MSI
Motorola Solutions, Inc.
Stock
$447.41−0.62 (−0.14%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.2B | $11.7B | $10.8B | $10.0B | $9.1B | $8.2B | $7.4B | $7.9B | $7.3B | $6.4B | $6.0B | $5.7B | $5.9B | $6.2B | $6.3B | $8.2B | $7.6B | $6.9B | $25.1B | $36.6B |
| Cost of revenue | $5.9B | $5.6B | $5.3B | $5.0B | $4.9B | $4.1B | $3.8B | $4.0B | $3.9B | $3.4B | $3.2B | $3.0B | $3.1B | $3.1B | $3.1B | $4.1B | $3.8B | $3.5B | $18.2B | $26.7B |
| Gross profit | $6.4B | $6.0B | $5.5B | $5.0B | $4.2B | $4.0B | $3.6B | $3.9B | $3.5B | $3.0B | $2.9B | $2.7B | $2.8B | $3.1B | $3.2B | $4.1B | $3.8B | $3.5B | $6.9B | $10.0B |
| R&D | $1.0B | $970M | $917M | $858M | $779M | $734M | $686M | $687M | $637M | $568M | $553M | $620M | $681M | $761M | $790M | $1.0B | $1.0B | $993M | $3.4B | $4.4B |
| SG&A | $1.9B | $1.9B | $1.8B | $1.6B | $1.5B | $1.4B | $1.3B | $1.4B | $1.3B | $1.0B | $1.0B | $1.0B | $1.2B | $1.3B | $1.5B | $1.9B | $1.9B | $1.7B | $3.9B | $5.1B |
| Other operating expenses | $376M | $207M | $155M | $257M | $339M | $286M | $246M | $260M | $334M | $147M | $224M | $84M | $2.0B | $71M | $12M | $341M | $150M | $255M | $2.2B | $984M |
| Operating income | $3.0B | $3.0B | $2.7B | $2.3B | $1.7B | $1.7B | $1.4B | $1.6B | $1.3B | $1.3B | $1.0B | $994M | −$1.0B | $947M | $920M | $858M | $751M | $567M | −$2.5B | −$553M |
| Non-operating income | −$280M | −$176M | −$716M | −$148M | −$146M | −$115M | −$209M | −$580M | −$153M | −$208M | −$204M | −$77M | −$155M | −$67M | −$39M | −$120M | −$87M | $66M | −$311M | $177M |
| Pretax income | $2.8B | $2.8B | $2.0B | $2.1B | $1.5B | $1.6B | $1.2B | $1.0B | $1.1B | $1.1B | $844M | $917M | −$1.2B | $880M | $881M | $738M | $664M | $633M | −$2.9B | −$376M |
| Taxes | $634M | $658M | $395M | $437M | $152M | $307M | $225M | $133M | $136M | $1.2B | $284M | $307M | −$2.5B | −$219M | $0 | −$420M | $31M | $684M | $1.4B | −$327M |
| Net income | $2.1B | $2.2B | $1.6B | $1.7B | $1.4B | $1.2B | $949M | $868M | $966M | −$155M | $560M | $610M | $1.3B | $1.1B | $881M | $1.2B | $633M | −$51M | −$4.2B | −$49M |
| Diluted EPS | $12.69 | $12.75 | $9.23 | $9.93 | $7.93 | $7.17 | $5.45 | $4.95 | $5.62 | −$0.95 | $3.24 | $3.02 | $5.29 | $4.06 | $2.96 | $3.41 | $1.87 | −$0.15 | −$78.66 | −$0.84 |
| Diluted shares | — | 169.0M | 170.8M | 172.1M | 171.9M | 173.6M | 174.1M | 175.6M | 172.0M | 162.9M | 173.1M | 201.8M | 245.6M | 270.5M | 297.4M | 339.7M | 338.1M | 329.9M | 53.9M | 55.1M |
| Revenue growth | — | +8.0% | +8.4% | +9.5% | +11.5% | +10.2% | −6.0% | +7.4% | +15.1% | +5.7% | +6.0% | −3.2% | −5.6% | −0.7% | −23.6% | +7.7% | +9.6% | −72.3% | −31.4% | — |
| Gross margin | 52.0% | 51.7% | 51.0% | 49.8% | 46.4% | 49.4% | 48.7% | 49.8% | 47.4% | 47.4% | 47.5% | 47.7% | 48.1% | 49.9% | 50.9% | 50.5% | 50.0% | 50.1% | 27.6% | 27.2% |
| Operating margin | 24.9% | 25.6% | 24.8% | 23.0% | 18.2% | 20.4% | 18.7% | 20.0% | 17.1% | 20.1% | 17.4% | 17.5% | −17.1% | 15.2% | 14.7% | 10.5% | 9.9% | 8.2% | −10.1% | −1.5% |
| Net margin | 17.4% | 18.4% | 14.6% | 17.1% | 15.0% | 15.2% | 12.8% | 11.0% | 13.2% | −2.4% | 9.3% | 10.7% | 22.1% | 17.6% | 14.1% | 14.1% | 8.3% | −0.7% | −16.9% | −0.1% |