Motorola Solutions, Inc. (MSI) Quarterly Income Statement

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Motorola Solutions, Inc. (MSI) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MSI Income Statement

Motorola Solutions, Inc. (MSI) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	3.38B	3.13B	2.71B	3.38B	3.01B	2.77B	2.53B	3.01B	2.79B	2.63B	2.39B	2.85B	2.56B	2.4B	2.17B	2.71B	2.37B	2.14B	1.89B	2.32B
Revenue Growth %	12.2%	13.31%	7.36%	12.26%	7.85%	5.21%	5.82%	5.69%	9.15%	9.36%	10.04%	5.25%	7.71%	12.29%	14.75%	16.68%	12.62%	8.57%	6.71%	2.07%
Cost of Goods Sold	1.61B	1.46B	1.43B	1.73B	1.51B	1.35B	1.23B	1.46B	1.36B	1.29B	1.2B	1.39B	1.28B	1.21B	1.13B	1.36B	1.34B	1.15B	1.03B	1.14B
COGS % of Revenue	47.63%	46.44%	52.58%	51.27%	50.08%	48.9%	48.58%	48.56%	48.64%	49.05%	50.1%	48.93%	49.92%	50.52%	51.82%	50.09%	56.55%	53.74%	54.7%	49.01%
Gross Profit	1.77B	1.68B	1.29B	1.65B	1.5B	1.41B	1.3B	1.55B	1.43B	1.34B	1.19B	1.46B	1.28B	1.19B	1.05B	1.35B	1.03B	990M	857M	1.18B
Gross Margin %	52.37%	53.56%	47.42%	48.73%	49.92%	51.1%	51.42%	51.44%	51.36%	50.95%	49.9%	51.07%	50.08%	49.48%	48.18%	49.91%	43.45%	46.26%	45.3%	50.99%
Gross Profit Growth %	17.71%	18.75%	-1%	6.33%	4.82%	5.53%	9.06%	6.46%	11.95%	12.62%	13.96%	7.7%	24.15%	20.1%	22.05%	14.2%	-1.34%	3.99%	-0.35%	3.23%
Operating Expenses	991M	869M	691M	768M	720M	721M	718M	735M	722M	695M	673M	717M	641M	671M	647M	660M	658M	632M	618M	634M
OpEx % of Revenue	29.35%	27.74%	25.46%	22.72%	23.93%	26.08%	28.4%	24.41%	25.88%	26.45%	28.17%	25.17%	25.08%	27.92%	29.8%	24.38%	27.73%	29.53%	32.66%	27.33%
Selling, General & Admin	504M	496M	439M	499M	483M	450M	436M	487M	439M	430M	397M	423M	380M	390M	368M	381M	378M	356M	338M	368M
SG&A % of Revenue	14.93%	15.83%	16.18%	14.76%	16.05%	16.27%	17.25%	16.17%	15.73%	16.36%	16.62%	14.85%	14.87%	16.23%	16.95%	14.07%	15.93%	16.64%	17.86%	15.86%
Research & Development	276M	260M	252M	270M	237M	231M	233M	246M	234M	220M	218M	218M	215M	215M	210M	202M	197M	191M	188M	189M
R&D % of Revenue	8.18%	8.3%	9.29%	7.99%	7.88%	8.35%	9.22%	8.17%	8.39%	8.37%	9.13%	7.65%	8.41%	8.95%	9.67%	7.46%	8.3%	8.93%	9.94%	8.15%
Other Operating Expenses	1000K	1000K	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	777M	809M	595M	879M	782M	692M	582M	814M	711M	644M	519M	738M	639M	518M	399M	691M	373M	358M	239M	549M
Operating Margin %	23.02%	25.82%	21.92%	26.01%	25.99%	25.03%	23.02%	27.03%	25.48%	24.51%	21.72%	25.9%	25%	21.56%	18.38%	25.53%	15.72%	16.73%	12.63%	23.66%
Operating Income Growth %	-0.64%	16.91%	2.23%	7.99%	9.99%	7.45%	12.14%	10.3%	11.27%	24.32%	30.08%	6.8%	71.31%	44.69%	66.95%	25.87%	-17.29%	-3.24%	-19.8%	-1.08%
EBITDA	927M	957M	738M	1.02B	897M	778M	663M	900M	795M	727M	602M	823M	725M	605M	497M	800M	481M	470M	350M	662M
EBITDA Margin %	27.46%	30.55%	27.19%	30.24%	29.81%	28.14%	26.23%	29.89%	28.49%	27.66%	25.2%	28.89%	28.36%	25.18%	22.89%	29.55%	20.27%	21.96%	18.5%	28.53%
EBITDA Growth %	3.34%	23.01%	11.31%	13.56%	12.83%	7.02%	10.13%	9.36%	9.66%	20.17%	21.13%	2.88%	50.73%	28.72%	42%	20.85%	-13.49%	-2.08%	-14.22%	-0.3%
D&A (Non-Cash Add-back)	150M	148M	143M	143M	115M	86M	81M	86M	84M	83M	83M	85M	86M	87M	98M	109M	108M	112M	111M	113M
EBIT	794M	851M	552M	983M	828M	751M	616M	862M	768M	667M	-29M	793M	652M	550M	421M	724M	393M	359M	277M	573M
Net Interest Income	-107M	-103M	-104M	-115M	-86M	-55M	-51M	-56M	-58M	-69M	-44M	-52M	-53M	-57M	-54M	-54M	-60M	-56M	-56M	-54M
Interest Income	9M	6M	7M	7M	17M	16M	18M	18M	15M	18M	17M	11M	7M	6M	9M	6M	2M	3M	2M	1M
Interest Expense	116M	109M	111M	122M	103M	71M	69M	74M	73M	87M	61M	63M	60M	63M	63M	60M	62M	59M	58M	55M
Other Income/Expense	-99M	-67M	-154M	-18M	-57M	-12M	-35M	-26M	-16M	-64M	-609M	-30M	-47M	-31M	-41M	-28M	-40M	-58M	-20M	-31M
Pretax Income	678M	742M	441M	861M	725M	680M	547M	788M	695M	580M	-90M	708M	592M	487M	358M	663M	333M	300M	219M	518M
Pretax Margin %	20.08%	23.68%	16.25%	25.47%	24.09%	24.59%	21.64%	26.17%	24.91%	22.07%	-3.77%	24.85%	23.16%	20.27%	16.49%	24.49%	14.03%	14.02%	11.58%	22.33%
Income Tax	164M	184M	73M	211M	161M	165M	115M	176M	132M	135M	-52M	111M	127M	114M	79M	73M	53M	71M	-49M	116M
Effective Tax Rate %	24.19%	24.8%	16.55%	24.51%	22.21%	24.26%	21.02%	22.34%	18.99%	23.28%	57.78%	15.68%	21.45%	23.41%	22.07%	11.01%	15.92%	23.67%	-22.37%	22.39%
Net Income	512M	557M	366M	649M	562M	513M	430M	611M	562M	443M	-39M	596M	464M	371M	278M	589M	279M	228M	267M	401M
Net Margin %	15.17%	17.78%	13.49%	19.2%	18.68%	18.55%	17.01%	20.29%	20.14%	16.86%	-1.63%	20.92%	18.15%	15.44%	12.81%	21.76%	11.76%	10.65%	14.11%	17.28%
Net Income Growth %	-8.9%	8.58%	-14.88%	6.22%	0%	15.8%	1202.56%	2.52%	21.12%	19.41%	-114.03%	1.19%	66.31%	62.72%	4.12%	46.88%	-9.12%	-22.18%	9.43%	-2.67%
Net Income (Continuing)	514M	558M	368M	650M	564M	515M	432M	612M	563M	445M	-38M	597M	465M	373M	279M	590M	280M	229M	268M	402M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	17M	16M	19M	17M	17M	16M	18M	16M	15M	15M	16M	15M	14M	14M	15M	15M	14M	13M	18M	17M
EPS (Diluted)	3.06	3.33	2.18	3.86	3.33	3.04	2.53	3.56	3.29	2.60	-0.23	3.47	2.70	2.15	1.61	3.43	1.63	1.33	1.54	2.30
EPS Growth %	-8.11%	9.54%	-13.83%	8.43%	1.22%	16.92%	1200%	2.59%	21.85%	20.93%	-114.29%	1.17%	65.64%	61.65%	4.55%	49.13%	-7.39%	-21.3%	9.22%	-2.95%
EPS (Basic)	3.09	3.36	2.21	3.90	3.37	3.08	2.58	3.66	3.36	2.65	-0.23	3.58	2.78	2.21	1.61	3.52	1.67	1.36	1.59	2.38
Diluted Shares Outstanding	167.4M	167.2M	168M	168.1M	169M	168.8M	169.8M	170.8M	170.9M	170.3M	166.3M	171.5M	171.7M	172.6M	172.6M	171.9M	171.5M	170.9M	173.1M	174.2M
Basic Shares Outstanding	165.5M	165.8M	165.8M	166.2M	166.6M	166.8M	166.9M	167.1M	167.1M	166.9M	166.3M	166.1M	166.7M	167.5M	172.6M	167.4M	167.2M	167.2M	168M	168.8M
Dividend Payout Ratio	39.06%	36.09%	54.92%	28.04%	32.38%	35.48%	42.33%	26.84%	29.18%	36.79%	-	24.5%	31.68%	39.89%	53.24%	22.41%	47.31%	57.89%	50.19%	29.93%