -71.54% | -105.94% | 233.79% | 6.13% | 16.59% | -14.77% | -158.7% | -22.06% | -3.46% | 58% | 107.56% |
| EBITDA | 215M | 281M | 225M | 226M | 236M | 267M | 236M | 209M | 202M | 118M | 32M | 238M | 269M | 306M | 257M | -94M | 264M | 274M | 285M | 291M |
| EBITDA Margin % | 14.38% | 19.05% | 17.05% | 17.48% | 18.04% | 20.02% | 18.8% | 17.17% | 17.19% | 11.69% | 3.35% | 19.6% | 19.15% | 20.36% | 18.65% | -6.4% | 18.44% | 18.68% | 19.85% | 21.13% |
| EBITDA Growth % | -8.9% | 5.24% | -4.66% | 8.13% | 16.83% | 126.27% | 637.5% | -12.18% | -24.91% | -61.44% | -87.55% | 353.19% | 1.89% | 11.68% | -9.82% | -132.3% | -16.46% | 0% | 54.05% | 90.2% |
| D&A (Non-Cash Add-back) | 0 | 59M | 42M | 43M | 41M | 42M | 45M | 42M | 43M | 44M | 44M | 44M | 44M | 46M | 55M | 51M | 52M | 51M | 48M | 44M |
| EBIT | 215M | 222M | 278M | 163M | 188M | 267M | 180M | 159M | 159M | -26M | -8M | 187M | 222M | 272M | 205M | 243M | 216M | 221M | 243M | 251M |
| Net Interest Income | -37M | -37M | -119M | -25M | -23M | -27M | -31M | -23M | -17M | -39M | -16M | -16M | -37M | -24M | -18M | -14M | -4M | -5M | -5M | -7M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 37M | 37M | 119M | 25M | 23M | 27M | 31M | 23M | 17M | 39M | 16M | 16M | 37M | 24M | 18M | 14M | 4M | 5M | 5M | 7M |
| Other Income/Expense | -48M | -124M | -24M | -45M | -30M | -17M | -42M | -31M | -17M | -72M | -12M | -23M | -40M | -35M | 20M | -8M | 38M | 3M | -9M | -9M |
| Pretax Income | 167M | 98M | 159M | 138M | 165M | 208M | 149M | 136M | 142M | 2M | -24M | 171M | 185M | 225M | 222M | -153M | 250M | 226M | 228M | 238M |
| Pretax Margin % | 11.17% | 6.64% | 12.05% | 10.67% | 12.61% | 15.59% | 11.87% | 11.18% | 12.09% | 0.2% | -2.51% | 14.09% | 13.17% | 14.97% | 16.11% | -10.42% | 17.46% | 15.41% | 15.88% | 17.28% |
| Income Tax | 32M | 28M | 58M | 26M | 29M | 45M | 12M | 23M | 27M | -15M | -9M | 27M | 35M | 39M | 52M | -55M | 45M | 35M | 29M | 19M |
| Effective Tax Rate % | 19.16% | 28.57% | 36.48% | 18.84% | 17.58% | 21.63% | 8.05% | 16.91% | 19.01% | -750% | 37.5% | 15.79% | 18.92% | 17.33% | 23.42% | 35.95% | 18% | 15.49% | 12.72% | 7.98% |
| Net Income | 135M | 70M | 101M | 112M | 136M | 163M | 137M | 113M | 115M | 17M | -15M | 144M | 150M | 186M | 170M | -98M | 205M | 191M | 199M | 219M |
| Net Margin % | 9.03% | 4.75% | 7.65% | 8.66% | 10.4% | 12.22% | 10.92% | 9.29% | 9.79% | 1.68% | -1.57% | 11.86% | 10.68% | 12.38% | 12.34% | -6.68% | 14.32% | 13.02% | 13.86% | 15.9% |
| Net Income Growth % | -0.74% | -57.06% | -26.28% | -0.89% | 18.26% | 858.82% | 1013.33% | -21.53% | -23.33% | -90.86% | -108.82% | 246.94% | -26.83% | -2.62% | -14.57% | -144.75% | -10.09% | -4.02% | 71.55% | 119% |
| Net Income (Continuing) | 135M | 70M | 101M | 112M | 136M | 163M | 137M | 113M | 115M | 17M | -15M | 144M | 150M | 186M | 170M | -98M | 205M | 191M | 199M | 219M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.67 | 1.39 | 1.97 | 2.19 | 2.62 | 3.14 | 2.64 | 2.18 | 2.22 | 0.33 | -0.29 | 2.78 | 2.90 | 3.58 | 3.26 | -1.88 | 3.84 | 3.55 | 3.69 | 4.07 |
| EPS Growth % | 1.91% | -55.73% | -25.38% | 0.46% | 18.02% | 851.52% | 1010.34% | -21.58% | -23.45% | -90.78% | -108.9% | 247.87% | -24.48% | 0.85% | -11.65% | -146.19% | -9% | -4.05% | 70.83% | 120% |
| EPS (Basic) | 2.68 | 1.39 | 1.99 | 2.20 | 2.64 | 3.16 | 2.66 | 2.19 | 2.24 | 0.33 | -0.29 | 2.80 | 2.92 | 3.60 | 3.28 | -1.88 | 3.87 | 3.58 | 3.72 | 4.10 |
| Diluted Shares Outstanding | 50.65M | 50.65M | 51.81M | 51.81M | 51.81M | 51.92M | 51.92M | 51.83M | 51.79M | 51.69M | 51.34M | 51.71M | 51.75M | 51.94M | 52.16M | 52.14M | 53.45M | 53.88M | 53.87M | 53.91M |
| Basic Shares Outstanding | 50.36M | 50.36M | 51.37M | 51.37M | 51.37M | 51.57M | 51.57M | 51.49M | 51.39M | 51.37M | 51.34M | 51.38M | 51.42M | 51.65M | 51.83M | 52.14M | 53.02M | 53.44M | 53.42M | 53.45M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |