Qualcomm Incorporated (QCOM)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	8,251,000	7,788,000	10,044,000	12,693,000	14,461,000	15,860,000	15,096,000	12,819,000	11,127,000	9,789,000	10,339,000	8,926,000	7,751,000	6,255,000	3,504,000	8,039,000	7,988,000	7,668,000	6,288,000	1,874,000
Revenue (ttm)	US$ in thousands	36,292,000	35,820,000	38,584,000	41,069,000	42,958,000	44,200,000	42,141,000	39,265,000	36,036,000	33,566,000	32,576,000	29,409,000	26,690,000	23,532,000	20,000,000	24,742,000	24,508,000	24,273,000	25,237,000	21,179,000
Operating profit margin		22.74%	21.74%	26.03%	30.91%	33.66%	35.88%	35.82%	32.65%	30.88%	29.16%	31.74%	30.35%	29.04%	26.58%	17.52%	32.49%	32.59%	31.59%	24.92%	8.85%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $8,251,000K ÷ $36,292,000K
= 22.74%

The operating profit margin of Qualcomm Incorporated has exhibited fluctuations over the analyzed period. The margin saw a substantial decline in the March 2020 quarter, dropping to 17.52%, likely influenced by the early impacts of the global pandemic. Subsequently, the operating profit margin demonstrated a recovery trend, reaching its peak at 35.88% in the September 2022 quarter. However, the margin observed a downward trend in the most recent quarters, from a high of 33.66% in December 2022 to 22.74% in December 2023. This decrease might be due to various factors such as changes in revenue, costs, or operational efficiencies. Overall, the operating profit margin of Qualcomm showcases variability, reflecting the company's ability to manage and generate profits from its operations over time.