ZBH · 8-K · 20260805PR335108
Segment Revenue Recast
ZIMMER BIOMET HOLDINGS, INC. · 2026-08-05 · Importance 18 · Surprise 42 · In source text
In the quarter ended March 31, 2026, Zimmer Biomet changed the composition of its operating segments based on revised responsibilities reporting to the chief operating decision maker. Foot and Ankle results in EMEA and Asia Pacific were moved into the Americas operating segment. Centralized R&D and global marketing expenses were also assigned to Americas. The filing recasts selected 2025 Form 10-K MD&A and financial-statement disclosures without updating other subsequent events or information.
Key facts
- In the Americas, operating profit increased in 2025 primarily due to the acquisition of Paragon 28 and opportunistic end-of-year customer purchases and capital sales above historic levels, but operating profit as a percentage of net sales decreased due to higher manufacturing costs and Paragon 28's lower operating profit margin. source
- In the quarter ended March 31, 2026 responsibilities of certain senior leaders changed such that Foot and Ankle business in EMEA and Asia Pacific are now included in Americas operating segment and certain centralized R&D and global marketing expenses are now included in Americas; CODM no longer reviews segment asset information. source
- The Americas segment net sales were $5,191.1 million in 2025 with segment profit $2,188.4 million (42.2% of net sales). source
- In EMEA and Asia Pacific, operating profit and operating profit as a percentage of net sales decreased in 2025 when compared to 2024 due to higher manufacturing costs (and higher bad debt expense in Asia Pacific). source
- EMEA segment net sales were $1,799.2 million in 2025 with segment profit $583.9 million (32.5% of net sales). source
- Asia Pacific segment net sales were $1,241.2 million in 2025 with segment profit $433.8 million (35.0% of net sales). source
- Company recast financial information for operating segments for years ended December 31, 2025, 2024 and 2023 to reflect the segment changes. source
- Company's CODM is the President and Chief Executive Officer and company reports through three operating segments: Americas; EMEA; and Asia Pacific. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | — | In the Americas, operating profit increased in 2025 primarily due to the acquisition of Paragon 28 and opportunistic end-of-year customer… |
| margin | negative | realized | — | In the Americas, operating profit increased in 2025 primarily due to the acquisition of Paragon 28 and opportunistic end-of-year customer… |