Motorola Solutions, Inc. (MSI)
NYSE: MSI · Real-Time Price · USD
535.22
+7.84 (1.49%)
At close: Nov 11, 2026, 4:00 PM EST
535.35
+0.13 (0.02%)
After-hours: Nov 11, 2026, 7:33 PM EST
Motorola Solutions Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 12,603 | 11,682 | 10,817 | 9,978 | 9,112 | 8,171 | |
Revenue Growth | 11.40% | 8.00% | 8.41% | 9.50% | 11.52% | 10.21% |
Cost of Revenue | 6,081 | 5,631 | 5,293 | 5,001 | 4,718 | 4,123 |
Gross Profit | 6,522 | 6,051 | 5,524 | 4,977 | 4,394 | 4,048 |
Selling, General & Admin | 1,830 | 1,746 | 1,620 | 1,462 | 1,327 | 1,230 |
Research & Development | 1,058 | 970 | 917 | 858 | 779 | 734 |
Other Operating Expenses | 555 | 237 | 155 | 191 | 254 | 234 |
Operating Expenses | 3,443 | 2,953 | 2,692 | 2,511 | 2,360 | 2,198 |
Operating Income | 3,079 | 3,098 | 2,832 | 2,466 | 2,034 | 1,850 |
Interest Expense | -455 | -360 | -295 | -249 | -240 | -215 |
Interest & Investment Income | 30 | 58 | 68 | 33 | 14 | 7 |
Earnings From Equity Investments | - | - | - | - | -3 | 5 |
Currency Exchange Gain (Loss) | -13 | -13 | -17 | -33 | -24 | -13 |
Other Non Operating Income (Expenses) | - | - | -11 | 5 | -3 | 3 |
EBT Excluding Unusual Items | 2,641 | 2,783 | 2,577 | 2,222 | 1,778 | 1,637 |
Merger & Restructuring Charges | -102 | -126 | -58 | -60 | -206 | -47 |
Gain (Loss) on Sale of Investments | -5 | 15 | -8 | -3 | -7 | -7 |
Asset Writedown | -7 | -2 | -8 | -9 | -36 | -10 |
Legal Settlements | 123 | 142 | 54 | -4 | -8 | -3 |
Other Unusual Items | 70 | - | -585 | - | -6 | -18 |
Pretax Income | 2,720 | 2,812 | 1,972 | 2,146 | 1,515 | 1,552 |
Income Tax Expense | 630 | 652 | 390 | 432 | 148 | 302 |
Earnings From Continuing Operations | 2,090 | 2,160 | 1,582 | 1,714 | 1,367 | 1,250 |
Net Income to Company | 2,090 | 2,160 | 1,582 | 1,714 | 1,367 | 1,250 |
Minority Interest in Earnings | -6 | -6 | -5 | -5 | -4 | -5 |
Net Income | 2,084 | 2,154 | 1,577 | 1,709 | 1,363 | 1,245 |
Net Income to Common | 2,084 | 2,154 | 1,577 | 1,709 | 1,363 | 1,245 |
Net Income Growth | -1.51% | 36.59% | -7.72% | 25.39% | 9.48% | 31.19% |
Shares Outstanding (Basic) | 166 | 167 | 167 | 167 | 168 | 169 |
Shares Outstanding (Diluted) | 168 | 169 | 171 | 172 | 172 | 174 |
Shares Change | -1.19% | -1.05% | -0.76% | 0.12% | -0.98% | -0.29% |
EPS (Basic) | 12.57 | 12.93 | 9.45 | 10.23 | 8.14 | 7.36 |
EPS (Diluted) | 12.44 | 12.75 | 9.23 | 9.93 | 7.93 | 7.17 |
EPS Growth | -0.18% | 38.14% | -7.05% | 25.22% | 10.60% | 31.56% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,534 | 2,572 | 2,134 | 1,791 | 1,567 | 1,594 |
Free Cash Flow Per Share | 15.11 | 15.22 | 12.49 | 10.41 | 9.12 | 9.18 |
Dividend Per Share | 4.840 | 4.480 | 4.030 | 3.620 | 3.250 | 2.920 |
Dividend Growth | 11.01% | 11.17% | 11.33% | 11.39% | 11.30% | 11.03% |
Gross Margin | 51.75% | 51.80% | 51.07% | 49.88% | 48.22% | 49.54% |
Operating Margin | 24.43% | 26.52% | 26.18% | 24.71% | 22.32% | 22.64% |
Profit Margin | 16.54% | 18.44% | 14.58% | 17.13% | 14.96% | 15.24% |
Free Cash Flow Margin | 20.11% | 22.02% | 19.73% | 17.95% | 17.20% | 19.51% |
EBITDA | 3,663 | 3,523 | 3,168 | 2,822 | 2,474 | 2,288 |
EBITDA Margin | 29.07% | 30.16% | 29.29% | 28.28% | 27.15% | 28.00% |
D&A For EBITDA | 584 | 425 | 336 | 356 | 440 | 438 |
EBIT | 3,079 | 3,098 | 2,832 | 2,466 | 2,034 | 1,850 |
EBIT Margin | 24.43% | 26.52% | 26.18% | 24.71% | 22.32% | 22.64% |
Effective Tax Rate | 23.16% | 23.19% | 19.78% | 20.13% | 9.77% | 19.46% |
Revenue as Reported | 12,603 | 11,682 | 10,817 | 9,978 | 9,112 | 8,171 |