Qualcomm
Qualcomm returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q3 | Jun 28, 2026 | 23.14% | 21.97% | — | — | 16.5% | 15.4 pp |
| FY 2026 Q2 | Mar 29, 2026 | 27.36% | 24.37% | -44.36% | — | 17.64% | 19.7 pp |
| FY 2026 Q1 | Dec 28, 2025 | 16.73% | 27.39% | — | — | 9.88% | 9 pp |
| FY 2025 Q4 | Sep 28, 2025 | 17.01% | 28.85% | — | — | 10.52% | 9.3 pp |
| FY 2025 Q3 | Jun 29, 2025 | 33.97% | 26.69% | 42.53% | — | 21.52% | 26.3 pp |
| FY 2025 Q2 | Mar 30, 2025 | 34.24% | 25.55% | 64.36% | — | 20.34% | 26.5 pp |
| FY 2025 Q1 | Dec 29, 2024 | 33.46% | 24.15% | 110.87% | — | 19.6% | 25.8 pp |
| FY 2024 Q4 | Sep 29, 2024 | 31.99% | 23.4% | 47.94% | — | 19.1% | 24.3 pp |
| FY 2024 Q3 | Jun 23, 2024 | 28.96% | 21.31% | -57.48% | — | 17.13% | 21.3 pp |
| FY 2024 Q2 | Mar 24, 2024 | 27.05% | 20.12% | — | — | 16.52% | 19.4 pp |
| FY 2024 Q1 | Dec 24, 2023 | 26.8% | 19.91% | — | — | 15.2% | 19.1 pp |
| FY 2023 Q4 | Sep 24, 2023 | 25.92% | 19.83% | — | — | 14.46% | 18.2 pp |
| FY 2023 Q3 | Jun 25, 2023 | 31.48% | 26.53% | -2,027.3% | — | 17.94% | 23.8 pp |
| FY 2023 Q2 | Mar 26, 2023 | 44.57% | 35.57% | 0.91% | — | 22.75% | 36.9 pp |
| FY 2023 Q1 | Dec 25, 2022 | 51.51% | 41.04% | 24.66% | — | 25.36% | 43.8 pp |
| FY 2022 Q4 | Sep 25, 2022 | 55.71% | 47.74% | 42.13% | — | 28.67% | 48 pp |
| FY 2022 Q3 | Jun 26, 2022 | 59.73% | 48.31% | 27.72% | — | 29.98% | 52 pp |
| FY 2022 Q2 | Mar 27, 2022 | 62.79% | 43.48% | 141.91% | — | 27.39% | 55.1 pp |
| FY 2022 Q1 | Dec 26, 2021 | 56.71% | 37.85% | 88.37% | — | 24.87% | 49 pp |
| FY 2021 Q4 | Sep 26, 2021 | 51.17% | 34.83% | 84.15% | — | 23.54% | 43.5 pp |
| FY 2021 Q3 | Jun 27, 2021 | 65.82% | 39.98% | 325.78% | — | 25.89% | 58.1 pp |
| FY 2021 Q2 | Mar 28, 2021 | 63.68% | 35.52% | 46.98% | — | 23.22% | 56 pp |
| FY 2021 Q1 | Dec 27, 2020 | 61.81% | 29.71% | 33.71% | — | 19.06% | 54.1 pp |
| FY 2020 Q4 | Sep 27, 2020 | 47.18% | 24.56% | 19.53% | — | 15.17% | 39.5 pp |
| FY 2020 Q3 | Jun 28, 2020 | 30.14% | 14.69% | -6.37% | — | 8.26% | 22.4 pp |
| FY 2020 Q2 | Mar 29, 2020 | 45.38% | 35.2% | — | — | 12.27% | 37.7 pp |
| FY 2020 Q1 | Dec 29, 2019 | 52.92% | 33.56% | — | — | 12.6% | 45.2 pp |
| FY 2019 Q4 | Sep 29, 2019 | 61.9% | 33.72% | — | 153.46% | 13.36% | 54.2 pp |
| FY 2019 Q3 | Jun 30, 2019 | 47.66% | 18.26% | — | — | 7.04% | 40 pp |
| FY 2019 Q2 | Mar 31, 2019 | — | 5.12% | — | — | 5.01% | — |
| FY 2019 Q1 | Dec 30, 2018 | — | 3.74% | — | — | 4.38% | — |
| FY 2018 Q4 | Sep 30, 2018 | — | 1.63% | — | -31.46% | -10.11% | — |
| FY 2018 Q3 | Jun 24, 2018 | — | 3.42% | — | -15.46% | -6.65% | — |
| FY 2018 Q2 | Mar 25, 2018 | — | 3.24% | — | -16.52% | -7.58% | — |
| FY 2018 Q1 | Dec 24, 2017 | — | 3.86% | — | — | -7.15% | — |
| FY 2017 Q4 | Sep 24, 2017 | 8.14% | 5.25% | — | 7.89% | 4.19% | 0.4 pp |
| FY 2017 Q3 | Jun 25, 2017 | 9.48% | 8.24% | -189.93% | 12.58% | 6.77% | 1.8 pp |
| FY 2017 Q2 | Mar 26, 2017 | 11.33% | 11.02% | -154.71% | 14.67% | 8.43% | 3.6 pp |
| FY 2017 Q1 | Dec 25, 2016 | 12.97% | 12.69% | 10% | 15.91% | 9.53% | 5.3 pp |
| FY 2016 Q4 | Sep 25, 2016 | 15.34% | 14.47% | 72.43% | 18.05% | 11.06% | 7.6 pp |
| FY 2016 Q3 | Jun 26, 2016 | 13.92% | 12.94% | -20.03% | 16.19% | 10.03% | 6.2 pp |
| FY 2016 Q2 | Mar 27, 2016 | — | 13.03% | — | 14.54% | 10.09% | — |
| FY 2016 Q1 | Dec 27, 2015 | — | 12.58% | — | 13.89% | 9.72% | — |
| FY 2015 Q4 | Sep 27, 2015 | 14.2% | 13.24% | -50.21% | 14.93% | 10.61% | 6.5 pp |
| FY 2015 Q3 | Jun 28, 2015 | — | 14.97% | — | 16.95% | 12.13% | — |
| FY 2015 Q2 | Mar 29, 2015 | — | 18% | — | 18.81% | 15.06% | — |
| FY 2015 Q1 | Dec 28, 2014 | — | 19.57% | — | 21.26% | 17.02% | — |
| FY 2014 Q4 | Sep 28, 2014 | — | 18.22% | — | 21.17% | 16.93% | — |
| FY 2014 Q3 | Jun 29, 2014 | — | 16.99% | — | 19.83% | 15.92% | — |
| FY 2014 Q2 | Mar 30, 2014 | — | 16.01% | — | 18.23% | 14.49% | — |
| FY 2014 Q1 | Dec 29, 2013 | — | 16.42% | — | 18.86% | 14.97% | — |
| FY 2013 Q4 | Sep 29, 2013 | — | 18.54% | — | 19.69% | 15.48% | — |
| FY 2013 Q3 | Jun 30, 2013 | — | 17.47% | — | 18.88% | 14.84% | — |
| FY 2013 Q2 | Mar 31, 2013 | — | 16.73% | — | 17.99% | 14.02% | — |
| FY 2013 Q1 | Dec 30, 2012 | — | 17.17% | — | 20.73% | 16.04% | — |
| FY 2012 Q4 | Sep 30, 2012 | — | 16.51% | — | 20.2% | 15.38% | — |
| FY 2012 Q3 | Jun 24, 2012 | — | 16.83% | — | 20.03% | 15.2% | — |
| FY 2012 Q2 | Mar 25, 2012 | — | 16.46% | — | 20.13% | 15.19% | — |
| FY 2012 Q1 | Dec 25, 2011 | — | 16.59% | — | 17.54% | 13.04% | — |
| FY 2011 Q4 | Sep 25, 2011 | — | 17.87% | — | 17.82% | 12.72% | — |
| FY 2011 Q3 | Jun 26, 2011 | — | 15.07% | — | 17.63% | 12.62% | — |
| FY 2011 Q2 | Mar 27, 2011 | — | 13.96% | — | 16.64% | 12.2% | — |
| FY 2011 Q1 | Dec 26, 2010 | — | 13.19% | — | 16.22% | 11.88% | — |
| FY 2010 Q4 | Sep 26, 2010 | — | 13.2% | — | 15.77% | 11.19% | — |
| FY 2010 Q3 | Jun 27, 2010 | — | 12.8% | — | — | 11.56% | — |
| FY 2010 Q2 | Mar 28, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Dec 27, 2009 | — | — | — | — | — | — |
| FY 2009 Q4 | Sep 27, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Jun 28, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · QCOM, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.