Filing Flows › Zimmer Biomet Holdings (ZBH) › Q2 2026
Zimmer Biomet Holdings (ZBH) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Zimmer Biomet Holdings (ZBH) reported revenue of $2.2B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +4% from the quarter before. Operating margin was 15.0%, net earnings $200M (9.2% of revenue).
Zimmer Biomet Holdings, Q2 2026: revenue $2.2B (+5% year over year), operating margin 15.0%, net earnings $200M, operating cash flow $448M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +4% | +5% |
| Operating profit | $326M | -13% | +9% |
| Net earnings | $200M | -16% | +30% |
| Operating cash flow | $448M | +25% | +18% |
| Free cash flow | $308M | — | +24% |
What changed
Revenue was $2.2B in Q2 2026, up 5% year over year and up 4% from the previous quarter. Knees was the largest line at 38% of revenue. SET added $0.04B year over year (up 6%), 36% of the total change.
Operating profit was $0.33B, a 15.0% margin (up 0.5 points year over year). Of the extra revenue versus Q2 2025, 26% reached operating profit, above the 14% margin then. Total costs grew 4% against revenue growth of 5%. The fastest-growing cost line was SG&A (+10%). Net earnings were $0.20B, up 30% year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.45B (up 18% year over year), 224% of net earnings. Non-cash charges added back $0.27B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.05B. After itions to instruments ($0.09B) and itions to other property, plant and equipment ($0.05B), free cash flow as the company reports it was $0.31B.
Questions
What was Zimmer Biomet Holdings' revenue in the second quarter 2026?
Zimmer Biomet Holdings (ZBH) reported revenue of $2.2B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +4% from the quarter before.
Was Zimmer Biomet Holdings profitable in the second quarter 2026?
Operating profit was $326M (15.0% of revenue) and net earnings $200M.