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QUALCOMM (QCOM) Financials

QUALCOMM logo
$148.19 +1.43 (+0.97%)
Closing price 08/1/2025 04:00 PM Eastern
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$148.12 -0.07 (-0.05%)
As of 08/1/2025 08:00 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 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		 5,271 5,705 2,445 -4,964 4,386 5,198 9,043 12,936 7,232 10,142
Consolidated Net Income / (Loss)		 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		 5,268 5,702 2,444 -4,964 4,386 5,198 9,043 12,986 7,339 10,110
Total Pre-Tax Income 		6,487 6,833 2,987 392 7,481 5,719 10,274 14,998 7,443 10,336
Total Operating Income		 5,776 6,495 2,581 621 7,667 6,255 9,789 15,860 7,788 10,071
Total Gross Profit		 14,903 13,805 12,466 12,367 15,674 14,276 19,304 25,565 19,951 21,902
Total Revenue		 25,281 23,554 22,258 22,611 24,273 23,531 33,566 44,200 35,820 38,962
Operating Revenue		 25,281 23,554 22,258 22,611 24,273 23,531 33,566 44,200 35,820 38,962
Total Cost of Revenue		 10,378 9,749 9,792 10,244 8,599 9,255 14,262 18,635 15,869 17,060
Operating Cost of Revenue		 10,378 9,749 9,792 10,244 8,599 9,255 14,262 18,635 15,869 17,060
Total Operating Expenses		 9,127 7,310 9,885 11,746 8,007 8,021 9,515 9,705 12,163 11,831
Selling, General & Admin Expense		 2,344 2,385 2,658 2,986 2,195 2,074 2,339 2,570 2,483 2,759
Research & Development Expense		 5,490 5,151 5,485 5,625 5,398 5,975 7,176 8,194 8,818 8,893
Other Operating Expenses / (Income)		 1,293 -226 1,742 3,135 414 -28 0.00 -1,059 862 179
Total Other Income / (Expense), net		 711 338 406 -229 -186 -536 485 -862 -345 265
Interest Expense		 104 297 494 768 627 602 559 490 694 697
Other Income / (Expense), net		 - - - - - - 1,044 -372 349 962
Income Tax Expense		 1,219 1,131 543 5,356 3,095 521 1,231 2,012 104 226
Net Income / (Loss) Discontinued Operations		 - - - - - 0.00 0.00 -50 -107 32
Basic Earnings per Share		 $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		 1.62B 1.48B 1.48B 1.46B 1.21B 1.14B 1.13B 1.12B 1.12B 1.12B
Diluted Earnings per Share		 $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		 1.64B 1.50B 1.49B 1.46B 1.22B 1.15B 1.15B 1.14B 1.13B 1.13B
Weighted Average Basic & Diluted Shares Outstanding		 1.62B 1.49B 1.48B 1.47B 1.14B 1.13B 1.12B 1.12B 1.11B 1.11B
Cash Dividends to Common per Share		 $1.80 $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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/25/2022 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
Net Income / (Loss) Attributable to Common Shareholders		 2,873 2,235 1,704 1,803 1,490 2,767 2,326 2,129 2,920 3,180 2,812
Consolidated Net Income / (Loss)		 2,873 2,235 1,704 1,803 1,490 2,767 2,326 2,129 2,920 3,180 2,812
Net Income / (Loss) Continuing Operations		 2,923 2,273 1,702 1,735 1,629 2,811 2,275 2,108 2,916 3,180 2,812
Total Pre-Tax Income 		3,471 2,371 1,895 1,757 1,420 2,962 2,498 2,279 2,597 3,635 3,105
Total Operating Income		 3,666 2,465 2,090 1,823 1,410 2,928 2,340 2,221 2,582 3,555 3,120
Total Gross Profit		 6,527 5,419 5,122 4,659 4,751 5,623 5,283 5,219 5,777 6,508 6,042
Total Revenue		 11,395 9,463 9,275 8,451 8,631 9,935 9,389 9,393 10,245 11,669 10,979
Operating Revenue		 11,395 9,463 9,275 8,451 8,631 9,935 9,389 9,393 10,245 11,669 10,979
Total Cost of Revenue		 4,868 4,044 4,153 3,792 3,880 4,312 4,106 4,174 4,468 5,161 4,937
Operating Cost of Revenue		 4,868 4,044 4,153 3,792 3,880 4,312 4,106 4,174 4,468 5,161 4,937
Total Operating Expenses		 2,861 2,954 3,032 2,836 3,341 2,695 2,943 2,998 3,195 2,953 2,922
Selling, General & Admin Expense		 683 623 614 618 628 627 707 664 761 723 706
Research & Development Expense		 2,178 2,251 2,210 2,222 2,135 2,096 2,236 2,259 2,302 2,230 2,216
Other Operating Expenses / (Income)		 - 80 208 -4.00 578 -28 0.00 75 132 0.00 0.00
Total Other Income / (Expense), net		 -195 -94 -195 -66 10 34 158 58 15 80 -15
Interest Expense		 144 170 179 172 173 178 172 168 179 163 163
Other Income / (Expense), net		 - 76 -16 106 183 212 330 226 194 243 148
Income Tax Expense		 548 98 193 22 -209 151 223 171 -319 455 293
Net Income / (Loss) Discontinued Operations		 -50 -38 2.00 68 -139 -44 51 21 4.00 0.00 0.00
Basic Earnings per Share		 $2.57 $1.99 $1.53 $1.62 $1.33 $2.48 $2.08 $1.91 $2.62 $2.86 $2.55
Weighted Average Basic Shares Outstanding		 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.11B 1.10B
Diluted Earnings per Share		 $2.53 $1.98 $1.52 $1.60 $1.32 $2.46 $2.06 $1.88 $2.57 $2.83 $2.52
Weighted Average Diluted Shares Outstanding		 1.14B 1.13B 1.12B 1.12B 1.13B 1.13B 1.13B 1.13B 1.13B 1.12B 1.12B
Weighted Average Basic & Diluted Shares Outstanding		 1.12B 1.12B 1.11B 1.12B 1.11B 1.12B 1.12B 1.11B 1.11B 1.11B 1.10B
Cash Dividends to Common per Share		 - $0.75 $0.75 $0.80 - $0.80 $0.80 $0.85 - $0.85 $0.85

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 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		 -347 -1,614 31,083 -25,004 62 -5,132 409 -4,017 5,428 -678
Net Cash From Operating Activities		 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		 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		 5,268 5,702 2,444 -4,964 4,386 5,198 9,043 12,986 7,339 10,110
Consolidated Net Income / (Loss)		 5,268 5,702 2,444 -4,964 4,386 - 9,043 12,986 7,339 10,110
Depreciation Expense		 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		 971 431 199 5,539 2,723 830 372 2,318 1,402 -746
Changes in Operating Assets and Liabilities, net		 -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		 -3,572 -3,488 20,463 2,381 -806 -5,263 -3,356 -5,804 762 -3,623
Net Cash From Continuing Investing Activities		 -3,572 -3,488 20,463 2,381 -806 -5,263 -3,356 -5,788 -621 -3,625
Purchase of Property, Plant & Equipment		 -994 -539 -690 -784 -887 -1,407 -1,888 -2,262 -1,450 -1,041
Acquisitions		 -3,019 -812 -1,544 -326 -252 -185 -1,377 -4,912 -235 -254
Purchase of Investments		 -16,560 -18,192 -21,072 -5,936 0.00 -6,213 -5,907 -1,414 -668 -5,069
Sale of Property, Plant & Equipment		 266 - - - - - 3.00 5.00 127 10
Sale and/or Maturity of Investments		 16,738 15,674 43,744 9,410 266 2,499 5,875 2,754 1,586 2,765
Other Investing Activities, net		 -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		 -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		 -2,261 -5,754 5,571 -31,500 -6,386 -5,707 -6,798 -7,200 -6,605 -9,288
Repayment of Debt		 -3,045 -8,234 -9,460 -16,751 -6,597 -5,193 -2,920 -8,926 -7,031 -1,730
Repurchase of Common Equity		 -11,246 -3,923 -1,342 -22,580 -1,793 -2,450 -3,366 -3,129 -2,973 -4,121
Payment of Dividends		 -2,880 -2,990 -3,252 -3,466 -2,968 -2,882 -3,008 -3,212 -3,462 -3,687
Issuance of Debt		 14,020 8,949 19,511 11,131 5,989 4,836 2,886 8,477 6,948 799
Issuance of Common Equity		 787 668 497 603 414 329 347 356 434 383
Other Financing Activities, net		 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		 -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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/25/2022 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
Net Change in Cash & Equivalents		 -99 1,974 -1,291 2,395 2,350 -333 1,025 -1,449 79 864 -1,510
Net Cash From Operating Activities		 1,446 3,095 1,457 2,657 4,090 2,949 3,554 3,052 2,647 4,587 2,554
Net Cash From Continuing Operating Activities		 1,616 3,123 1,490 2,990 4,095 2,965 3,629 3,052 2,647 4,587 2,554
Net Income / (Loss) Continuing Operations		 2,923 2,273 1,702 1,735 1,629 2,811 2,276 2,108 2,915 3,180 2,812
Consolidated Net Income / (Loss)		 2,923 2,273 1,702 1,735 1,629 2,811 2,276 2,108 2,915 3,180 2,812
Depreciation Expense		 490 398 470 479 462 437 411 419 439 436 397
Non-Cash Adjustments To Reconcile Net Income		 668 456 247 396 303 -472 -226 -200 152 938 -413
Changes in Operating Assets and Liabilities, net		 -2,465 -4.00 -929 380 1,701 189 1,168 725 -859 33 -242
Net Cash From Investing Activities		 -290 -133 -224 1,737 -618 -1,256 -939 -1,043 -385 -671 -1,289
Net Cash From Continuing Investing Activities		 -274 -133 -224 342 -606 -1,256 -939 -1,041 -389 -671 -1,289
Purchase of Property, Plant & Equipment		 -634 -398 -453 -306 -293 -214 -184 -387 -256 -277 -214
Acquisitions		 -169 -29 -32 -46 -128 -60 -105 -69 -20 -260 -81
Purchase of Investments		 -145 -22 - - -646 -1,452 -1,390 -1,314 -913 -914 -2,412
Sale and/or Maturity of Investments		 669 219 283 630 454 463 777 725 800 752 1,444
Other Investing Activities, net		 - -14 -32 64 1.00 7.00 -40 2.00 - 28 -26
Net Cash From Financing Activities		 -1,192 -1,015 -2,543 -1,988 -1,117 -2,041 -1,580 -3,449 -2,199 -3,008 -2,781
Net Cash From Continuing Financing Activities		 -1,196 -1,015 -2,543 -1,930 -1,117 -2,041 -1,580 -3,468 -2,199 -3,008 -2,781
Repayment of Debt		 -3,943 -1,932 -4,225 -471 -403 -392 -403 -935 - -501 -2.00
Repurchase of Common Equity		 -500 -1,270 -903 -400 -400 -784 -731 -1,303 -1,303 -1,750 -1,748
Payment of Dividends		 -841 -842 -834 -893 -893 -895 -895 -949 -948 -942 -938
Other Financing Activities, net		 -15 -309 -23 -167 -22 -370 -145 -282 -135 -315 -294
Effect of Exchange Rate Changes		 -63 27 19 -11 -5.00 15 -10 -9.00 16 -44 6.00

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 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		 50,796 52,359 65,486 32,718 32,957 35,594 41,240 49,014 51,040 55,154
Total Current Assets		 22,099 22,981 43,593 17,384 16,765 18,519 20,075 20,724 22,464 25,231
Cash & Equivalents		 7,560 5,946 35,029 11,777 11,839 6,707 7,116 2,773 8,450 7,849
Short-Term Investments		 9,761 12,702 2,279 311 421 4,507 5,298 3,609 2,874 5,451
Accounts Receivable		 1,964 2,219 3,632 2,904 2,471 4,003 3,579 5,643 3,183 3,929
Inventories, net		 1,492 1,556 2,035 1,693 1,400 2,598 3,228 6,341 6,422 6,423
Other Current Assets		 687 558 618 699 634 704 854 1,625 1,194 1,579
Plant, Property, & Equipment, net		 2,534 2,306 3,216 2,975 3,081 3,711 4,559 5,168 5,042 4,665
Total Noncurrent Assets		 26,163 27,072 18,677 12,359 13,111 13,364 16,606 23,122 23,534 25,258
Goodwill		 5,479 5,679 6,623 6,498 6,282 6,323 7,246 10,508 10,642 10,799
Intangible Assets		 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		 1,453 2,030 2,900 936 1,196 1,351 1,591 1,803 3,310 5,162
Other Noncurrent Operating Assets		 1,863 2,161 4,147 1,970 3,461 4,037 6,311 7,729 8,086 8,053
Total Liabilities & Shareholders' Equity		 50,796 52,359 65,486 32,718 32,957 35,594 41,240 49,014 51,040 55,154
Total Liabilities		 19,382 20,591 34,740 31,911 28,048 29,517 31,290 31,001 29,459 28,880
Total Current Liabilities		 6,100 7,311 10,907 11,389 8,935 8,672 11,951 11,866 9,628 10,504
Short-Term Debt		 1,000 1,749 2,495 1,005 2,496 500 2,044 1,945 914 1,364
Accounts Payable		 1,300 1,858 1,971 1,825 1,368 2,248 2,750 3,796 1,912 2,584
Current Deferred Revenue		 583 509 502 500 565 568 612 369 293 297
Current Employee Benefit Liabilities		 861 934 1,183 1,081 1,048 1,053 1,531 1,486 1,685 1,834
Other Current Liabilities		 2,356 2,261 4,756 6,978 3,458 4,303 5,014 3,689 4,491 4,425
Total Noncurrent Liabilities		 13,282 13,280 23,833 20,522 19,113 20,845 19,339 19,135 19,831 18,376
Long-Term Debt		 9,969 10,008 19,398 15,365 13,437 15,226 13,701 13,537 14,484 13,270
Noncurrent Deferred Revenue		 2,496 2,377 2,003 3,932 3,248 2,633 2,077 1,616 99 88
Other Noncurrent Operating Liabilities		 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
Total Equity & Noncontrolling Interests		 31,414 31,768 30,746 807 4,909 6,077 9,950 18,013 21,581 26,274
Total Preferred & Common Equity		 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
Total Common Equity		 31,421 31,778 30,746 807 4,909 6,077 9,950 18,013 21,581 26,274
Common Stock		 0.00 414 274 0.00 343 586 0.00 195 490 0.00
Retained Earnings		 31,226 30,936 30,088 542 4,466 5,284 9,822 17,840 20,733 25,687
Accumulated Other Comprehensive Income / (Loss)		 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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/25/2022 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
Total Assets		 49,014 50,014 48,362 49,002 51,040 52,135 53,167 52,741 55,154 55,575 55,372
Total Current Assets		 20,724 21,098 19,073 20,476 22,464 23,439 24,232 23,332 25,231 26,065 26,080
Cash & Equivalents		 2,773 4,808 3,488 6,087 8,450 8,133 9,219 7,770 7,849 8,713 7,203
Short-Term Investments		 3,609 3,430 3,188 2,544 2,874 3,921 4,632 5,262 5,451 5,592 6,643
Accounts Receivable		 5,643 3,960 3,691 3,850 3,183 3,513 3,054 2,948 3,929 3,550 3,699
Inventories, net		 6,341 6,932 6,858 6,628 6,422 6,247 6,087 6,020 6,423 6,303 6,196
Other Current Assets		 1,625 1,247 1,032 1,050 1,194 1,288 1,240 1,332 1,579 1,907 2,339
Plant, Property, & Equipment, net		 5,168 5,215 5,281 5,216 5,042 4,907 4,724 4,744 4,665 4,460 4,410
Total Noncurrent Assets		 23,122 23,701 24,008 23,310 23,534 23,789 24,211 24,665 25,258 25,050 24,882
Goodwill		 10,508 10,566 10,579 10,591 10,642 10,722 10,760 10,770 10,799 10,908 10,948
Intangible Assets		 1,882 1,796 1,727 1,618 1,408 1,387 1,331 1,296 1,244 1,225 1,183
Noncurrent Deferred & Refundable Income Taxes		 1,803 2,092 2,477 2,773 3,310 3,579 3,978 4,420 5,162 5,409 5,750
Other Noncurrent Operating Assets		 7,729 8,048 7,974 8,110 8,086 8,032 8,142 8,179 8,053 7,508 7,001
Total Liabilities & Shareholders' Equity		 49,014 50,014 48,362 49,002 51,040 52,135 53,167 52,741 55,154 55,575 55,372
Total Liabilities		 31,001 31,204 28,664 28,332 29,459 29,077 28,698 28,071 28,880 28,695 27,644
Total Current Liabilities		 11,866 10,081 7,866 8,463 9,628 9,169 9,143 9,747 10,504 9,954 9,544
Short-Term Debt		 1,945 1,446 499 914 914 914 914 1,364 1,364 1,365 1,365
Accounts Payable		 3,796 2,562 1,430 1,744 1,912 2,147 2,314 2,586 2,584 2,581 2,479
Current Deferred Revenue		 369 289 277 249 293 210 253 263 297 212 232
Current Employee Benefit Liabilities		 1,486 1,460 1,227 1,546 1,685 1,757 1,253 1,780 1,834 1,424 1,248
Other Current Liabilities		 3,689 3,678 3,785 3,710 4,491 3,805 4,409 3,754 4,425 4,372 4,220
Total Noncurrent Liabilities		 19,135 21,123 20,798 19,869 19,831 19,908 19,555 18,324 18,376 18,741 18,100
Long-Term Debt		 13,537 15,431 15,486 14,530 14,484 14,566 14,543 13,190 13,270 13,212 13,258
Noncurrent Deferred Revenue		 1,616 1,577 1,188 1,190 99 1,149 661 634 88 77 82
Other Noncurrent Operating Liabilities		 3,863 4,004 4,008 4,113 5,210 4,150 4,351 4,500 5,018 5,452 4,760
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		 18,013 18,810 19,698 20,670 21,581 23,058 24,469 24,670 26,274 26,880 27,728
Total Preferred & Common Equity		 18,013 18,810 19,698 20,670 21,581 23,058 24,469 24,670 26,274 26,880 27,728
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		 18,013 18,810 19,698 20,670 21,581 23,058 24,469 24,670 26,274 26,880 27,728
Common Stock		 195 0.00 0.00 77 490 0.00 66 0.00 0.00 0.00 0.00
Retained Earnings		 17,840 18,517 19,280 20,163 20,733 22,565 23,965 24,273 25,687 26,607 27,333
Accumulated Other Comprehensive Income / (Loss)		 -22 293 418 430 358 493 438 397 587 273 395
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 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		 -4.55% -6.83% -5.50% 1.59% 7.35% -3.06% 42.65% 31.68% -18.96% 8.77%
EBITDA Growth		 -19.66% 13.35% -48.98% -46.02% 315.58% -15.66% 62.33% 38.94% -42.34% 28.08%
EBIT Growth		 -23.50% 12.45% -60.26% -75.94% 1,134.62% -18.42% 73.19% 42.97% -47.46% 35.59%
NOPAT Growth		 -27.61% 15.55% -61.04% -472.38% 157.16% 26.48% 51.55% 59.38% -44.08% 28.28%
Net Income Growth		 -33.85% 8.24% -57.14% -303.11% 188.36% 18.51% 73.97% 43.05% -44.09% 40.24%
EPS Growth		 -30.75% 18.32% -56.96% -306.71% 205.90% 25.91% 74.12% 44.47% -43.54% 39.72%
Operating Cash Flow Growth		 -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		 -93.38% 1,325.20% -113.63% 243.13% -9.57% 267.06% 61.06% -80.87% 602.53% -1.54%
Invested Capital Growth		 60.08% -2.28% 25.83% -63.81% 68.64% 23.39% 25.42% 94.86% -1.09% 7.86%
Revenue Q/Q Growth		 -4.66% 3.19% -1.32% -0.48% -3.82% 17.66% 3.04% 4.89% -7.16% 4.32%
EBITDA Q/Q Growth		 -10.52% 9.27% -26.08% -31.32% 17.22% 55.86% 4.90% 2.72% -16.29% 10.02%
EBIT Q/Q Growth		 -12.84% 11.35% -36.55% -61.55% 21.91% 78.56% 4.78% 2.60% -18.99% 12.01%
NOPAT Q/Q Growth		 -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		 -13.65% 10.40% -19.63% -43.93% 30.26% 89.43% -1.75% 0.58% -16.05% 16.41%
EPS Q/Q Growth		 -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		 -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		 -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		 28.73% -1.79% -8.87% -47.01% 13.96% 22.69% 20.63% 9.27% -6.18% 5.41%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 58.95% 58.61% 56.01% 54.69% 64.57% 60.67% 57.51% 57.84% 55.70% 56.21%
EBITDA Margin		 27.65% 33.64% 18.16% 9.65% 37.36% 32.50% 36.99% 39.03% 27.77% 32.70%
Operating Margin		 22.85% 27.57% 11.60% 2.75% 31.59% 26.58% 29.16% 35.88% 21.74% 25.85%
EBIT Margin		 22.85% 27.57% 11.60% 2.75% 31.59% 26.58% 32.27% 35.04% 22.72% 28.32%
Profit (Net Income) Margin		 20.84% 24.21% 10.98% -21.95% 18.07% 22.09% 26.94% 29.27% 20.19% 26.03%
Tax Burden Percent		 81.21% 83.45% 81.82% -1,266.33% 58.63% 90.89% 88.02% 86.25% 97.17% 98.12%
Interest Burden Percent		 112.31% 105.20% 115.73% 63.12% 97.57% 91.43% 94.84% 96.84% 91.47% 93.68%
Effective Tax Rate		 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)		 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)		 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)		 -35.56% -29.89% -8.92% 50.66% 87.70% 35.32% 40.66% 22.39% 6.70% 5.36%
Return on Equity (ROE)		 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)		 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)		 11.63% 12.59% 4.38% 1.26% 23.35% 18.25% 28.20% 34.32% 16.27% 20.78%
Return on Assets (ROA)		 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)		 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)		 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)		 4,691 5,420 2,112 -7,864 4,495 5,685 8,616 13,732 7,679 9,851
NOPAT Margin		 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)		 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		 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		 9.27% 10.13% 11.94% 13.21% 9.04% 8.81% 6.97% 5.81% 6.93% 7.08%
R&D to Revenue		 21.72% 21.87% 24.64% 24.88% 22.24% 25.39% 21.38% 18.54% 24.62% 22.82%
Operating Expenses to Revenue		 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)		 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)		 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)		 2.05 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)		 2.91 3.28 3.14 0.00 0.00 0.00 114.06 23.09 12.35 13.32
Price to Revenue (P/Rev)		 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)		 12.24 12.98 26.16 0.00 19.06 22.95 15.72 10.04 16.28 18.69
Dividend Yield		 4.38% 4.02% 5.08% 3.83% 3.61% 2.99% 2.14% 2.47% 2.94% 1.94%
Earnings Yield		 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)		 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)		 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)		 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)		 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)		 9.49 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)		 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)		 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		 0.35 0.37 0.71 20.29 3.25 2.59 1.58 0.86 0.71 0.56
Long-Term Debt to Equity		 0.32 0.32 0.63 19.04 2.74 2.51 1.38 0.75 0.67 0.51
Financial Leverage		 -0.74 -0.64 -0.60 -0.39 1.39 0.75 0.49 0.40 0.30 0.11
Leverage Ratio		 1.41 1.63 1.89 3.11 11.49 6.24 4.79 3.23 2.53 2.22
Compound Leverage Factor		 1.58 1.72 2.18 1.96 11.21 5.71 4.55 3.13 2.31 2.08
Debt to Total Capital		 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		 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		 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%
Noncontrolling Interests to Total Capital		 -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		 74.14% 73.01% 58.41% 4.70% 23.55% 27.87% 38.72% 53.78% 58.36% 64.23%
Debt to EBITDA		 1.57 1.48 5.42 7.50 1.76 2.06 1.27 0.90 1.55 1.15
Net Debt to EBITDA		 -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		 1.43 1.26 4.80 7.04 1.48 1.99 1.10 0.78 1.46 1.04
Debt to NOPAT		 2.34 2.17 10.37 -2.08 3.54 2.77 1.83 1.13 2.01 1.49
Net Debt to NOPAT		 -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		 2.13 1.85 9.19 -1.95 2.99 2.68 1.59 0.99 1.89 1.35
Altman Z-Score		 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% -0.03% -0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 3.62 3.14 4.00 1.53 1.88 2.14 1.68 1.75 2.33 2.40
Quick Ratio		 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)		 399 5,681 -774 1,108 1,002 3,678 5,924 1,133 7,962 7,840
Operating Cash Flow to CapEx		 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		 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		 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		 45.94 23.88 8.73 4.07 10.21 7.32 15.48 13.96 14.37 16.03
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.51 0.46 0.38 0.46 0.74 0.69 0.87 0.98 0.72 0.73
Accounts Receivable Turnover		 11.55 11.26 7.61 6.92 9.03 7.27 8.85 9.59 8.12 10.96
Inventory Turnover		 7.04 6.40 5.45 5.50 5.56 4.63 4.90 3.89 2.49 2.66
Fixed Asset Turnover		 10.07 9.73 8.06 7.30 8.02 6.93 8.12 9.09 7.02 8.03
Accounts Payable Turnover		 5.96 6.17 5.11 5.40 5.39 5.12 5.71 5.69 5.56 7.59
Days Sales Outstanding (DSO)		 31.59 32.41 47.97 52.75 40.41 50.21 41.22 38.08 44.97 33.31
Days Inventory Outstanding (DIO)		 51.88 57.06 66.93 66.42 65.64 78.84 74.55 93.71 146.78 137.41
Days Payable Outstanding (DPO)		 61.25 59.12 71.36 67.63 67.77 71.30 63.96 64.11 65.64 48.10
Cash Conversion Cycle (CCC)		 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		 11,436 11,175 14,061 5,089 8,582 10,589 13,281 25,880 25,597 27,608
Invested Capital Turnover		 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		 4,292 -261 2,886 -8,972 3,493 2,007 2,692 12,599 -283 2,011
Enterprise Value (EV)		 44,537 53,451 47,269 95,564 87,257 123,800 145,454 138,938 121,789 190,859
Market Capitalization		 64,522 74,054 63,954 91,282 83,584 119,288 142,123 129,838 117,715 189,525
Book Value per Share		 $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		 $14.13 $15.34 $13.81 ($5.89) ($2.92) ($1.68) $1.10 $5.01 $8.54 $12.77
Total Capital		 42,383 43,525 52,639 17,177 20,842 21,803 25,695 33,495 36,979 40,908
Total Debt		 10,969 11,757 21,893 16,370 15,933 15,726 15,745 15,482 15,398 14,634
Total Long-Term Debt		 9,969 10,008 19,398 15,365 13,437 15,226 13,701 13,537 14,484 13,270
Net Debt		 -19,978 -20,593 -16,685 4,282 3,673 4,512 3,331 9,100 4,074 1,334
Capital Expenditures (CapEx)		 728 539 690 784 887 1,407 1,885 2,257 1,323 1,031
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -322 -1,229 -2,127 -5,088 -1,934 -867 -2,246 4,421 2,426 2,791
Debt-free Net Working Capital (DFNWC)		 16,999 17,419 35,181 7,000 10,326 10,347 10,168 10,803 13,750 16,091
Net Working Capital (NWC)		 15,999 15,670 32,686 5,995 7,830 9,847 8,124 8,858 12,836 14,727
Net Nonoperating Expense (NNE)		 -577 -282 -332 -2,900 109 487 -427 796 447 -291
Net Nonoperating Obligations (NNO)		 -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)		 1,214 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		 -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		 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		 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		 $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		 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		 $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		 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 $3.63 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 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)		 4,691 5,420 2,112 435 4,495 5,685 8,616 13,732 7,679 9,851
Normalized NOPAT Margin		 18.55% 23.01% 9.49% 1.92% 18.52% 24.16% 25.67% 31.07% 21.44% 25.28%
Pre Tax Income Margin		 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		 55.54 21.87 5.22 0.81 12.23 10.39 19.38 31.61 11.72 15.83
NOPAT to Interest Expense		 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		 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		 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		 54.67% 52.44% 133.06% -69.82% 67.67% 55.44% 33.26% 24.83% 47.87% 36.35%
Augmented Payout Ratio		 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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/25/2022 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
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 22.05% -11.60% -16.92% -22.72% -24.26% 4.99% 1.23% 11.15% 18.70% 17.45% 16.93%
EBITDA Growth		 24.92% -31.17% -36.21% -49.27% -50.55% 21.71% 21.11% 19.02% 56.45% 18.37% 18.95%
EBIT Growth		 26.33% -34.24% -41.74% -55.23% -56.55% 23.57% 28.74% 26.85% 74.26% 20.96% 22.40%
NOPAT Growth		 24.82% -30.46% -43.23% -54.25% -47.61% 17.59% 13.53% 14.12% 79.23% 11.92% 32.59%
Net Income Growth		 2.64% -34.25% -41.92% -51.66% -48.14% 23.80% 36.50% 18.08% 95.97% 14.93% 20.89%
EPS Growth		 3.27% -33.56% -40.86% -51.37% -47.83% 24.24% 35.53% 17.50% 94.70% 15.04% 22.33%
Operating Cash Flow Growth		 34.26% 50.46% -46.00% -8.22% 182.85% -4.72% 143.93% 14.87% -35.28% 55.54% -28.14%
Free Cash Flow Firm Growth		 -4,251.55% -421.80% -231.66% 79.40% 119.98% 132.00% 144.95% 274.81% -53.27% -7.39% -89.48%
Invested Capital Growth		 94.86% 66.65% 58.65% 15.20% -1.09% 0.65% -5.88% -4.00% 7.86% 2.63% 9.32%
Revenue Q/Q Growth		 4.20% -16.95% -1.99% -8.88% 2.13% 15.11% -5.50% 0.04% 9.07% 13.90% -5.91%
EBITDA Q/Q Growth		 -12.45% -29.28% -13.44% -5.35% -14.66% 74.06% -13.87% -6.98% 12.18% 31.70% -13.44%
EBIT Q/Q Growth		 -14.92% -30.69% -18.38% -6.99% -17.42% 97.11% -14.97% -8.35% 13.45% 36.82% -13.95%
NOPAT Q/Q Growth		 -21.55% -23.45% -20.57% -4.10% -10.15% 71.79% -23.31% -3.60% 41.12% 7.27% -9.15%
Net Income Q/Q Growth		 -22.98% -22.21% -23.76% 5.81% -17.36% 85.70% -15.94% -8.47% 37.15% 8.90% -11.57%
EPS Q/Q Growth		 -23.10% -21.74% -23.23% 5.26% -17.50% 86.36% -16.26% -8.74% 36.70% 10.12% -10.95%
Operating Cash Flow Q/Q Growth		 -50.05% 114.04% -52.92% 82.36% 53.93% -27.90% 20.52% -14.12% -13.27% 73.29% -44.32%
Free Cash Flow Firm Q/Q Growth		 -8.84% 14.32% -2.64% 78.48% 205.60% 37.21% 44.19% -16.32% -71.77% 171.91% -83.62%
Invested Capital Q/Q Growth		 9.27% 1.57% 5.39% -1.52% -6.18% 3.36% -1.44% 0.45% 5.41% -1.65% 4.98%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 57.28% 57.27% 55.22% 55.13% 55.05% 56.60% 56.27% 55.56% 56.39% 55.77% 55.03%
EBITDA Margin		 36.47% 31.06% 27.43% 28.49% 23.81% 36.00% 32.82% 30.51% 31.38% 36.28% 33.38%
Operating Margin		 32.17% 26.05% 22.53% 21.57% 16.34% 29.47% 24.92% 23.65% 25.20% 30.47% 28.42%
EBIT Margin		 32.17% 26.85% 22.36% 22.83% 18.46% 31.61% 28.44% 26.05% 27.10% 32.55% 29.77%
Profit (Net Income) Margin		 25.21% 23.62% 18.37% 21.33% 17.26% 27.85% 24.77% 22.67% 28.50% 27.25% 25.61%
Tax Burden Percent		 82.77% 94.26% 89.92% 102.62% 104.93% 93.42% 93.11% 93.42% 112.44% 87.48% 90.56%
Interest Burden Percent		 94.68% 93.31% 91.37% 91.08% 89.14% 94.33% 93.56% 93.13% 93.55% 95.71% 95.01%
Effective Tax Rate		 15.79% 4.13% 10.18% 1.25% -14.72% 5.10% 8.93% 7.50% -12.28% 12.52% 9.44%
Return on Invested Capital (ROIC)		 61.16% 51.01% 36.81% 32.25% 26.08% 38.49% 30.73% 30.55% 41.45% 40.46% 39.88%
ROIC Less NNEP Spread (ROIC-NNEP)		 57.33% 48.86% 33.95% 32.29% 23.94% 38.27% 34.79% 32.38% 42.22% 44.28% 38.74%
Return on Net Nonoperating Assets (RNNOA)		 22.96% 19.32% 12.48% 12.53% 7.18% 9.94% 7.57% 5.81% 4.72% 3.25% 1.77%
Return on Equity (ROE)		 84.12% 70.33% 49.29% 44.78% 33.27% 48.43% 38.30% 36.36% 46.17% 43.72% 41.65%
Cash Return on Invested Capital (CROIC)		 5.79% 10.40% 4.53% 21.71% 30.93% 30.03% 36.99% 36.15% 29.47% 35.40% 30.98%
Operating Return on Assets (OROA)		 31.51% 24.85% 19.82% 18.34% 13.22% 22.46% 20.39% 19.13% 19.88% 24.60% 23.19%
Return on Assets (ROA)		 24.69% 21.86% 16.29% 17.15% 12.36% 19.79% 17.77% 16.64% 20.91% 20.59% 19.96%
Return on Common Equity (ROCE)		 84.12% 70.33% 49.29% 44.78% 33.27% 48.43% 38.30% 36.36% 46.17% 43.72% 41.65%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 62.58% 53.52% 41.68% 0.00% 33.67% 34.27% 35.31% 0.00% 39.27% 39.82%
Net Operating Profit after Tax (NOPAT)		 3,087 2,363 1,877 1,800 1,618 2,779 2,131 2,054 2,899 3,110 2,826
NOPAT Margin		 27.09% 24.97% 20.24% 21.30% 18.74% 27.97% 22.70% 21.87% 28.30% 26.65% 25.74%
Net Nonoperating Expense Percent (NNEP)		 3.83% 2.15% 2.85% -0.04% 2.15% 0.22% -4.06% -1.84% -0.78% -3.81% 1.14%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - 7.21% - - - 7.50% 6.67%
Cost of Revenue to Revenue		 42.72% 42.73% 44.78% 44.87% 44.95% 43.40% 43.73% 44.44% 43.61% 44.23% 44.97%
SG&A Expenses to Revenue		 5.99% 6.58% 6.62% 7.31% 7.28% 6.31% 7.53% 7.07% 7.43% 6.20% 6.43%
R&D to Revenue		 19.11% 23.79% 23.83% 26.29% 24.74% 21.10% 23.82% 24.05% 22.47% 19.11% 20.18%
Operating Expenses to Revenue		 25.11% 31.22% 32.69% 33.56% 38.71% 27.13% 31.35% 31.92% 31.19% 25.31% 26.61%
Earnings before Interest and Taxes (EBIT)		 3,666 2,541 2,074 1,929 1,593 3,140 2,670 2,447 2,776 3,798 3,268
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4,156 2,939 2,544 2,408 2,055 3,577 3,081 2,866 3,215 4,234 3,665
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 7.21 6.37 6.86 5.98 5.45 6.79 7.73 9.61 7.21 6.50 6.09
Price to Tangible Book Value (P/TBV)		 23.09 18.60 18.27 14.60 12.35 14.30 15.27 18.82 13.32 11.85 10.83
Price to Revenue (P/Rev)		 2.94 2.79 3.29 3.20 3.29 4.32 5.19 6.35 4.86 4.29 3.99
Price to Earnings (P/E)		 10.04 10.19 12.81 14.34 16.28 20.17 22.54 27.22 18.69 16.55 15.30
Dividend Yield		 2.47% 2.74% 2.48% 2.75% 2.94% 2.24% 1.89% 1.53% 1.94% 2.13% 0.00%
Earnings Yield		 9.96% 9.82% 7.81% 6.97% 6.14% 4.96% 4.44% 3.67% 5.35% 6.04% 6.54%
Enterprise Value to Invested Capital (EV/IC)		 5.37 4.89 5.21 4.78 4.76 6.05 7.31 9.11 6.91 6.44 5.95
Enterprise Value to Revenue (EV/Rev)		 3.14 2.99 3.52 3.38 3.40 4.41 5.24 6.39 4.90 4.30 4.01
Enterprise Value to EBITDA (EV/EBITDA)		 8.05 7.93 9.96 10.97 12.25 15.12 17.14 20.62 14.98 13.06 12.14
Enterprise Value to EBIT (EV/EBIT)		 8.97 8.89 11.37 12.98 14.97 18.32 20.43 24.23 17.30 14.97 13.81
Enterprise Value to NOPAT (EV/NOPAT)		 10.12 10.12 12.82 14.27 15.86 19.78 22.92 27.85 19.38 17.18 15.59
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.27 12.69 16.23 15.06 10.78 14.35 14.39 17.49 15.64 12.64 13.22
Enterprise Value to Free Cash Flow (EV/FCFF)		 122.59 58.77 141.23 23.56 15.30 20.21 19.17 24.70 24.34 18.44 20.07
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.86 0.90 0.81 0.75 0.71 0.67 0.63 0.59 0.56 0.54 0.53
Long-Term Debt to Equity		 0.75 0.82 0.79 0.70 0.67 0.63 0.59 0.53 0.51 0.49 0.48
Financial Leverage		 0.40 0.40 0.37 0.39 0.30 0.26 0.22 0.18 0.11 0.07 0.05
Leverage Ratio		 3.23 3.08 2.81 2.62 2.53 2.44 2.30 2.24 2.22 2.16 2.08
Compound Leverage Factor		 3.06 2.87 2.56 2.38 2.25 2.30 2.15 2.09 2.08 2.06 1.98
Debt to Total Capital		 46.22% 47.29% 44.80% 42.76% 41.64% 40.17% 38.71% 37.10% 35.77% 35.16% 34.53%
Short-Term Debt to Total Capital		 5.81% 4.05% 1.40% 2.53% 2.47% 2.37% 2.29% 3.48% 3.33% 3.29% 3.22%
Long-Term Debt to Total Capital		 40.42% 43.24% 43.40% 40.23% 39.17% 37.80% 36.42% 33.63% 32.44% 31.87% 31.31%
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		 53.78% 52.71% 55.20% 57.24% 58.36% 59.83% 61.29% 62.90% 64.23% 64.84% 65.47%
Debt to EBITDA		 0.90 1.04 1.10 1.30 1.55 1.46 1.39 1.26 1.15 1.09 1.05
Net Debt to EBITDA		 0.53 0.53 0.64 0.57 0.41 0.32 0.14 0.13 0.10 0.02 0.06
Long-Term Debt to EBITDA		 0.78 0.95 1.07 1.22 1.46 1.38 1.31 1.14 1.04 0.99 0.95
Debt to NOPAT		 1.13 1.33 1.42 1.69 2.01 1.91 1.86 1.70 1.49 1.43 1.34
Net Debt to NOPAT		 0.66 0.68 0.83 0.75 0.53 0.42 0.19 0.18 0.14 0.03 0.07
Long-Term Debt to NOPAT		 0.99 1.22 1.37 1.59 1.89 1.80 1.75 1.54 1.35 1.30 1.22
Altman Z-Score		 4.39 4.11 4.65 4.40 4.07 5.06 5.77 6.88 5.78 5.63 5.67
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		 1.75 2.09 2.42 2.42 2.33 2.56 2.65 2.39 2.40 2.62 2.73
Quick Ratio		 1.01 1.21 1.32 1.47 1.51 1.70 1.85 1.64 1.64 1.79 1.84
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -9,512 -8,150 -8,365 -1,800 1,901 2,608 3,760 3,146 888 2,415 396
Operating Cash Flow to CapEx		 229.89% 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%
Free Cash Flow to Firm to Interest Expense		 -66.05 -47.94 -46.73 -10.46 10.99 14.65 21.86 18.73 4.96 14.82 2.43
Operating Cash Flow to Interest Expense		 10.04 18.21 8.14 15.45 23.64 16.57 20.66 18.17 14.79 28.14 15.67
Operating Cash Flow Less CapEx to Interest Expense		 5.67 16.52 5.66 13.67 21.98 15.37 19.61 15.88 13.36 26.44 14.36
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.98 0.93 0.89 0.80 0.72 0.71 0.72 0.73 0.73 0.76 0.78
Accounts Receivable Turnover		 9.59 10.75 10.56 10.08 8.12 9.71 10.80 10.99 10.96 11.52 12.52
Inventory Turnover		 3.89 3.41 3.13 2.80 2.49 2.45 2.49 2.60 2.66 2.85 3.05
Fixed Asset Turnover		 9.09 8.65 8.07 7.53 7.02 7.17 7.28 7.50 8.03 8.69 9.26
Accounts Payable Turnover		 5.69 6.04 6.94 6.13 5.56 6.85 8.60 7.61 7.59 7.58 7.82
Days Sales Outstanding (DSO)		 38.08 33.95 34.55 36.20 44.97 37.58 33.81 33.22 33.31 31.67 29.14
Days Inventory Outstanding (DIO)		 93.71 107.19 116.49 130.41 146.78 149.05 146.83 140.13 137.41 127.89 119.62
Days Payable Outstanding (DPO)		 64.11 60.46 52.60 59.50 65.64 53.26 42.47 47.97 48.10 48.18 46.68
Cash Conversion Cycle (CCC)		 67.68 80.68 98.43 107.12 126.10 133.37 138.17 125.38 122.63 111.38 102.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 25,880 26,286 27,704 27,284 25,597 26,457 26,075 26,192 27,608 27,152 28,505
Invested Capital Turnover		 2.26 2.04 1.82 1.51 1.39 1.38 1.35 1.40 1.46 1.52 1.55
Increase / (Decrease) in Invested Capital		 12,599 10,513 10,242 3,600 -283 171 -1,629 -1,092 2,011 695 2,430
Enterprise Value (EV)		 138,938 128,550 144,376 130,356 121,789 160,042 190,663 238,705 190,859 174,966 169,685
Market Capitalization		 129,838 119,911 135,067 123,543 117,715 156,616 189,057 237,183 189,525 174,694 168,908
Book Value per Share		 $16.04 $16.78 $17.67 $18.55 $19.34 $20.72 $21.93 $22.11 $23.59 $24.19 $25.07
Tangible Book Value per Share		 $5.01 $5.75 $6.63 $7.60 $8.54 $9.84 $11.09 $11.29 $12.77 $13.27 $14.10
Total Capital		 33,495 35,687 35,683 36,114 36,979 38,538 39,926 39,224 40,908 41,457 42,351
Total Debt		 15,482 16,877 15,985 15,444 15,398 15,480 15,457 14,554 14,634 14,577 14,623
Total Long-Term Debt		 13,537 15,431 15,486 14,530 14,484 14,566 14,543 13,190 13,270 13,212 13,258
Net Debt		 9,100 8,639 9,309 6,813 4,074 3,426 1,606 1,522 1,334 272 777
Capital Expenditures (CapEx)		 629 287 443 306 287 214 181 385 256 277 214
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 4,421 4,225 5,030 4,296 2,426 3,130 2,152 1,917 2,791 3,171 4,055
Debt-free Net Working Capital (DFNWC)		 10,803 12,463 11,706 12,927 13,750 15,184 16,003 14,949 16,091 17,476 17,901
Net Working Capital (NWC)		 8,858 11,017 11,207 12,013 12,836 14,270 15,089 13,585 14,727 16,111 16,536
Net Nonoperating Expense (NNE)		 214 128 173 -2.83 128 12 -195 -75 -21 -70 14
Net Nonoperating Obligations (NNO)		 7,867 7,476 8,006 6,614 4,016 3,399 1,606 1,522 1,334 272 777
Total Depreciation and Amortization (D&A)		 490 398 470 479 462 437 411 419 439 436 397
Debt-free, Cash-free Net Working Capital to Revenue		 10.00% 9.84% 12.25% 11.13% 6.77% 8.62% 5.91% 5.13% 7.16% 7.79% 9.59%
Debt-free Net Working Capital to Revenue		 24.44% 29.01% 28.50% 33.50% 38.39% 41.84% 43.96% 40.03% 41.30% 42.94% 42.33%
Net Working Capital to Revenue		 20.04% 25.65% 27.29% 31.13% 35.83% 39.32% 41.45% 36.37% 37.80% 39.59% 39.11%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.57 $1.99 $1.53 $1.62 $1.33 $2.48 $2.08 $1.91 $2.62 $2.86 $2.55
Adjusted Weighted Average Basic Shares Outstanding		 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.12B 1.11B 1.10B
Adjusted Diluted Earnings per Share		 $2.53 $1.98 $1.52 $1.60 $1.32 $2.46 $2.06 $1.88 $2.57 $2.83 $2.52
Adjusted Weighted Average Diluted Shares Outstanding		 1.14B 1.13B 1.12B 1.12B 1.13B 1.13B 1.13B 1.13B 1.13B 1.12B 1.12B
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 1.12B 1.11B 1.12B 1.11B 1.12B 1.12B 1.11B 1.11B 1.11B 1.10B
Normalized Net Operating Profit after Tax (NOPAT)		 3,087 2,363 1,877 1,800 987 2,779 2,131 2,054 1,807 3,110 2,826
Normalized NOPAT Margin		 27.09% 24.97% 20.24% 21.30% 11.44% 27.97% 22.70% 21.87% 17.64% 26.65% 25.74%
Pre Tax Income Margin		 30.46% 25.06% 20.43% 20.79% 16.45% 29.81% 26.61% 24.26% 25.35% 31.15% 28.28%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 25.46 14.95 11.59 11.22 9.21 17.64 15.52 14.57 15.51 23.30 20.05
NOPAT to Interest Expense		 21.44 13.90 10.49 10.47 9.35 15.61 12.39 12.23 16.20 19.08 17.33
EBIT Less CapEx to Interest Expense		 21.09 13.26 9.11 9.44 7.55 16.44 14.47 12.27 14.08 21.60 18.74
NOPAT Less CapEx to Interest Expense		 17.07 12.21 8.01 8.69 7.69 14.41 11.34 9.94 14.77 17.38 16.02
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 24.83% 27.94% 31.86% 39.58% 47.87% 45.27% 42.64% 41.69% 36.35% 35.38% 34.21%
Augmented Payout Ratio		 49.02% 55.30% 61.96% 75.25% 88.98% 77.31% 70.25% 78.63% 76.99% 83.57% 89.49%

Key Financial Trends

QUALCOMM (NASDAQ: QCOM) has shown a stable and growing financial profile over the past four years through Q2 2025. Here are the key takeaways from the income statements, cash flow statements, and balance sheets:

  • Consistent Revenue Growth: Operating revenue has increased from approximately $8.45 billion in Q3 2023 to $10.98 billion in Q2 2025, indicating steady demand and market expansion.
  • Robust Net Income: Net income attributable to common shareholders has grown from $1.8 billion in Q3 2023 to $2.81 billion in Q2 2025, showing strong profitability improvement.
  • Healthy Gross Profit: Gross profit increased appreciably from about $4.66 billion in Q3 2023 to $6.04 billion in Q2 2025, reflecting effective cost management despite rising expenses.
  • Strong Operating Income: Operating income rose from $1.82 billion in Q3 2023 to $3.12 billion in Q2 2025, reflecting improved operational efficiency.
  • Growing Cash Flow from Operations: Cash generated from continuing operations increased from $3.05 billion in Q3 2023 to $2.55 billion in Q2 2025. While slightly lower than the last quarter, operating cash flow remains robust overall.
  • Solid Balance Sheet: Total assets increased from $49 billion in Q3 2023 to $55.4 billion in Q2 2025, supported by growth in goodwill and other intangible assets, indicating investments in acquisitions and intellectual property.
  • Strong Equity Position: Total shareholders' equity rose from $20.7 billion in Q3 2023 to $27.7 billion in Q2 2025, reflecting accumulated earnings growth and retained capital.
  • Increasing Debt Levels: Long-term debt rose from $13.9 billion in Q3 2023 to $13.2 billion in Q2 2025 with some fluctuations, which is manageable given the company's strong cash flow but should be monitored.
  • R&D and SG&A Expenses: Research & development expenses have increased slightly over time, consistent with investments in innovation. SG&A expenses also remain stable, supporting growth initiatives.
  • Declining Cash & Equivalents: Cash and equivalents declined from $7.8 billion in Q4 2024 to $7.2 billion in Q2 2025, partly due to dividends, share repurchases, and investment activities, indicating cash is being actively deployed.

Summary: QUALCOMM has demonstrated consistent revenue and earnings growth through its fiscal quarters from 2022 to 2025. The company maintains strong profitability, solid cash flow from operations, and a robust equity base. Investments in R&D and goodwill support future innovation and market positioning. However, investors should keep an eye on the company's rising debt levels and cash deployment strategies, including share repurchases and dividends.

08/03/25 02:16 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 9 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 $5.27 billion in 2015. The previous period was $7.23 billion in 2023. Find out what analysts predict for QUALCOMM in the coming months.

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 9 years?

Over the last 9 years, QUALCOMM's total revenue changed from $25.28 billion in 2015 to $38.96 billion in 2024, a change of 54.1%.

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 49.0% increase since 2015.

How much cash does QUALCOMM have?

In the past 9 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 9 years?

Over the last 9 years, QUALCOMM's book value per share changed from 20.00 in 2015 to 23.59 in 2024, a change of 17.9%.


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This page (NASDAQ:QCOM) was last updated on 8/3/2025 by MarketBeat.com Staff
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