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Zimmer Biomet Holdings ZBH Q2 2025 earnings

Reported August 7, 2025 · Before market open

Revenue$2.1BBeat by $20.5MDiluted EPS$2.07Beat by $0.09
Revenue estimate$2.1B
EPS estimate$1.98

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$2.1B
EPS estimate$2.01

Financials

Q2 2025

Income statement

See full
Revenue$2.1B+7.0%
Gross profit$1.5B+7.0%
Operating income$300.0M-14.6%
Net income$152.8M-37.1%
EPS (diluted)$0.77-34.7%

Balance sheet

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Cash & equivalents$556.9M+32.6%
Total debt$7.6B+29.8%
Total equity$12.5B-1.7%
Total assets$22.9B+6.3%

Cash flow

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Operating cash flow$378.2M+2.4%
CapEx$50.1M-4.9%
Free cash flow$328.1M+3.6%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$18.27B-18.0%
Enterprise value$25.28B-8.7%
P/E22.2×-0.1×
P/S2.3×-0.6×

Profitability

See full
Gross margin71.1%-0.7pp
Operating margin16.1%-0.4pp
Net margin10.5%-2.7pp
FCF margin18.8%+1.9pp

Returns & leverage

See full
Return on equity6.5%-1.4pp
Debt / equity0.6×+0.1×
Current ratio1.9×+0.6×

Segments

By product

See full
Knees$826.0M+3.1%
SET$550.6M+17.3%
Hips$536.1M+5.8%
Technology And Data Bone Cement And Surgical$164.6M—

By geography

See full
Americas$1.3B+6.2%
EMEA$467.5M+8.1%
Asia Pacific$336.1M+8.3%

Versus estimates

Revenue

Q1 2026$2.1BBeat by $16.2MQ4 2025$2.2BBeat by $19.9MQ3 2025$2.0BMiss by $10.4M
Q2 2025$2.1BBeat by $20.5M
Q1 2025$1.9BBeat by $13.9MQ4 2024$2.0BBeat by $8.9M

Diluted EPS

Q1 2026$2.09Beat by $0.23Q4 2025$2.42Beat by $0.04Q3 2025$1.90Beat by $0.03
Q2 2025$2.07Beat by $0.09
Q1 2025$1.81Beat by $0.04Q4 2024$2.31Beat by $0.01

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Questions, answered.

When did Zimmer Biomet Holdings report Q2 2025 earnings?
Zimmer Biomet Holdings (ZBH) reported Q2 2025 earnings on August 7, 2025 before market open.
What were Zimmer Biomet Holdings's Q2 2025 revenue and EPS?
Zimmer Biomet Holdings reported revenue of $2.1B and diluted EPS of $2.07 for Q2 2025.
Did Zimmer Biomet Holdings beat estimates in Q2 2025?
Revenue beat the consensus estimate of $2.1B by $20.5M. EPS beat the consensus estimate of $1.98 by $0.09.
How did Zimmer Biomet Holdings's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.0% from $1.9B a year earlier and diluted EPS grew 3.0% from $2.01.
Where can I find Zimmer Biomet Holdings's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000950170-25-104989) directly on SEC EDGAR. The filing index links above go to sec.gov.