Motorola Solutions, Inc. income statement MSI

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Motorola Solutions, Inc. reported revenue of $11.7 billion, up 8.0% from the year before. Net income was $2.2 billion, a profit margin of 18.4%. Operating income came to $3.0 billion, an operating margin of 25.6%. Diluted earnings per share were $12.75. Over the twelve months ended Jul 4, 2026, revenue was $12.2 billion and net income was $2.1 billion. Across the 10 fiscal years shown, revenue grew from $6.0 billion in fiscal 2016 to $11.7 billion in fiscal 2025, about 7.6% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Jul 4, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	12,237 +10.3%	11,682 +8.0%	10,817 +8.4%	9,978 +9.5%	9,112 +11.5%	8,171 +10.2%	7,414 -6.0%	7,887 +7.4%	7,343 +15.1%	6,380 +5.7%	6,038 +6.0%
Cost of revenue	5,875 +8.8%	5,647 +6.4%	5,305 +5.9%	5,008 +2.6%	4,883 +18.2%	4,131 +8.5%	3,806 -3.8%	3,956 +2.4%	3,863 +15.1%	3,356 +5.9%	3,169 +6.5%
Gross profit	6,362 +11.7%	6,035 +9.5%	5,512 +10.9%	4,970 +17.5%	4,229 +4.7%	4,040 +12.0%	3,608 -8.2%	3,931 +13.0%	3,480 +15.1%	3,024 +5.4%	2,869 +5.5%
Research and development	1,018 +7.8%	970 +5.8%	917 +6.9%	858 +10.1%	779 +6.1%	734 +7.0%	686 -0.1%	687 +7.8%	637 +12.1%	568 +2.7%	553 -10.8%
Selling, general and administrative	1,919 +6.0%	1,870 +6.7%	1,752 +12.2%	1,561 +7.7%	1,450 +7.2%	1,353 +4.6%	1,293 -7.8%	1,403 +11.9%	1,254 +22.3%	1,025 -1.8%	1,044 +2.3%
Other operating income (expense)	-377 -169.3%	-207 -33.5%	-155 +39.7%	-257 +24.2%	-339 -18.5%	-286 -16.3%	-246 +5.4%	-260 +22.2%	-334	—	—
Restructuring and impairment	59 +7.3%	60 +57.9%	38 -28.3%	53 +47.2%	36 +12.5%	32 -62.8%	86 +50.9%	57 -52.5%	120 +185.7%	42 -70.0%	140 +19.7%
Operating income	3,048 +8.9%	2,988 +11.2%	2,688 +17.2%	2,294 +38.1%	1,661 -0.4%	1,667 +20.5%	1,383 -12.5%	1,581 +26.0%	1,255 -2.3%	1,284 +22.5%	1,048 +5.4%
Interest expense	404	302 +33.0%	227	—	—	—	—	—	—	—	—
Other non-operating income (expense)	123 -5.4%	126 +125.8%	-489 -819.1%	68 -11.7%	77 -16.3%	92 +607.7%	13 +103.6%	-365 -788.7%	53 +630.0%	-10 -242.9%	7 +163.6%
Pretax income	2,767 +2.1%	2,812 +42.6%	1,972 -8.1%	2,146 +41.7%	1,515 -2.4%	1,552 +32.2%	1,174 +17.3%	1,001 -9.2%	1,102 +2.4%	1,076 +27.5%	844 -8.0%
Income tax	628 +7.0%	652 +67.2%	390 -9.7%	432 +191.9%	148 -51.0%	302 +36.7%	221 +70.0%	130 -2.3%	133 -89.2%	1,227 +335.1%	282 +2.9%
Net income	2,134 +0.9%	2,154 +36.6%	1,577 -7.7%	1,709 +25.4%	1,363 +9.5%	1,245 +31.2%	949 +9.3%	868 -10.1%	966 +723.2%	-155 -127.7%	560 -8.2%
Basic EPS	12.85 +1.4%	12.93 +36.8%	9.45 -7.6%	10.23 +25.7%	8.14 +10.6%	7.36 +31.9%	5.58 +7.1%	5.21 -12.4%	5.95 +726.3%	-0.95 -128.8%	3.30 +7.8%
Diluted EPS	12.69 +2.2%	12.75 +38.1%	9.23 -7.0%	9.93 +25.2%	7.93 +10.6%	7.17 +31.6%	5.45 +10.1%	4.95 -11.9%	5.62 +691.6%	-0.95 -129.3%	3.24 +7.3%
Weighted average shares, basic	166 -0.5%	167 -0.1%	167 -0.1%	167 -0.3%	168 -1.0%	169 -0.5%	170 +2.0%	167 +2.6%	162 -0.3%	163 -4.0%	170 -15.0%
Weighted average shares, diluted	168 -1.3%	169 -1.1%	171 -0.8%	172 +0.1%	172 -1.0%	174 -0.3%	174 -0.9%	176 +2.1%	172 +5.6%	163 -5.9%	173 -14.2%
Other measures
Depreciation and amortization	549 +62.9%	425 +26.5%	336 -5.6%	356 -19.1%	440 +0.5%	438 +7.1%	409 +3.8%	394 +9.4%	360 +5.0%	343 +16.3%	295 +96.7%
EBITDA	3,597 +14.7%	3,413 +12.9%	3,024 +14.1%	2,650 +26.1%	2,101 -0.2%	2,105 +17.5%	1,792 -9.3%	1,975 +22.3%	1,615 -0.7%	1,627 +21.1%	1,343 +17.4%
Interest coverage	7.54x	9.89x	11.84x	—	—	—	—	—	—	—	—
Margins
Gross margin	51.99%	51.66%	50.96%	49.81%	46.41%	49.44%	48.66%	49.84%	47.39%	47.40%	47.52%
Operating margin	24.91%	25.58%	24.85%	22.99%	18.23%	20.40%	18.65%	20.05%	17.09%	20.13%	17.36%
Pretax margin	22.61%	24.07%	18.23%	21.51%	16.63%	18.99%	15.83%	12.69%	15.01%	16.87%	13.98%
Profit margin	17.44%	18.44%	14.58%	17.13%	14.96%	15.24%	12.80%	11.01%	13.16%	-2.43%	9.27%
EBITDA margin	29.39%	29.22%	27.96%	26.56%	23.06%	25.76%	24.17%	25.04%	21.99%	25.50%	22.24%
Effective tax rate	22.70%	23.19%	19.78%	20.13%	9.77%	19.46%	18.82%	12.99%	12.07%	114.03%	33.41%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Radio & Tv Broadcasting & Communications Equipment (SIC 3663)
Listed as: MSI (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Chicago, IL
SEC filer status: Large accelerated filer
SEC CIK: 68505
Former names: MOTOROLA INC (until Jan 3, 2011)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.