Qualcomm Incorporated (QCOM) Financial Statements

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Qualcomm financial statements at a glance

Qualcomm reported revenue of $44.28 billion for fiscal year 2025 (ended September 30, 2025), up 13.7% from fiscal year 2024. Net income was $5.54 billion, a net margin of 12.5%.

At the end of fiscal year 2025 it had total assets of $50.14 billion, total liabilities of $28.94 billion and shareholders' equity of $21.21 billion, with cash and short-term investments of $10.16 billion and total debt of $14.81 billion.

Its operations brought in $14.01 billion of cash; capital spending was $1.19 billion, leaving free cash flow of $12.82 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended September 30, 2025.

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Qualcomm Incorporated

QCOMUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
44.28B
Prev Year: 38.96B
YoY: +13.7%
Operating Revenue
44.28B
Prev Year: 38.96B
YoY: +13.7%
Tax Rate for Calcs
0.21
Prev Year: 0
Tax Effect of Unusual Items
35.07M
Prev Year: 1.78M
YoY: +1870.2%
Write-offs
113.00M
Prev Year: 79.00M
YoY: +43.0%
Gain on Sale of Securities
319.00M
Prev Year: 168.00M
YoY: +89.9%
Cost of Revenue
19.74B
Prev Year: 17.06B
YoY: +15.7%
Gross Profit
24.55B
Prev Year: 21.90B
YoY: +12.1%
Operating Expense
12.15B
Prev Year: 11.83B
YoY: +2.7%
Selling General and Administrative
3.11B
Prev Year: 2.76B
YoY: +12.7%
Research and Development
9.04B
Prev Year: 8.89B
YoY: +1.7%
Operating Income
12.39B
Prev Year: 10.07B
YoY: +23.1%
Net Non Operating Interest Income Expense
-25.00M
Prev Year: -22.00M
YoY: -13.6%
Non-operating Interest Income
639.00M
Prev Year: 675.00M
YoY: -5.3%
Non-operating Interest Expense
664.00M
Prev Year: 697.00M
YoY: -4.7%
Other Income Expense
294.00M
Prev Year: 287.00M
YoY: +2.4%
Special Income Charges
-152.00M
Prev Year: -79.00M
YoY: -92.4%
Restructuring and Mergers Acquisition
39.00M
Other Non-operating Income (expense)
127.00M
Prev Year: 198.00M
YoY: -35.9%
Equity in Earnings of Affiliates
-
Pre-tax Income
12.66B
Prev Year: 10.34B
YoY: +22.5%
Provision for Income Taxes
7.12B
Prev Year: 226.00M
YoY: +3051.3%
Net Income Common Stockholders
5.54B
Prev Year: 10.14B
YoY: -45.4%
Net Income
5.54B
Prev Year: 10.14B
YoY: -45.4%
Net Income Including Non-Controlling Interests
5.54B
Prev Year: 10.14B
YoY: -45.4%
Net Income from Continuing Operations
5.54B
Prev Year: 10.11B
YoY: -45.2%
Diluted NI Available to Com Stockholders
5.54B
Prev Year: 10.14B
YoY: -45.4%
Total Operating Income as Reported
12.36B
Prev Year: 10.07B
YoY: +22.7%
Basic EPS
-
Prev Year: 9.09
Total Expenses
31.89B
Prev Year: 28.89B
YoY: +10.4%
Diluted EPS
-
Prev Year: 8.97
Net Income from Continuing and Discontinued Operation
5.54B
Prev Year: 10.14B
YoY: -45.4%
Weighted Average Shares (basic)
-
Prev Year: 1.12B
Normalized Income
5.41B
Prev Year: 10.02B
YoY: -46.0%
Weighted Average Shares (diluted)
-
Prev Year: 1.13B
Interest Income
639.00M
Prev Year: 675.00M
YoY: -5.3%
Interest Expense
664.00M
Prev Year: 697.00M
YoY: -4.7%
Net Interest Income
-25.00M
Prev Year: -22.00M
YoY: -13.6%
EBIT
13.33B
Prev Year: 11.03B
YoY: +20.8%
EBITDA
14.93B
Prev Year: 12.74B
YoY: +17.2%
Reconciled Cost of Revenue
19.74B
Prev Year: 17.06B
YoY: +15.7%
Reconciled Depreciation
1.60B
Prev Year: 1.71B
YoY: -6.1%
Net Income from Continuing Operation Net Minority Interest
5.54B
Prev Year: 10.11B
YoY: -45.2%
Total Unusual Items Excluding Goodwill
167.00M
Prev Year: 89.00M
YoY: +87.6%
Total Unusual Items
167.00M
Prev Year: 89.00M
YoY: +87.6%
Normalized EBITDA
14.76B
Prev Year: 12.65B
YoY: +16.7%
Values in USD

Qualcomm key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$44.3B$39.0B$35.8B$44.2B$33.6B
Gross profit$24.5B$21.9B$20.0B$25.6B$19.3B
Operating income$12.4B$10.1B$7.8B$15.9B$9.8B
Net income$5.5B$10.1B$7.2B$12.9B$9.0B
Diluted EPS–$8.97$6.42$11.37$7.87
Total assets$50.1B$55.2B$51.0B$49.0B$41.2B
Total liabilities$28.9B$28.9B$29.5B$31.0B$31.3B
Shareholders' equity$21.2B$26.3B$21.6B$18.0B$10.0B
Cash and short-term investments$10.2B$13.3B$11.3B$6.4B$12.4B
Total debt$14.8B$14.6B$15.4B$15.5B$15.7B
Operating cash flow$14.0B$12.2B$11.3B$9.1B$10.5B
Capital spending$1.2B$1.0B$1.5B$2.3B$1.9B
Free cash flow$12.8B$11.2B$9.8B$6.8B$8.6B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Qualcomm's revenue in fiscal year 2025?

$44.28 billion, up 13.7% from $38.96 billion in fiscal year 2024.

How much profit does Qualcomm make?

Qualcomm reported net income of $5.54 billion for fiscal year 2025 (12.5% of revenue); operating income was $12.39 billion.

How much cash and debt does Qualcomm have?

At the end of fiscal year 2025: cash and short-term investments of $10.16 billion and total debt of $14.81 billion.

What is Qualcomm's free cash flow?

$12.82 billion in fiscal year 2025 (operating cash flow of $14.01 billion minus capital spending of $1.19 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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