Zebra Technologies balance sheet

At the end of fiscal 2025, Zebra Technologies had total assets of $8.50bn, total liabilities of $4.91bn and shareholders' equity of $3.59bn. It held $125m in cash against $2.51bn of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Zebra Technologies: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJul 2026
Cash and equivalents	37	46	36	65	63	394	192	156	62	44	30	168	332	105	137	901	125	157
Receivables	151	130	155	169	177	671	671	625	479	520	613	508	752	768	521	692	801	990
Inventory	80	113	133	123	121	394	397	345	455	520	474	511	491	860	804	693	729	733
Total current assets	411	592	585	711	754	1,672	1,334	1,222	1,063	1,162	1,195	1,273	1,689	1,883	1,672	2,440	1,796	2,062
Goodwill	153	80	80	95	156	2,490	2,490	2,458	2,465	2,495	2,622	2,988	3,265	3,899	3,895	3,891	4,727	4,701
Total assets	830	879	899	968	1,120	5,539	5,040	4,632	4,275	4,339	4,711	5,375	6,215	7,529	7,306	7,968	8,502	8,637
Accounts payable	28	35	33	23	35	327	289	413	424	552	552	601	700	811	456	633	695	738
Deferred revenue (current)	24	9	11	13	16	196	197	191	184	210	238	308	380	425	458	453	446	444
Total current liabilities	105	136	109	95	119	953	895	949	1,000	1,301	1,404	1,851	1,800	2,332	1,598	1,704	1,852	3,998
Short-term debt	—	—	—	—	0	4	0	0	51	157	197	364	69	214	173	79	141	2,275
Long-term debt	—	—	—	—	0	3,156	3,012	2,648	2,176	1,434	1,080	881	922	1,809	2,047	2,092	2,361	493
Total debt	0	—	0	0	0	3,161	3,012	2,703	2,249	1,600	1,286	1,252	996	2,032	2,226	2,183	2,511	2,776
Total liabilities	118	149	122	111	161	4,499	4,147	3,840	3,441	3,004	2,872	3,231	3,231	4,796	4,270	4,382	4,914	5,202
Shareholders' equity	712	730	777	857	959	1,040	893	792	834	1,335	1,839	2,144	2,984	2,733	3,036	3,586	3,588	3,435
Shares outstanding	58m	56m	52m	51m	50m	52m	—	—	—	—	—	—	—	—	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Zebra Technologies: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Apr 2026	2026 Q2Jul 2026
Receivables	642	692	617	634	655	801	733	990
Inventory	639	693	681	686	663	729	692	733
Total current assets	2,133	2,440	2,291	2,334	2,576	1,796	1,695	2,062
Goodwill	3,895	3,891	3,927	3,931	3,931	4,727	4,709	4,701
Total assets	7,690	7,968	7,899	7,938	8,067	8,502	8,332	8,637
Accounts payable	533	633	559	569	533	695	581	738
Deferred revenue (current)	432	453	464	457	456	446	434	444
Total current liabilities	1,562	1,704	1,581	1,594	1,603	1,852	1,763	3,998
Short-term debt	89	79	69	44	66	141	264	2,275
Long-term debt	2,080	2,092	2,103	2,128	2,107	2,361	2,387	493
Total debt	2,169	2,171	2,172	2,172	2,173	2,502	2,651	2,768
Total liabilities	4,269	4,382	4,273	4,321	4,320	4,914	4,862	5,202
Shareholders' equity	3,421	3,586	3,626	3,617	3,747	3,588	3,470	3,435

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Zebra Technologies's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Zebra Technologies.