Qualcomm Incorporated (QCOM)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 7,336,000 | 14,948,000 | 10,274,000 | 5,719,000 | 7,481,000 |
| Revenue | US$ in thousands | 35,820,000 | 44,200,000 | 33,566,000 | 23,531,000 | 24,273,000 |
| Pretax margin | 20.48% | 33.82% | 30.61% | 24.30% | 30.82% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $7,336,000K ÷ $35,820,000K
= 20.48%
Qualcomm Incorporated's pretax margin has demonstrated fluctuations over the past five years. In fiscal year ending September 30, 2023, the pretax margin stood at 20.48%, showing a decrease from the previous year's level of 33.82% in fiscal year 2022. This decline suggests a potential decrease in the company's profitability before accounting for taxes. However, the pretax margin in 2023 remains above the levels reported in fiscal years 2020 and 2019, indicating a mixed trend in profitability performance compared to those earlier periods. Further analysis of Qualcomm's financial statements and business operations may be necessary to understand the factors driving these changes in pretax margin.
Peer comparison
Sep 30, 2023