Qualcomm Inc (QCOM) financials
Qualcomm revenue and earnings by year
Qualcomm's revenue was $44.3 billion in the fiscal year to September 28, 2025, up 13.7% from the year before. Net income was $5.54 billion, 12.5% of revenue. Since the fiscal year to September 25, 2016, revenue has grown 7.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 44.3 | 39.0 | 35.8 | 44.2 | 33.6 | 23.5 | 24.3 | 22.6 | 22.3 | 23.6 |
| Revenue growth | 13.7% | 8.8% | -19.0% | 31.7% | 42.6% | -3.1% | 7.4% | 1.6% | -5.5% | — |
| Gross profit | 24.5 | 21.9 | 20.0 | 25.6 | 19.3 | 14.3 | 15.7 | 12.4 | 12.5 | 13.8 |
| Gross margin | 55.4% | 56.2% | 55.7% | 57.8% | 57.5% | 60.7% | 64.6% | 54.7% | 56.0% | 58.6% |
| Operating income | 12.4 | 10.1 | 7.8 | 15.9 | 9.8 | 6.3 | 7.7 | 0.6 | 2.6 | 6.5 |
| Operating margin | 27.9% | 25.8% | 21.7% | 35.9% | 29.2% | 26.6% | 31.6% | 2.7% | 11.6% | 27.6% |
| Net income | 5.5 | 10.1 | 7.2 | 12.9 | 9.0 | 5.2 | 4.4 | -5.0 | 2.4 | 5.7 |
| Net margin | 12.5% | 26.0% | 20.2% | 29.3% | 26.9% | 22.1% | 18.1% | -22.0% | 11.0% | 24.2% |
| Diluted EPS | $5.01 | $8.97 | $6.42 | $11.37 | $7.87 | $4.53 | $3.59 | -$3.38 | $1.64 | $3.81 |
| Free cash flow | 12.8 | 11.2 | 10.0 | 6.8 | 8.7 | 4.4 | 6.4 | 3.1 | 4.3 | 7.1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open QCOM in Markets.
How Qualcomm makes money
Revenue by segment in the quarter to June 28, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Qct | $8.50B | 86.9% |
| Qtl | $1.28B | 13.1% |
See also: QCOM valuation and P/E history · QCOM returns
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Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.