Qualcomm Incorporated (QCOM)

Operating profit margin

		Sep 30, 2024	Jun 23, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	10,071,000	8,899,000	8,501,000	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
Revenue (ttm)	US$ in thousands	38,961,000	37,348,000	36,406,000	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
Operating profit margin		25.85%	23.83%	23.35%	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%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $10,071,000K ÷ $38,961,000K
= 25.85%

Qualcomm Incorporated's operating profit margin has shown fluctuations over the historical periods analyzed. The operating profit margin stood at 25.85% as of September 30, 2024, a slight increase from the previous quarter. Compared to the same period last year, the margin has shown a steady upward trend, indicating improved profitability.

However, it is important to note that the operating profit margin was at its lowest at 17.52% as of September 30, 2020, before gradually recovering and surpassing previous levels. This suggests that Qualcomm has taken steps to enhance operational efficiency and control costs, resulting in a more favorable margin.

The quarterly variations in the operating profit margin may be influenced by factors such as changes in revenue, operating expenses, and overall market conditions. Further analysis of the company's financial performance and strategic initiatives would provide deeper insights into the drivers behind these fluctuations.