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

Filed: Nov 5, 2025Period ending Sep 30, 2025
Health Care
Orthopedic, Prosthetic & Surgical Appliances & SuppliesSEC EDGAR

Zimmer Biomet (ZBH) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Zimmer Biomet Q3 2025 10-Q Analysis

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

Zimmer Biomet Q3 2025 Quarterly Financials
XBRL

Revenue

$2.0B

+9.7% YoY -3.7% QoQ

Net Income

$231M

-7.3% YoY +51.0% QoQ

Net Margin

11.5%

-212bp YoY +418bp QoQ

Source: XBRL data from Zimmer Biomet Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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