Motorola Solutions, Inc.

MSI 10-Q · Q2 2025

MSI Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 2,765 2,628 +5.2%
Show Product Lines breakouts
Command Center 237 211 +12.3%
Command Center · Software and Services 237 211 +12.3%
LMR Communications 2,005 1,941 +3.3%
LMR Communications · Products and Systems Integration 1,356 1,363 -0.5%
LMR Communications · Software and Services 649 578 +12.3%
Product 1,533 1,563 -1.9%
Service 1,232 1,065 +15.7%
Video 523 476 +9.9%
Video · Products and Systems Integration 297 295 +0.7%
Video · Software and Services 226 181 +24.9%
Show Business Segments breakouts
Products and Systems Integration 1,653 1,658 -0.3%
Products and Systems Integration · International 402 413 -2.7%
Products and Systems Integration · North America 1,251 1,245 +0.5%
Products and Systems Integration · Sales Channel Directly To Consumer 1,030 1,000 +3.0%
Products and Systems Integration · Sales Channel Through Intermediary 623 658 -5.3%
Software and Services 1,112 970 +14.6%
Software and Services · International 336 298 +12.8%
Software and Services · North America 776 672 +15.5%
Software and Services · Sales Channel Directly To Consumer 1,016 880 +15.5%
Software and Services · Sales Channel Through Intermediary 96 90 +6.7%
Show Geography breakouts
International 738 711 +3.8%
North America 2,027 1,917 +5.7%
Show Contract With Customer Sales Channel breakouts
Sales Channel Directly To Consumer 2,046 1,880 +8.8%
Sales Channel Through Intermediary 719 748 -3.9%
Cost of Revenue 1,352 1,289 +4.9%
Show Product Lines breakouts
Product 646 653 -1.1%
Service 706 636 +11.0%
Show Business Segments breakouts
Products and Systems Integration 777 784 -0.9%
Software and Services 575 505 +13.9%
Gross Profit 1,413 1,339 +5.5%
Show Business Segments breakouts
Products and Systems Integration 876 874 +0.2%
Software and Services 537 465 +15.5%
Selling, General & Administrative 450 430 +4.7%
Show Business Segments breakouts
Products and Systems Integration 355 342 +3.8%
Software and Services 95 88 +8.0%
Research & Development 231 220 +5.0%
Show Business Segments breakouts
Products and Systems Integration 143 140 +2.1%
Software and Services 88 80 +10.0%
Other Operating Income Expense Net 40 45 -11.1%
Show Business Segments breakouts
Products and Systems Integration 15 13 +15.4%
Software and Services 25 32 -21.9%
Operating Income 692 644 +7.5%
Show Business Segments breakouts
Products and Systems Integration 363 379 -4.2%
Software and Services 329 265 +24.2%
Interest Expense -55 -69 +20.3%
Other Non-Operating Income (Expense) 43 5 +760.0%
Non-Operating Income (Expense) -12 -64 +81.2%
Income Before Taxes 680 580 +17.2%
Income Tax Expense (Benefit) 165 135 +22.2%
Net Income 515 445 +15.7%
Show Equity Components breakouts
Noncontrolling Interest 2 2 0.0%
Retained Earnings 513 443 +15.8%
Net Income Loss Attributable To Noncontrolling Interest 2 2 0.0%
Net Income 513 443 +15.8%
EPS (Basic) 3.08 2.65 +16.2%
EPS (Diluted) 3.04 2.6 +16.9%
Wtd Avg Shares (Basic) 166.8 166.9 -0.1%
Wtd Avg Shares (Diluted) 168.8 170.3 -0.9%
Comprehensive Income 601 447 +34.5%
Foreign Currency Transaction Gain Loss Before Tax -42 3 -1500.0%
Interest Expense -71 -87 +18.4%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 3,206 1,381 +132.2%
Accounts Receivable 1,852 1,762 +5.1%
Contract With Customer Asset Net Current 1,380 1,210 +14.0%
Inventory 861 803 +7.2%
Other Assets Current 415 415 0.0%
Total Current Assets 7,714 5,571 +38.5%
Non-Current Assets
Operating Lease Right-of-Use Assets 590 527 +12.0%
Long Term Investments 180 127 +41.7%
Deferred Tax Assets 1,230 1,225 +0.4%
Goodwill 3,840 3,400 +12.9%
Show Business Segments breakouts
Products and Systems Integration 1,576 1,571 +0.3%
Software and Services 2,264 1,829 +23.8%
Intangible Assets 1,361 1,208 +12.7%
Other Non-Current Assets 427 300 +42.3%
Total Assets 16,412 13,345 +23.0%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 1,070 987 +8.4%
Current Liabilities
Debt Current 70 565 -87.6%
Accounts Payable 913 861 +6.0%
Deferred Revenue (Current) 2,016 1,852 +8.9%
Accrued Liabilities 1,465 1,366 +7.2%
Total Current Liabilities 4,464 4,644 -3.9%
Current Portion of Long-Term Debt -70 -565 +87.6%
Non-Current Liabilities
Long-Term Debt 7,661 5,743 +33.4%
Operating Lease Liabilities 472 421 +12.1%
Other Non-Current Liabilities 1,831 1,720 +6.5%
Deferred Tax Liabilities 91 57 +59.6%
Contract With Customer Liability Noncurrent 616 446 +38.1%
Stockholders' Equity
Common Stock 2 2 0.0%
Additional Paid In Capital Common Stock 2,043 1,742 +17.3%
Retained Earnings 2,335 1,607 +45.3%
Accumulated Other Comprehensive Income -2,412 -2,549 +5.4%
Total Stockholders' Equity 1,968 802 +145.4%
Minority Interest 16 15 +6.7%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 1,984 817 +142.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -1,977 -2,032 +2.7%
Accumulated Gain Loss Net Cash Flow Hedge Parent -7 -8 +12.5%
Accumulated Other Comprehensive Income -2,412 -2,549 +5.4%
Accumulated Translation Adjustment -428 -509 +15.9%
Common Stock Including Additional Paid In Capital 2,045 1,744 +17.3%
Noncontrolling Interest 16 15 +6.7%
Retained Earnings 2,335 1,607 +45.3%
Total Liabilities & Equity 16,412 13,345 +23.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization 167 166 +0.6%
Other Non Cash Charges Or Income -5 15 -133.3%
Stock-Based Compensation 140 119 +17.6%
Increase Decreasein Accounts Receivable Contract Assets And Contract Liabilities 129 -57 +326.3%
Change in Inventory -84 29 -389.7%
Increase Decrease In Other Operating Assets -122 -183 +33.3%
Increase Decrease In Accounts Payable And Accrued Liabilities And Contract With Customer Liability -455 -331 -37.5%
Increase Decrease In Other Operating Capital Net 49 -18 +372.2%
Deferred Income Taxes 17 -170 +110.0%
Net Cash from Operations 783 562 +39.3%
Investing Activities
Payments For Acquisitions And Investments Net -464 -42 -1004.8%
Proceeds From Sales Of Investments And Businesses Net 12 38 -68.4%
Payments To Acquire Productive Assets -85 -114 +25.4%
Show Business Segments breakouts
Products and Systems Integration -38 -40 +5.0%
Software and Services -47 -74 +36.5%
Net Cash from Investing -537 -118 -355.1%
Financing Activities
Proceeds From Issuance Of Debt 1,983 1,288 +54.0%
Repayments Of Long Term Debt -252 -1,593 +84.2%
Payments Of Financing Costs -5
Proceeds From Issuance Of Common Stock Net Of Tax -37 1 -3800.0%
Share Repurchases -543 -110 -393.6%
Payments Of Dividends Common Stock -364 -326 -11.7%
Payments Of Dividends Minority Interest -4 -3 -33.3%
Net Cash from Financing 778 -743 +204.7%
Debt Repayments (Q)
Show Debt Instrument breakouts
7.5% debentures due 2025 · Unsecured Debt 252
Supplemental
Interest Paid 135 107 +26.2%
Income Taxes Paid 315 350 -10.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 80 -25 +420.0%
Net Change in Cash 1,104 -324 +440.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 3,206 1,381 +132.2%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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