Apple Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 27, 2025	Sep '24 Sep 28, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 24, 2022	Sep '21 Sep 25, 2021	2016 - 2020
Revenue	416,161	391,035	383,285	394,328	365,817	Upgrade
Revenue Growth (YoY)	6.43%	2.02%	-2.80%	7.79%	33.26%	Upgrade
Cost of Revenue	220,960	210,352	214,137	223,546	212,981	Upgrade
Gross Profit	195,201	180,683	169,148	170,782	152,836	Upgrade
Selling, General & Admin	27,601	26,097	24,932	25,094	21,973	Upgrade
Research & Development	34,550	31,370	29,915	26,251	21,914	Upgrade
Operating Expenses	62,151	57,467	54,847	51,345	43,887	Upgrade
Operating Income	133,050	123,216	114,301	119,437	108,949	Upgrade
Interest Expense	-	-	-	-	-2,645	Upgrade
Interest & Investment Income	-	-	-	-	2,843	Upgrade
Other Non Operating Income (Expenses)	-321	269	-565	-334	60	Upgrade
Pretax Income	132,729	123,485	113,736	119,103	109,207	Upgrade
Income Tax Expense	20,719	29,749	16,741	19,300	14,527	Upgrade
Net Income	112,010	93,736	96,995	99,803	94,680	Upgrade
Net Income to Common	112,010	93,736	96,995	99,803	94,680	Upgrade
Net Income Growth	19.50%	-3.36%	-2.81%	5.41%	64.92%	Upgrade
Shares Outstanding (Basic)	14,949	15,344	15,744	16,216	16,701	Upgrade
Shares Outstanding (Diluted)	15,005	15,408	15,813	16,326	16,865	Upgrade
Shares Change (YoY)	-2.62%	-2.56%	-3.14%	-3.20%	-3.78%	Upgrade
EPS (Basic)	7.49	6.11	6.16	6.15	5.67	Upgrade
EPS (Diluted)	7.46	6.08	6.13	6.11	5.61	Upgrade
EPS Growth	22.70%	-0.82%	0.33%	8.91%	71.04%	Upgrade
Free Cash Flow	98,767	108,807	99,584	111,443	92,953	Upgrade
Free Cash Flow Per Share	6.58	7.06	6.30	6.83	5.51	Upgrade
Dividend Per Share	1.020	0.980	0.940	0.900	0.850	Upgrade
Dividend Growth	4.08%	4.25%	4.44%	5.88%	6.92%	Upgrade
Gross Margin	46.91%	46.21%	44.13%	43.31%	41.78%	Upgrade
Operating Margin	31.97%	31.51%	29.82%	30.29%	29.78%	Upgrade
Profit Margin	26.91%	23.97%	25.31%	25.31%	25.88%	Upgrade
Free Cash Flow Margin	23.73%	27.82%	25.98%	28.26%	25.41%	Upgrade
EBITDA	144,748	134,661	125,820	130,541	120,233	Upgrade
EBITDA Margin	34.78%	34.44%	32.83%	33.11%	32.87%	Upgrade
D&A For EBITDA	11,698	11,445	11,519	11,104	11,284	Upgrade
EBIT	133,050	123,216	114,301	119,437	108,949	Upgrade
EBIT Margin	31.97%	31.51%	29.82%	30.29%	29.78%	Upgrade
Effective Tax Rate	15.61%	24.09%	14.72%	16.20%	13.30%	Upgrade
Revenue as Reported	416,161	391,035	383,285	394,328	365,817	Upgrade

Updated Sep 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.