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Zebra Technologies Corporation has received approval from its Board of Directors for an additional $1 billion share repurchase authorization, increasing the total remaining authorization to more than $1.1 billion and underscoring confidence in the company’s long-term growth and cash flow generation.
Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows through AI-powered solutions for intelligent operations, announced that its Board of Directors has authorized an additional $1 billion for share repurchases. This latest increase builds on the original $1 billion authorization established in July 2019 and the subsequent $1 billion expansion approved in May 2022.
The enhanced authorization highlights Zebra’s disciplined approach to capital allocation, which balances reinvestment in product development, competitive positioning, and industry leadership with meaningful returns to shareholders. The company remains focused on sustainable profitable growth, strong free cash flow generation, and advancing its portfolio of connected frontline, asset visibility, and automation solutions.
“Zebra is committed to disciplined and balanced capital allocation, prioritizing investments that enhance our offerings and competitive edge, as well as the return of capital to our shareholders,” stated Bill Burns, Chief Executive Officer, Zebra Technologies. “We continue to be well positioned for sustainable profitable growth and free cash flow generation, while advancing our industry leadership. The increased share repurchase authorization reflects our Board’s confidence in Zebra’s ability to drive value creation.”
In full year 2025, Zebra returned more than $580 million to shareholders through share repurchases. Cumulatively, since the program began in July 2019 through the end of 2025, the company has returned over $1.7 billion in total capital to shareholders. Repurchases can be executed flexibly through open market transactions at management’s discretion or via structured 10b5-1 plans. The authorization carries no expiration date and may be modified, paused, or terminated by the Board at any time.
Zebra provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions powered by AI. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today while driving innovation for what's next. Together with our partners, we create new ways of working that improve productivity and empower organizations to be better every day.
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