Motorola Solutions income statement
In fiscal 2025, Motorola Solutions reported revenue of $11.68bn, up 8.0% on the year before, operating income of $2.99bn (a 25.6% margin) and net income of $2.15bn, or $12.75 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.9 | 7.6 | 8.2 | 6.3 | 6.2 | 5.9 | 5.7 | 6.0 | 6.4 | 7.3 | 7.9 | 7.4 | 8.2 | 9.1 | 10.0 | 10.8 | 11.7 | 12.2 |
| Cost of revenue | 3.5 | 3.8 | 4.1 | 3.1 | 3.1 | 3.1 | 3.0 | 3.2 | 3.4 | 3.9 | 4.0 | 3.8 | 4.1 | 4.9 | 5.0 | 5.3 | 5.6 | 5.9 |
| Gross profit | 3.5 | 3.8 | 4.1 | 3.2 | 3.1 | 2.8 | 2.7 | 2.9 | 3.0 | 3.5 | 3.9 | 3.6 | 4.0 | 4.2 | 5.0 | 5.5 | 6.0 | 6.4 |
| Research and development | 1.0 | 1.0 | 1.0 | 0.8 | 0.8 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 0.9 | 0.9 | 1.0 | 1.0 |
| Selling, general and administrative | 1.7 | 1.9 | 1.9 | 1.5 | 1.3 | 1.2 | 1.0 | 1.0 | 1.0 | 1.3 | 1.4 | 1.3 | 1.4 | 1.5 | 1.6 | 1.8 | 1.9 | 1.9 |
| Operating income | 0.6 | 0.8 | 0.9 | 0.9 | 0.9 | −1.0 | 1.0 | 1.0 | 1.3 | 1.3 | 1.6 | 1.4 | 1.7 | 1.7 | 2.3 | 2.7 | 3.0 | 3.0 |
| Interest expense | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.4 |
| Income before tax | 0.6 | 0.7 | 0.7 | 0.9 | 0.9 | −1.2 | 0.9 | 0.8 | 1.1 | 1.1 | 1.0 | 1.2 | 1.6 | 1.5 | 2.1 | 2.0 | 2.8 | 2.8 |
| Income tax | 0.2 | 0.4 | −0.0 | 0.2 | −0.1 | −0.5 | 0.3 | 0.3 | 1.2 | 0.1 | 0.1 | 0.2 | 0.3 | 0.1 | 0.4 | 0.4 | 0.7 | 0.6 |
| Net income | −0.1 | 0.6 | 1.2 | 0.9 | 1.1 | 1.3 | 0.6 | 0.6 | −0.2 | 1.0 | 0.9 | 0.9 | 1.2 | 1.4 | 1.7 | 1.6 | 2.2 | 2.1 |
| Diluted EPS | −$0.15 | $1.87 | $3.41 | $2.96 | $4.06 | $5.29 | $3.02 | $3.24 | −$0.95 | $5.62 | $4.95 | $5.45 | $7.17 | $7.93 | $9.93 | $9.23 | $12.75 | $12.69 |
| Diluted shares (average) | 330m | 338m | 340m | 297m | 271m | 246m | 202m | 173m | 163m | 172m | 176m | 174m | 174m | 172m | 172m | 171m | 169m | 168m |
| EBITDA | 1.0 | 1.1 | 1.2 | 1.1 | 1.1 | −0.8 | 1.1 | 1.3 | 1.6 | 1.6 | 2.0 | 1.8 | 2.1 | 2.1 | 2.7 | 3.0 | 3.4 | 3.4 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,790 | 3,011 | 2,528 | 2,765 | 3,009 | 3,380 | 2,714 | 3,133 |
| Cost of revenue | 1,357 | 1,462 | 1,228 | 1,352 | 1,455 | 1,612 | 1,352 | 1,455 |
| Gross profit | 1,433 | 1,549 | 1,300 | 1,413 | 1,554 | 1,768 | 1,362 | 1,678 |
| Research and development | 234 | 246 | 233 | 231 | 237 | 270 | 252 | 260 |
| Selling, general and administrative | 439 | 487 | 436 | 450 | 485 | 499 | 439 | 496 |
| Operating income | 711 | 814 | 582 | 692 | 770 | 944 | 525 | 809 |
| Interest expense | 73 | 74 | 69 | 71 | 103 | 117 | 111 | 109 |
| Income before tax | 695 | 788 | 547 | 680 | 725 | 860 | 441 | 742 |
| Income tax | 132 | 176 | 115 | 165 | 161 | 210 | 73 | 184 |
| Net income | 562 | 611 | 430 | 513 | 562 | 649 | 366 | 557 |
| Diluted EPS | $3.29 | $3.57 | $2.53 | $3.04 | $3.33 | $3.86 | $2.18 | $3.33 |
| EBITDA | 757 | 900 | 663 | 739 | 819 | 1,087 | 668 | 862 |
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