Motorola Solutions (MSI) Cost of Revenue (2009 - 2026)
Motorola Solutions (MSI) reported Cost of Revenue of $1.46 billion for Q2 2026, up 7.6% from $1.35 billion a year earlier and up 7.6% from the prior quarter.
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Analysis
Motorola Solutions (MSI) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 4, 2026, Motorola Solutions' Cost of Revenue came in at $5.87 billion, up 8.8% year-over-year; for FY2025, it came in at $5.65 billion, up 6.4% from FY2024.
- Cost of Revenue has increased for five consecutive years, with a five-year compound annual growth rate of 8.2% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $5.31 billion in FY2024 (+5.9%), $5.01 billion in FY2023 (+2.6%), $4.88 billion in FY2022 (+18.2%) and $4.13 billion in FY2021 (+8.5%).
- Five-year quarterly Cost of Revenue spans a low of $1.04 billion in Q1 2022 and a high of $1.61 billion in Q4 2025.
- Year over year, Cost of Revenue has now increased in each of the last 11 quarters, with growth averaging 6.7% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q3 2022 (growth of 26.4%); the low point was Q3 2023 (a decline of 4.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.35 billion (Q1 2026), $1.61 billion (Q4 2025) and $1.46 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 339.47 Bn | 293.47 Bn | 4.68 Bn | 8.67 Bn |
| 2 | Rtx | 255.27 Bn | 228.48 Bn | 5.13 Bn | 19.58 Bn |
| 3 | Boeing | 156.48 Bn | 63.18 Bn | 2.41 Bn | 22.15 Bn |
| 4 | Lockheed Martin | 119.91 Bn | 106.64 Bn | 2.45 Bn | 17.62 Bn |
| 5 | Howmet Aerospace | 92.95 Bn | 88.55 Bn | 951.00 Mn | 1.60 Bn |
| 6 | General Dynamics | 91.08 Bn | 78.19 Bn | 2.18 Bn | 11.91 Bn |
| 7 | Motorola Solutions | 75.61 Bn | 71.97 Bn | 1.68 Bn | 1.46 Bn |
| 8 | Northrop Grumman | 72.52 Bn | 61.76 Bn | 2.12 Bn | 8.76 Bn |
| 9 | Honeywell International | 67.37 Bn | 19.81 Bn | 3.65 Bn | 6.07 Bn |
| 10 | TransDigm | 61.72 Bn | 49.81 Bn | 1.63 Bn | 1.11 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 1.46 Bn |
| Apr 4, 2026 | 1.35 Bn |
| Dec 31, 2025 | 1.61 Bn |
| Sep 27, 2025 | 1.46 Bn |
| Jun 28, 2025 | 1.35 Bn |
| Mar 29, 2025 | 1.23 Bn |
| Dec 31, 2024 | 1.46 Bn |
| Sep 28, 2024 | 1.36 Bn |
| Jun 29, 2024 | 1.29 Bn |
| Mar 30, 2024 | 1.20 Bn |
| Dec 31, 2023 | 1.39 Bn |
| Sep 30, 2023 | 1.28 Bn |
| Jul 1, 2023 | 1.21 Bn |
| Apr 1, 2023 | 1.13 Bn |
| Dec 31, 2022 | 1.36 Bn |
| Oct 1, 2022 | 1.34 Bn |
| Jul 2, 2022 | 1.15 Bn |
| Apr 2, 2022 | 1.04 Bn |
| Dec 31, 2021 | 1.14 Bn |
| Oct 2, 2021 | 1.06 Bn |
API Access
Motorola Solutions Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();