Zions Bancorporation (ZION) financial statements
Zions Bancorporation reported revenue of $529M in fiscal 2025, down 15.4% a year over 9 years.
Net income was $899M.
Free cash flow was $952M, and the company returned $267M in dividends and $41M in net buybacks.
The diluted share count fell 28% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Zions Bancorporation's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B | $2.6B | $412M | $414M | $402M | $449M | $495M | $503M | $513M | $529M |
| Interest expense | $87M | $127M | $251M | $411M | $152M | $59M | $185M | $1.5B | — | — |
| Pre-tax income | $705M | $936M | $1.1B | $1.1B | $672M | $1.4B | $1.2B | $886M | $1.0B | $1.2B |
| Income tax | $236M | $344M | $259M | $237M | $133M | $317M | $245M | $206M | $228M | $276M |
| Net income | $411M | $550M | $884M | $816M | $539M | $1.1B | $907M | $680M | $784M | $899M |
| EPS (diluted) | $1.99 | $2.60 | $4.08 | $4.16 | $3.02 | $6.79 | $5.79 | $4.35 | $4.95 | $6.01 |
| Diluted shares | 204M | 210M | 207M | 187M | 166M | 160M | 150M | 148M | 147M | 147M |
| Net margin | 17.2% | 21.1% | 214.6% | 197.1% | 134.1% | 251.4% | 183.2% | 135.2% | 152.8% | 169.9% |
Balance sheet
Fiscal years, from Zions Bancorporation's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $548M | $614M | $705M | $543M | $595M | $657M | $716M | $651M | $683M |
| Property, plant and equipment | $1.0B | $1.1B | $1.1B | $1.1B | $1.2B | $1.3B | $1.4B | $1.4B | $1.4B | $1.4B |
| Goodwill | $1.0B | $1.0B | $1.0B | $1.0B | $1.0B | $1.0B | $1.0B | $1.0B | $1.0B | $1.1B |
| Total assets | $63.2B | $66.3B | $68.7B | $69.2B | $81.5B | $93.2B | $89.5B | $87.2B | $88.8B | $88.7B |
| Long-term debt | — | — | — | — | — | — | — | $542M | $950M | $1.5B |
| Total liabilities | $55.6B | $58.6B | $61.2B | $61.8B | $73.6B | $85.7B | $84.7B | $81.5B | $82.7B | $81.5B |
| Shareholders' equity | $7.6B | $7.7B | $7.6B | $7.4B | $7.9B | $7.5B | $4.9B | $5.7B | $6.1B | $7.2B |
| Net debt | — | -$548M | -$614M | -$705M | -$543M | -$595M | -$657M | -$174M | $299M | $789M |
Cash flow
Fiscal years, from Zions Bancorporation's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $596M | $928M | $1.2B | $697M | $719M | $629M | $1.5B | $885M | $1.1B | $1.1B |
| Capital spending | $196M | $169M | $129M | $117M | $171M | $206M | $190M | $113M | $97M | $121M |
| Free cash flow | $400M | $759M | $1.0B | $580M | $548M | $423M | $1.3B | $772M | $1.1B | $952M |
| Stock-based compensation | $26M | $25M | $26M | $27M | $26M | $28M | $30M | $33M | $33M | $35M |
| Dividends paid | $108M | $129M | $236M | $260M | $259M | $261M | $269M | $282M | $289M | $267M |
| Share buybacks (net) | -$97M | -$321M | -$672M | -$1.1B | -$76M | -$800M | -$202M | -$51M | -$36M | -$41M |
| Net borrowing | $200M | $2.0B | $3.0B | -$2.6B | -$910M | -$955M | $9.2B | -$6.2B | -$139M | -$230M |
| Free cash flow margin | 16.8% | 29.1% | 254.1% | 140.1% | 136.3% | 94.2% | 258.6% | 153.5% | 204.9% | 180.0% |
| Dividends per share | $0.53 | $0.62 | $1.14 | $1.39 | $1.56 | $1.63 | $1.79 | $1.91 | $1.96 | $1.81 |
Questions
What was Zions Bancorporation's revenue in 2025?
$529M in fiscal 2025, from its 10-K filing.
How much free cash flow does Zions Bancorporation generate?
$952M in fiscal 2025 (operating cash flow minus capital spending).
From Zions Bancorporation's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.