Motorola Solutions, Inc. (MSI)

Motorola Solutions Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	11,682	10,817	9,978	9,112	8,171
Revenue Growth (YoY)	8.00%	8.41%	9.50%	11.52%	10.21%
Cost of Revenue	5,631	5,293	5,001	4,718	4,123
Gross Profit	6,051	5,524	4,977	4,394	4,048
Selling, General & Admin	1,746	1,620	1,462	1,327	1,230
Research & Development	970	917	858	779	734
Other Operating Expenses	237	155	191	254	234
Operating Expenses	2,953	2,692	2,511	2,360	2,198
Operating Income	3,098	2,832	2,466	2,034	1,850
Interest Expense	-360	-295	-249	-240	-215
Interest & Investment Income	58	68	33	14	7
Earnings From Equity Investments	-	-	-	-3	5
Currency Exchange Gain (Loss)	-13	-17	-33	-24	-13
Other Non Operating Income (Expenses)	-	-11	5	-3	3
EBT Excluding Unusual Items	2,783	2,577	2,222	1,778	1,637
Merger & Restructuring Charges	-126	-58	-60	-206	-47
Gain (Loss) on Sale of Investments	15	-8	-3	-7	-7
Asset Writedown	-2	-8	-9	-36	-10
Legal Settlements	142	54	-4	-8	-3
Other Unusual Items	-	-585	-	-6	-18
Pretax Income	2,812	1,972	2,146	1,515	1,552
Income Tax Expense	652	390	432	148	302
Earnings From Continuing Operations	2,160	1,582	1,714	1,367	1,250
Net Income to Company	2,160	1,582	1,714	1,367	1,250
Minority Interest in Earnings	-6	-5	-5	-4	-5
Net Income	2,154	1,577	1,709	1,363	1,245
Net Income to Common	2,154	1,577	1,709	1,363	1,245
Net Income Growth	36.59%	-7.72%	25.39%	9.48%	31.19%
Shares Outstanding (Basic)	167	167	167	168	169
Shares Outstanding (Diluted)	169	171	172	172	174
Shares Change (YoY)	-1.05%	-0.76%	0.12%	-0.98%	-0.29%
EPS (Basic)	12.93	9.45	10.23	8.14	7.36
EPS (Diluted)	12.75	9.23	9.93	7.93	7.17
EPS Growth	38.14%	-7.05%	25.22%	10.60%	31.56%
Free Cash Flow	2,572	2,134	1,791	1,567	1,594
Free Cash Flow Per Share	15.22	12.49	10.41	9.12	9.18
Dividend Per Share	4.480	4.030	3.620	3.250	2.920
Dividend Growth	11.17%	11.33%	11.39%	11.30%	11.03%
Gross Margin	51.80%	51.07%	49.88%	48.22%	49.54%
Operating Margin	26.52%	26.18%	24.71%	22.32%	22.64%
Profit Margin	18.44%	14.58%	17.13%	14.96%	15.24%
Free Cash Flow Margin	22.02%	19.73%	17.95%	17.20%	19.51%
EBITDA	3,523	3,168	2,822	2,474	2,288
EBITDA Margin	30.16%	29.29%	28.28%	27.15%	28.00%
D&A For EBITDA	425	336	356	440	438
EBIT	3,098	2,832	2,466	2,034	1,850
EBIT Margin	26.52%	26.18%	24.71%	22.32%	22.64%
Effective Tax Rate	23.19%	19.78%	20.13%	9.77%	19.46%
Revenue as Reported	11,682	10,817	9,978	9,112	8,171

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q