Moto Razr Android 12

It should, but Motorola isn't exactly quick when it comes to releasing updates.  Especially for carrier variants.  

Motorola started rolling out android 12 in February so the 1st phone to get it is the razr 2020 and razr 5g you can check t mobile official Android 12 update page and it will give ya the status of every phone that's getting Android 12 and what progress it's in I been on Android 12 on my z fold 3 since December when I gotten my z fold 3 but I an also getting the moto razr 5g as a second phone here's a screenshot hope this helps