Qualcomm Incorporated (QCOM)

Net profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	7,232,000	12,936,000	9,043,000	5,198,000	4,386,000
Revenue	US$ in thousands	35,820,000	44,200,000	33,566,000	23,531,000	24,273,000
Net profit margin		20.19%	29.27%	26.94%	22.09%	18.07%

September 30, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $7,232,000K ÷ $35,820,000K
= 20.19%

Qualcomm Incorporated's net profit margin has shown fluctuation over the past five years. The margin was 20.19% in Sep 2023, which decreased from 29.27% in Sep 2022, but was higher compared to the margins of 26.94%, 22.09%, and 18.07% in Sep 2021, Sep 2020, and Sep 2019, respectively. This indicates variability in the company's ability to convert revenue into profit. It is essential for Qualcomm to closely monitor and manage expenses to sustain and improve its profitability in the future.