Zebra Technologies annual free cash flow
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Zebra Technologies Free Cash Flow (FCF) History (ZBRA)
Zebra Technologies reported $831.0M in free cash flow for fiscal 2025, a decrease of 12.89% from the previous fiscal year, with a free cash flow margin of 15.40%.
View full Zebra Technologies company overviewZebra Technologies free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $831.0M | −$123.0M | −12.89% | +15.40% |
| 2024 | 2024-12-31 | $954.0M | $1.04B | — | +19.15% |
| 2023 | 2023-12-31 | −$91.0M | −$504.0M | — | −1.99% |
| 2022 | 2022-12-31 | $413.0M | −$597.0M | −59.11% | +7.14% |
| 2021 | 2021-12-31 | $1.01B | $115.0M | +12.85% | +17.95% |
| 2020 | 2020-12-31 | $895.0M | $271.0M | +43.43% | +20.12% |
| 2019 | 2019-12-31 | $624.0M | −$97.0M | −13.45% | +13.91% |
| 2018 | 2018-12-31 | $721.0M | $293.0M | +68.46% | +17.09% |
| 2017 | 2017-12-31 | $428.0M | $125.0M | +41.25% | +11.50% |
| 2016 | 2016-12-31 | $303.0M | $303.0M | — | +8.48% |
| 2015 | 2015-12-31 | $0 | −$209.0M | — | 0.00% |
| 2014 | 2014-12-31 | $209.0M | $34.2M | +19.59% | +12.51% |
| 2013 | 2013-12-31 | $174.8M | $13.9M | +8.63% | +16.84% |
| 2012 | 2012-12-31 | $160.9M | $109.5M | +213.07% | +16.15% |
| 2011 | 2011-12-31 | $51.4M | −$59.7M | −53.75% | +5.23% |
| 2010 | 2010-12-31 | $111.1M | $30.3M | +37.51% | +12.42% |
| 2009 | 2009-12-31 | $80.8M | −$16.6M | −17.03% | +10.94% |
| 2008 | 2008-12-31 | $97.4M | — | — | +9.97% |
Zebra Technologies quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-07-04 | $198.0M | $68.0M | +52.31% | +12.72% |
| Q1 2026 | 2026-04-04 | $163.0M | $5.0M | +3.16% | +10.90% |
| Q4 2025 | 2025-12-31 | $327.0M | $39.0M | +13.54% | +22.17% |
| Q3 2025 | 2025-09-27 | $216.0M | −$61.0M | −22.02% | +16.36% |
| Q2 2025 | 2025-06-28 | $130.0M | −$148.0M | −53.24% | +10.05% |
| Q1 2025 | 2025-03-29 | $158.0M | $47.0M | +42.34% | +12.08% |
| Q4 2024 | 2024-12-31 | $288.0M | $186.0M | +182.35% | +21.59% |
| Q3 2024 | 2024-09-28 | $277.0M | $326.0M | — | +22.07% |
| Q2 2024 | 2024-06-29 | $278.0M | $330.0M | — | +22.84% |
| Q1 2024 | 2024-03-30 | $111.0M | $203.0M | — | +9.45% |
| Q4 2023 | 2023-12-31 | $102.0M | −$141.0M | −58.02% | +10.11% |
| Q3 2023 | 2023-09-30 | −$49.0M | −$96.0M | — | −5.13% |
| Q2 2023 | 2023-07-01 | −$52.0M | −$135.0M | — | −4.28% |
| Q1 2023 | 2023-04-01 | −$92.0M | −$132.0M | — | −6.55% |
| Q4 2022 | 2022-12-31 | $243.0M | $31.0M | +14.62% | +16.17% |
| Q3 2022 | 2022-10-01 | $47.0M | −$237.0M | −83.45% | +3.41% |
| Q2 2022 | 2022-07-02 | $83.0M | −$217.0M | −72.33% | +5.65% |
| Q1 2022 | 2022-04-02 | $40.0M | −$174.0M | −81.31% | +2.79% |
| Q4 2021 | 2021-12-31 | $212.0M | −$201.0M | −48.67% | +14.45% |
| Q3 2021 | 2021-10-02 | $284.0M | $124.0M | +77.50% | +19.78% |
| Q2 2021 | 2021-07-03 | $300.0M | $73.0M | +32.16% | +21.79% |
| Q1 2021 | 2021-04-03 | $214.0M | $119.0M | +125.26% | +15.89% |
| Q4 2020 | 2020-12-31 | $413.0M | $165.0M | +66.53% | +31.57% |
| Q3 2020 | 2020-09-26 | $160.0M | −$51.0M | −24.17% | +14.13% |
| Q2 2020 | 2020-06-27 | $227.0M | $89.0M | +64.49% | +23.74% |
| Q1 2020 | 2020-03-28 | $95.0M | $68.0M | +251.85% | +9.03% |
| Q4 2019 | 2019-12-31 | $248.0M | −$61.0M | −19.74% | +20.81% |
| Q3 2019 | 2019-09-28 | $211.0M | $32.0M | +17.88% | +18.67% |
| Q2 2019 | 2019-06-29 | $138.0M | $3.0M | +2.22% | +12.58% |
| Q1 2019 | 2019-03-30 | $27.0M | −$71.0M | −72.45% | +2.53% |
| Q4 2018 | 2018-12-31 | $309.0M | $55.0M | +21.65% | +27.18% |
| Q3 2018 | 2018-09-29 | $179.0M | $186.0M | — | +16.39% |
| Q2 2018 | 2018-06-30 | $135.0M | $58.0M | +75.32% | +13.34% |
| Q1 2018 | 2018-03-31 | $98.0M | −$6.0M | −5.77% | +10.03% |
| Q4 2017 | 2017-12-31 | $254.0M | $154.0M | +154.00% | +24.76% |
| Q3 2017 | 2017-09-30 | −$7.0M | −$121.0M | — | −0.75% |
| Q2 2017 | 2017-07-01 | $77.0M | $65.0M | +541.67% | +8.59% |
| Q1 2017 | 2017-04-01 | $104.0M | $27.0M | +35.06% | +12.02% |
| Q4 2016 | 2016-12-31 | $100.0M | $129.0M | — | +10.62% |
| Q3 2016 | 2016-10-01 | $114.0M | $56.0M | +96.55% | +12.61% |
| Q2 2016 | 2016-07-02 | $12.0M | $51.0M | — | +1.37% |
| Q1 2016 | 2016-04-02 | $77.0M | $67.0M | +670.00% | +9.07% |
| Q4 2015 | 2015-12-31 | −$29.0M | −$128.3M | — | −3.05% |
| Q3 2015 | 2015-10-03 | $58.0M | $50.3M | +652.86% | +6.33% |
| Q2 2015 | 2015-07-04 | −$39.0M | −$93.6M | — | −4.38% |
| Q1 2015 | 2015-04-04 | $10.0M | −$37.4M | −78.89% | +1.12% |
| Q4 2014 | 2014-12-31 | $99.3M | $48.0M | +93.66% | +12.56% |
| Q3 2014 | 2014-09-27 | $7.7M | −$33.3M | −81.19% | +2.54% |
| Q2 2014 | 2014-06-28 | $54.6M | −$5.7M | −9.50% | +18.92% |
| Q1 2014 | 2014-03-29 | $47.4M | $25.2M | +113.31% | +16.44% |
| Q4 2013 | 2013-12-31 | $51.3M | $8.3M | +19.18% | +18.04% |
| Q3 2013 | 2013-09-28 | $41.0M | −$2.8M | −6.46% | +15.54% |
| Q2 2013 | 2013-06-29 | $60.3M | $15.1M | +33.53% | +23.82% |
| Q1 2013 | 2013-03-30 | $22.2M | −$6.7M | −23.14% | +9.37% |
| Q4 2012 | 2012-12-31 | $43.0M | $17.1M | +65.65% | +17.00% |
| Q3 2012 | 2012-09-29 | $43.8M | $52.9M | — | +17.37% |
| Q2 2012 | 2012-06-30 | $45.2M | $12.0M | +36.30% | +18.28% |
| Q1 2012 | 2012-03-31 | $28.9M | $3.2M | +12.41% | +11.85% |
| Q3 2011 | 2011-10-01 | $26.0M | −$1.9M | −6.93% | +10.26% |
| Q1 2011 | 2011-04-02 | −$9.1M | −$33.4M | — | −3.83% |
| Q4 2010 | 2010-12-31 | $33.1M | $9.4M | +39.77% | +14.16% |
| Q3 2010 | 2010-10-02 | $25.7M | — | — | +11.19% |
| Q2 2010 | 2010-07-03 | $27.9M | — | — | +12.78% |
| Q1 2010 | 2010-04-03 | $24.4M | — | — | +11.49% |
| Q3 2009 | 2009-10-03 | $23.7M | — | — | +11.81% |
Zebra Technologies free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $895.0M to $831.0M, a compound annual decline of 1.47%. Zebra Technologies's latest reported quarter, Q2 2026, generated $198.0M in free cash flow, an increase of 52.31% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Zebra Technologies filings at SEC.gov ↗