Apple Income Statement

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

Millions USD. Fiscal year is Oct - Sep.

Fiscal Quarter	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	+20 Quarters
Period Ending	Sep '24 Sep 28, 2024	Jun '24 Jun 29, 2024	Mar '24 Mar 30, 2024	Dec '23 Dec 30, 2023	Sep '23 Sep 30, 2023	Jul '23 Jul 1, 2023	Apr '23 Apr 1, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 24, 2022	Jun '22 Jun 25, 2022	Mar '22 Mar 26, 2022	Dec '21 Dec 25, 2021	Sep '21 Sep 25, 2021	Jun '21 Jun 26, 2021	Mar '21 Mar 27, 2021	Dec '20 Dec 26, 2020	Sep '20 Sep 26, 2020	Jun '20 Jun 27, 2020	Mar '20 Mar 28, 2020	Dec '19 Dec 28, 2019	+20 Quarters
Revenue	94,930	85,777	90,753	119,575	89,498	81,797	94,836	117,154	90,146	82,959	97,278	123,945	83,360	81,434	89,584	111,439	64,698	59,685	58,313	91,819	Upgrade
Revenue Growth (YoY)	6.07%	4.87%	-4.31%	2.07%	-0.72%	-1.40%	-2.51%	-5.48%	8.14%	1.87%	8.59%	11.22%	28.84%	36.44%	53.63%	21.37%	1.03%	10.92%	0.51%	8.91%	Upgrade
Cost of Revenue	51,051	46,099	48,482	64,720	49,071	45,384	52,860	66,822	52,051	47,074	54,719	69,702	48,186	46,179	51,505	67,111	40,009	37,005	35,943	56,602	Upgrade
Gross Profit	43,879	39,678	42,271	54,855	40,427	36,413	41,976	50,332	38,095	35,885	42,559	54,243	35,174	35,255	38,079	44,328	24,689	22,680	22,370	35,217	Upgrade
Selling, General & Admin	6,523	6,320	6,468	6,786	6,151	5,973	6,201	6,607	6,440	6,012	6,193	6,449	5,616	5,412	5,314	5,631	4,936	4,831	4,952	5,197	Upgrade
Research & Development	7,765	8,006	7,903	7,696	7,307	7,442	7,457	7,709	6,761	6,797	6,387	6,306	5,772	5,717	5,262	5,163	4,978	4,758	4,565	4,451	Upgrade
Operating Expenses	14,288	14,326	14,371	14,482	13,458	13,415	13,658	14,316	13,201	12,809	12,580	12,755	11,388	11,129	10,576	10,794	9,914	9,589	9,517	9,648	Upgrade
Operating Income	29,591	25,352	27,900	40,373	26,969	22,998	28,318	36,016	24,894	23,076	29,979	41,488	23,786	24,126	27,503	33,534	14,775	13,091	12,853	25,569	Upgrade
Interest Expense	-	-	-	-	-	-	-	-	-827	-719	-691	-694	-672	-665	-670	-638	-634	-697	-757	-785	Upgrade
Interest & Investment Income	-	-	-	-	-	-	-	-	753	722	700	650	659	719	718	747	768	901	1,049	1,045	Upgrade
Currency Exchange Gain (Loss)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-212	760	-771	223	Upgrade
Other Non Operating Income (Expenses)	19	142	158	-50	29	-265	64	-393	-163	-13	151	-203	-525	189	460	-64	194	-932	798	-147	Upgrade
EBT Excluding Unusual Items	29,610	25,494	28,058	40,323	26,998	22,733	28,382	35,623	24,657	23,066	30,139	41,241	23,248	24,369	28,011	33,579	14,891	13,123	13,172	25,905	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	14	-37	13	Upgrade
Pretax Income	29,610	25,494	28,058	40,323	26,998	22,733	28,382	35,623	24,657	23,066	30,139	41,241	23,248	24,369	28,011	33,579	14,901	13,137	13,135	25,918	Upgrade
Income Tax Expense	14,874	4,046	4,422	6,407	4,042	2,852	4,222	5,625	3,936	3,624	5,129	6,611	2,697	2,625	4,381	4,824	2,228	1,884	1,886	3,682	Upgrade
Net Income	14,736	21,448	23,636	33,916	22,956	19,881	24,160	29,998	20,721	19,442	25,010	34,630	20,551	21,744	23,630	28,755	12,673	11,253	11,249	22,236	Upgrade
Net Income to Common	14,736	21,448	23,636	33,916	22,956	19,881	24,160	29,998	20,721	19,442	25,010	34,630	20,551	21,744	23,630	28,755	12,673	11,253	11,249	22,236	Upgrade
Net Income Growth	-35.81%	7.88%	-2.17%	13.06%	10.79%	2.26%	-3.40%	-13.38%	0.83%	-10.59%	5.84%	20.43%	62.16%	93.23%	110.06%	29.32%	-7.40%	12.04%	-2.70%	11.37%	Upgrade
Shares Outstanding (Basic)	15,172	15,288	15,406	15,510	15,599	15,698	15,787	15,893	16,030	16,163	16,279	16,392	16,487	16,629	16,753	16,935	17,058	17,250	17,440	17,660	Upgrade
Shares Outstanding (Diluted)	15,243	15,348	15,465	15,577	15,672	15,775	15,847	15,956	16,118	16,262	16,403	16,519	16,635	16,782	16,929	17,114	17,257	17,419	17,619	17,818	Upgrade
Shares Change (YoY)	-2.74%	-2.71%	-2.41%	-2.38%	-2.77%	-3.00%	-3.39%	-3.41%	-3.11%	-3.10%	-3.11%	-3.47%	-3.60%	-3.66%	-3.91%	-3.96%	-4.56%	-5.36%	-6.30%	-6.68%	Upgrade
EPS (Basic)	0.97	1.40	1.53	2.19	1.47	1.27	1.53	1.89	1.29	1.20	1.54	2.11	1.25	1.31	1.41	1.70	0.74	0.65	0.64	1.26	Upgrade
EPS (Diluted)	0.96	1.40	1.53	2.18	1.46	1.26	1.52	1.88	1.29	1.20	1.52	2.10	1.23	1.30	1.40	1.68	0.74	0.65	0.64	1.25	Upgrade
EPS Growth	-34.07%	11.11%	0.66%	15.96%	13.47%	5.00%	0%	-10.48%	4.82%	-7.69%	8.57%	25.00%	66.16%	100.00%	118.75%	34.40%	-2.27%	19.27%	4.07%	19.62%	Upgrade
Free Cash Flow	23,903	26,707	20,694	37,503	19,435	24,287	25,644	30,218	20,838	20,790	25,652	44,163	16,977	19,001	21,712	35,263	18,792	14,706	11,458	28,409	Upgrade
Free Cash Flow Per Share	1.57	1.74	1.34	2.41	1.24	1.54	1.62	1.89	1.29	1.28	1.56	2.67	1.02	1.13	1.28	2.06	1.09	0.84	0.65	1.59	Upgrade
Dividend Per Share	0.250	0.250	0.240	0.240	0.240	0.240	0.230	0.230	0.230	0.230	0.220	0.220	0.220	0.220	0.205	0.205	0.205	0.205	0.193	0.193	Upgrade
Dividend Growth	4.17%	4.17%	4.35%	4.35%	4.35%	4.35%	4.55%	4.55%	4.55%	4.55%	7.32%	7.32%	7.32%	7.32%	6.49%	6.49%	6.49%	6.49%	5.48%	5.48%	Upgrade
Gross Margin	46.22%	46.26%	46.58%	45.87%	45.17%	44.52%	44.26%	42.96%	42.26%	43.26%	43.75%	43.76%	42.20%	43.29%	42.51%	39.78%	38.16%	38.00%	38.36%	38.35%	Upgrade
Operating Margin	31.17%	29.56%	30.74%	33.76%	30.13%	28.12%	29.86%	30.74%	27.62%	27.82%	30.82%	33.47%	28.53%	29.63%	30.70%	30.09%	22.84%	21.93%	22.04%	27.85%	Upgrade
Profit Margin	15.52%	25.00%	26.04%	28.36%	25.65%	24.31%	25.48%	25.61%	22.99%	23.44%	25.71%	27.94%	24.65%	26.70%	26.38%	25.80%	19.59%	18.85%	19.29%	24.22%	Upgrade
Free Cash Flow Margin	25.18%	31.14%	22.80%	31.36%	21.72%	29.69%	27.04%	25.79%	23.12%	25.06%	26.37%	35.63%	20.37%	23.33%	24.24%	31.64%	29.05%	24.64%	19.65%	30.94%	Upgrade
EBITDA	32,502	28,202	30,736	43,221	29,622	26,050	31,216	38,932	27,759	25,881	32,716	44,185	26,775	26,958	30,300	36,200	17,477	15,843	15,639	28,385	Upgrade
EBITDA Margin	34.24%	32.88%	33.87%	36.15%	33.10%	31.85%	32.92%	33.23%	30.79%	31.20%	33.63%	35.65%	32.12%	33.10%	33.82%	32.48%	27.01%	26.54%	26.82%	30.91%	Upgrade
D&A For EBITDA	2,911	2,850	2,836	2,848	2,653	3,052	2,898	2,916	2,865	2,805	2,737	2,697	2,989	2,832	2,797	2,666	2,702	2,752	2,786	2,816	Upgrade
EBIT	29,591	25,352	27,900	40,373	26,969	22,998	28,318	36,016	24,894	23,076	29,979	41,488	23,786	24,126	27,503	33,534	14,775	13,091	12,853	25,569	Upgrade
EBIT Margin	31.17%	29.56%	30.74%	33.76%	30.13%	28.12%	29.86%	30.74%	27.62%	27.82%	30.82%	33.47%	28.53%	29.63%	30.70%	30.09%	22.84%	21.93%	22.04%	27.85%	Upgrade
Effective Tax Rate	50.23%	15.87%	15.76%	15.89%	14.97%	12.55%	14.88%	15.79%	15.96%	15.71%	17.02%	16.03%	11.60%	10.77%	15.64%	14.37%	14.95%	14.34%	14.36%	14.21%	Upgrade
Revenue as Reported	94,930	85,777	90,753	119,575	89,498	81,797	94,836	117,154	90,146	82,959	97,278	123,945	83,360	81,434	89,584	111,439	64,698	59,685	58,313	91,819	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.