QUALCOMM Incorporated

QCOMNASDAQTechnology● Active

$218.73

+$2.79(+1.29%)

Market Cap$230.5B

P/E Ratio—

52W High$259.92

52W Low$121.99

Avg Volume19.7M

Open$221.03

Beta1.60

Free Cash Flow Financials Revenue

QUALCOMM Incorporated (QCOM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

QCOM · free cash flow · updated Jun 8, 2026

Core FCF metrics

QCOM · FCF · TTM · margin & CAGR

Free cash flow was $12.82B for FY2025 (fiscal year ending 2025-09-28), up 14.9% year-over-year The FCF margin was 28.9%. Five-year CAGR stands at +23.8%.

FY2025 Free Cash Flow$12.82B▲ +14.9% YoY

Trailing 12M (TTM)$12.50Btrailing 4 quarters sum

FCF Margin28.9%$12.82B ÷ revenue

3-Year CAGR+23.3%FY2022 → FY2025

5-Year CAGR+23.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

QCOM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$14.01B(1.19B)$12.82B▲ +14.9%28.9%

FY2024$12.20B(1.04B)$11.16B▲ +13.3%28.6%

FY2023$11.30B(1.45B)$9.85B▲ +44.1%27.5%

FY2022$9.10B(2.26B)$6.83B▼ 21.0%15.5%

FY2021$10.54B(1.89B)$8.65B▲ +96.2%25.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

QCOM · P/FCF · FCF yield · FCF per share

QUALCOMM Incorporated (QCOM) trades at a FCF yield of 5.47% and a price-to-free-cash-flow ratio of 19.2x. FCF per share stands at $11.41, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.47%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$11.41

TTM FCF ÷ Shares Outstanding

Price / FCF

x19.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x19.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-28

Cash flow statement summary

QCOM · cash flow statement · operating / investing / financing

For FY2025, QUALCOMM Incorporated generated $14.01B in operating cash flow and spent 1.19B in capital expenditures, yielding $12.82B in free cash flow.

Operating Activities

+$14.01B

Cash from core business operations

2025-09-28

Investing Activities

−$800.0M

CapEx, acquisitions & investments

2025-09-28

Financing Activities

−$13.20B

Buybacks, dividends & debt

2025-09-28

FCF FormulaOperating CF ($14.01B) − |CapEx| (1.19B) = FCF ($12.82B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

QCOM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

QUALCOMM IncorporatedYOU

QCOM

$12.82B+14.9%28.9%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

QUALCOMM Incorporated (QCOM) reported free cash flow of $12.82B for FY2025 (fiscal year ending 2025-09-28), up 14.9% year-over-year. The FCF margin was 28.9%.

Based on available data, QUALCOMM Incorporated has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $12.82B in FY2025. The 5-year CAGR stands at +23.8%.

QUALCOMM Incorporated's FCF yield is 5.47% and price-to-FCF ratio is 19.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

QCOM free cash flow · 8 questions

QUALCOMM Incorporated free cash flow was $12.82B for FY2025, up 14.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $12.50B.

QCOM free cash flowQCOM FCFQCOM FCF 2025QCOM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · QUALCOMM Incorporated · QUALCOMM Incorporated SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026