The stable Zr isotope ratios in zircon yield a novel geochemical tracer that, together with the Lu‐Hf and U‐Pb radiogenic isotope systems, allows for a better understanding of the magmatic evolution of silicate melts. We present a solution‐based procedure for coupled stable Zr, Lu‐Hf and U‐Pb isotope ratio determinations for individual zircons using a 91Zr‐96Zr tracer purified from Hf and a late‐spiking protocol for Zr. This method yields high‐precision Zr and Hf isotope results while maintaining low blank levels for U‐Pb isotope and Lu/Hf ratio determinations. With a two‐fold improvement on the precision relative to previous solution‐based work, we report 𝛿94ZrIPGP‐Zr values (deviation of the 94Zr/90Zr ratio in the sample relative to the IPGP‐Zr reference material) and associated intermediate precisions (2s) for the zircon reference materials 91500, Mud Tank, Plešovice and Penglai of ‐0.041 ± 0.015‰, 0.018 ± 0.013‰, 0.089 ± 0.020‰ and ‐0.117 ± 0.021‰, respectively. Furthermore, our method yields un‐biased 𝛿94ZrIPGP‐Zr and 176Hf/177Hf results for 25‐ng Zr and 0.56‐ng Hf aliquots of the Mud Tank zircon with intermediate precisions (2s) of 0.027‰ and 1.7 ε (parts per ten thousand), respectively. Thus, the presented method is applicable for the analysis of extremely small and rare zircon grains.