Zebra Technologies Approves $1 Billion Share Buyback

The company's board authorizes additional repurchases to boost shareholder value.

Published on Feb. 12, 2026

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Zebra Technologies Corporation, a global leader in digitizing and automating workflows, announced that its Board of Directors has approved a $1 billion increase to the company's existing authorization to repurchase shares of its common stock. This brings Zebra's total remaining share repurchase authorization to over $1.1 billion.

Why it matters

The increased share repurchase authorization reflects Zebra's confidence in its ability to drive sustainable profitable growth and free cash flow generation, while advancing its industry leadership. Share buybacks are a way for the company to return capital to shareholders and boost the value of outstanding shares.

The details

Zebra has returned more than $580 million of capital to shareholders through share repurchases in 2025, and since the inception of the share repurchase program in July 2019, the company has returned over $1.7 billion to shareholders. The repurchases may be made through open market purchases or 10b5-1 plans, and the authorization does not have an expiration date.

  • Zebra's Board of Directors approved the additional $1 billion share repurchase authorization on February 12, 2026.
  • Since the inception of the share repurchase program in July 2019 through year-end 2025, Zebra has returned more than $1.7 billion of capital to shareholders.

The players

Zebra Technologies Corporation

A global leader in digitizing and automating workflows to deliver intelligent operations, serving industries such as retail, manufacturing, transportation, logistics, and healthcare.

Bill Burns

Chief Executive Officer of Zebra Technologies.

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What they’re saying

“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.”

— Bill Burns, Chief Executive Officer

What’s next

Zebra will continue to execute on its share repurchase program, with the increased $1 billion authorization providing additional flexibility to return capital to shareholders.

The takeaway

Zebra's increased share buyback program demonstrates the company's confidence in its ability to generate strong cash flow and create long-term value for its shareholders.