Adjusted Financial Ratios
Adjusted Financial Ratios (Summary)
Qualcomm Inc., Financial Ratios: Reported vs. Adjusted
Qualcomm Inc., adjusted financial ratios
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Sep 27, 2026 |
Sep 28, 2025 |
Sep 29, 2024 |
Sep 24, 2023 |
Sep 25, 2022 |
Sep 26, 2021 |
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Activity Ratio |
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Total Asset Turnover |
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|
Reported |
0.71 |
0.88 |
0.71 |
0.70 |
0.90 |
0.81 |
|
|
Adjusted |
0.78 |
0.90 |
0.78 |
0.75 |
0.93 |
0.84 |
|
Liquidity Ratio |
|
Current Ratio |
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|
Reported |
1.86 |
2.82 |
2.40 |
2.33 |
1.75 |
1.68 |
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|
Adjusted |
1.89 |
2.93 |
2.47 |
2.41 |
1.80 |
1.77 |
|
Solvency Ratios |
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Debt to Equity |
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|
Reported |
0.50 |
0.70 |
0.56 |
0.71 |
0.86 |
1.58 |
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|
Adjusted |
0.64 |
0.74 |
0.71 |
0.86 |
0.96 |
1.73 |
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Debt to Capital |
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|
Reported |
0.33 |
0.41 |
0.36 |
0.42 |
0.46 |
0.61 |
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|
Adjusted |
0.39 |
0.43 |
0.42 |
0.46 |
0.49 |
0.63 |
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Financial Leverage |
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|
Reported |
2.00 |
2.36 |
2.10 |
2.37 |
2.72 |
4.14 |
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Adjusted |
2.20 |
2.35 |
2.31 |
2.54 |
2.80 |
4.22 |
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Profitability Ratios |
|
Net Profit Margin |
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|
Reported |
31.60% |
12.51% |
26.03% |
20.19% |
29.27% |
26.94% |
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|
Adjusted |
19.15% |
22.58% |
21.68% |
16.73% |
28.27% |
25.21% |
|
Return on Equity (ROE) |
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|
Reported |
44.83% |
26.13% |
38.60% |
33.51% |
71.81% |
90.88% |
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|
Adjusted |
32.95% |
47.61% |
39.07% |
31.81% |
73.20% |
89.09% |
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Return on Assets (ROA) |
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|
Reported |
22.40% |
11.05% |
18.39% |
14.17% |
26.39% |
21.93% |
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|
Adjusted |
14.94% |
20.26% |
16.89% |
12.51% |
26.19% |
21.12% |
Based on:
10-K (reporting date: 2026-09-27),
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).
Adjusted Total Asset Turnover
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|
Sep 27, 2026 |
Sep 28, 2025 |
Sep 29, 2024 |
Sep 24, 2023 |
Sep 25, 2022 |
Sep 26, 2021 |
|
Reported |
|
Selected Financial Data (US$ in millions) |
|
|
Revenues |
43,120) |
44,284) |
38,962) |
35,820) |
44,200) |
33,566) |
|
|
Total assets |
60,829) |
50,143) |
55,154) |
51,040) |
49,014) |
41,240) |
|
Activity Ratio |
|
|
Total asset turnover1 |
0.71 |
0.88 |
0.71 |
0.70 |
0.90 |
0.81 |
|
Adjusted |
|
Selected Financial Data (US$ in millions) |
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|
Adjusted revenues2 |
42,962) |
44,328) |
38,955) |
35,699) |
43,737) |
33,213) |
|
|
Adjusted total assets3 |
55,046) |
49,400) |
49,992) |
47,730) |
47,211) |
39,649) |
|
Activity Ratio |
|
|
Adjusted total asset turnover4 |
0.78 |
0.90 |
0.78 |
0.75 |
0.93 |
0.84 |
Based on:
10-K (reporting date: 2026-09-27),
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).
1 2026 Calculation
Total asset turnover = Revenues ÷ Total assets
= 43,120 ÷ 60,829 = 0.71
2 Adjusted revenues. See details »
3 Adjusted total assets. See details »
4 2026 Calculation
Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 42,962 ÷ 55,046 = 0.78
Adjusted Current Ratio
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|
Sep 27, 2026 |
Sep 28, 2025 |
Sep 29, 2024 |
Sep 24, 2023 |
Sep 25, 2022 |
Sep 26, 2021 |
|
Reported |
|
Selected Financial Data (US$ in millions) |
|
|
Current assets |
22,272) |
25,754) |
25,231) |
22,464) |
20,724) |
20,075) |
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|
Current liabilities |
11,978) |
9,144) |
10,504) |
9,628) |
11,866) |
11,951) |
|
Liquidity Ratio |
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Current ratio1 |
1.86 |
2.82 |
2.40 |
2.33 |
1.75 |
1.68 |
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Adjusted |
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Selected Financial Data (US$ in millions) |
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|
Current assets |
22,272) |
25,754) |
25,231) |
22,464) |
20,724) |
20,075) |
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Adjusted current liabilities2 |
11,778) |
8,786) |
10,207) |
9,335) |
11,497) |
11,339) |
|
Liquidity Ratio |
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|
Adjusted current ratio3 |
1.89 |
2.93 |
2.47 |
2.41 |
1.80 |
1.77 |
Based on:
10-K (reporting date: 2026-09-27),
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).
1 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 22,272 ÷ 11,978 = 1.86
2 Adjusted current liabilities. See details »
3 2026 Calculation
Adjusted current ratio = Current assets ÷ Adjusted current liabilities
= 22,272 ÷ 11,778 = 1.89
Adjusted Debt to Equity
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|
Sep 27, 2026 |
Sep 28, 2025 |
Sep 29, 2024 |
Sep 24, 2023 |
Sep 25, 2022 |
Sep 26, 2021 |
|
Reported |
|
Selected Financial Data (US$ in millions) |
|
|
Total debt |
15,112) |
14,811) |
14,634) |
15,398) |
15,482) |
15,745) |
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|
Stockholders’ equity |
30,401) |
21,206) |
26,274) |
21,581) |
18,013) |
9,950) |
|
Solvency Ratio |
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Debt to equity1 |
0.50 |
0.70 |
0.56 |
0.71 |
0.86 |
1.58 |
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Adjusted |
|
Selected Financial Data (US$ in millions) |
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|
Adjusted total debt2 |
15,992) |
15,643) |
15,440) |
16,067) |
16,159) |
16,299) |
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|
Adjusted stockholders’ equity3 |
24,967) |
21,023) |
21,611) |
18,774) |
16,890) |
9,399) |
|
Solvency Ratio |
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Adjusted debt to equity4 |
0.64 |
0.74 |
0.71 |
0.86 |
0.96 |
1.73 |
Based on:
10-K (reporting date: 2026-09-27),
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).
1 2026 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 15,112 ÷ 30,401 = 0.50
2 Adjusted total debt. See details »
3 Adjusted stockholders’ equity. See details »
4 2026 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 15,992 ÷ 24,967 = 0.64
Adjusted Debt to Capital
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|
Sep 27, 2026 |
Sep 28, 2025 |
Sep 29, 2024 |
Sep 24, 2023 |
Sep 25, 2022 |
Sep 26, 2021 |
|
Reported |
|
Selected Financial Data (US$ in millions) |
|
|
Total debt |
15,112) |
14,811) |
14,634) |
15,398) |
15,482) |
15,745) |
|
|
Total capital |
45,513) |
36,017) |
40,908) |
36,979) |
33,495) |
25,695) |
|
Solvency Ratio |
|
|
Debt to capital1 |
0.33 |
0.41 |
0.36 |
0.42 |
0.46 |
0.61 |
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Adjusted |
|
Selected Financial Data (US$ in millions) |
|
|
Adjusted total debt2 |
15,992) |
15,643) |
15,440) |
16,067) |
16,159) |
16,299) |
|
|
Adjusted total capital3 |
40,959) |
36,666) |
37,051) |
34,841) |
33,049) |
25,698) |
|
Solvency Ratio |
|
|
Adjusted debt to capital4 |
0.39 |
0.43 |
0.42 |
0.46 |
0.49 |
0.63 |
Based on:
10-K (reporting date: 2026-09-27),
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).
1 2026 Calculation
Debt to capital = Total debt ÷ Total capital
= 15,112 ÷ 45,513 = 0.33
2 Adjusted total debt. See details »
3 Adjusted total capital. See details »
4 2026 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 15,992 ÷ 40,959 = 0.39
Adjusted Financial Leverage
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|
Sep 27, 2026 |
Sep 28, 2025 |
Sep 29, 2024 |
Sep 24, 2023 |
Sep 25, 2022 |
Sep 26, 2021 |
|
Reported |
|
Selected Financial Data (US$ in millions) |
|
|
Total assets |
60,829) |
50,143) |
55,154) |
51,040) |
49,014) |
41,240) |
|
|
Stockholders’ equity |
30,401) |
21,206) |
26,274) |
21,581) |
18,013) |
9,950) |
|
Solvency Ratio |
|
|
Financial leverage1 |
2.00 |
2.36 |
2.10 |
2.37 |
2.72 |
4.14 |
|
Adjusted |
|
Selected Financial Data (US$ in millions) |
|
|
Adjusted total assets2 |
55,046) |
49,400) |
49,992) |
47,730) |
47,211) |
39,649) |
|
|
Adjusted stockholders’ equity3 |
24,967) |
21,023) |
21,611) |
18,774) |
16,890) |
9,399) |
|
Solvency Ratio |
|
|
Adjusted financial leverage4 |
2.20 |
2.35 |
2.31 |
2.54 |
2.80 |
4.22 |
Based on:
10-K (reporting date: 2026-09-27),
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).
1 2026 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 60,829 ÷ 30,401 = 2.00
2 Adjusted total assets. See details »
3 Adjusted stockholders’ equity. See details »
4 2026 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 55,046 ÷ 24,967 = 2.20
Adjusted Net Profit Margin
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|
Sep 27, 2026 |
Sep 28, 2025 |
Sep 29, 2024 |
Sep 24, 2023 |
Sep 25, 2022 |
Sep 26, 2021 |
|
Reported |
|
Selected Financial Data (US$ in millions) |
|
|
Net income |
13,628) |
5,541) |
10,142) |
7,232) |
12,936) |
9,043) |
|
|
Revenues |
43,120) |
44,284) |
38,962) |
35,820) |
44,200) |
33,566) |
|
Profitability Ratio |
|
|
Net profit margin1 |
31.60% |
12.51% |
26.03% |
20.19% |
29.27% |
26.94% |
|
Adjusted |
|
Selected Financial Data (US$ in millions) |
|
|
Adjusted net income2 |
8,226) |
10,010) |
8,444) |
5,972) |
12,364) |
8,374) |
|
|
Adjusted revenues3 |
42,962) |
44,328) |
38,955) |
35,699) |
43,737) |
33,213) |
|
Profitability Ratio |
|
|
Adjusted net profit margin4 |
19.15% |
22.58% |
21.68% |
16.73% |
28.27% |
25.21% |
Based on:
10-K (reporting date: 2026-09-27),
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).
1 2026 Calculation
Net profit margin = 100 × Net income ÷ Revenues
= 100 × 13,628 ÷ 43,120 = 31.60%
2 Adjusted net income. See details »
3 Adjusted revenues. See details »
4 2026 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted revenues
= 100 × 8,226 ÷ 42,962 = 19.15%
Adjusted Return on Equity (ROE)
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|
Sep 27, 2026 |
Sep 28, 2025 |
Sep 29, 2024 |
Sep 24, 2023 |
Sep 25, 2022 |
Sep 26, 2021 |
|
Reported |
|
Selected Financial Data (US$ in millions) |
|
|
Net income |
13,628) |
5,541) |
10,142) |
7,232) |
12,936) |
9,043) |
|
|
Stockholders’ equity |
30,401) |
21,206) |
26,274) |
21,581) |
18,013) |
9,950) |
|
Profitability Ratio |
|
|
ROE1 |
44.83% |
26.13% |
38.60% |
33.51% |
71.81% |
90.88% |
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Adjusted |
|
Selected Financial Data (US$ in millions) |
|
|
Adjusted net income2 |
8,226) |
10,010) |
8,444) |
5,972) |
12,364) |
8,374) |
|
|
Adjusted stockholders’ equity3 |
24,967) |
21,023) |
21,611) |
18,774) |
16,890) |
9,399) |
|
Profitability Ratio |
|
|
Adjusted ROE4 |
32.95% |
47.61% |
39.07% |
31.81% |
73.20% |
89.09% |
Based on:
10-K (reporting date: 2026-09-27),
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).
1 2026 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 13,628 ÷ 30,401 = 44.83%
2 Adjusted net income. See details »
3 Adjusted stockholders’ equity. See details »
4 2026 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted stockholders’ equity
= 100 × 8,226 ÷ 24,967 = 32.95%
Adjusted Return on Assets (ROA)
|
|
Sep 27, 2026 |
Sep 28, 2025 |
Sep 29, 2024 |
Sep 24, 2023 |
Sep 25, 2022 |
Sep 26, 2021 |
|
Reported |
|
Selected Financial Data (US$ in millions) |
|
|
Net income |
13,628) |
5,541) |
10,142) |
7,232) |
12,936) |
9,043) |
|
|
Total assets |
60,829) |
50,143) |
55,154) |
51,040) |
49,014) |
41,240) |
|
Profitability Ratio |
|
|
ROA1 |
22.40% |
11.05% |
18.39% |
14.17% |
26.39% |
21.93% |
|
Adjusted |
|
Selected Financial Data (US$ in millions) |
|
|
Adjusted net income2 |
8,226) |
10,010) |
8,444) |
5,972) |
12,364) |
8,374) |
|
|
Adjusted total assets3 |
55,046) |
49,400) |
49,992) |
47,730) |
47,211) |
39,649) |
|
Profitability Ratio |
|
|
Adjusted ROA4 |
14.94% |
20.26% |
16.89% |
12.51% |
26.19% |
21.12% |
Based on:
10-K (reporting date: 2026-09-27),
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).
1 2026 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 13,628 ÷ 60,829 = 22.40%
2 Adjusted net income. See details »
3 Adjusted total assets. See details »
4 2026 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 8,226 ÷ 55,046 = 14.94%
