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Zebra Technologies ZBRA Q4 2025 Annual earnings

Reported February 12, 2026 · Before market open

Revenue$1.5BBeat by $8.5M
EPS$4.33Miss by $0.01
Revenue estimate$1.5B
EPS estimate$4.34

Next report

Aug 4, 2026 (In 5 days)
Revenue estimate$1.5B
EPS estimate$4.35

Financials

Q4 2025

Income statement

See full
Revenue$1.5B+10.6%
Gross profit$698.0M+7.7%
Operating income$139.0M-38.2%
Net income$70.0M-57.1%
EPS (diluted)$1.40-55.4%

Balance sheet

See full
Cash & equivalents$125.0M-86.1%
Total debt$2.7B+14.2%
Total equity$3.6B+0.1%
Total assets$8.5B+6.7%

Cash flow

See full
Operating cash flow$357.0M+16.7%
CapEx$30.0M+66.7%
Free cash flow$327.0M+13.5%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$12.3B-38.3%
Enterprise value$14.87B-30.4%
P/E29.4×-8.4×
P/S2.3×-1.7×

Profitability

See full
Gross margin48.1%-0.4pp
Operating margin13%-1.9pp
Net margin7.8%-2.8pp
FCF margin15.4%-3.8pp

Returns & leverage

See full
Return on equity11.7%-4.3pp
Debt / equity0.8×+0.1×
Current ratio1×-0.5×

Segments

By geography

See full
North America$726.0M+11.2%
Other$472.3M+7.8%
EMEA$472.0M+9.5%
Asia Pacific$184.0M+12.2%
Latin America$93.0M+8.1%

Versus estimates

Revenue

Q2 2026$1.5BBeat by $16.7M
Q4 2025$1.5BBeat by $8.5M
Q3 2025$1.3BMiss by $145.9MQ2 2025$1.3BBeat by $2.1MQ1 2025$1.3BBeat by $17.3MQ4 2024$1.3BBeat by $16.9M

Diluted EPS

Q2 2026$4.75Beat by $0.54
Q4 2025$4.33Miss by $0.01
Q3 2025$3.88Beat by $0.13Q2 2025$3.61Beat by $0.27Q1 2025$4.02Beat by $0.42Q4 2024$4.00Beat by $0.05

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Questions, answered.

When did Zebra Technologies report Q4 2025 earnings?
Zebra Technologies (ZBRA) reported Q4 2025 earnings on February 12, 2026 before market open.
What were Zebra Technologies's Q4 2025 revenue and EPS?
Zebra Technologies reported revenue of $1.5B and eps of $4.33 for Q4 2025.
Did Zebra Technologies beat estimates in Q4 2025?
Revenue beat the consensus estimate of $1.5B by $8.5M. EPS missed the consensus estimate of $4.34 by $0.01.
How did Zebra Technologies's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.6% from $1.3B a year earlier and eps grew 8.3% from $4.00.
Where can I find Zebra Technologies's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000877212-26-000003) and the 10-K periodic report (0001628280-26-007668) directly on SEC EDGAR. The filing index links above go to sec.gov.