Net Profit Margin
since 2005
Calculation
Qualcomm Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Sep 28, 2025 | 12.51% | = | 100 | × | 5,541) | ÷ | 44,284) |
| Sep 29, 2024 | 26.03% | = | 100 | × | 10,142) | ÷ | 38,962) |
| Sep 24, 2023 | 20.19% | = | 100 | × | 7,232) | ÷ | 35,820) |
| Sep 25, 2022 | 29.27% | = | 100 | × | 12,936) | ÷ | 44,200) |
| Sep 26, 2021 | 26.94% | = | 100 | × | 9,043) | ÷ | 33,566) |
| Sep 27, 2020 | 22.09% | = | 100 | × | 5,198) | ÷ | 23,531) |
| Sep 29, 2019 | 18.07% | = | 100 | × | 4,386) | ÷ | 24,273) |
| Sep 30, 2018 | -21.40% | = | 100 | × | (4,864) | ÷ | 22,732) |
| Sep 24, 2017 | 11.06% | = | 100 | × | 2,466) | ÷ | 22,291) |
| Sep 25, 2016 | 24.22% | = | 100 | × | 5,705) | ÷ | 23,554) |
| Sep 27, 2015 | 20.85% | = | 100 | × | 5,271) | ÷ | 25,281) |
| Sep 28, 2014 | 30.08% | = | 100 | × | 7,967) | ÷ | 26,487) |
| Sep 29, 2013 | 27.56% | = | 100 | × | 6,853) | ÷ | 24,866) |
| Sep 30, 2012 | 31.95% | = | 100 | × | 6,109) | ÷ | 19,121) |
| Sep 25, 2011 | 28.48% | = | 100 | × | 4,260) | ÷ | 14,957) |
| Sep 26, 2010 | 29.54% | = | 100 | × | 3,247) | ÷ | 10,991) |
| Sep 27, 2009 | 15.28% | = | 100 | × | 1,592) | ÷ | 10,416) |
| Sep 28, 2008 | 28.36% | = | 100 | × | 3,160) | ÷ | 11,142) |
| Sep 30, 2007 | 37.23% | = | 100 | × | 3,303) | ÷ | 8,871) |
| Sep 24, 2006 | 32.82% | = | 100 | × | 2,470) | ÷ | 7,526) |
| Sep 25, 2005 | 37.78% | = | 100 | × | 2,143) | ÷ | 5,673) |
Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).
1 US$ in millions
The financial data reveals several important trends over the years. Revenue has generally shown strong growth, increasing from $5,673 million in 2005 to a peak of $44,200 million in 2022, with some fluctuations thereafter. This overall upward trajectory reflects expanding business operations and market penetration, although the revenue declined in 2023 before rising again in 2024 and 2025.
Net income exhibits a more volatile pattern compared to revenues. It rose steadily from $2,143 million in 2005 to a high of $9,043 million in 2021, with significant fluctuations in certain years. Notably, net income fell sharply to a negative $4,864 million in 2018, indicating a substantial loss during that fiscal year. After this decline, net income recovered to positive figures, reaching $12,936 million in 2022, followed by drops and partial recoveries in the subsequent years.
The net profit margin mirrors the trends seen in net income, indicating variability in profitability relative to revenues. Margins peaked above 37% in earlier years (2005 and 2007), then generally stabilized in the 20-30% range for much of the period. The sharp negative margin of -21.4% in 2018 corresponds with the net loss recorded that year, representing an exceptional downturn. Post-2018, the margin rebounded to levels near 26-29% before experiencing reductions again toward 2024 and 2025.
- Revenue Trends
- Revenue growth is apparent over the entire period, with some year-to-year fluctuations. The highest revenues were recorded around 2022, marking strong expansion before a temporary dip and recovery.
- Net Income Variability
- Net income showed generally positive growth but with notable volatility, including a major loss in 2018, which disrupted an otherwise upward trend. Recovery after this loss points to resilient profitability.
- Profitability Margins
- Profit margins indicate strong profitability until a significant contraction in 2018. Margins largely recovered thereafter, though they remained somewhat inconsistent, suggesting fluctuations in cost management or other operating factors.
Overall, the data highlights robust revenue growth accompanied by significant swings in net income and profit margins. The large net loss encountered in 2018 appears to be an outlier within an otherwise profitable history. The subsequent rebound in profitability underscores the financial strength and potential for sustained earnings despite periodic setbacks.
Comparison to Competitors
Qualcomm Inc., net profit margin, long-term trends, comparison to competitors
| Qualcomm Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 28, 2025 | 12.51% | — | 20.58% | — | — | — | 33.41% | 29.06% | 22.84% | 55.85% | — |
| Sep 29, 2024 | 26.03% | 6.36% | 17.35% | 26.41% | 11.43% | -35.32% | 28.15% | 25.68% | 3.10% | 48.85% | 30.68% |
| Sep 24, 2023 | 20.19% | 3.77% | 26.94% | 25.86% | 39.31% | 3.11% | 32.27% | 25.88% | -37.54% | 16.19% | 37.16% |
| Sep 25, 2022 | 29.27% | 5.59% | 22.88% | 25.31% | 34.62% | 12.71% | 36.06% | 26.73% | 28.24% | 36.23% | 43.68% |
| Sep 26, 2021 | 26.94% | 19.24% | 19.00% | 25.53% | 24.54% | 25.14% | 30.04% | 26.72% | 21.16% | 25.98% | 42.35% |
| Sep 27, 2020 | 22.09% | 25.50% | 21.79% | 21.04% | 12.39% | 26.84% | 20.96% | 22.42% | 12.54% | 25.61% | 38.69% |
| Sep 29, 2019 | 18.07% | 5.07% | 22.75% | 18.52% | 12.05% | 29.25% | 25.73% | 22.70% | 26.97% | 35.34% | 34.88% |
| Sep 30, 2018 | -21.40% | 5.20% | 24.12% | 19.20% | 58.80% | 29.72% | 19.87% | 21.49% | 46.51% | 31.37% | 35.35% |
| Sep 24, 2017 | 11.06% | 0.81% | 14.24% | 23.62% | 9.59% | 15.30% | 26.61% | 21.19% | 25.04% | 24.11% | 24.61% |
| Sep 25, 2016 | 24.22% | -11.63% | 25.18% | 15.90% | -13.13% | 17.37% | 23.60% | 15.53% | -2.23% | 12.26% | 26.89% |
| Sep 27, 2015 | 20.85% | -16.54% | 20.29% | 14.26% | 19.99% | 20.63% | 13.01% | 12.47% | 17.90% | 13.47% | 22.97% |
| Sep 28, 2014 | 30.08% | -7.32% | 21.97% | 11.82% | 6.16% | 20.95% | 19.89% | 13.72% | 18.61% | 10.65% | 21.63% |
| Sep 29, 2013 | 27.56% | -1.57% | 25.57% | 3.41% | 21.90% | 18.25% | 19.11% | 3.16% | 13.12% | 13.14% | 17.71% |
| Sep 30, 2012 | 31.95% | -21.82% | 24.11% | 1.25% | 23.82% | 20.63% | 23.83% | 6.33% | -12.53% | 14.53% | 13.72% |
| Sep 25, 2011 | 28.48% | 7.48% | 28.98% | 18.31% | 23.63% | 23.97% | 25.02% | 22.35% | 1.90% | 7.14% | 16.28% |
| Sep 26, 2010 | 29.54% | 7.25% | 25.79% | 9.82% | 19.83% | 26.28% | 11.66% | 16.25% | 21.81% | -2.04% | 23.11% |
| Sep 27, 2009 | 15.28% | 5.63% | 12.30% | -6.09% | -2.96% | 12.44% | -34.43% | -27.08% | -38.21% | -0.88% | 14.10% |
| Sep 28, 2008 | 28.36% | -53.34% | 30.44% | 11.82% | — | 14.08% | 14.24% | 17.75% | -27.72% | 19.46% | 15.36% |
| Sep 30, 2007 | 37.23% | -56.19% | 19.52% | 17.57% | — | 18.20% | 19.34% | 26.72% | -5.63% | 14.63% | 19.20% |
| Sep 24, 2006 | 32.82% | -2.94% | 21.35% | 16.54% | — | 14.26% | 18.37% | 20.45% | 7.74% | 12.74% | 30.45% |
| Sep 25, 2005 | 37.78% | 2.83% | 17.36% | 17.30% | — | 22.31% | 22.38% | 19.92% | 3.85% | 4.99% | 17.35% |
Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Qualcomm Inc., net profit margin, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Qualcomm Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Sep 28, 2025 | 12.51% | — |
| Sep 29, 2024 | 26.03% | 14.94% |
| Sep 24, 2023 | 20.19% | 17.06% |
| Sep 25, 2022 | 29.27% | 25.54% |
| Sep 26, 2021 | 26.94% | 25.83% |
| Sep 27, 2020 | 22.09% | 23.10% |
| Sep 29, 2019 | 18.07% | 24.49% |
| Sep 30, 2018 | -21.40% | 27.65% |
| Sep 24, 2017 | 11.06% | 17.11% |
| Sep 25, 2016 | 24.22% | 14.20% |
| Sep 27, 2015 | 20.85% | 18.44% |
| Sep 28, 2014 | 30.08% | 19.81% |
| Sep 29, 2013 | 27.56% | 17.60% |
| Sep 30, 2012 | 31.95% | 15.90% |
| Sep 25, 2011 | 28.48% | 20.36% |
| Sep 26, 2010 | 29.54% | 21.68% |
| Sep 27, 2009 | 15.28% | 6.12% |
| Sep 28, 2008 | 28.36% | 9.71% |
| Sep 30, 2007 | 37.23% | 14.03% |
| Sep 24, 2006 | 32.82% | 17.67% |
| Sep 25, 2005 | 37.78% | 19.11% |
Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).
Comparison to Industry (Information Technology)
Qualcomm Inc., net profit margin, long-term trends, comparison to industry (information technology)
| Qualcomm Inc. | Information Technology | |
|---|---|---|
| Sep 28, 2025 | 12.51% | — |
| Sep 29, 2024 | 26.03% | 20.64% |
| Sep 24, 2023 | 20.19% | 20.33% |
| Sep 25, 2022 | 29.27% | 22.35% |
| Sep 26, 2021 | 26.94% | 23.54% |
| Sep 27, 2020 | 22.09% | 19.65% |
| Sep 29, 2019 | 18.07% | 19.85% |
| Sep 30, 2018 | -21.40% | 18.58% |
| Sep 24, 2017 | 11.06% | 17.86% |
| Sep 25, 2016 | 24.22% | 17.79% |
| Sep 27, 2015 | 20.85% | 18.38% |
| Sep 28, 2014 | 30.08% | 19.38% |
| Sep 29, 2013 | 27.56% | 20.21% |
| Sep 30, 2012 | 31.95% | 20.08% |
| Sep 25, 2011 | 28.48% | 20.68% |
| Sep 26, 2010 | 29.54% | 20.24% |
| Sep 27, 2009 | 15.28% | 14.53% |
| Sep 28, 2008 | 28.36% | 15.21% |
| Sep 30, 2007 | 37.23% | 15.81% |
| Sep 24, 2006 | 32.82% | 16.24% |
| Sep 25, 2005 | 37.78% | 16.66% |
Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).