Apple Inc. (AAPL)

AAPL Income Statement

Revenue, expenses, and profitability analysis

AAPL Quarterly Income Statement (USD)

Quarterly Report	TTM	03/28/2026	12/27/2025	09/27/2025	06/28/2025	03/29/2025	12/28/2024	09/28/2024	06/29/2024
Gross Profit	216.071B	54.781B	69.231B	48.341B	43.718B	44.867B	58.275B	43.879B	39.678B
Revenue	451.442B	111.184B	143.756B	102.466B	94.036B	95.359B	124.300B	94.930B	85.777B
Cost of Goods Sold	235.371B	56.403B	74.525B	54.125B	50.318B	50.492B	66.025B	51.051B	46.099B
Gross Profit Margin	49.3%	49.3%	48.2%	47.2%	46.5%	47.1%	46.9%	46.2%	46.3%
Total Operating Expenses	68.705B	18.896B	18.379B	15.914B	15.516B	15.278B	15.443B	14.288B	14.326B
Research & Development	40.038B	11.419B	10.887B	8.866B	8.866B	8.550B	8.268B	7.765B	8.006B
Selling, General & Administrative	28.667B	7.477B	7.492B	7.048B	6.650B	6.728B	7.175B	6.523B	6.320B
Operating Income (EBIT)	147.366B	35.885B	50.852B	32.427B	28.202B	29.589B	42.832B	29.591B	25.352B
Operating Margin	32.3%	32.3%	35.4%	31.6%	30.0%	31.0%	34.5%	31.2%	29.6%
Income Before Tax (EBT)	147.670B	35.833B	51.002B	32.804B	28.031B	29.310B	42.584B	29.610B	25.494B
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	—	—	—	—	—	—	—	—	—
Other Income/Expense	304.000M	-52.000M	150.000M	377.000M	-171.000M	-279.000M	-248.000M	19.000M	142.000M
Net Income	122.575B	29.578B	42.097B	27.466B	23.434B	24.780B	36.330B	14.736B	21.448B
Income Tax Expense	25.095B	6.255B	8.905B	5.338B	4.597B	4.530B	6.254B	14.874B	4.046B
Net Profit Margin	26.6%	26.6%	29.3%	26.8%	24.9%	26.0%	29.2%	15.5%	25.0%
EBITDA	160.332B	39.324B	54.216B	35.931B	30.861B	31.971B	45.664B	32.521B	28.344B
EBITDA Margin	35.4%	35.4%	37.7%	35.1%	32.8%	33.5%	36.7%	34.3%	33.0%
Depreciation & Amortization	12.610B	3.439B	3.214B	3.127B	2.830B	2.661B	3.080B	2.911B	2.850B
EPS Basic	8.29	2.02	2.85	1.85	1.57	1.65	2.41	0.97	1.40
EPS Diluted	8.27	2.01	2.84	1.85	1.57	1.65	2.40	0.97	1.40
Shares Outstanding	14.711B	14.711B	14.748B	14.948B	14.903B	14.994B	15.082B	15.172B	15.288B
Diluted Shares Outstanding	14.768B	14.768B	14.810B	15.005B	14.948B	15.056B	15.151B	15.243B	15.348B

AAPL Annual Income Statement (USD)

Annual Report	09/27/2025	09/28/2024	09/30/2023	09/24/2022	09/25/2021	09/26/2020	09/28/2019	09/29/2018
Gross Profit	195.201B	180.683B	169.148B	170.782B	152.836B	104.956B	98.392B	101.839B
Revenue	416.161B	391.035B	383.285B	394.328B	365.817B	274.515B	260.174B	265.595B
Cost of Goods Sold	220.960B	210.352B	214.137B	223.546B	212.981B	169.559B	161.782B	163.756B
Gross Profit Margin	46.9%	46.2%	44.1%	43.3%	41.8%	38.2%	37.8%	38.3%
Total Operating Expenses	62.151B	57.467B	54.847B	51.345B	43.887B	38.668B	34.462B	30.941B
Research & Development	34.550B	31.370B	29.915B	26.251B	21.914B	18.752B	16.217B	14.236B
Selling, General & Administrative	27.601B	26.097B	24.932B	25.094B	21.973B	19.916B	18.245B	16.705B
Operating Income (EBIT)	133.050B	123.216B	114.301B	119.437B	108.949B	66.288B	63.930B	70.898B
Operating Margin	32.0%	31.5%	29.8%	30.3%	29.8%	24.1%	24.6%	26.7%
Income Before Tax (EBT)	132.729B	123.485B	113.736B	119.103B	109.207B	67.091B	65.737B	72.903B
Interest Income	—	—	3.750B	2.825B	2.843B	3.763B	4.961B	5.686B
Interest Expense	—	—	3.933B	2.931B	2.645B	2.873B	3.576B	3.240B
Other Income/Expense	-321.000M	269.000M	-565.000M	-334.000M	258.000M	803.000M	1.807B	2.005B
Net Income	112.010B	93.736B	96.995B	99.803B	94.680B	57.411B	55.256B	59.531B
Income Tax Expense	20.719B	29.749B	16.741B	19.300B	14.527B	9.680B	10.481B	13.372B
Net Profit Margin	26.9%	24.0%	25.3%	25.3%	25.9%	20.9%	21.2%	22.4%
EBITDA	144.427B	134.930B	129.188B	133.138B	123.136B	81.020B	81.860B	87.046B
EBITDA Margin	34.7%	34.5%	33.7%	33.8%	33.7%	29.5%	31.5%	32.8%
Depreciation & Amortization	11.698B	11.445B	11.519B	11.104B	11.284B	11.056B	12.547B	10.903B
EPS Basic	7.49	6.11	6.16	6.15	5.67	3.31	2.99	3.00
EPS Diluted	7.46	6.08	6.13	6.11	5.61	3.28	2.97	2.98
Shares Outstanding	14.948B	15.344B	15.744B	16.216B	16.701B	17.352B	18.471B	19.822B
Diluted Shares Outstanding	15.005B	15.408B	15.813B	16.326B	16.865B	17.528B	18.596B	20.000B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Apple Inc.

Apple Inc. is a global technology corporation that specializes in the conceptualization, production, and sale of a diverse suite of electronic devices. Its comprehensive hardware lineup features the well-known iPhone smartphones, Mac personal computers, and versatile iPad tablets. The company also supplies a range of wearables, smart home products, and accessories, including AirPods, Apple TV, Apple Watch, items from the Beats brand, and HomePod speakers. Beyond its device offerings, Apple delivers essential support services like AppleCare and robust cloud solutions. It oversees key digital platforms, prominently the App Store, which acts as a central hub for customers to discover and download countless applications and digital content, from e-books and music to videos, games, and podcasts. The company also generates revenue via advertising, leveraging both its proprietary ad platforms and third-party licensing deals. Apple's ecosystem is further bolstered by a wide array of subscription-based services: Apple Arcade for gaming, Apple Fitness+ for personalized wellness, Apple Music for curated audio experiences and on-demand radio, Apple News+ for access to news and magazines, and Apple TV+ for exclusive original video programming. Its financial services portfolio includes the co-branded Apple Card and the mobile payment system, Apple Pay. Additionally, Apple strategically licenses its intellectual property. The company serves a broad clientele that spans individual consumers, small and medium-sized enterprises, as well as institutional clients in the education, corporate, and governmental sectors. Products are distributed through a multi-channel strategy, utilizing Apple's own physical retail locations and online storefronts, a dedicated direct sales team, and collaborations with external partners such as mobile network providers, wholesalers, general retailers, and authorized resellers. The App Store additionally functions as the primary conduit for third-party applications designed for its devices. Founded in 1976, Apple Inc. is headquartered in Cupertino, California.

Cupertino, CA

164,000 employees

www.apple.com

Technology / Consumer Electronics

Sector: Technology
Industry: Consumer Electronics
CEO: Timothy D. Cook

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