Zebra Technologies Corporation (ZBRA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ZBRA Revenue Growth
Revenue Breakdown (FY 2024)
ZBRA's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
ZBRA Revenue Analysis (2014–2025)
As of May 6, 2026, Zebra Technologies Corporation (ZBRA) generated trailing twelve-month (TTM) revenue of $5.40 billion, reflecting strong growth of +10.6% year-over-year. The most recent quarter (Q4 2025) recorded $1.48 billion in revenue, up 11.7% sequentially.
Looking at the longer-term picture, ZBRA's 5-year compound annual growth rate (CAGR) stands at +3.9%, indicating moderate growth over time. The company achieved its highest annual revenue of $5.78 billion in 2022.
Revenue diversification analysis shows ZBRA's business is primarily driven by Enterprise Visibility Mobility, EVM (67%), and Asset Intelligence Tracking, AIT (33%). With over half of revenue concentrated in Enterprise Visibility Mobility, EVM, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including HON (-6.3% YoY), HXL (+2.4% YoY), and SAIC (-2.9% YoY), ZBRA has outperformed the peer group in terms of revenue growth. Compare ZBRA vs HON →
ZBRA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ZBRACurrent | $5.4B | +10.6% | +3.9% | 14.8% | |
 HON | $37.4B | -6.3% | +2.8% | 17.5% | |
 HXL | $1.9B | +2.4% | +4.7% | 9.1% | |
 SAIC | $7.3B | -2.9% | +0.6% | 7.1% | |
 TRMB | $3.6B | -2.6% | +2.6% | 16.9% | |
 INGR | $7.2B | -2.8% | +3.8% | 14.0% |
ZBRA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.40B | +8.3% | $2.48B | 45.9% | $800.0M | 14.8% |
| 2024 | $4.98B | +8.7% | $2.41B | 48.4% | $742.0M | 14.9% |
| 2023 | $4.58B | -20.7% | $2.12B | 46.3% | $481.0M | 10.5% |
| 2022 | $5.78B | +2.7% | $2.62B | 45.4% | $529.0M | 9.2% |
| 2021 | $5.63B | +26.5% | $2.63B | 46.7% | $979.0M | 17.4% |
| 2020 | $4.45B | -0.8% | $2.00B | 45.0% | $651.0M | 14.6% |
| 2019 | $4.49B | +6.3% | $2.10B | 46.8% | $692.0M | 15.4% |
| 2018 | $4.22B | +13.3% | $1.98B | 47.0% | $610.0M | 14.5% |
| 2017 | $3.72B | +4.1% | $1.71B | 45.9% | $322.0M | 8.7% |
| 2016 | $3.57B | -2.1% | $1.64B | 45.9% | $80.0M | 2.2% |
Full ZBRA Stock Analysis
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Start ComparisonZBRA — Frequently Asked Questions
Quick answers to the most common questions about buying ZBRA stock.
Is ZBRA's revenue growth accelerating or slowing?
ZBRA maintains +10.6% revenue growth, in line with its 5-year CAGR of +3.9%. TTM revenue stands at $5.4B. Growth rate remains consistent with historical average.
What is ZBRA's long-term revenue growth rate?
Zebra Technologies Corporation's 5-year revenue CAGR of +3.9% reflects the sustained expansion pattern. Current YoY growth of +10.6% is near this long-term average.
How is ZBRA's revenue distributed by segment?
ZBRA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.