Zimmer Biomet

ZBH · Health Care · Market cap $18.3B

Q1 FY26 Jan 1 – Mar 31, 2026 reported May 1, 2026

Revenue$2.09B +9% year over year

Gross profit$1.51B

Operating profit$0.37B

Net profit$0.24B 11% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	2.09	100%	+9%
Knees	0.83	40%	+5%
SET	0.56	27%	+19%
Hips	0.52	25%	+6%
Technology and Data Bone Cement…	0.17	8%	+15%
Cost of revenue	−0.58	28%
Gross profit	1.51	72% margin	+1pp
SG&A	−0.85	41%	+1pp
Other	−0.29	14%	+0pp
Operating profit	0.37	18% margin	+3pp
Tax	−0.06
Interest & other costs	−0.07
Net profit	0.24	11%	+2pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.24	100%	+11%
Knees	0.91	41%	+9%
SET	0.59	26%	+20%
Hips	0.56	25%	+7%
Technology and Data Bone Cement…	0.19	8%	+9%
Cost of revenue	−0.79	35%
Gross profit	1.45	65% margin	−6pp
SG&A	−0.87	39%	+2pp
Other	−0.43	19%	+0pp
Operating profit	0.16	7% margin	−12pp
Interest & other costs	−0.06
Net profit	0.14	6%	−6pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.00	100%	+10%
Knees	0.79	40%	+6%
SET	0.54	27%	+19%
Hips	0.51	25%	+5%
Technology and Data Bone Cement…	0.16	8%	+12%
Cost of revenue	−0.56	28%
Gross profit	1.44	72% margin	+2pp
SG&A	−0.81	41%	+2pp
Other	−0.28	14%	+0pp
Operating profit	0.35	18% margin	+2pp
Tax	−0.05
Interest & other costs	−0.07
Net profit	0.23	12%	−2pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.91	100%	+1%
Knees	0.79	42%	+1%
Hips	0.50	26%	+1%
SET	0.47	25%	+4%
Technology and Data Bone Cement…	0.15	8%	−5%
Cost of revenue	−0.55	29%
Gross profit	1.36	71% margin	−2pp
SG&A	−0.76	40%	+1pp
Other	−0.31	16%	+0pp
Operating profit	0.29	15% margin	+1pp
Tax	−0.05
Interest & other costs	−0.06
Net profit	0.18	10%	+0pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jan 1 – Mar 31, 2026	May 1, 2026	$2.1B	+9%	18%	$0.24B	11%
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 20, 2026	$2.2B	+11%	7%	$0.14B	6%
Q3 FY25	Jul 1 – Sep 30, 2025	Nov 5, 2025	$2.0B	+10%	18%	$0.23B	12%
Q1 FY25	Jan 1 – Mar 31, 2025	May 5, 2025	$1.9B	+1%	15%	$0.18B	10%