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QUALCOMM (QCOM) Financials

QUALCOMM logo
$158.01 +3.88 (+2.52%)
Closing price 08/22/2025 04:00 PM Eastern
Extended Trading
$157.96 -0.05 (-0.03%)
As of 08/22/2025 07:59 PM Eastern
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Annual Income Statements for QUALCOMM

Annual Income Statements for QUALCOMM

This table shows QUALCOMM's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/28/2014 9/27/2015 9/25/2016 9/24/2017 9/30/2018 9/29/2019 9/27/2020 9/26/2021 9/25/2022 9/24/2023 9/29/2024
Net Income / (Loss) Attributable to Common Shareholders		 7,967 5,271 5,705 2,445 -4,964 4,386 5,198 9,043 12,936 7,232 10,142
Consolidated Net Income / (Loss)		 7,964 5,268 5,702 2,444 -4,964 4,386 5,198 9,043 12,936 7,232 10,142
Net Income / (Loss) Continuing Operations		 7,534 5,268 5,702 2,444 -4,964 4,386 5,198 9,043 12,986 7,339 10,110
Total Pre-Tax Income 		8,778 6,487 6,833 2,987 392 7,481 5,719 10,274 14,998 7,443 10,336
Total Operating Income		 7,550 5,776 6,495 2,581 621 7,667 6,255 9,789 15,860 7,788 10,071
Total Gross Profit		 15,801 14,903 13,805 12,466 12,367 15,674 14,276 19,304 25,565 19,951 21,902
Total Revenue		 26,487 25,281 23,554 22,258 22,611 24,273 23,531 33,566 44,200 35,820 38,962
Operating Revenue		 26,487 25,281 23,554 22,258 22,611 24,273 23,531 33,566 44,200 35,820 38,962
Total Cost of Revenue		 10,686 10,378 9,749 9,792 10,244 8,599 9,255 14,262 18,635 15,869 17,060
Operating Cost of Revenue		 10,686 10,378 9,749 9,792 10,244 8,599 9,255 14,262 18,635 15,869 17,060
Total Operating Expenses		 8,251 9,127 7,310 9,885 11,746 8,007 8,021 9,515 9,705 12,163 11,831
Selling, General & Admin Expense		 2,290 2,344 2,385 2,658 2,986 2,195 2,074 2,339 2,570 2,483 2,759
Research & Development Expense		 5,477 5,490 5,151 5,485 5,625 5,398 5,975 7,176 8,194 8,818 8,893
Other Operating Expenses / (Income)		 484 1,293 -226 1,742 3,135 414 -28 0.00 -1,059 862 179
Total Other Income / (Expense), net		 1,228 711 338 406 -229 -186 -536 485 -862 -345 265
Interest Expense		 5.00 104 297 494 768 627 602 559 490 694 697
Other Income / (Expense), net		 - - - - - - - 1,044 -372 349 962
Income Tax Expense		 1,244 1,219 1,131 543 5,356 3,095 521 1,231 2,012 104 226
Net Income / (Loss) Discontinued Operations		 430 - - - - - 0.00 0.00 -50 -107 32
Basic Earnings per Share		 $4.73 $3.26 $3.84 $1.66 ($3.39) $3.63 $4.58 $7.99 $11.52 $6.47 $9.09
Weighted Average Basic Shares Outstanding		 1.68B 1.62B 1.48B 1.48B 1.46B 1.21B 1.14B 1.13B 1.12B 1.12B 1.12B
Diluted Earnings per Share		 $4.65 $3.22 $3.81 $1.64 ($3.39) $3.59 $4.52 $7.87 $11.37 $6.42 $8.97
Weighted Average Diluted Shares Outstanding		 1.71B 1.64B 1.50B 1.49B 1.46B 1.22B 1.15B 1.15B 1.14B 1.13B 1.13B
Weighted Average Basic & Diluted Shares Outstanding		 1.68B 1.62B 1.49B 1.48B 1.47B 1.14B 1.13B 1.12B 1.12B 1.11B 1.11B
Cash Dividends to Common per Share		 $1.54 $1.80 $2.02 $2.20 $2.38 $2.48 $2.54 $2.66 $2.86 $3.10 $3.30

Quarterly Income Statements for QUALCOMM

This table shows QUALCOMM's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 12/25/2022 3/26/2023 6/25/2023 9/24/2023 12/24/2023 3/24/2024 6/23/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025
Net Income / (Loss) Attributable to Common Shareholders		 2,235 1,704 1,803 1,490 2,767 2,326 2,129 2,920 3,180 2,812 2,666
Consolidated Net Income / (Loss)		 2,235 1,704 1,803 1,490 2,767 2,326 2,129 2,920 3,180 2,812 2,666
Net Income / (Loss) Continuing Operations		 2,273 1,702 1,735 1,629 2,811 2,275 2,108 2,916 3,180 2,812 2,666
Total Pre-Tax Income 		2,371 1,895 1,757 1,420 2,962 2,498 2,279 2,597 3,635 3,105 2,952
Total Operating Income		 2,465 2,090 1,823 1,410 2,928 2,340 2,221 2,582 3,555 3,120 2,762
Total Gross Profit		 5,419 5,122 4,659 4,751 5,623 5,283 5,219 5,777 6,508 6,042 5,759
Total Revenue		 9,463 9,275 8,451 8,631 9,935 9,389 9,393 10,245 11,669 10,979 10,365
Operating Revenue		 9,463 9,275 8,451 8,631 9,935 9,389 9,393 10,245 11,669 10,979 10,365
Total Cost of Revenue		 4,044 4,153 3,792 3,880 4,312 4,106 4,174 4,468 5,161 4,937 4,606
Operating Cost of Revenue		 4,044 4,153 3,792 3,880 4,312 4,106 4,174 4,468 5,161 4,937 4,606
Total Operating Expenses		 2,954 3,032 2,836 3,341 2,695 2,943 2,998 3,195 2,953 2,922 2,997
Selling, General & Admin Expense		 623 614 618 628 627 707 664 761 723 706 771
Research & Development Expense		 2,251 2,210 2,222 2,135 2,096 2,236 2,259 2,302 2,230 2,216 2,226
Other Operating Expenses / (Income)		 80 208 -4.00 578 -28 0.00 75 132 0.00 0.00 0.00
Total Other Income / (Expense), net		 -94 -195 -66 10 34 158 58 15 80 -15 190
Interest Expense		 170 179 172 173 178 172 168 179 163 163 168
Other Income / (Expense), net		 76 -16 106 183 212 330 226 194 243 148 358
Income Tax Expense		 98 193 22 -209 151 223 171 -319 455 293 286
Net Income / (Loss) Discontinued Operations		 -38 2.00 68 -139 -44 51 21 4.00 0.00 0.00 0.00
Basic Earnings per Share		 $1.99 $1.53 $1.62 $1.33 $2.48 $2.08 $1.91 $2.62 $2.86 $2.55 $2.44
Weighted Average Basic Shares Outstanding		 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.11B 1.10B 1.09B
Diluted Earnings per Share		 $1.98 $1.52 $1.60 $1.32 $2.46 $2.06 $1.88 $2.57 $2.83 $2.52 $2.43
Weighted Average Diluted Shares Outstanding		 1.13B 1.12B 1.12B 1.13B 1.13B 1.13B 1.13B 1.13B 1.12B 1.12B 1.10B
Weighted Average Basic & Diluted Shares Outstanding		 1.12B 1.11B 1.12B 1.11B 1.12B 1.12B 1.11B 1.11B 1.11B 1.10B 1.08B
Cash Dividends to Common per Share		 $0.75 $0.75 $0.80 - $0.80 $0.80 $0.85 - $0.85 $0.85 $0.89

Annual Cash Flow Statements for QUALCOMM

This table details how cash moves in and out of QUALCOMM's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/28/2014 9/27/2015 9/25/2016 9/24/2017 9/30/2018 9/29/2019 9/27/2020 9/26/2021 9/25/2022 9/24/2023 9/29/2024
Net Change in Cash & Equivalents		 1,765 -347 -1,614 31,083 -25,004 62 -5,132 409 -4,017 5,428 -678
Net Cash From Operating Activities		 8,887 5,506 7,632 5,001 3,908 7,286 5,814 10,536 9,096 11,299 12,202
Net Cash From Continuing Operating Activities		 8,887 5,506 7,632 8,449 4,156 7,286 5,814 10,536 9,266 11,698 12,293
Net Income / (Loss) Continuing Operations		 7,964 5,268 5,702 2,444 -4,964 4,386 5,198 9,043 12,986 7,339 10,110
Consolidated Net Income / (Loss)		 7,964 5,268 5,702 2,444 -4,964 4,386 - 9,043 12,986 7,339 10,110
Depreciation Expense		 1,150 1,214 1,428 1,461 1,561 1,401 1,393 1,582 1,762 1,809 1,706
Non-Cash Adjustments To Reconcile Net Income		 391 971 431 199 5,539 2,723 830 372 2,318 1,402 -746
Changes in Operating Assets and Liabilities, net		 -618 -1,947 71 897 1,772 -1,224 -1,607 -461 -7,800 1,148 1,223
Net Cash From Discontinued Operating Activities		 - - - - - - 0.00 0.00 -170 -399 -91
Net Cash From Investing Activities		 -1,639 -3,572 -3,488 20,463 2,381 -806 -5,263 -3,356 -5,804 762 -3,623
Net Cash From Continuing Investing Activities		 -1,639 -3,572 -3,488 20,463 2,381 -806 -5,263 -3,356 -5,788 -621 -3,625
Purchase of Property, Plant & Equipment		 -1,185 -994 -539 -690 -784 -887 -1,407 -1,888 -2,262 -1,450 -1,041
Acquisitions		 -895 -3,019 -812 -1,544 -326 -252 -185 -1,377 -4,912 -235 -254
Purchase of Investments		 -16,876 -16,560 -18,192 -21,072 -5,936 0.00 -6,213 -5,907 -1,414 -668 -5,069
Sale of Property, Plant & Equipment		 37 266 - - - - - 3.00 5.00 127 10
Sale and/or Maturity of Investments		 16,411 16,738 15,674 43,744 9,410 266 2,499 5,875 2,754 1,586 2,765
Other Investing Activities, net		 81 -3.00 149 25 17 67 43 -62 41 19 -36
Net Cash From Discontinued Investing Activities		 - - - - - - - 0.00 -16 1,383 2.00
Net Cash From Financing Activities		 -5,480 -2,261 -5,754 5,571 -31,500 -6,386 -5,707 -6,798 -7,196 -6,663 -9,269
Net Cash From Continuing Financing Activities		 -5,480 -2,261 -5,754 5,571 -31,500 -6,386 -5,707 -6,798 -7,200 -6,605 -9,288
Repayment of Debt		 -64 -3,045 -8,234 -9,460 -16,751 -6,597 -5,193 -2,920 -8,926 -7,031 -1,730
Repurchase of Common Equity		 -4,549 -11,246 -3,923 -1,342 -22,580 -1,793 -2,450 -3,366 -3,129 -2,973 -4,121
Payment of Dividends		 -2,586 -2,880 -2,990 -3,252 -3,466 -2,968 -2,882 -3,008 -3,212 -3,462 -3,687
Issuance of Debt		 0.00 14,020 8,949 19,511 11,131 5,989 4,836 2,886 8,477 6,948 799
Issuance of Common Equity		 1,439 787 668 497 603 414 329 347 356 434 383
Other Financing Activities, net		 280 103 -224 -383 -437 -1,431 -347 -737 -766 -521 -932
Net Cash From Discontinued Financing Activities		 - - - - - - - 0.00 4.00 -58 19
Effect of Exchange Rate Changes		 -3.00 -20 -4.00 48 -41 -32 - 27 -113 30 12

Quarterly Cash Flow Statements for QUALCOMM

This table details how cash moves in and out of QUALCOMM's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 12/25/2022 3/26/2023 6/25/2023 9/24/2023 12/24/2023 3/24/2024 6/23/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025
Net Change in Cash & Equivalents		 1,974 -1,291 2,395 2,350 -333 1,025 -1,449 79 864 -1,510 568
Net Cash From Operating Activities		 3,095 1,457 2,657 4,090 2,949 3,554 3,052 2,647 4,587 2,554 2,875
Net Cash From Continuing Operating Activities		 3,123 1,490 2,990 4,095 2,965 3,629 3,052 2,647 4,587 2,554 2,875
Net Income / (Loss) Continuing Operations		 2,273 1,702 1,735 1,629 2,811 2,276 2,108 2,915 3,180 2,812 2,666
Consolidated Net Income / (Loss)		 2,273 1,702 1,735 1,629 2,811 2,276 2,108 2,915 3,180 2,812 2,666
Depreciation Expense		 398 470 479 462 437 411 419 439 436 397 398
Non-Cash Adjustments To Reconcile Net Income		 456 247 396 303 -472 -226 -200 152 938 -413 -167
Changes in Operating Assets and Liabilities, net		 -4.00 -929 380 1,701 189 1,168 725 -859 33 -242 -22
Net Cash From Investing Activities		 -133 -224 1,737 -618 -1,256 -939 -1,043 -385 -671 -1,289 1,631
Net Cash From Continuing Investing Activities		 -133 -224 342 -606 -1,256 -939 -1,041 -389 -671 -1,289 1,631
Purchase of Property, Plant & Equipment		 -398 -453 -306 -293 -214 -184 -387 -256 -277 -214 -294
Acquisitions		 -29 -32 -46 -128 -60 -105 -69 -20 -260 -81 -370
Purchase of Investments		 -22 - - -646 -1,452 -1,390 -1,314 -913 -914 -2,412 -459
Sale and/or Maturity of Investments		 219 283 630 454 463 777 725 800 752 1,444 2,749
Other Investing Activities, net		 -14 -32 64 1.00 7.00 -40 2.00 - 28 -26 5.00
Net Cash From Financing Activities		 -1,015 -2,543 -1,988 -1,117 -2,041 -1,580 -3,449 -2,199 -3,008 -2,781 -3,971
Net Cash From Continuing Financing Activities		 -1,015 -2,543 -1,930 -1,117 -2,041 -1,580 -3,468 -2,199 -3,008 -2,781 -3,971
Repayment of Debt		 -1,932 -4,225 -471 -403 -392 -403 -935 - -501 -2.00 -1,870
Repurchase of Common Equity		 -1,270 -903 -400 -400 -784 -731 -1,303 -1,303 -1,750 -1,748 -2,849
Payment of Dividends		 -842 -834 -893 -893 -895 -895 -949 -948 -942 -938 -968
Issuance of Debt		 3,338 3,210 - 400 400 399 - - 500 - 1,985
Other Financing Activities, net		 -309 -23 -167 -22 -370 -145 -282 -135 -315 -294 -269
Effect of Exchange Rate Changes		 27 19 -11 -5.00 15 -10 -9.00 16 -44 6.00 33

Annual Balance Sheets for QUALCOMM

This table presents QUALCOMM's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/28/2014 9/27/2015 9/25/2016 9/24/2017 9/30/2018 9/29/2019 9/27/2020 9/26/2021 9/25/2022 9/24/2023 9/29/2024
Total Assets		 48,574 50,796 52,359 65,486 32,718 32,957 35,594 41,240 49,014 51,040 55,154
Total Current Assets		 22,413 22,099 22,981 43,593 17,384 16,765 18,519 20,075 20,724 22,464 25,231
Cash & Equivalents		 7,907 7,560 5,946 35,029 11,777 11,839 6,707 7,116 2,773 8,450 7,849
Restricted Cash		 - - - - - - - - - - 0.00
Short-Term Investments		 9,658 9,761 12,702 2,279 311 421 4,507 5,298 3,609 2,874 5,451
Accounts Receivable		 2,412 1,964 2,219 3,632 2,904 2,471 4,003 3,579 5,643 3,183 3,929
Inventories, net		 1,458 1,492 1,556 2,035 1,693 1,400 2,598 3,228 6,341 6,422 6,423
Other Current Assets		 401 687 558 618 699 634 704 854 1,625 1,194 1,579
Plant, Property, & Equipment, net		 2,487 2,534 2,306 3,216 2,975 3,081 3,711 4,559 5,168 5,042 4,665
Total Noncurrent Assets		 23,674 26,163 27,072 18,677 12,359 13,111 13,364 16,606 23,122 23,534 25,258
Goodwill		 4,488 5,479 5,679 6,623 6,498 6,282 6,323 7,246 10,508 10,642 10,799
Intangible Assets		 2,580 3,742 3,500 3,737 2,955 2,172 1,653 1,458 1,882 1,408 1,244
Noncurrent Deferred & Refundable Income Taxes		 1,174 1,453 2,030 2,900 936 1,196 1,351 1,591 1,803 3,310 5,162
Other Noncurrent Operating Assets		 975 1,863 2,161 4,147 1,970 3,461 4,037 6,311 7,729 8,086 8,053
Total Liabilities & Shareholders' Equity		 48,574 50,796 52,359 65,486 32,718 32,957 35,594 41,240 49,014 51,040 55,154
Total Liabilities		 9,408 19,382 20,591 34,740 31,911 28,048 29,517 31,290 31,001 29,459 28,880
Total Current Liabilities		 6,013 6,100 7,311 10,907 11,389 8,935 8,672 11,951 11,866 9,628 10,504
Short-Term Debt		 0.00 1,000 1,749 2,495 1,005 2,496 500 2,044 1,945 914 1,364
Accounts Payable		 2,183 1,300 1,858 1,971 1,825 1,368 2,248 2,750 3,796 1,912 2,584
Current Deferred Revenue		 785 583 509 502 500 565 568 612 369 293 297
Current Employee Benefit Liabilities		 802 861 934 1,183 1,081 1,048 1,053 1,531 1,486 1,685 1,834
Other Current Liabilities		 2,243 2,356 2,261 4,756 6,978 3,458 4,303 5,014 3,689 4,491 4,425
Total Noncurrent Liabilities		 3,395 13,282 13,280 23,833 20,522 19,113 20,845 19,339 19,135 19,831 18,376
Long-Term Debt		 0.00 9,969 10,008 19,398 15,365 13,437 15,226 13,701 13,537 14,484 13,270
Noncurrent Deferred Revenue		 2,967 2,496 2,377 2,003 3,932 3,248 2,633 2,077 1,616 99 88
Other Noncurrent Operating Liabilities		 428 817 895 2,432 1,225 2,428 2,986 3,561 3,863 5,210 5,018
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 39,166 31,414 31,768 30,746 807 4,909 6,077 9,950 18,013 21,581 26,274
Total Preferred & Common Equity		 39,169 31,421 31,778 30,746 807 4,909 6,077 9,950 18,013 21,581 26,274
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 39,169 31,421 31,778 30,746 807 4,909 6,077 9,950 18,013 21,581 26,274
Common Stock		 7,736 0.00 414 274 0.00 343 586 0.00 195 490 0.00
Retained Earnings		 30,799 31,226 30,936 30,088 542 4,466 5,284 9,822 17,840 20,733 25,687
Accumulated Other Comprehensive Income / (Loss)		 634 195 428 384 265 100 207 128 -22 358 587
Other Equity Adjustments		 - - - - - 0.00 - - 0.00 0.00 0.00

Quarterly Balance Sheets for QUALCOMM

This table presents QUALCOMM's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 12/25/2022 3/26/2023 6/25/2023 9/24/2023 12/24/2023 3/24/2024 6/23/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025
Total Assets		 50,014 48,362 49,002 51,040 52,135 53,167 52,741 55,154 55,575 55,372 54,862
Total Current Assets		 21,098 19,073 20,476 22,464 23,439 24,232 23,332 25,231 26,065 26,080 24,913
Cash & Equivalents		 4,808 3,488 6,087 8,450 8,133 9,219 7,770 7,849 8,713 7,203 5,448
Restricted Cash		 - - - - - - - - - - 2,323
Short-Term Investments		 3,430 3,188 2,544 2,874 3,921 4,632 5,262 5,451 5,592 6,643 4,563
Accounts Receivable		 3,960 3,691 3,850 3,183 3,513 3,054 2,948 3,929 3,550 3,699 3,410
Inventories, net		 6,932 6,858 6,628 6,422 6,247 6,087 6,020 6,423 6,303 6,196 6,338
Other Current Assets		 1,247 1,032 1,050 1,194 1,288 1,240 1,332 1,579 1,907 2,339 2,831
Plant, Property, & Equipment, net		 5,215 5,281 5,216 5,042 4,907 4,724 4,744 4,665 4,460 4,410 4,496
Total Noncurrent Assets		 23,701 24,008 23,310 23,534 23,789 24,211 24,665 25,258 25,050 24,882 25,453
Goodwill		 10,566 10,579 10,591 10,642 10,722 10,760 10,770 10,799 10,908 10,948 11,366
Intangible Assets		 1,796 1,727 1,618 1,408 1,387 1,331 1,296 1,244 1,225 1,183 1,202
Noncurrent Deferred & Refundable Income Taxes		 2,092 2,477 2,773 3,310 3,579 3,978 4,420 5,162 5,409 5,750 6,114
Other Noncurrent Operating Assets		 8,048 7,974 8,110 8,086 8,032 8,142 8,179 8,053 7,508 7,001 6,771
Total Liabilities & Shareholders' Equity		 50,014 48,362 49,002 51,040 52,135 53,167 52,741 55,154 55,575 55,372 54,862
Total Liabilities		 31,204 28,664 28,332 29,459 29,077 28,698 28,071 28,880 28,695 27,644 27,653
Total Current Liabilities		 10,081 7,866 8,463 9,628 9,169 9,143 9,747 10,504 9,954 9,544 7,800
Short-Term Debt		 1,446 499 914 914 914 914 1,364 1,364 1,365 1,365 0.00
Accounts Payable		 2,562 1,430 1,744 1,912 2,147 2,314 2,586 2,584 2,581 2,479 2,337
Current Deferred Revenue		 289 277 249 293 210 253 263 297 212 232 285
Current Employee Benefit Liabilities		 1,460 1,227 1,546 1,685 1,757 1,253 1,780 1,834 1,424 1,248 1,586
Other Current Liabilities		 3,678 3,785 3,710 4,491 3,805 4,409 3,754 4,425 4,372 4,220 3,592
Total Noncurrent Liabilities		 21,123 20,798 19,869 19,831 19,908 19,555 18,324 18,376 18,741 18,100 19,853
Long-Term Debt		 15,431 15,486 14,530 14,484 14,566 14,543 13,190 13,270 13,212 13,258 14,788
Noncurrent Deferred Revenue		 1,577 1,188 1,190 99 1,149 661 634 88 77 82 93
Other Noncurrent Operating Liabilities		 4,004 4,008 4,113 5,210 4,150 4,351 4,500 5,018 5,452 4,760 4,972
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 18,810 19,698 20,670 21,581 23,058 24,469 24,670 26,274 26,880 27,728 27,209
Total Preferred & Common Equity		 18,810 19,698 20,670 21,581 23,058 24,469 24,670 26,274 26,880 27,728 27,209
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 18,810 19,698 20,670 21,581 23,058 24,469 24,670 26,274 26,880 27,728 27,209
Common Stock		 0.00 0.00 77 490 0.00 66 0.00 0.00 0.00 0.00 0.00
Retained Earnings		 18,517 19,280 20,163 20,733 22,565 23,965 24,273 25,687 26,607 27,333 26,552
Accumulated Other Comprehensive Income / (Loss)		 293 418 430 358 493 438 397 587 273 395 657
Other Equity Adjustments		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Metrics And Ratios for QUALCOMM

This table displays calculated financial ratios and metrics derived from QUALCOMM's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/28/2014 9/27/2015 9/25/2016 9/24/2017 9/30/2018 9/29/2019 9/27/2020 9/26/2021 9/25/2022 9/24/2023 9/29/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.52% -4.55% -6.83% -5.50% 1.59% 7.35% -3.06% 42.65% 31.68% -18.96% 8.77%
EBITDA Growth		 5.49% -19.66% 13.35% -48.98% -46.02% 315.58% -15.66% 62.33% 38.94% -42.34% 28.08%
EBIT Growth		 4.43% -23.50% 12.45% -60.26% -75.94% 1,134.62% -18.42% 73.19% 42.97% -47.46% 35.59%
NOPAT Growth		 7.29% -27.61% 15.55% -61.04% -472.38% 157.16% 26.48% 51.55% 59.38% -44.08% 28.28%
Net Income Growth		 16.35% -33.85% 8.24% -57.14% -303.11% 188.36% 18.51% 73.97% 43.05% -44.09% 40.24%
EPS Growth		 18.93% -30.75% 18.32% -56.96% -306.71% 205.90% 25.91% 74.12% 44.47% -43.54% 39.72%
Operating Cash Flow Growth		 1.24% -38.04% 38.61% -34.47% -21.86% 86.44% -20.20% 81.22% -13.67% 24.22% 7.99%
Free Cash Flow Firm Growth		 -0.21% -93.38% 1,325.20% -113.63% 243.13% -9.57% 267.06% 61.06% -80.87% 602.53% -1.54%
Invested Capital Growth		 6.93% 60.08% -2.28% 25.83% -63.81% 68.64% 23.39% 25.42% 94.86% -1.09% 7.86%
Revenue Q/Q Growth		 0.80% -4.66% 3.19% -1.32% -0.48% -3.82% 17.66% 3.04% 4.89% -7.16% 4.32%
EBITDA Q/Q Growth		 5.17% -10.52% 9.27% -26.08% -31.32% 17.22% 55.86% 4.90% 2.72% -16.29% 10.02%
EBIT Q/Q Growth		 5.65% -12.84% 11.35% -36.55% -61.55% 21.91% 78.56% 4.78% 2.60% -18.99% 12.01%
NOPAT Q/Q Growth		 6.01% -13.14% 10.19% -37.06% -246.03% 28.79% 79.09% -6.78% 4.75% -15.92% 14.91%
Net Income Q/Q Growth		 5.20% -13.65% 10.40% -19.63% -43.93% 30.26% 89.43% -1.75% 0.58% -16.05% 16.41%
EPS Q/Q Growth		 5.68% -11.54% 11.08% -36.92% -16.49% 28.21% 90.72% -1.50% 0.71% -15.86% 16.19%
Operating Cash Flow Q/Q Growth		 -9.11% -10.95% 7.81% 46.83% -47.34% 29.28% 9.70% -5.93% 4.23% 30.55% -10.58%
Free Cash Flow Firm Q/Q Growth		 -16.69% -84.59% 134.39% -11.43% -68.81% -81.99% 77.31% -13.69% 160.25% 43.90% -18.88%
Invested Capital Q/Q Growth		 17.67% 28.73% -1.79% -8.87% -47.01% 13.96% 22.69% 20.63% 9.27% -6.18% 5.41%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 59.66% 58.95% 58.61% 56.01% 54.69% 64.57% 60.67% 57.51% 57.84% 55.70% 56.21%
EBITDA Margin		 32.85% 27.65% 33.64% 18.16% 9.65% 37.36% 32.50% 36.99% 39.03% 27.77% 32.70%
Operating Margin		 28.50% 22.85% 27.57% 11.60% 2.75% 31.59% 26.58% 29.16% 35.88% 21.74% 25.85%
EBIT Margin		 28.50% 22.85% 27.57% 11.60% 2.75% 31.59% 26.58% 32.27% 35.04% 22.72% 28.32%
Profit (Net Income) Margin		 30.07% 20.84% 24.21% 10.98% -21.95% 18.07% 22.09% 26.94% 29.27% 20.19% 26.03%
Tax Burden Percent		 90.73% 81.21% 83.45% 81.82% -1,266.33% 58.63% 90.89% 88.02% 86.25% 97.17% 98.12%
Interest Burden Percent		 116.26% 112.31% 105.20% 115.73% 63.12% 97.57% 91.43% 94.84% 96.84% 91.47% 93.68%
Effective Tax Rate		 14.17% 18.79% 16.55% 18.18% 1,366.33% 41.37% 9.11% 11.98% 13.42% 1.40% 2.19%
Return on Invested Capital (ROIC)		 93.74% 50.49% 47.94% 16.74% -82.13% 65.76% 59.31% 72.19% 70.13% 29.84% 37.03%
ROIC Less NNEP Spread (ROIC-NNEP)		 88.91% 48.27% 46.55% 14.95% -128.89% 63.02% 47.41% 83.08% 55.91% 22.31% 47.92%
Return on Net Nonoperating Assets (RNNOA)		 -72.58% -35.56% -29.89% -8.92% 50.66% 87.70% 35.32% 40.66% 22.39% 6.70% 5.36%
Return on Equity (ROE)		 21.17% 14.93% 18.05% 7.82% -31.46% 153.46% 94.63% 112.85% 92.52% 36.53% 42.39%
Cash Return on Invested Capital (CROIC)		 87.05% 4.29% 50.25% -6.14% 11.57% 14.66% 38.37% 49.64% 5.79% 30.93% 29.47%
Operating Return on Assets (OROA)		 16.05% 11.63% 12.59% 4.38% 1.26% 23.35% 18.25% 28.20% 34.32% 16.27% 20.78%
Return on Assets (ROA)		 16.93% 10.60% 11.06% 4.15% -10.11% 13.36% 15.17% 23.54% 28.67% 14.46% 19.10%
Return on Common Equity (ROCE)		 21.17% 14.93% 18.05% 7.82% -31.46% 153.46% 94.63% 112.85% 92.52% 36.53% 42.39%
Return on Equity Simple (ROE_SIMPLE)		 20.33% 16.77% 17.94% 7.95% -615.12% 89.35% 85.54% 90.88% 71.81% 33.51% 38.60%
Net Operating Profit after Tax (NOPAT)		 6,480 4,691 5,420 2,112 -7,864 4,495 5,685 8,616 13,732 7,679 9,851
NOPAT Margin		 24.46% 18.55% 23.01% 9.49% -34.78% 18.52% 24.16% 25.67% 31.07% 21.44% 25.28%
Net Nonoperating Expense Percent (NNEP)		 4.83% 2.22% 1.39% 1.78% 46.76% 2.74% 11.90% -10.89% 14.22% 7.53% -10.89%
Cost of Revenue to Revenue		 40.34% 41.05% 41.39% 43.99% 45.31% 35.43% 39.33% 42.49% 42.16% 44.30% 43.79%
SG&A Expenses to Revenue		 8.65% 9.27% 10.13% 11.94% 13.21% 9.04% 8.81% 6.97% 5.81% 6.93% 7.08%
R&D to Revenue		 20.68% 21.72% 21.87% 24.64% 24.88% 22.24% 25.39% 21.38% 18.54% 24.62% 22.82%
Operating Expenses to Revenue		 31.15% 36.10% 31.04% 44.41% 51.95% 32.99% 34.09% 28.35% 21.96% 33.96% 30.37%
Earnings before Interest and Taxes (EBIT)		 7,550 5,776 6,495 2,581 621 7,667 6,255 10,833 15,488 8,137 11,033
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 8,700 6,990 7,923 4,042 2,182 9,068 7,648 12,415 17,250 9,946 12,739
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.41 2.05 2.33 2.08 113.11 17.03 19.63 14.28 7.21 5.45 7.21
Price to Tangible Book Value (P/TBV)		 2.94 2.91 3.28 3.14 0.00 0.00 0.00 114.06 23.09 12.35 13.32
Price to Revenue (P/Rev)		 3.57 2.55 3.14 2.87 4.04 3.44 5.07 4.23 2.94 3.29 4.86
Price to Earnings (P/E)		 11.86 12.24 12.98 26.16 0.00 19.06 22.95 15.72 10.04 16.28 18.69
Dividend Yield		 2.73% 4.38% 4.02% 5.08% 3.83% 3.61% 2.99% 2.14% 2.47% 2.94% 1.94%
Earnings Yield		 8.43% 8.17% 7.70% 3.82% 0.00% 5.25% 4.36% 6.36% 9.96% 6.14% 5.35%
Enterprise Value to Invested Capital (EV/IC)		 8.74 3.89 4.78 3.36 18.78 10.17 11.69 10.95 5.37 4.76 6.91
Enterprise Value to Revenue (EV/Rev)		 2.36 1.76 2.27 2.12 4.23 3.59 5.26 4.33 3.14 3.40 4.90
Enterprise Value to EBITDA (EV/EBITDA)		 7.18 6.37 6.75 11.69 43.80 9.62 16.19 11.72 8.05 12.25 14.98
Enterprise Value to EBIT (EV/EBIT)		 8.27 7.71 8.23 18.31 153.89 11.38 19.79 13.43 8.97 14.97 17.30
Enterprise Value to NOPAT (EV/NOPAT)		 9.64 9.49 9.86 22.38 0.00 19.41 21.78 16.88 10.12 15.86 19.38
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.03 8.09 7.00 9.45 24.45 11.98 21.29 13.81 15.27 10.78 15.64
Enterprise Value to Free Cash Flow (EV/FCFF)		 10.38 111.73 9.41 0.00 86.24 87.08 33.66 24.55 122.59 15.30 24.34
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.35 0.37 0.71 20.29 3.25 2.59 1.58 0.86 0.71 0.56
Long-Term Debt to Equity		 0.00 0.32 0.32 0.63 19.04 2.74 2.51 1.38 0.75 0.67 0.51
Financial Leverage		 -0.82 -0.74 -0.64 -0.60 -0.39 1.39 0.75 0.49 0.40 0.30 0.11
Leverage Ratio		 1.25 1.41 1.63 1.89 3.11 11.49 6.24 4.79 3.23 2.53 2.22
Compound Leverage Factor		 1.45 1.58 1.72 2.18 1.96 11.21 5.71 4.55 3.13 2.31 2.08
Debt to Total Capital		 0.00% 25.88% 27.01% 41.59% 95.30% 76.45% 72.13% 61.28% 46.22% 41.64% 35.77%
Short-Term Debt to Total Capital		 0.00% 2.36% 4.02% 4.74% 5.85% 11.98% 2.29% 7.95% 5.81% 2.47% 3.33%
Long-Term Debt to Total Capital		 0.00% 23.52% 22.99% 36.85% 89.45% 64.47% 69.83% 53.32% 40.42% 39.17% 32.44%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -0.01% -0.02% -0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.01% 74.14% 73.01% 58.41% 4.70% 23.55% 27.87% 38.72% 53.78% 58.36% 64.23%
Debt to EBITDA		 0.00 1.57 1.48 5.42 7.50 1.76 2.06 1.27 0.90 1.55 1.15
Net Debt to EBITDA		 0.00 -2.86 -2.60 -4.13 1.96 0.41 0.59 0.27 0.53 0.41 0.10
Long-Term Debt to EBITDA		 0.00 1.43 1.26 4.80 7.04 1.48 1.99 1.10 0.78 1.46 1.04
Debt to NOPAT		 0.00 2.34 2.17 10.37 -2.08 3.54 2.77 1.83 1.13 2.01 1.49
Net Debt to NOPAT		 0.00 -4.26 -3.80 -7.90 -0.54 0.82 0.79 0.39 0.66 0.53 0.14
Long-Term Debt to NOPAT		 0.00 2.13 1.85 9.19 -1.95 2.99 2.68 1.59 0.99 1.89 1.35
Altman Z-Score		 8.38 4.11 4.20 2.82 2.71 3.77 4.21 4.98 5.18 4.50 6.28
Noncontrolling Interest Sharing Ratio		 -0.01% -0.01% -0.03% -0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.73 3.62 3.14 4.00 1.53 1.88 2.14 1.68 1.75 2.33 2.40
Quick Ratio		 3.32 3.16 2.85 3.75 1.32 1.65 1.75 1.34 1.01 1.51 1.64
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 6,017 399 5,681 -774 1,108 1,002 3,678 5,924 1,133 7,962 7,840
Operating Cash Flow to CapEx		 774.13% 756.32% 1,415.96% 724.78% 498.47% 821.42% 413.22% 558.94% 403.01% 854.04% 1,183.51%
Free Cash Flow to Firm to Interest Expense		 1,203.41 3.83 19.13 -1.57 1.44 1.60 6.11 10.60 2.31 11.47 11.25
Operating Cash Flow to Interest Expense		 1,777.40 52.94 25.70 10.12 5.09 11.62 9.66 18.85 18.56 16.28 17.51
Operating Cash Flow Less CapEx to Interest Expense		 1,547.80 45.94 23.88 8.73 4.07 10.21 7.32 15.48 13.96 14.37 16.03
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.56 0.51 0.46 0.38 0.46 0.74 0.69 0.87 0.98 0.72 0.73
Accounts Receivable Turnover		 11.63 11.55 11.26 7.61 6.92 9.03 7.27 8.85 9.59 8.12 10.96
Inventory Turnover		 7.74 7.04 6.40 5.45 5.50 5.56 4.63 4.90 3.89 2.49 2.66
Fixed Asset Turnover		 9.66 10.07 9.73 8.06 7.30 8.02 6.93 8.12 9.09 7.02 8.03
Accounts Payable Turnover		 5.72 5.96 6.17 5.11 5.40 5.39 5.12 5.71 5.69 5.56 7.59
Days Sales Outstanding (DSO)		 31.38 31.59 32.41 47.97 52.75 40.41 50.21 41.22 38.08 44.97 33.31
Days Inventory Outstanding (DIO)		 47.14 51.88 57.06 66.93 66.42 65.64 78.84 74.55 93.71 146.78 137.41
Days Payable Outstanding (DPO)		 63.82 61.25 59.12 71.36 67.63 67.77 71.30 63.96 64.11 65.64 48.10
Cash Conversion Cycle (CCC)		 14.69 22.22 30.35 43.54 51.54 38.29 57.74 51.82 67.68 126.10 122.63
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 7,144 11,436 11,175 14,061 5,089 8,582 10,589 13,281 25,880 25,597 27,608
Invested Capital Turnover		 3.83 2.72 2.08 1.76 2.36 3.55 2.45 2.81 2.26 1.39 1.46
Increase / (Decrease) in Invested Capital		 463 4,292 -261 2,886 -8,972 3,493 2,007 2,692 12,599 -283 2,011
Enterprise Value (EV)		 62,466 44,537 53,451 47,269 95,564 87,257 123,800 145,454 138,938 121,789 190,859
Market Capitalization		 94,491 64,522 74,054 63,954 91,282 83,584 119,288 142,123 129,838 117,715 189,525
Book Value per Share		 $23.37 $20.00 $21.56 $20.83 $0.55 $4.04 $5.39 $8.82 $16.04 $19.34 $23.59
Tangible Book Value per Share		 $19.15 $14.13 $15.34 $13.81 ($5.89) ($2.92) ($1.68) $1.10 $5.01 $8.54 $12.77
Total Capital		 39,166 42,383 43,525 52,639 17,177 20,842 21,803 25,695 33,495 36,979 40,908
Total Debt		 0.00 10,969 11,757 21,893 16,370 15,933 15,726 15,745 15,482 15,398 14,634
Total Long-Term Debt		 0.00 9,969 10,008 19,398 15,365 13,437 15,226 13,701 13,537 14,484 13,270
Net Debt		 -32,022 -19,978 -20,593 -16,685 4,282 3,673 4,512 3,331 9,100 4,074 1,334
Capital Expenditures (CapEx)		 1,148 728 539 690 784 887 1,407 1,885 2,257 1,323 1,031
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,165 -322 -1,229 -2,127 -5,088 -1,934 -867 -2,246 4,421 2,426 2,791
Debt-free Net Working Capital (DFNWC)		 16,400 16,999 17,419 35,181 7,000 10,326 10,347 10,168 10,803 13,750 16,091
Net Working Capital (NWC)		 16,400 15,999 15,670 32,686 5,995 7,830 9,847 8,124 8,858 12,836 14,727
Net Nonoperating Expense (NNE)		 -1,484 -577 -282 -332 -2,900 109 487 -427 796 447 -291
Net Nonoperating Obligations (NNO)		 -32,022 -19,978 -20,593 -16,685 4,282 3,673 4,512 3,331 7,867 4,016 1,334
Total Depreciation and Amortization (D&A)		 1,150 1,214 1,428 1,461 1,561 1,401 1,393 1,582 1,762 1,809 1,706
Debt-free, Cash-free Net Working Capital to Revenue		 -4.40% -1.27% -5.22% -9.56% -22.50% -7.97% -3.68% -6.69% 10.00% 6.77% 7.16%
Debt-free Net Working Capital to Revenue		 61.92% 67.24% 73.95% 158.06% 30.96% 42.54% 43.97% 30.29% 24.44% 38.39% 41.30%
Net Working Capital to Revenue		 61.92% 63.28% 66.53% 146.85% 26.51% 32.26% 41.85% 24.20% 20.04% 35.83% 37.80%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $3.26 $3.84 $1.67 ($3.32) $3.63 $4.58 $7.99 $11.52 $6.47 $9.09
Adjusted Weighted Average Basic Shares Outstanding		 0.00 1.62B 1.48B 1.48B 1.46B 1.21B 1.14B 1.13B 1.12B 1.12B 1.12B
Adjusted Diluted Earnings per Share		 $0.00 $3.22 $3.81 $1.65 ($3.32) $3.59 $4.52 $7.87 $11.37 $6.42 $8.97
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 1.64B 1.50B 1.49B 1.46B 1.22B 1.15B 1.15B 1.14B 1.13B 1.13B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $3.63 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 1.50B 1.48B 1.47B 1.21B 1.14B 1.13B 1.12B 1.12B 1.11B 1.11B
Normalized Net Operating Profit after Tax (NOPAT)		 6,480 4,691 5,420 2,112 435 4,495 5,685 8,616 13,732 7,679 9,851
Normalized NOPAT Margin		 24.46% 18.55% 23.01% 9.49% 1.92% 18.52% 24.16% 25.67% 31.07% 21.44% 25.28%
Pre Tax Income Margin		 33.14% 25.66% 29.01% 13.42% 1.73% 30.82% 24.30% 30.61% 33.93% 20.78% 26.53%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1,510.00 55.54 21.87 5.22 0.81 12.23 10.39 19.38 31.61 11.72 15.83
NOPAT to Interest Expense		 1,296.01 45.10 18.25 4.27 -10.24 7.17 9.44 15.41 28.03 11.07 14.13
EBIT Less CapEx to Interest Expense		 1,280.40 48.54 20.05 3.83 -0.21 10.81 8.05 16.01 27.00 9.82 14.35
NOPAT Less CapEx to Interest Expense		 1,066.41 38.10 16.43 2.88 -11.26 5.75 7.11 12.04 23.42 9.16 12.65
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 32.47% 54.67% 52.44% 133.06% -69.82% 67.67% 55.44% 33.26% 24.83% 47.87% 36.35%
Augmented Payout Ratio		 89.59% 268.15% 121.24% 187.97% -524.70% 108.55% 102.58% 70.49% 49.02% 88.98% 76.99%

Quarterly Metrics And Ratios for QUALCOMM

This table displays calculated financial ratios and metrics derived from QUALCOMM's official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 12/25/2022 3/26/2023 6/25/2023 9/24/2023 12/24/2023 3/24/2024 6/23/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -11.60% -16.92% -22.72% -24.26% 4.99% 1.23% 11.15% 18.70% 17.45% 16.93% 10.35%
EBITDA Growth		 -31.17% -36.21% -49.27% -50.55% 21.71% 21.11% 19.02% 56.45% 18.37% 18.95% 22.75%
EBIT Growth		 -34.24% -41.74% -55.23% -56.55% 23.57% 28.74% 26.85% 74.26% 20.96% 22.40% 27.50%
NOPAT Growth		 -30.46% -43.23% -54.25% -47.61% 17.59% 13.53% 14.12% 79.23% 11.92% 32.59% 21.42%
Net Income Growth		 -34.25% -41.92% -51.66% -48.14% 23.80% 36.50% 18.08% 95.97% 14.93% 20.89% 25.22%
EPS Growth		 -33.56% -40.86% -51.37% -47.83% 24.24% 35.53% 17.50% 94.70% 15.04% 22.33% 29.26%
Operating Cash Flow Growth		 50.46% -46.00% -8.22% 182.85% -4.72% 143.93% 14.87% -35.28% 55.54% -28.14% -5.80%
Free Cash Flow Firm Growth		 -421.80% -231.66% 79.40% 119.98% 132.00% 144.95% 274.81% -53.27% -7.39% -89.48% -131.04%
Invested Capital Growth		 66.65% 58.65% 15.20% -1.09% 0.65% -5.88% -4.00% 7.86% 2.63% 9.32% 13.25%
Revenue Q/Q Growth		 -16.95% -1.99% -8.88% 2.13% 15.11% -5.50% 0.04% 9.07% 13.90% -5.91% -5.59%
EBITDA Q/Q Growth		 -29.28% -13.44% -5.35% -14.66% 74.06% -13.87% -6.98% 12.18% 31.70% -13.44% -4.01%
EBIT Q/Q Growth		 -30.69% -18.38% -6.99% -17.42% 97.11% -14.97% -8.35% 13.45% 36.82% -13.95% -4.53%
NOPAT Q/Q Growth		 -23.45% -20.57% -4.10% -10.15% 71.79% -23.31% -3.60% 41.12% 7.27% -9.15% -11.72%
Net Income Q/Q Growth		 -22.21% -23.76% 5.81% -17.36% 85.70% -15.94% -8.47% 37.15% 8.90% -11.57% -5.19%
EPS Q/Q Growth		 -21.74% -23.23% 5.26% -17.50% 86.36% -16.26% -8.74% 36.70% 10.12% -10.95% -3.57%
Operating Cash Flow Q/Q Growth		 114.04% -52.92% 82.36% 53.93% -27.90% 20.52% -14.12% -13.27% 73.29% -44.32% 12.57%
Free Cash Flow Firm Q/Q Growth		 14.32% -2.64% 78.48% 205.60% 37.21% 44.19% -16.32% -71.77% 171.91% -83.62% -346.87%
Invested Capital Q/Q Growth		 1.57% 5.39% -1.52% -6.18% 3.36% -1.44% 0.45% 5.41% -1.65% 4.98% 4.06%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 57.27% 55.22% 55.13% 55.05% 56.60% 56.27% 55.56% 56.39% 55.77% 55.03% 55.56%
EBITDA Margin		 31.06% 27.43% 28.49% 23.81% 36.00% 32.82% 30.51% 31.38% 36.28% 33.38% 33.94%
Operating Margin		 26.05% 22.53% 21.57% 16.34% 29.47% 24.92% 23.65% 25.20% 30.47% 28.42% 26.65%
EBIT Margin		 26.85% 22.36% 22.83% 18.46% 31.61% 28.44% 26.05% 27.10% 32.55% 29.77% 30.10%
Profit (Net Income) Margin		 23.62% 18.37% 21.33% 17.26% 27.85% 24.77% 22.67% 28.50% 27.25% 25.61% 25.72%
Tax Burden Percent		 94.26% 89.92% 102.62% 104.93% 93.42% 93.11% 93.42% 112.44% 87.48% 90.56% 90.31%
Interest Burden Percent		 93.31% 91.37% 91.08% 89.14% 94.33% 93.56% 93.13% 93.55% 95.71% 95.01% 94.62%
Effective Tax Rate		 4.13% 10.18% 1.25% -14.72% 5.10% 8.93% 7.50% -12.28% 12.52% 9.44% 9.69%
Return on Invested Capital (ROIC)		 51.01% 36.81% 32.25% 26.08% 38.49% 30.73% 30.55% 41.45% 40.46% 39.88% 37.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 48.86% 33.95% 32.29% 23.94% 38.27% 34.79% 32.38% 42.22% 44.28% 38.74% 45.91%
Return on Net Nonoperating Assets (RNNOA)		 19.32% 12.48% 12.53% 7.18% 9.94% 7.57% 5.81% 4.72% 3.25% 1.77% 3.52%
Return on Equity (ROE)		 70.33% 49.29% 44.78% 33.27% 48.43% 38.30% 36.36% 46.17% 43.72% 41.65% 40.79%
Cash Return on Invested Capital (CROIC)		 10.40% 4.53% 21.71% 30.93% 30.03% 36.99% 36.15% 29.47% 35.40% 30.98% 28.10%
Operating Return on Assets (OROA)		 24.85% 19.82% 18.34% 13.22% 22.46% 20.39% 19.13% 19.88% 24.60% 23.19% 24.20%
Return on Assets (ROA)		 21.86% 16.29% 17.15% 12.36% 19.79% 17.77% 16.64% 20.91% 20.59% 19.96% 20.68%
Return on Common Equity (ROCE)		 70.33% 49.29% 44.78% 33.27% 48.43% 38.30% 36.36% 46.17% 43.72% 41.65% 40.79%
Return on Equity Simple (ROE_SIMPLE)		 62.58% 53.52% 41.68% 0.00% 33.67% 34.27% 35.31% 0.00% 39.27% 39.82% 0.00%
Net Operating Profit after Tax (NOPAT)		 2,363 1,877 1,800 1,618 2,779 2,131 2,054 2,899 3,110 2,826 2,494
NOPAT Margin		 24.97% 20.24% 21.30% 18.74% 27.97% 22.70% 21.87% 28.30% 26.65% 25.74% 24.07%
Net Nonoperating Expense Percent (NNEP)		 2.15% 2.85% -0.04% 2.15% 0.22% -4.06% -1.84% -0.78% -3.81% 1.14% -8.63%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - 7.21% - - - 7.50% 6.67% 5.94%
Cost of Revenue to Revenue		 42.73% 44.78% 44.87% 44.95% 43.40% 43.73% 44.44% 43.61% 44.23% 44.97% 44.44%
SG&A Expenses to Revenue		 6.58% 6.62% 7.31% 7.28% 6.31% 7.53% 7.07% 7.43% 6.20% 6.43% 7.44%
R&D to Revenue		 23.79% 23.83% 26.29% 24.74% 21.10% 23.82% 24.05% 22.47% 19.11% 20.18% 21.48%
Operating Expenses to Revenue		 31.22% 32.69% 33.56% 38.71% 27.13% 31.35% 31.92% 31.19% 25.31% 26.61% 28.91%
Earnings before Interest and Taxes (EBIT)		 2,541 2,074 1,929 1,593 3,140 2,670 2,447 2,776 3,798 3,268 3,120
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,939 2,544 2,408 2,055 3,577 3,081 2,866 3,215 4,234 3,665 3,518
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 6.37 6.86 5.98 5.45 6.79 7.73 9.61 7.21 6.50 6.09 6.40
Price to Tangible Book Value (P/TBV)		 18.60 18.27 14.60 12.35 14.30 15.27 18.82 13.32 11.85 10.83 11.89
Price to Revenue (P/Rev)		 2.79 3.29 3.20 3.29 4.32 5.19 6.35 4.86 4.29 3.99 4.02
Price to Earnings (P/E)		 10.19 12.81 14.34 16.28 20.17 22.54 27.22 18.69 16.55 15.30 15.04
Dividend Yield		 2.74% 2.48% 2.75% 2.94% 2.24% 1.89% 1.53% 1.94% 2.13% 0.00% 2.17%
Earnings Yield		 9.82% 7.81% 6.97% 6.14% 4.96% 4.44% 3.67% 5.35% 6.04% 6.54% 6.65%
Enterprise Value to Invested Capital (EV/IC)		 4.89 5.21 4.78 4.76 6.05 7.31 9.11 6.91 6.44 5.95 5.95
Enterprise Value to Revenue (EV/Rev)		 2.99 3.52 3.38 3.40 4.41 5.24 6.39 4.90 4.30 4.01 4.08
Enterprise Value to EBITDA (EV/EBITDA)		 7.93 9.96 10.97 12.25 15.12 17.14 20.62 14.98 13.06 12.14 12.06
Enterprise Value to EBIT (EV/EBIT)		 8.89 11.37 12.98 14.97 18.32 20.43 24.23 17.30 14.97 13.81 13.62
Enterprise Value to NOPAT (EV/NOPAT)		 10.12 12.82 14.27 15.86 19.78 22.92 27.85 19.38 17.18 15.59 15.60
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.69 16.23 15.06 10.78 14.35 14.39 17.49 15.64 12.64 13.22 13.94
Enterprise Value to Free Cash Flow (EV/FCFF)		 58.77 141.23 23.56 15.30 20.21 19.17 24.70 24.34 18.44 20.07 22.49
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.90 0.81 0.75 0.71 0.67 0.63 0.59 0.56 0.54 0.53 0.54
Long-Term Debt to Equity		 0.82 0.79 0.70 0.67 0.63 0.59 0.53 0.51 0.49 0.48 0.54
Financial Leverage		 0.40 0.37 0.39 0.30 0.26 0.22 0.18 0.11 0.07 0.05 0.08
Leverage Ratio		 3.08 2.81 2.62 2.53 2.44 2.30 2.24 2.22 2.16 2.08 2.07
Compound Leverage Factor		 2.87 2.56 2.38 2.25 2.30 2.15 2.09 2.08 2.06 1.98 1.96
Debt to Total Capital		 47.29% 44.80% 42.76% 41.64% 40.17% 38.71% 37.10% 35.77% 35.16% 34.53% 35.21%
Short-Term Debt to Total Capital		 4.05% 1.40% 2.53% 2.47% 2.37% 2.29% 3.48% 3.33% 3.29% 3.22% 0.00%
Long-Term Debt to Total Capital		 43.24% 43.40% 40.23% 39.17% 37.80% 36.42% 33.63% 32.44% 31.87% 31.31% 35.21%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 52.71% 55.20% 57.24% 58.36% 59.83% 61.29% 62.90% 64.23% 64.84% 65.47% 64.79%
Debt to EBITDA		 1.04 1.10 1.30 1.55 1.46 1.39 1.26 1.15 1.09 1.05 1.01
Net Debt to EBITDA		 0.53 0.64 0.57 0.41 0.32 0.14 0.13 0.10 0.02 0.06 0.17
Long-Term Debt to EBITDA		 0.95 1.07 1.22 1.46 1.38 1.31 1.14 1.04 0.99 0.95 1.01
Debt to NOPAT		 1.33 1.42 1.69 2.01 1.91 1.86 1.70 1.49 1.43 1.34 1.31
Net Debt to NOPAT		 0.68 0.83 0.75 0.53 0.42 0.19 0.18 0.14 0.03 0.07 0.22
Long-Term Debt to NOPAT		 1.22 1.37 1.59 1.89 1.80 1.75 1.54 1.35 1.30 1.22 1.31
Altman Z-Score		 4.11 4.65 4.40 4.07 5.06 5.77 6.88 5.78 5.63 5.67 5.81
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.09 2.42 2.42 2.33 2.56 2.65 2.39 2.40 2.62 2.73 3.19
Quick Ratio		 1.21 1.32 1.47 1.51 1.70 1.85 1.64 1.64 1.79 1.84 1.72
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -8,150 -8,365 -1,800 1,901 2,608 3,760 3,146 888 2,415 396 -977
Operating Cash Flow to CapEx		 1,078.40% 328.89% 868.30% 1,425.09% 1,378.04% 1,963.54% 792.73% 1,033.98% 1,655.96% 1,193.46% 977.89%
Free Cash Flow to Firm to Interest Expense		 -47.94 -46.73 -10.46 10.99 14.65 21.86 18.73 4.96 14.82 2.43 -5.81
Operating Cash Flow to Interest Expense		 18.21 8.14 15.45 23.64 16.57 20.66 18.17 14.79 28.14 15.67 17.11
Operating Cash Flow Less CapEx to Interest Expense		 16.52 5.66 13.67 21.98 15.37 19.61 15.88 13.36 26.44 14.36 15.36
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.93 0.89 0.80 0.72 0.71 0.72 0.73 0.73 0.76 0.78 0.80
Accounts Receivable Turnover		 10.75 10.56 10.08 8.12 9.71 10.80 10.99 10.96 11.52 12.52 13.61
Inventory Turnover		 3.41 3.13 2.80 2.49 2.45 2.49 2.60 2.66 2.85 3.05 3.10
Fixed Asset Turnover		 8.65 8.07 7.53 7.02 7.17 7.28 7.50 8.03 8.69 9.26 9.36
Accounts Payable Turnover		 6.04 6.94 6.13 5.56 6.85 8.60 7.61 7.59 7.58 7.82 7.79
Days Sales Outstanding (DSO)		 33.95 34.55 36.20 44.97 37.58 33.81 33.22 33.31 31.67 29.14 26.82
Days Inventory Outstanding (DIO)		 107.19 116.49 130.41 146.78 149.05 146.83 140.13 137.41 127.89 119.62 117.64
Days Payable Outstanding (DPO)		 60.46 52.60 59.50 65.64 53.26 42.47 47.97 48.10 48.18 46.68 46.86
Cash Conversion Cycle (CCC)		 80.68 98.43 107.12 126.10 133.37 138.17 125.38 122.63 111.38 102.09 97.60
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 26,286 27,704 27,284 25,597 26,457 26,075 26,192 27,608 27,152 28,505 29,663
Invested Capital Turnover		 2.04 1.82 1.51 1.39 1.38 1.35 1.40 1.46 1.52 1.55 1.55
Increase / (Decrease) in Invested Capital		 10,513 10,242 3,600 -283 171 -1,629 -1,092 2,011 695 2,430 3,471
Enterprise Value (EV)		 128,550 144,376 130,356 121,789 160,042 190,663 238,705 190,859 174,966 169,685 176,531
Market Capitalization		 119,911 135,067 123,543 117,715 156,616 189,057 237,183 189,525 174,694 168,908 174,077
Book Value per Share		 $16.78 $17.67 $18.55 $19.34 $20.72 $21.93 $22.11 $23.59 $24.19 $25.07 $24.78
Tangible Book Value per Share		 $5.75 $6.63 $7.60 $8.54 $9.84 $11.09 $11.29 $12.77 $13.27 $14.10 $13.33
Total Capital		 35,687 35,683 36,114 36,979 38,538 39,926 39,224 40,908 41,457 42,351 41,997
Total Debt		 16,877 15,985 15,444 15,398 15,480 15,457 14,554 14,634 14,577 14,623 14,788
Total Long-Term Debt		 15,431 15,486 14,530 14,484 14,566 14,543 13,190 13,270 13,212 13,258 14,788
Net Debt		 8,639 9,309 6,813 4,074 3,426 1,606 1,522 1,334 272 777 2,454
Capital Expenditures (CapEx)		 287 443 306 287 214 181 385 256 277 214 294
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 4,225 5,030 4,296 2,426 3,130 2,152 1,917 2,791 3,171 4,055 4,779
Debt-free Net Working Capital (DFNWC)		 12,463 11,706 12,927 13,750 15,184 16,003 14,949 16,091 17,476 17,901 17,113
Net Working Capital (NWC)		 11,017 11,207 12,013 12,836 14,270 15,089 13,585 14,727 16,111 16,536 17,113
Net Nonoperating Expense (NNE)		 128 173 -2.83 128 12 -195 -75 -21 -70 14 -172
Net Nonoperating Obligations (NNO)		 7,476 8,006 6,614 4,016 3,399 1,606 1,522 1,334 272 777 2,454
Total Depreciation and Amortization (D&A)		 398 470 479 462 437 411 419 439 436 397 398
Debt-free, Cash-free Net Working Capital to Revenue		 9.84% 12.25% 11.13% 6.77% 8.62% 5.91% 5.13% 7.16% 7.79% 9.59% 11.05%
Debt-free Net Working Capital to Revenue		 29.01% 28.50% 33.50% 38.39% 41.84% 43.96% 40.03% 41.30% 42.94% 42.33% 39.56%
Net Working Capital to Revenue		 25.65% 27.29% 31.13% 35.83% 39.32% 41.45% 36.37% 37.80% 39.59% 39.11% 39.56%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.99 $1.53 $1.62 $1.33 $2.48 $2.08 $1.91 $2.62 $2.86 $2.55 $2.44
Adjusted Weighted Average Basic Shares Outstanding		 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.11B 1.10B 1.09B
Adjusted Diluted Earnings per Share		 $1.98 $1.52 $1.60 $1.32 $2.46 $2.06 $1.88 $2.57 $2.83 $2.52 $2.43
Adjusted Weighted Average Diluted Shares Outstanding		 1.13B 1.12B 1.12B 1.13B 1.13B 1.13B 1.13B 1.13B 1.12B 1.12B 1.10B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.12B 1.11B 1.12B 1.11B 1.12B 1.12B 1.11B 1.11B 1.11B 1.10B 1.08B
Normalized Net Operating Profit after Tax (NOPAT)		 2,363 1,877 1,800 987 2,779 2,131 2,054 1,807 3,110 2,826 2,494
Normalized NOPAT Margin		 24.97% 20.24% 21.30% 11.44% 27.97% 22.70% 21.87% 17.64% 26.65% 25.74% 24.07%
Pre Tax Income Margin		 25.06% 20.43% 20.79% 16.45% 29.81% 26.61% 24.26% 25.35% 31.15% 28.28% 28.48%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 14.95 11.59 11.22 9.21 17.64 15.52 14.57 15.51 23.30 20.05 18.57
NOPAT to Interest Expense		 13.90 10.49 10.47 9.35 15.61 12.39 12.23 16.20 19.08 17.33 14.85
EBIT Less CapEx to Interest Expense		 13.26 9.11 9.44 7.55 16.44 14.47 12.27 14.08 21.60 18.74 16.82
NOPAT Less CapEx to Interest Expense		 12.21 8.01 8.69 7.69 14.41 11.34 9.94 14.77 17.38 16.02 13.10
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 27.94% 31.86% 39.58% 47.87% 45.27% 42.64% 41.69% 36.35% 35.38% 34.21% 32.79%
Augmented Payout Ratio		 55.30% 61.96% 75.25% 88.98% 77.31% 70.25% 78.63% 76.99% 83.57% 89.49% 98.86%

Key Financial Trends

QUALCOMM (NASDAQ:QCOM) has demonstrated stable financial performance over the last four years, with consistent revenue growth and solid profitability. Here are some key insights from the financial statements spanning 2022 through Q3 2025:

  • Steady Revenue Growth: Operating revenue has grown from approximately $9.27 billion in Q2 2022 to $10.37 billion in Q3 2025, showing resilience and an expanding business.
  • Robust Net Income: Net income has steadily increased, reaching $2.67 billion in Q3 2025, up from $1.70 billion in Q2 2023, supporting strong earnings per share growth (basic EPS rose from $1.53 in Q2 2023 to $2.44 in Q3 2025).
  • Consistent Gross Profit Margin: Gross profit remains solid at around 55%, with total gross profit for the latest Q3 2025 at $5.76 billion against operating revenue of $10.37 billion.
  • Strong Operating Cash Flow: Net cash from continuing operating activities was $2.87 billion in Q3 2025, indicating strong cash generation capacity supporting company operations.
  • Healthy Cash Reserves: Cash and equivalents increased to $5.45 billion at Q3 2025, with total current assets at about $24.91 billion, providing flexibility for investments and operations.
  • Strategic Investments and Acquisitions: The company invested $294 million in property, plant & equipment and spent $370 million on acquisitions in Q3 2025, indicating ongoing expansion efforts.
  • Rising Debt Levels: Long-term debt increased from $13.46 billion in Q1 2023 to $14.79 billion in Q3 2025, suggesting increased leverage which could pressure future interest expenses.
  • Equity Repurchases and Dividends: Significant cash outflows occurred for repurchases ($2.85 billion) and dividends ($968 million) in Q3 2025, which may limit available cash for other uses.
  • Interest Expense Stability: Interest expense has hovered around $160-$170 million per quarter, manageable relative to operating income but a factor to monitor with growing debt.
  • Dividend Growth: Dividends per share have risen modestly from $0.75 in early 2023 to $0.89 in Q3 2025, reflecting shareholder returns continuity.

Overall: QUALCOMM remains financially healthy with strong earnings and cash flows, a good liquidity position, and ongoing investments in growth. Increased leverage and substantial cash returned to shareholders in recent quarters point to management's confidence but require monitoring. The company’s strong product positioning and R&D investments support an optimistic outlook despite some margin pressures and broader market uncertainties.

08/23/25 06:53 AMAI Generated. May Contain Errors.

Frequently Asked Questions About QUALCOMM's Financials

When does QUALCOMM's fiscal year end?

According to the most recent income statement we have on file, QUALCOMM's financial year ends in September. Their financial year 2024 ended on September 29, 2024.

How has QUALCOMM's net income changed over the last 10 years?

QUALCOMM's net income appears to be on an upward trend, with a most recent value of $10.14 billion in 2024, rising from $7.96 billion in 2014. The previous period was $7.23 billion in 2023. See QUALCOMM's forecast for analyst expectations on what’s next for the company.

What is QUALCOMM's operating income?
QUALCOMM's total operating income in 2024 was $10.07 billion, based on the following breakdown:
  • Total Gross Profit: $21.90 billion
  • Total Operating Expenses: $11.83 billion
How has QUALCOMM's revenue changed over the last 10 years?

Over the last 10 years, QUALCOMM's total revenue changed from $26.49 billion in 2014 to $38.96 billion in 2024, a change of 47.1%.

How much debt does QUALCOMM have?

QUALCOMM's total liabilities were at $28.88 billion at the end of 2024, a 2.0% decrease from 2023, and a 207.0% increase since 2014.

How much cash does QUALCOMM have?

In the past 10 years, QUALCOMM's cash and equivalents has ranged from $2.77 billion in 2022 to $35.03 billion in 2017, and is currently $7.85 billion as of their latest financial filing in 2024.

How has QUALCOMM's book value per share changed over the last 10 years?

Over the last 10 years, QUALCOMM's book value per share changed from 23.37 in 2014 to 23.59 in 2024, a change of 0.9%.


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This page (NASDAQ:QCOM) was last updated on 8/23/2025 by MarketBeat.com Staff
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