10-Q quarterly report · filed Nov 5, 2025

Zimmer Biomet (ZBH) Q3 2025 10-Q Quarterly Report

Short answer

Zimmer Biomet (ZBH) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $2.0B (up 9.7% year over year) with net income of $231M.

Q3 2025 key financials · XBRL

Revenue
$2.0B
+9.7% YoY · −3.7% QoQ
Net income
$231M
−7.3% YoY · +51.0% QoQ
Operating margin
17.6%
EPS (diluted)
$1.16
−5.7% YoY · +50.6% QoQ

Source: XBRL data from the Zimmer Biomet (ZBH) Q3 2025 10-Q on SEC EDGAR. USD.

Zimmer Biomet Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $2.001B Q3 2025, up 9.7% vs $1.824B Q3 2024; Nine months $5.988B, up 5.9% vs $5.655B 2024
  • Operating profit margin Q3 17.6% vs 15.3% YoY; Nine months 15.8% vs 15.9% YoY (slight decrease)
  • Best segment: Americas Q3 operating margin 51.6% vs 53.3% YoY, worst: EMEA 29.2% vs 32.9% YoY
  • Cash $1.293B as of Sept 30, 2025; operating cash flow $1.180B nine months, financing cash inflow $1.223B due to senior notes issuance
  • Management expects full year 2025 revenue growth 6.7%-7.7%, earnings decline due to acquisition costs, inflation, tariffs, higher interest, tax rate increase

Risk Factors

  • No new or changed risk factors since 2024 Form 10-K disclosed in this 10-Q
  • Continued exposure to product liability and regulatory compliance risks from medical device industry regulations
  • Ongoing market risk from global healthcare budget constraints and competitive orthopedic device market
  • Operational risk from supply chain disruptions impacting product availability and manufacturing timelines
  • Financial risk includes potential impact from foreign currency fluctuation on international sales and earnings

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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