Motorola Solutions, Inc. (MSI) — Financial statements
Income statement, balance sheet, and cash flow for Motorola Solutions, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 11,682↑8.0% | 10,817↑8.4% | 9,978↑9.5% | 9,112↑11.5% | 8,171 | |
| Cost of Revenue | 5,820↑9.7% | 5,305↑5.9% | 5,008↑2.6% | 4,883↑18.2% | 4,131 | |
| Gross Profit | 5,862↑6.3% | 5,512↑10.9% | 4,970↑17.5% | 4,229↑4.7% | 4,040 | |
| Operating Expenses | ||||||
| R&D Expenses | 971↑5.9% | 917↑6.9% | 858↑10.1% | 779↑6.1% | 734 | |
| General & Administrative Expenses | 0.00 | 0.00↓100.0% | 1,561↑7.7% | 1,450↑7.2% | 1,353 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,868↑6.6% | 1,752↑12.2% | 1,561↑7.7% | 1,450↑7.2% | 1,353 | |
| Other Expenses | 89↓42.6% | 155↓39.7% | 257↓24.2% | 339↑18.5% | 286 | |
| Operating Expenses | 2,927↑3.6% | 2,824↑5.5% | 2,676↑4.2% | 2,568↑8.2% | 2,373 | |
| Total Costs & Expenses | 8,747↑7.6% | 8,129↑5.8% | 7,684↑3.1% | 7,451↑14.6% | 6,504 | |
| Operating Results | ||||||
| Operating Income | 2,935↑9.2% | 2,688↑17.2% | 2,294↑38.1% | 1,661↓0.4% | 1,667 | |
| Depreciation & Amortization | 451↑34.2% | 336↓5.6% | 356↓19.1% | 440↑0.5% | 438 | |
| EBITDA | 3,525↑35.4% | 2,603↓5.4% | 2,751↑25.3% | 2,195↓0.5% | 2,205 | |
| EBIT | 3,074↑35.6% | 2,267↓5.3% | 2,395↑36.5% | 1,755↓0.7% | 1,767 | |
| Interest & Other Income | ||||||
| Net Interest Income | -307↓35.2% | -227↓5.1% | -216↑4.4% | -226↓8.7% | -208 | |
| Interest Income | 58↓14.7% | 68↑106.1% | 33↑135.7% | 14↑100.0% | 7 | |
| Interest Expense | 365↑23.7% | 295↑18.5% | 249↑3.8% | 240↑11.6% | 215 | |
| Non-Operating Income | -139↓133.0% | 421↑516.8% | -101↓7.4% | -94↑6.0% | -100 | |
| Other Income / Expenses | -122↑83.0% | -716↓383.8% | -148↓1.4% | -146↓27.0% | -115 | |
| Income Before Tax | 2,813↑42.6% | 1,972↓8.1% | 2,146↑41.7% | 1,515↓2.4% | 1,552 | |
| Income Tax Expense | 652↑67.2% | 390↓9.7% | 432↑191.9% | 148↓51.0% | 302 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,161↑36.6% | 1,582↓7.7% | 1,714↑25.4% | 1,367↑9.4% | 1,250 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,154↑36.6% | 1,577↓7.7% | 1,709↑25.4% | 1,363↑9.5% | 1,245 | |
| Bottom-Line Net Income | 2,154↑36.6% | 1,577↓7.7% | 1,709↑25.4% | 1,363↑9.5% | 1,245 | |
| EPS (Basic) | 12.93↑36.8% | 9.45↓7.6% | 10.23↑25.7% | 8.14↑10.6% | 7.36 | |
| EPS (Diluted) | 12.76↑38.2% | 9.23↓7.0% | 9.93↑25.2% | 7.93↑10.6% | 7.17 | |
| Weighted Average Shares | 166↓0.4% | 167↓0.1% | 167↓0.3% | 168↓1.0% | 169 | |
| Weighted Average Diluted Shares | 168↓1.6% | 171↓0.8% | 172↑0.1% | 172↓1.0% | 174 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.