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QCOM QUALCOMM INC

NasdaqTechnologyRadio & Tv Broadcasting & Communications EquipmentSan Diego, CAFY ends September 27

Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Nov 5, 2025

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$44.3BYoYup 13.66%ended Sep 28, 2025
Net income
$5.54B12.5% margin
Diluted EPS
$5.01YoYdown 44.15%
Free cash flow
—
Cash
$5.52BNet debt $9.29B
Total debt
$14.8BD/E 0.7×
About QUALCOMM INC

Overview

QUALCOMM INC (QCOM) is listed on Nasdaq; the SEC classifies it under "Radio & Tv Broadcasting & Communications Equipment".

For fiscal 2025 (ended Sep 28, 2025) it reported revenue of $44.28B, up 13.7% from fiscal 2024.

Net income was $5.54B, a net margin of 12.5%.

At fiscal year end it had total assets of $50.14B and stockholders' equity of $21.21B (42.3% of assets).

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Nov 5, 2025
Latest filing
S-3Oct 2, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016$23.6B$5.71B24.2%
FY2017$22.3B$2.47B11.1%
FY2018$22.7B-$4.86B-21.4%
FY2019$24.3B$4.39B18.1%
FY2020$23.5B$5.2B22.1%
FY2021$33.6B$9.04B26.9%
FY2022$44.2B$12.9B29.3%
FY2023$35.8B$7.23B20.2%
FY2024$39B$10.1B26.0%
FY2025$44.3B$5.54B12.5%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2016 to FY2025.
PeriodGross marginOperating marginNet margin
FY201658.6%27.6%24.2%
FY201756.1%11.7%11.1%
FY201854.9%3.3%-21.4%
FY201964.6%31.6%18.1%
FY202060.7%26.6%22.1%
FY202157.5%29.2%26.9%
FY202257.8%35.9%29.3%
FY202355.7%21.7%20.2%
FY202456.2%25.8%26.0%
FY202555.4%27.9%12.5%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016$3.81
FY2017$1.65
FY2018-$3.32
FY2019$3.59
FY2020$4.52
FY2021$7.87
FY2022$11.37
FY2023$6.42
FY2024$8.97
FY2025$5.01

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY20161.5B
FY20171.49B
FY20181.46B
FY20191.22B
FY20201.15B
FY20211.15B
FY20221.14B
FY20231.13B
FY20241.13B
FY20251.11B

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalentsTotal debt
FY2016$5.95B$11.8B
FY2017$35B$19.4B
FY2018$11.8B$15.4B
FY2019$11.8B$15.4B
FY2020$6.71B$15.2B
FY2021$7.12B$15.2B
FY2022$2.77B$15B
FY2023$8.45B$15.4B
FY2024$7.85B$14.6B
FY2025$5.52B$14.8B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Gross margin
55.4%
Operating margin
27.9%
Net margin
12.5%
Return on equity
23.3%
Return on assets
10.5%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 13.66%up 0.06%up 13.48%up 7.27%
EPS (diluted)down 44.15%down 23.90%up 2.08%up 3.09%
Free cash flow————
Change in share count
-2.21%

Financial strength

Current ratio
2.82×
Debt / equity
0.7×
Liabilities / assets
57.7%
Net debt
$9.29B
Interest coverage
18.6×
Equity / assets
42.3%

Shareholder returns

Dividends per share
$3.48
Buybacks
$8.79B
Stock comp. / revenue
6.3%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

6 of 9 checks passed

FY2025 vs FY2024

  • PassPositive return on assets10.0%
  • PassPositive operating cash flow$14B
  • FailReturn on assets improved10.0% vs 19.9%
  • PassOperating cash flow above net income25.4% vs 10.0%
  • FailLong-term debt / assets fell29.5% vs 24.1%
  • PassCurrent ratio improved2.82× vs 2.4×
  • PassNo increase in share count1.11B vs 1.13B
  • FailGross margin improved55.4% vs 56.2%
  • PassAsset turnover improved0.8× vs 0.76×

Altman Z''-Score

Safe zone (above 2.60)

FY2025

Altman Z''-Score: Components
ComponentsRatioWeightPoints
Working capital / assets0.331×6.562.17
Retained earnings / assets0.412×3.261.34
Operating income / assets0.246×6.721.66
Equity / liabilities0.733×1.050.77
Z''5.94

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Sep 28, 2025FY2024Sep 29, 2024FY2023Sep 24, 2023FY2022Sep 25, 2022FY2021Sep 26, 2021FY2020Sep 27, 2020FY2019Sep 29, 2019FY2018Sep 30, 2018FY2017Sep 24, 2017FY2016Sep 25, 2016
Revenue44,28438,96235,82044,20033,56623,53124,27322,73222,29123,554
YoY (Revenue)+13.66%+8.77%-18.96%+31.68%+42.65%-3.06%+6.78%+1.98%-5.36%—
Gross profit24,54621,90219,95125,56519,30414,27615,67412,48812,49913,805
Research & development9,0428,8938,8188,1947,1765,9755,3985,6255,4855,151
Selling, general & admin.3,1102,7592,4832,5702,3392,0742,1952,9862,6582,385
Operating income12,35510,0717,78815,8609,7896,2557,6677422,6146,495
Interest expense664697694490559602627768494297
Pretax income12,66310,3367,44314,99810,2745,7197,4815133,0206,833
Income tax7,1222261042,0121,2315213,0955,3775551,131
Net income5,54110,1427,23212,9369,0435,1984,386-4,8642,4665,705
YoY (Net income)-45.37%+40.24%-44.09%+43.05%+73.97%+18.51%—-297.24%-56.77%—
EPS (basic)5.059.096.4711.527.994.583.63-3.321.673.84
EPS (diluted)5.018.976.4211.377.874.523.59-3.321.653.81
YoY (EPS (diluted))-44.15%+39.72%-43.54%+44.47%+74.12%+25.91%—-301.21%-56.69%—
Diluted shares (weighted)1,1051,1301,1261,1371,1491,1491,2201,4631,4901,498

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Sep 28, 2025FY2024Sep 29, 2024FY2023Sep 24, 2023FY2022Sep 25, 2022FY2021Sep 26, 2021FY2020Sep 27, 2020FY2019Sep 29, 2019FY2018Sep 30, 2018FY2017Sep 24, 2017FY2016Sep 25, 2016
Cash & equivalents5,5207,8498,4502,7737,1166,70711,83911,77735,0295,946
Receivables2,8552,3471,9234,1752,2142,6871,0462,8483,5762,194
Inventory6,5266,4236,4226,3413,2282,5981,4001,6932,0351,556
Current assets25,75425,23122,46420,72420,07518,51916,76517,38443,59322,981
Goodwill11,35810,79910,64210,5087,2466,3236,2826,4986,6235,679
Intangible assets1,1481,2441,4081,8821,4581,6532,1722,9553,7373,500
Total assets50,14355,15451,04049,01441,24035,59432,95732,68665,48652,359
Current liabilities9,14410,5049,62811,86611,9518,6728,93511,23610,9077,311
Short-term debt01,3649141,4461,54401,997——1,749
Long-term debt14,81113,27014,48413,53713,70115,22613,43715,36519,39810,008
Total liabilities28,93728,88029,45931,00131,29029,51728,04831,75834,74020,591
Retained earnings20,64625,68720,73317,8409,8225,2844,46666330,08830,936
Stockholders' equity21,20626,27421,58118,0139,9506,0774,90992830,74631,778
Shares outstanding1,0741,1131,1141,1211,1251,1311,1451,2191,4741,476

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Sep 28, 2025FY2024Sep 29, 2024FY2023Sep 24, 2023FY2022Sep 25, 2022FY2021Sep 26, 2021FY2020Sep 27, 2020FY2019Sep 29, 2019FY2018Sep 30, 2018FY2017Sep 24, 2017FY2016Sep 25, 2016
Operating cash flow14,01212,20211,2999,09610,5365,8147,2863,8954,6937,400
Depreciation & amortization1,6021,7061,8091,7621,5821,3931,4011,5611,4611,428
Stock-based compensation2,7832,6482,4842,0311,6631,2121,037883914943
Share repurchases8,7914,1212,9733,1293,3662,4501,79322,5801,3423,923
Dividends per share3.483.303.102.862.662.542.482.382.202.02
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$5.01
Revenue per share
$40.08
Book value per share
$19.19
Tangible book per share
$7.87
Cash per share
$5.00
Dividends per share
$3.48
Public floatas of Mar 28, 2025
$168B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. S-3
    Registration statement(SEC EDGAR)
  2. 8-K
    Current report· Sep 3, 2026(SEC EDGAR)
    • 3.02Unregistered sale of equity
  3. 8-K
    Current report· Jul 31, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  4. 10-Q
    Quarterly report· Jun 28, 2026(SEC EDGAR)
  5. 8-K
    Current report· Jul 29, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  6. 8-K
    Current report· Jun 21, 2026(SEC EDGAR)
    • 3.02Unregistered sale of equity
  7. 10-Q
    Quarterly report· Mar 29, 2026(SEC EDGAR)
  8. 8-K
    Current report· Apr 29, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  9. 8-K
    Current report· Mar 17, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
  10. 10-Q
    Quarterly report· Dec 28, 2025(SEC EDGAR)
All filings on SEC EDGAR

Frequently asked questions

What does QUALCOMM INC do?

The SEC classifies QUALCOMM INC under Standard Industrial Classification (SIC) code 3663, "Radio & Tv Broadcasting & Communications Equipment". It is headquartered in San Diego, CA. It is incorporated in DE. In fiscal 2025 it reported revenue of $44.28B and net income of $5.54B in its annual 10-K report.

What was QUALCOMM INC's revenue in 2025?

QUALCOMM INC reported revenue of $44.28B for fiscal 2025, which ended Sep 28, 2025, up 13.7% from $38.96B in fiscal 2024, according to its annual 10-K report filed with the SEC on Nov 5, 2025.

What was QUALCOMM INC's net income in 2025?

QUALCOMM INC reported net income of $5.54B for fiscal 2025, a net margin of 12.5% of revenue.

Where is QUALCOMM INC listed?

According to the SEC, QUALCOMM INC's ticker QCOM is listed on Nasdaq.

When does QUALCOMM INC's fiscal year end?

According to the SEC, QUALCOMM INC's fiscal year ends on September 27; its latest reported fiscal year (2025) ended Sep 28, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.