Qualcomm Incorporated (QCOM)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 10,368,000 | 9,048,000 | 8,573,000 | 7,921,000 | 7,336,000 | 9,475,000 | 11,889,000 | 13,415,000 | 14,947,000 | 14,812,000 | 12,830,000 | 11,536,000 | 10,275,000 | 10,296,000 | 8,907,000 | 7,376,000 | 5,719,000 | 3,027,000 | 7,660,000 | 7,868,000 |
| 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 |
| Pretax margin | 26.61% | 24.23% | 23.55% | 21.83% | 20.48% | 24.56% | 28.95% | 31.23% | 33.82% | 35.15% | 32.68% | 32.01% | 30.61% | 31.61% | 30.29% | 27.64% | 24.30% | 15.14% | 30.96% | 32.10% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $10,368,000K ÷ $38,961,000K
= 26.61%
The pretax margin of Qualcomm Incorporated has shown variability over the past few quarters. The trend indicates that the pretax margin increased from 15.14% in Q4 2019 to a peak of 35.15% in Q2 2022, displaying a strong upward trajectory. However, in the most recent quarter, the pretax margin decreased to 26.61%.
The overall performance of Qualcomm in terms of pretax margin has been relatively strong, with most quarters showing margins above 20%. The lowest pretax margin in recent quarters was seen in Q4 2019 at 15.14%, while the highest was recorded at 35.15% in Q2 2022.
It is essential for Qualcomm to closely monitor and manage its operating expenses and revenue generation to maintain a healthy pretax margin, ensuring sustainable profitability and efficient management of its resources.
Peer comparison
Sep 30, 2024