Qualcomm (QCOM) FY2024 results: revenue $39.0 billion, up 8.8% on the year
Qualcomm Inc. (QCOM) reported revenue of $39.0 billion for fiscal 2024, the year ended 29 September 2024, up 8.8% on the year before. Net income was $10.1 billion, up 40.2%, and diluted earnings per share $8.97. The figures are the company's own, from the 10-K it filed with the SEC on 6 November 2024.
Revenue
$39.0 billion
+8.8% on the year
FY2017FY2024
Operating margin
25.8%
21.7% a year earlier
FY2017FY2024
Net income
$10.1 billion
+40.2% on the year
FY2017FY2024
Diluted EPS
$8.97
+39.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
12,202
11,299
9,096
+8.0%
Capital expenditure
1,041
1,450
2,262
-28.2%
Free cash flow
11,161
9,849
6,834
+13.3%
Free cash flow margin
28.6%
27.5%
15.5%
Cash from investing
-3,623
762
-5,804
Cash from financing
-9,269
-6,663
-7,196
Depreciation and amortisation
1,706
1,809
1,762
-5.7%
Share-based compensation
2,648
2,484
2,031
+6.6%
Buybacks
4,121
2,973
3,129
+38.6%
Dividends paid
3,687
3,462
3,212
+6.5%
Dividend per share
$3.30
$3.10
$2.86
+6.5%
Diluted shares, weighted
1,130m
1,126m
1,137m
+0.4%
Shares outstanding at period end
1,113m
1,114m
1,121m
-0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
26,274
21,581
18,013
+21.7%
Debt
14,634
15,398
15,482
-5.0%
Operating lease liabilities
708
571
573
+24.0%
Other liabilities
13,538
13,490
14,946
+0.4%
Total liabilities and equity
55,154
51,040
49,014
+8.1%
Fixed assets
4,665
5,042
5,168
-7.5%
Goodwill
10,799
10,642
10,508
+1.5%
Intangible assets
1,244
1,408
1,882
-11.6%
Investments
5,451
2,874
3,609
+89.7%
Cash and equivalents
7,849
8,450
2,773
-7.1%
Receivables
2,347
1,923
4,175
+22.0%
Inventory
6,423
6,422
6,341
+0.0%
Other assets
16,376
14,279
14,558
+14.7%
Total assets
55,154
51,040
49,014
+8.1%
10-K for the year ended 29 September 2024, filed 6 November 2024: the filing.