Sunday 1 November 2026 Export MSI’s income statement to Excel — free account

Motorola Solutions, Inc.

Motorola Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.7 billion, up 8.00% from fiscal 2024.

Revenue: +13.3%
EPS: +9.09%
Free cash flow: +84.0%
Total debt: +16.8%

Quarter to June 2026, against a year earlier

491.53 0.55 −0.11%

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Market cap: $81.4B
P/E: 38.3×
Fwd P/E: 35.6×
Dividend yield: 0.98%
F-score: 6/9
Altman Z: 3.57
Beneish M: −2.44
Dividend safety: 85/100

Overview Business Profile Earnings & Analysis Segments Filings

Motorola Solutions, Inc. (MSI) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Products and Systems Integration	7,253	62.09%
Software and Services	4,429	37.91%
Gross margin		51.66%
Operating margin		25.58%
Pre-tax margin		24.07%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Products	6,770 57.95%	6,454 59.67%	5,814 58.27%	5,368 58.91%	4,606 56.37%	4,087 55.13%	4,746 60.17%	4,463 60.78%	3,772 59.12%	3,649 60.43%	3,676 64.55%	3,807 64.73%	4,109 65.99%	4,236 67.57%	5,358 65.32%	5,049 66.29%	4,796 69.04%
Services	4,912 42.05%	4,363 40.33%	4,164 41.73%	3,744 41.09%	3,565 43.63%	3,327 44.87%	3,141 39.83%	2,880 39.22%	2,608 40.88%	2,389 39.57%	2,019 35.45%	2,074 35.27%	2,118 34.01%	2,033 32.43%	2,845 34.68%	2,568 33.71%	2,151 30.96%
Also reported: a second breakdown of the same revenue
Mission Critical Networks (MCN)	8,647 74.02%	8,100 74.88%	7,526 75.43%	6,987 76.68%	6,408 78.42%	6,000 80.93%	6,721 85.22%	6,598 89.85%	—	—	—	—	—	—	—	—	—
Video	2,120 18.15%	1,920 17.75%	1,726 17.30%	1,523 16.71%	1,226 15.00%	927 12.50%	709 8.99%	382 5.20%	—	—	—	—	—	—	—	—	—
Command Center	915 7.83%	797 7.37%	726 7.28%	602 6.61%	537 6.57%	487 6.57%	457 5.79%	363 4.94%	—	—	—	—	—	—	—	—	—
Revenue	11,682	10,817	9,978	9,112	8,171	7,414	7,887	7,343	6,380	6,038	5,695	5,881	6,227	6,269	8,203	7,617	6,947

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Products	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2011	FY2010	FY2009	FY2008
Products and Systems Integration	7,253 62.09%	6,883 63.63%	6,242 62.56%	5,728 62.86%	5,033 61.60%	4,634 62.50%	5,329 67.57%	5,100 69.45%	4,513 70.74%	4,394 72.77%	—	—	—	—
Software and Services	4,429 37.91%	3,934 36.37%	3,736 37.44%	3,384 37.14%	3,138 38.40%	2,780 37.50%	2,558 32.43%	2,243 30.55%	1,867 29.26%	1,644 27.23%	—	—	—	—
Mobile Devices	—	—	—	—	—	—	—	—	—	—	—	—	—	12,099 48.19%
Enterprise Mobility Solutions	—	—	—	—	—	—	—	—	—	—	—	—	—	8,228 32.77%
Home	—	—	—	—	—	—	—	—	—	—	—	—	—	4,912 19.56%
Other And Eliminations	—	—	—	—	—	—	—	—	—	—	—	—	—	(130) (0.52%)
Aggregate	—	—	—	—	—	—	—	—	—	—	—	—	—	25,239
Revenue	11,682	10,817	9,978	9,112	8,171	7,414	7,887	7,343	6,380	6,038	8,203	7,617	6,947	25,109

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2011	FY2010	FY2009	FY2008
Products and Systems Integration	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Software and Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aggregate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Enterprise Mobility Solutions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Home	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Mobile Devices	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other And Eliminations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2011	FY2010	FY2009	FY2008
UNITED STATES	7,929 67.87%	7,432 68.71%	6,559 65.73%	6,008 65.94%	5,236 64.08%	4,770 64.34%	5,006 63.47%	4,361 59.39%	3,725 58.39%	3,566 59.06%	3,473 60.98%	4,399 53.63%	4,157 54.58%	3,938 56.69%	13,715 54.62%
Other	2,717 23.26%	2,425 22.42%	2,277 22.82%	1,949 21.39%	1,762 21.56%	1,650 22.26%	1,919 24.33%	2,041 27.80%	1,846 28.93%	1,722 28.52%	2,126 37.33%	2,542 30.99%	2,261 29.68%	1,920 27.64%	7,126 28.38%
United Kingdom	603 5.16%	572 5.29%	769 7.71%	789 8.66%	849 10.39%	740 9.98%	692 8.77%	638 8.69%	558 8.75%	528 8.74%	96 1.69%	670 8.17%	568 7.46%	513 7.38%	909 3.62%
Canada	433 3.71%	388 3.59%	373 3.74%	366 4.02%	324 3.97%	254 3.43%	270 3.42%	303 4.13%	251 3.93%	222 3.68%	—	—	—	—	—
China	—	—	—	—	—	—	—	—	—	—	—	322 3.93%	307 4.03%	241 3.47%	1,250 4.98%
Israel	—	—	—	—	—	—	—	—	—	—	—	173 2.11%	225 2.95%	240 3.45%	443 1.76%
Japan	—	—	—	—	—	—	—	—	—	—	—	97 1.18%	99 1.30%	95 1.37%	—
Brazil	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1,550 6.17%
Singapore	—	—	—	—	—	—	—	—	—	—	—	—	—	—	116 0.46%
International	3,320	2,997	3,046	2,738	2,610	2,390	2,611	2,679	—	—	—	—	—	—	—
North America	8,362	7,820	6,932	6,374	5,561	5,024	5,276	4,664	—	—	—	—	—	—	—
Revenue	11,682	10,817	9,978	9,112	8,171	7,414	7,887	7,343	6,380	6,038	5,695	8,203	7,617	6,947	25,109

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Q3 backlog	Q2 FY2026	$15.6B	$14.1B	+10.64%
Remaining performance obligations	Q2 FY2026	$9.5B	$8.8B	+7.95%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
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Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.

Motorola Solutions, Inc. (MSI) revenue by segment, product and region

Where the money comes from and where it goes

Revenue by product or service $m

Operating income by segment $m, and margin

Revenue by segment $m

Operating income by segment $m, and margin

Revenue by region $m

Operating figures as reported in each quarter’s results release or filing

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