Overview
QUALCOMM INC/DE
Latest 10-K: FY2025, filed Nov 5, 2025 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $44.28B
- 13.7%YoYup from FY2024
- TotalRevenue
- Gross profit
- $24.55B
- 12.1%YoYup from FY2024
- GrossProfit
- Operating income
- $12.36B
- 22.7%YoYup from FY2024
- OperatingIncome
- Net income
- $5.54B
- 45.4%YoYdown from FY2024
- NetIncome
- Diluted EPS
- $5.01
- 44.1%YoYdown from FY2024
- EPSDiluted
- Diluted shares
- 1.10B
- 2.2%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- QUALCOMM INC/DE reported revenue of $44.28B for fiscal 2025, up 13.7% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.
Profitability
- Operating margin was 27.9% and net margin was 12.5%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $5.01, down 44.1% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $44.28B13.7%up Benchmark median 6.4% | $38.96B8.8%up Benchmark median 4.5% | $35.82B19.0%down Benchmark median 4.8% | $44.20B31.7%up Benchmark median 10.3% | $33.57B42.6%up Benchmark median 13.8% | 7.2% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $24.55B12.1%up Benchmark median 6.8% | $21.90B9.8%up Benchmark median 5.5% | $19.95B22.0%down Benchmark median 5.2% | $25.57B32.4%up Benchmark median 8.3% | $19.30B35.2%up Benchmark median 15.7% | 6.2% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $12.36B22.7%up Benchmark median 7.3% | $10.07B29.3%up Benchmark median 7.4% | $7.79B50.9%down Benchmark median 4.9% | $15.86B62.0%up Benchmark median 7.5% | $9.79B56.5%up Benchmark median 23.5% | 6.0% Benchmark median 7.2% |
| Net Income | $5.54B45.4%down Benchmark median 4.8% | $10.14B40.2%up Benchmark median 5.7% | $7.23B44.1%down Benchmark median 1.9% | $12.94B43.0%up Benchmark median 1.3% | $9.04B74.0%up Benchmark median 33.9% | -11.5% Benchmark median 4.1% |
| EPS (Diluted) | $5.0144.1%down Benchmark median 6.2% | $8.9739.7%up Benchmark median 7.9% | $6.4243.5%down Benchmark median 1.9% | $11.3744.5%up Benchmark median 1.5% | $7.8774.1%up Benchmark median 34.8% | -10.7% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $50.14B9.1%down Benchmark median 5.6% | $55.15B8.1%up Benchmark median 3.4% | $51.04B4.1%up Benchmark median 4.1% | $49.01B18.9%up Benchmark median 2.2% | $41.24B15.9%up Benchmark median 6.7% | 5.0% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $28.94B0.2%up Benchmark median 6.4% | $28.88B2.0%down Benchmark median 1.9% | $29.46B5.0%down Benchmark median 2.9% | $31.00B0.9%down Benchmark median 2.0% | $31.29B6.0%up Benchmark median 5.2% | -1.9% Benchmark median 4.4% |
| Stockholders' Equity | $21.21B19.3%down Benchmark median 6.8% | $26.27B21.7%up Benchmark median 5.4% | $21.58B19.8%up Benchmark median 7.3% | $18.01B81.0%up Benchmark median 2.5% | $9.95B63.7%up Benchmark median 9.0% | 20.8% Benchmark median 6.1% |
| Cash & Equivalents | $5.52B29.7%down Benchmark median 5.2% | $7.85B7.1%down Benchmark median 1.9% | $8.45B204.7%up Benchmark median 6.7% | $2.77B61.0%down Benchmark median -8.6% | $7.12B6.1%up Benchmark median -2.9% | -6.2% Benchmark median 2.0% |
| Total Debt | $14.81B1.2%up Benchmark median 2.1% | $14.63B5.0%down Benchmark median 0.2% | $15.40B2.8%up Benchmark median 0.3% | $14.98B1.7%down Benchmark median 0.1% | $15.24B0.1%up Benchmark median -0.1% | -0.7% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.01B14.8%up Benchmark median 6.3% | $12.20B8.0%up Benchmark median 4.8% | $11.30B24.2%up Benchmark median 9.9% | $9.10B13.7%down Benchmark median -0.7% | $10.54B81.2%up Benchmark median 10.7% | 7.4% Benchmark median 7.0% |
| Capital Expenditures | $1.19B14.5%up Benchmark median 5.4% | $1.04B28.2%down Benchmark median 2.8% | $1.45B35.9%down Benchmark median 11.3% | $2.26B19.8%up Benchmark median 14.0% | $1.89B34.2%up Benchmark median 8.1% | -10.9% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $12.82B14.9%up Benchmark median 7.3% | $11.16B13.3%up Benchmark median 6.1% | $9.85B44.1%up Benchmark median 8.8% | $6.83B21.0%down Benchmark median -11.3% | $8.65B96.2%up Benchmark median 10.2% | 10.3% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
3.0%
Wall Street
on net earnings
FY2024 5.3%
6.9%
Value investor
on free cash flow
FY2024 5.8%
Gap +3.9 pts: Value-investor figure 3.9 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 33.8×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
7.3%
Wall Street
on EBITDA
FY2024 6.1%
6.4%
Value investor
on EBIT
FY2024 5.2%
Gap −0.9 pts: Value-investor figure 0.9 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 13.7×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
11.3%
Wall Street
on book equity
FY2024 13.7%
4.7%
Value investor
on tangible book
FY2024 7.4%
Gap −6.6 pts: Value-investor figure 6.6 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 8.8×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
23.3%
Wall Street
ROE: net income ÷ equity
FY2024 42.4%
26.0%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 30.2%
Gap +2.7 pts: Value-investor figure 2.7 points higher
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
31.5%
Wall Street
EBITDA margin
FY2024 30.2%
28.9%
Value investor
Free-cash-flow margin
FY2024 28.6%
Gap −2.6 pts: Value-investor figure 2.6 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
2.82×
Wall Street
Current ratio
FY2024 2.40×
2.10×
Value investor
Quick ratio, inventory excluded
FY2024 1.79×
Gap −0.72×: Value-investor figure 0.72 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.94×
Wall Street
EBITDA ÷ total debt
FY2024 0.80×
0.87×
Value investor
FCF ÷ total debt
FY2024 0.76×
Gap −0.07×: Value-investor figure 0.07 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 0.33×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
21.0×
Wall Street
EBITDA ÷ interest
FY2024 16.9×
18.6×
Value investor
EBIT ÷ interest
FY2024 14.4×
Gap −2.4×: Value-investor figure 2.4 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on QCOM yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on QCOM and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/QCOM
Valuein. (2026, October 31). QUALCOMM INC/DE (QCOM) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/QCOM
@misc{valuein_qcom_2026,
author = {{Valuein}},
title = {QUALCOMM INC/DE (QCOM) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/QCOM}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Nov 5, 2025 · accession 0000804328-25-000085
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