Apple Inc. (AAPL)

Apple Income Statement

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

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

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

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