How Zimmer Biomet Holdings makes money

Period

FY2025

How does Zimmer Biomet Holdings make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Zimmer Biomet Holdings Inc. · FY2025 · year ended 2025-12-31

Revenue$8.2BGross profit$5.7B · 70%Cost of revenue$2.5B · 30%Operating income$1.1B · 13%Operating expenses$4.6B · 56%R&D$459M · 6%SG&A$3.3B · 40%Other opex$924M · 11%Pre-tax income$831M · 10%Other expense$267M · 3%Net income$705M · 9%Income tax$126M · 2%Knees$3.3B · 40%SET$2.2B · 26%Hips$2.1B · 25%Technology & Data Bone Cement & Surgical$666M · 8%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.