Motorola Solutions, Inc. (MSI)

Motorola Solutions Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Dec 31, 2025	Sep 27, 2025	Jun 28, 2025	Mar 29, 2025	Dec 31, 2024	Sep 28, 2024	Jun 29, 2024	Mar 30, 2024	Dec 31, 2023	Sep 30, 2023	Jul 1, 2023	Apr 1, 2023	Dec 31, 2022	Oct 1, 2022	Jul 2, 2022	Apr 2, 2022	Dec 31, 2021	Oct 2, 2021	Jul 3, 2021	Apr 3, 2021
Revenue	3,380	3,009	2,765	2,528	3,011	2,790	2,628	2,389	2,849	2,556	2,403	2,171	2,707	2,373	2,140	1,892	2,320	2,107	1,971	1,773
Revenue Growth (YoY)	12.26%	7.85%	5.21%	5.82%	5.69%	9.16%	9.36%	10.04%	5.25%	7.71%	12.29%	14.75%	16.68%	12.63%	8.57%	6.71%	2.07%	12.79%	21.82%	7.13%
Cost of Revenue	1,612	1,455	1,352	1,228	1,462	1,357	1,289	1,197	1,394	1,276	1,214	1,125	1,356	1,342	1,150	1,035	1,137	1,062	1,019	913
Gross Profit	1,768	1,554	1,413	1,300	1,549	1,433	1,339	1,192	1,455	1,280	1,189	1,046	1,351	1,031	990	857	1,183	1,045	952	860
Selling, General & Admin	499	485	450	436	487	439	430	397	423	380	390	368	381	378	356	338	368	351	331	303
Depreciation & Amortization Expenses	92	-	-	-	39	-	-	-	-	-	-	-	63	-	-	-	64	-	-	-
Research & Development	270	237	231	233	246	234	220	218	218	215	215	210	202	197	191	188	189	183	181	180
Other Operating Expenses	55	62	40	49	2	49	45	58	76	46	66	69	77	83	85	92	77	60	70	79
Total Operating Expenses	916	784	721	718	774	722	695	673	717	641	671	647	723	658	632	618	698	594	582	562
Operating Income	944	770	692	582	814	711	644	519	738	639	518	399	691	373	358	239	549	451	370	298
Interest Expense	-110	-86	-55	-51	-56	-58	-69	-44	-52	-53	-57	-54	-55	-60	-56	-56	-54	-56	-44	-54
Other Non-Operating Income (Expense)	26	41	43	16	30	42	5	-565	22	6	26	13	27	20	-2	36	23	10	14	45
Total Non-Operating Income (Expense)	-84	-45	-12	-35	-26	-16	-64	-609	-30	-47	-31	-41	-28	-40	-58	-20	-31	-46	-30	-9
Pretax Income	860	725	680	547	788	695	580	-90	708	592	487	358	663	333	300	219	518	405	340	289
Provision for Income Taxes	210	161	165	115	176	132	135	-52	111	127	114	79	73	53	71	-49	116	97	46	44
Net Income	649	562	513	430	611	562	443	-39	596	464	371	278	589	279	228	267	401	307	293	244
Minority Interest in Earnings	1	2	2	2	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1	1
Net Income to Common	649	562	513	430	611	562	443	-39	596	464	371	278	589	279	228	267	401	307	293	244
Net Income Growth	6.22%	-	15.80%	-	2.52%	21.12%	19.41%	-	1.19%	66.31%	62.72%	4.12%	46.88%	-9.12%	-22.18%	9.43%	-2.67%	49.76%	117.04%	23.86%
Shares Outstanding (Basic)	166	167	167	167	167	167	167	166	166	167	168	167	167	167	167	168	169	169	170	169
Shares Outstanding (Diluted)	168	169	169	170	171	171	170	166	172	172	173	173	172	172	171	173	174	174	173	173
Shares Change (YoY)	-1.93%	-1.11%	-0.88%	2.10%	-0.06%	-0.47%	-1.33%	-3.65%	-0.23%	0.12%	1.00%	-0.29%	-1.32%	-1.49%	-1.27%	-0.06%	0.40%	0.35%	-0.29%	-1.54%
EPS (Basic)	3.90	3.37	3.08	2.58	3.66	3.36	2.65	-0.23	3.58	2.78	2.21	1.66	3.52	1.67	1.36	1.59	2.38	1.81	1.73	1.44
EPS (Diluted)	3.86	3.33	3.04	2.53	3.56	3.29	2.60	-0.23	3.47	2.70	2.15	1.61	3.43	1.63	1.33	1.54	2.30	1.76	1.69	1.41
EPS Growth	8.43%	1.22%	16.92%	-	2.59%	21.85%	20.93%	-	1.17%	65.64%	61.65%	4.54%	49.13%	-7.39%	-21.30%	9.22%	-2.95%	49.15%	116.67%	25.89%
Shares Outstanding	165.7	166.7	168.3	166.9	167.1	168.4	168.2	168.3	166.2	167.4	168.3	168.9	167.5	168.6	167.9	168.6	168.7	169.1	170.3	170.6
Free Cash Flow	1,142	732	225	473	984	702	112	336	1,164	649	40	-62	1,200	318	-49	98	635	315	326	318
Free Cash Flow Growth	16.06%	4.27%	100.89%	40.77%	-15.46%	8.17%	180.00%	-	-3.00%	104.09%	-	-	88.98%	0.95%	-	-69.18%	-0.47%	-8.16%	110.32%	22.31%
Free Cash Flow Per Share	6.79	4.33	1.33	2.79	5.74	4.11	0.66	2.02	6.79	3.78	0.23	-0.36	6.98	1.85	-0.29	0.57	3.65	1.81	1.88	1.84
Dividends Per Share	1.210	1.090	1.090	1.090	1.090	0.980	0.980	0.980	0.980	0.880	0.880	0.880	0.880	0.790	0.790	0.790	0.790	0.710	0.710	0.710
Dividend Growth	11.01%	11.22%	11.22%	11.22%	11.22%	11.36%	11.36%	11.36%	11.36%	11.39%	11.39%	11.39%	11.39%	11.27%	11.27%	11.27%	11.27%	10.94%	10.94%	10.94%
Gross Margin	52.31%	51.65%	51.10%	51.42%	51.44%	51.36%	50.95%	49.90%	51.07%	50.08%	49.48%	48.18%	49.91%	43.45%	46.26%	45.30%	50.99%	49.60%	48.30%	48.51%
Operating Margin	27.93%	25.59%	25.03%	23.02%	27.03%	25.48%	24.51%	21.72%	25.90%	25.00%	21.56%	18.38%	25.53%	15.72%	16.73%	12.63%	23.66%	21.40%	18.77%	16.81%
Profit Margin	19.23%	18.74%	18.63%	17.09%	20.33%	20.18%	16.93%	-1.59%	20.95%	18.19%	15.52%	12.85%	21.80%	11.80%	10.70%	14.16%	17.33%	14.62%	14.92%	13.82%
FCF Margin	33.79%	24.33%	8.14%	18.71%	32.68%	25.16%	4.26%	14.06%	40.86%	25.39%	1.66%	-2.86%	44.33%	13.40%	-2.29%	5.18%	27.37%	14.95%	16.54%	17.94%
EBITDA	1,087	885	778	663	900	795	727	602	823	725	605	497	800	481	470	350	662	556	480	408
EBITDA Margin	32.16%	29.41%	28.14%	26.23%	29.89%	28.49%	27.66%	25.20%	28.89%	28.36%	25.18%	22.89%	29.55%	20.27%	21.96%	18.50%	28.53%	26.39%	24.35%	23.01%
EBIT	944	770	692	582	814	711	644	519	738	639	518	399	691	373	358	239	549	451	370	298
EBIT Margin	27.93%	25.59%	25.03%	23.02%	27.03%	25.48%	24.51%	21.72%	25.90%	25.00%	21.56%	18.38%	25.53%	15.72%	16.73%	12.63%	23.66%	21.40%	18.77%	16.81%
Effective Tax Rate	24.42%	22.21%	24.26%	21.02%	22.34%	18.99%	23.28%	57.78%	15.68%	21.45%	23.41%	22.07%	11.01%	15.92%	23.67%	-22.37%	22.39%	23.95%	13.53%	15.22%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q