financial statements

The full income statement, balance sheet, and cash-flow statement for QUALCOMM Incorporated (QCOM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofSep 28 ’25	as ofSep 29 ’24	as ofSep 24 ’23	as ofSep 25 ’22	as ofSep 26 ’21
Revenue	44.3B YoY+13.7%	39.0B YoY+8.8%	35.8B YoY-19.0%	44.2B YoY+31.7%	33.6B YoY+42.6%
Cost of revenue	19.7B YoY+15.7%	17.1B YoY+7.5%	15.9B YoY-14.8%	18.6B YoY+30.7%	14.3B YoY+54.1%
Research & development	9.04B YoY+1.7%	8.89B YoY+0.9%	8.82B YoY+7.6%	8.19B YoY+14.2%	7.18B YoY+20.1%
Selling, general & administrative	3.11B YoY+12.7%	2.76B YoY+11.1%	2.48B YoY-3.4%	2.57B YoY+9.9%	2.34B YoY+12.8%
Restructuring	39.0M YoY-63.6%	107M YoY-85.0%	712M	—	—
Amortization of intangibles	321M YoY+3.2%	311M YoY-25.6%	418M YoY-13.3%	482M YoY-10.2%	537M YoY-13.5%
Operating income	12.4B YoY+22.7%	10.1B YoY+29.3%	7.79B YoY-50.9%	15.9B YoY+62.0%	9.79B YoY+56.5%
Interest expense	664M YoY-4.7%	697M YoY+0.4%	694M YoY+41.6%	490M YoY-12.3%	559M YoY-7.1%
Other non-operating income	21.0M YoY+200.0%	-21.0M YoY-50.0%	-14.0M YoY+44.0%	-25.0M YoY+24.2%	-33.0M
Equity-method income	—	—	—	-7.00M YoY-153.8%	13.0M YoY+161.9%
Pre-tax income	12.7B YoY+22.5%	10.3B YoY+38.9%	7.44B YoY-50.4%	15.0B YoY+46.0%	10.3B YoY+79.6%
Income tax	7.12B YoY+3051.3%	226M YoY+117.3%	104M YoY-94.8%	2.01B YoY+63.4%	1.23B YoY+136.3%
	5.54B YoY-45.4%	10.1B YoY+40.2%	7.23B YoY-44.1%	12.9B YoY+43.0%	9.04B YoY+74.0%
Income from continuing operations	5.54B YoY-45.2%	10.1B YoY+37.8%	7.34B YoY-43.5%	13.0B YoY+43.6%	9.04B YoY+74.0%
	$5.01 YoY-44.1%	$8.97 YoY+39.7%	$6.42 YoY-43.5%	$11.37 YoY+44.5%	$7.87 YoY+74.1%
EPS (basic)	$5.05 YoY-44.4%	$9.09 YoY+40.5%	$6.47 YoY-43.8%	$11.52 YoY+44.2%	$7.99 YoY+74.5%
Weighted-avg shares (basic)	1.10B YoY-1.8%	1.12B YoY-0.1%	1.12B YoY-0.5%	1.12B YoY-0.7%	1.13B YoY-0.4%
Weighted-avg shares (diluted)	1.10B YoY-2.2%	1.13B YoY+0.4%	1.13B YoY-1.0%	1.14B YoY-1.0%	1.15B YoY+0.0%
Dividends per share	$3.48 YoY+5.5%	$3.30 YoY+6.5%	$3.10 YoY+8.4%	$2.86 YoY+7.5%	$2.66 YoY+4.7%
Balance Sheet	as ofSep 28 ’25	as ofSep 29 ’24	as ofSep 24 ’23	as ofSep 25 ’22	as ofSep 26 ’21
	25.8B YoY+2.1%	25.2B YoY+12.3%	22.5B YoY+8.4%	20.7B YoY+3.2%	20.1B YoY+8.4%
Cash & equivalents	5.52B YoY-29.7%	7.85B YoY-7.1%	8.45B YoY+204.7%	2.77B YoY-61.0%	7.12B YoY+6.1%
Short-term investments	4.63B YoY-15.0%	5.45B YoY+89.7%	2.87B YoY-20.4%	3.61B YoY-31.9%	5.30B YoY+17.6%
Accounts receivable	2.85B YoY+21.6%	2.35B YoY+22.0%	1.92B YoY-53.9%	4.17B YoY+88.6%	2.21B YoY-17.6%
Inventory	6.53B YoY+1.6%	6.42B YoY+0.0%	6.42B YoY+1.3%	6.34B YoY+96.4%	3.23B YoY+24.2%
Other current assets	2.44B YoY+54.2%	1.58B YoY+32.2%	1.19B YoY-26.5%	1.63B YoY+90.3%	854M YoY+21.3%
	50.1B YoY-9.1%	55.2B YoY+8.1%	51.0B YoY+4.1%	49.0B YoY+18.9%	41.2B YoY+15.9%
Property, plant & equipment	4.69B YoY+0.5%	4.67B YoY-7.5%	5.04B YoY-2.4%	5.17B YoY+13.4%	4.56B YoY+22.9%
Operating lease right-of-use	735M YoY+2.2%	719M YoY+17.5%	612M YoY-3.0%	631M YoY+23.0%	513M YoY+11.5%
Goodwill	11.4B YoY+5.2%	10.8B YoY+1.5%	10.6B YoY+1.3%	10.5B YoY+45.0%	7.25B YoY+14.6%
Intangible assets	1.15B YoY-7.7%	1.24B YoY-11.6%	1.41B YoY-25.2%	1.88B YoY+29.1%	1.46B YoY-11.8%
Long-term investments	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Deferred tax assets	743M YoY-85.6%	5.16B YoY+56.0%	3.31B YoY+83.6%	1.80B YoY+13.3%	1.59B YoY+17.8%
Other non-current assets	6.45B YoY-19.9%	8.05B YoY-0.4%	8.09B YoY+4.6%	7.73B YoY+22.5%	6.31B YoY+56.3%
	9.14B YoY-12.9%	10.5B YoY+9.1%	9.63B YoY-18.9%	11.9B YoY-0.7%	12.0B YoY+37.8%
Accounts payable	2.79B YoY+8.0%	2.58B YoY+35.1%	1.91B YoY-49.6%	3.80B YoY+38.0%	2.75B YoY+22.3%
Deferred revenue	358M YoY+20.5%	297M YoY+1.4%	293M YoY-20.6%	369M YoY-39.7%	612M YoY+7.7%
Short-term & current debt	0.00 YoY-100.0%	1.36B YoY+49.2%	914M YoY-36.8%	1.45B YoY-6.3%	1.54B
Current lease liability	102M YoY+4.1%	98.0M YoY+0.0%	98.0M YoY-5.8%	104M YoY-17.5%	126M YoY-6.0%
Other current liabilities	4.16B YoY-6.1%	4.42B YoY-1.5%	4.49B YoY+21.7%	3.69B YoY-26.4%	5.01B YoY+16.5%
	28.9B YoY+0.2%	28.9B YoY-2.0%	29.5B YoY-5.0%	31.0B YoY-0.9%	31.3B YoY+6.0%
Long-term debt	14.8B YoY+11.6%	13.3B YoY-8.4%	14.5B YoY+7.0%	13.5B YoY-1.2%	13.7B YoY-10.0%
Deferred revenue (non-current)	71.0M YoY-19.3%	88.0M YoY-11.1%	99.0M YoY-31.3%	144M YoY-60.4%	364M YoY-52.2%
Non-current lease liability	730M YoY+3.1%	708M YoY+24.0%	571M YoY-0.3%	573M YoY+33.9%	428M YoY+15.4%
Deferred tax liabilities	103M YoY+0.0%	103M YoY+0.0%	103M YoY+0.0%	103M YoY+0.0%	103M YoY+0.0%
Other non-current liabilities	1.03B YoY+0.0%	1.03B YoY+0.0%	1.03B YoY+0.0%	1.03B YoY+0.0%	1.03B YoY+0.0%
	21.2B YoY-19.3%	26.3B YoY+21.7%	21.6B YoY+19.8%	18.0B YoY+81.0%	9.95B YoY+63.7%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	9.51B YoY+0.0%	9.51B YoY+0.0%	9.51B YoY+0.0%	9.51B YoY+0.0%	9.51B YoY+0.0%
Retained earnings	20.6B YoY-19.6%	25.7B YoY+23.9%	20.7B YoY+16.2%	17.8B YoY+81.6%	9.82B YoY+85.9%
Accumulated other comprehensive income	560M YoY-4.6%	587M YoY+64.0%	358M YoY+1727.3%	-22.0M YoY-117.2%	128M YoY-38.2%
Non-controlling interest	0.00	0.00	0.00	0.00	0.00
Total equity incl. non-controlling	21.2B YoY-19.3%	26.3B YoY+21.7%	21.6B YoY+19.8%	18.0B YoY+81.0%	9.95B YoY+63.7%
Total liabilities & equity	50.1B YoY-9.1%	55.2B YoY+8.1%	51.0B YoY+4.1%	49.0B YoY+18.9%	41.2B YoY+15.9%
Common shares issued	1.07B YoY-3.5%	1.11B YoY-0.1%	1.11B YoY-0.6%	1.12B YoY-0.4%	1.13B YoY-0.5%
Common shares outstanding	1.07B YoY-3.5%	1.11B YoY-0.1%	1.11B YoY-0.6%	1.12B YoY-0.4%	1.13B YoY-0.5%
Shares outstanding (cover)	1.08B YoY-3.1%	1.11B YoY-0.2%	1.12B YoY-0.6%	1.12B YoY-0.4%	1.13B YoY-0.0%
Cash Flow	as ofSep 28 ’25	as ofSep 29 ’24	as ofSep 24 ’23	as ofSep 25 ’22	as ofSep 26 ’21
	14.0B YoY+14.8%	12.2B YoY+8.0%	11.3B YoY+24.2%	9.10B YoY-13.7%	10.5B YoY+81.2%
Depreciation & amortization	1.60B YoY-6.1%	1.71B YoY-5.7%	1.81B YoY+2.7%	1.76B YoY+11.4%	1.58B YoY+13.6%
Share-based compensation	2.78B YoY+5.1%	2.65B YoY+6.6%	2.48B YoY+22.3%	2.03B YoY+22.1%	1.66B YoY+37.2%
Deferred income taxes	4.45B YoY+335.8%	-1.89B YoY-16.1%	-1.63B YoY-17966.7%	-9.00M YoY+96.2%	-237M YoY-9.7%
Change in inventory	138M YoY+1161.5%	-13.0M YoY-62.5%	-8.00M YoY-100.3%	3.14B YoY+404.3%	622M YoY-46.2%
	-800M YoY+77.9%	-3.62B YoY-575.5%	762M YoY+113.1%	-5.80B YoY-72.9%	-3.36B YoY+36.2%
Capital expenditure	1.19B YoY+14.5%	1.04B YoY-28.2%	1.45B YoY-35.9%	2.26B YoY+19.8%	1.89B YoY+34.2%
Proceeds from sale of PP&E	14.0M YoY+40.0%	10.0M YoY-92.1%	127M YoY+2440.0%	5.00M YoY+66.7%	3.00M
Other investing activities	1.00M YoY-97.2%	36.0M YoY+289.5%	-19.0M YoY+53.7%	-41.0M YoY-166.1%	62.0M YoY+244.2%
	-13.2B YoY-42.4%	-9.27B YoY-39.1%	-6.66B YoY+7.4%	-7.20B YoY-5.9%	-6.80B YoY-19.1%
Long-term debt issued	1.49B	0.00 YoY-100.0%	1.88B YoY+27.3%	1.48B	0.00 YoY-100.0%
Long-term debt repaid	—	—	—	1.54B	0.00 YoY-100.0%
Common stock issued	404M YoY+5.5%	383M YoY-11.8%	434M YoY+21.9%	356M YoY+2.6%	347M YoY+5.5%
Common stock repurchased	8.79B YoY+113.3%	4.12B YoY+38.6%	2.97B YoY-5.0%	3.13B YoY-7.0%	3.37B YoY+37.4%
Other financing activities	-11.0M YoY+35.3%	-17.0M YoY+10.5%	-19.0M YoY+44.1%	-34.0M YoY+2.9%	-35.0M YoY+72.7%
FX effect on cash	—	—	—	—	27.0M YoY+12.5%
Net change in cash	-6.00M YoY+99.1%	-678M YoY-112.5%	5.43B YoY+235.1%	-4.02B YoY-1082.2%	409M YoY+108.0%
Income taxes paid	3.10B YoY-6.1%	3.30B YoY+135.7%	1.40B YoY-33.3%	2.10B YoY+40.0%	1.50B YoY+87.5%
Valuation Ratios	as ofSep 28 ’25	as ofSep 29 ’24	as ofSep 24 ’23	as ofSep 25 ’22	as ofSep 26 ’21
Market cap	183B YoY-3.7%	190B YoY+57.7%	120B YoY-11.7%	136B YoY-9.9%	151B YoY+16.9%
P/E	16.0× YoY-26.4%	21.8× YoY+56.5%	13.9× YoY+31.9%	10.6× YoY-35.7%	16.4× YoY-65.0%
P/S	4.3× YoY-15.5%	5.1× YoY+63.5%	3.1× YoY-3.5%	3.2× YoY-30.5%	4.6× YoY-28.0%
P/B	6.8× YoY-11.3%	7.7× YoY+32.6%	5.8× YoY-31.4%	8.5× YoY-54.2%	18.5× YoY-52.6%
P/FCF	16.0× YoY+5.8%	15.1× YoY-13.5%	17.5× YoY-14.1%	20.4× YoY+26.6%	16.1× YoY-51.0%
Earnings yield	6.2% YoY+35.8%	4.6% YoY-36.1%	7.2% YoY-24.2%	9.5% YoY+55.5%	6.1% YoY+186.1%
FCF yield	6.3% YoY-5.5%	6.6% YoY+15.7%	5.7% YoY+16.5%	4.9% YoY-21.0%	6.2% YoY+104.2%
Dividend yield	2.1% YoY+6.0%	1.9% YoY-32.6%	2.9% YoY+22.0%	2.4% YoY+18.8%	2.0% YoY-10.4%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: QCOM's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all QCOM filings on SEC EDGAR → Not investment advice.

QCOM▼ financial statements

About this data

financial statements