QUALCOMM Incorporated (QCOM) Income Statement
QCOM FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsQCOM revenue and net income
Where QCOM's revenue goes
FY2025Each bar shows an amount and its share of revenue. QCOM kept 12.5% of revenue as net income.
QCOM profit margins
QCOM growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.7% | +0.1% | +13.5% | +5.8% |
| Gross profit | +12.1% | −1.3% | +11.4% | +5.1% |
| Operating income | +22.7% | −8.0% | +14.6% | +7.9% |
| Net income | −45.4% | −24.6% | +1.3% | +0.5% |
| EPS (diluted) | +13.5% | −2.6% | +22.6% | +9.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
QCOM quarterly EPS vs estimates
Qualcomm beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.46).
QCOM income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.28B | $38.96B | $35.82B | $44.20B | $33.57B | $23.53B | $24.27B | $22.73B | $22.29B | $23.55B |
| Cost of revenue | $19.74B | $17.06B | $15.87B | $18.64B | $14.26B | $9.26B | $8.60B | $10.24B | $9.79B | $9.75B |
| Gross profit | $24.55B | $21.90B | $19.95B | $25.57B | $19.30B | $14.28B | $15.67B | $12.49B | $12.50B | $13.80B |
| Research & development | $9.04B | $8.89B | $8.82B | $8.19B | $7.18B | $5.97B | $5.40B | $5.62B | $5.49B | $5.15B |
| Sales, general & admin | $3.11B | $2.76B | $2.48B | $2.57B | $2.34B | $2.07B | $2.19B | $2.99B | $2.66B | $2.21B |
| Total operating expenses | $12.19B | $11.83B | $12.16B | $9.71B | $9.52B | $8.02B | $8.01B | $11.75B | $9.88B | $7.31B |
| Operating income | $12.36B | $10.07B | $7.79B | $15.86B | $9.79B | $6.25B | $7.67B | $621.0M | $2.58B | $6.50B |
| Interest income | $639.0M | $675.0M | $313.0M | $91.0M | $83.0M | $156.0M | $316.0M | $625.0M | $619.0M | $611.0M |
| Interest expense | $664.0M | $697.0M | $694.0M | $490.0M | $559.0M | $602.0M | $627.0M | $768.0M | $494.0M | $297.0M |
| Income before taxes | $12.66B | $10.34B | $7.44B | $15.00B | $10.27B | $5.72B | $7.48B | $513.0M | $3.02B | $6.83B |
| Income taxes | $7.12B | $226.0M | $104.0M | $2.01B | $1.23B | $521.0M | $3.10B | $5.38B | $555.0M | $1.13B |
| Net income | $5.54B | $10.14B | $7.23B | $12.94B | $9.04B | $5.20B | $4.39B | −$4.96B | $2.47B | $5.71B |
| EBITDA | $14.93B | $12.74B | $9.95B | $17.25B | $12.41B | $7.62B | $9.48B | $5.33B | $4.97B | $8.24B |
| EPS (diluted) | $11.59 | $10.21 | $8.41 | $12.53 | $8.54 | $4.18 | $3.55 | $3.43 | $4.28 | $4.45 |
| Gross margin | 55.4% | 56.2% | 55.7% | 57.8% | 57.5% | 60.7% | 64.6% | 54.9% | 56.1% | 58.6% |
| Operating margin | 27.9% | 25.8% | 21.7% | 35.9% | 29.2% | 26.6% | 31.6% | 2.7% | 11.6% | 27.6% |
| Net margin | 12.5% | 26.0% | 20.2% | 29.3% | 26.9% | 22.1% | 18.1% | −21.8% | 11.1% | 24.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.95B | $10.60B | $12.25B | $11.27B | $10.37B | $10.98B | $11.67B | $10.24B | $9.39B | $9.39B | $9.94B | $8.63B |
| Cost of revenue | $4.67B | $4.90B | $5.57B | $5.03B | $4.61B | $4.94B | $5.16B | $4.47B | $4.17B | $4.11B | $4.31B | $3.88B |
| Gross profit | $5.28B | $5.70B | $6.68B | $6.24B | $5.76B | $6.04B | $6.51B | $5.78B | $5.22B | $5.28B | $5.62B | $4.75B |
| Research & development | $2.61B | $2.46B | $2.45B | $2.37B | $2.23B | $2.22B | $2.23B | $2.30B | $2.26B | $2.24B | $2.10B | $2.13B |
| Sales, general & admin | $976.0M | $898.0M | $865.0M | $910.0M | $771.0M | $706.0M | $723.0M | $761.0M | $664.0M | $707.0M | $627.0M | $628.0M |
| Total operating expenses | $3.65B | $3.39B | $3.32B | $3.32B | $3.00B | $2.92B | $2.95B | $3.19B | $3.00B | $2.94B | $2.69B | $3.34B |
| Operating income | $1.63B | $2.31B | $3.37B | $2.92B | $2.76B | $3.12B | $3.56B | $2.58B | $2.22B | $2.34B | $2.93B | $1.41B |
| Interest income | $97.0M | $113.0M | $136.0M | $144.0M | $160.0M | $167.0M | $169.0M | $185.0M | $182.0M | $160.0M | $149.0M | $120.0M |
| Interest expense | $178.0M | $171.0M | $169.0M | $170.0M | $168.0M | $163.0M | $163.0M | $180.0M | $168.0M | $172.0M | $178.0M | $173.0M |
| Income before taxes | $2.46B | $2.23B | $3.55B | $2.97B | $2.95B | $3.10B | $3.63B | $2.60B | $2.28B | $2.50B | $2.96B | $1.42B |
| Income taxes | $460.0M | −$5.14B | $543.0M | $6.09B | $286.0M | $293.0M | $455.0M | −$319.0M | $171.0M | $223.0M | $151.0M | −$209.0M |
| Net income | $2.00B | $7.37B | $3.00B | −$3.12B | $2.67B | $2.81B | $3.18B | $2.92B | $2.13B | $2.33B | $2.77B | $1.49B |
| EBITDA | $3.04B | $2.82B | $4.11B | $3.51B | $3.74B | $3.12B | $4.23B | $3.21B | $2.71B | $3.08B | $3.34B | $2.06B |
| EPS (diluted) | $1.53 | $2.65 | $3.50 | $2.56 | $2.77 | $2.85 | $3.41 | $2.69 | $2.33 | $2.44 | $2.75 | $2.02 |
| Gross margin | 53.1% | 53.8% | 54.6% | 55.3% | 55.6% | 55.0% | 55.8% | 56.4% | 55.6% | 56.3% | 56.6% | 55.0% |
| Operating margin | 16.3% | 21.8% | 27.5% | 25.9% | 26.6% | 28.4% | 30.5% | 25.2% | 23.6% | 24.9% | 29.5% | 16.3% |
| Net margin | 20.1% | 69.5% | 24.5% | −27.7% | 25.7% | 25.6% | 27.3% | 28.5% | 22.7% | 24.8% | 27.9% | 17.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in QCOM's financial statements (latest annual report filed November 5, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
QCOM financial results
In fiscal year 2025 (ended September 30, 2025), Qualcomm reported revenue of $44.3 billion, up 13.7% from the year before. It had net income of $5.5 billion (down 45.4%), a net profit margin of 12.5%. Diluted earnings per share came to $11.59. Over five years revenue grew at an average rate of 13.5% a year.
See the QCOM stock overview for the latest quote and news, or the QCOM chart for price history and technical indicators.
QCOM income statement FAQ
What is Qualcomm's annual revenue?
Qualcomm reported total revenue of $44.3 billion for fiscal year 2025, which ended on September 30, 2025. That was up 13.7% from $39.0 billion the previous year.
Is Qualcomm profitable?
Yes. Qualcomm reported net income of $5.5 billion in fiscal 2025, a net profit margin of 12.5%; its operating margin was 27.9%.
What is Qualcomm's gross margin?
Qualcomm's gross margin was 55.4% in fiscal 2025: for every $100 of revenue, Qualcomm kept $55 after the direct cost of its products and services.
How much does Qualcomm spend on research and development?
Qualcomm spent $9.0 billion on research and development in fiscal 2025, 20.4% of revenue.
How fast is Qualcomm growing?
Revenue grew 13.5% a year on average over the last five fiscal years, from $23.5 billion to $44.3 billion.
What are Qualcomm's earnings per share?
Qualcomm earned $11.59 per diluted share in fiscal 2025, compared with $10.21 a year earlier.
When will Qualcomm report its next earnings?
Qualcomm is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Qualcomm's fiscal year end?
Qualcomm's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 5, 2025.