Apple Income Statement

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

Millions USD. Fiscal year is Oct - Sep.

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	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	+20 Quarters
Period Ending	Sep '25 Sep 27, 2025	Jun '25 Jun 28, 2025	Mar '25 Mar 29, 2025	Dec '24 Dec 28, 2024	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	+20 Quarters
Revenue	416,161	408,625	400,366	395,760	391,035	385,603	381,623	385,706	383,285	383,933	385,095	387,537	394,328	387,542	386,017	378,323	365,817	347,155	325,406	294,135	Upgrade
Revenue Growth (YoY)	6.43%	5.97%	4.91%	2.61%	2.02%	0.43%	-0.90%	-0.47%	-2.80%	-0.93%	-0.24%	2.44%	7.79%	11.63%	18.63%	28.62%	33.26%	26.77%	21.43%	9.88%	Upgrade
Cost of Revenue	220,960	217,886	213,667	211,657	210,352	208,372	207,657	212,035	214,137	217,117	218,807	220,666	223,546	219,681	218,786	215,572	212,981	204,804	195,630	180,068	Upgrade
Gross Profit	195,201	190,739	186,699	184,103	180,683	177,231	173,966	173,671	169,148	166,816	166,288	166,871	170,782	167,861	167,231	162,751	152,836	142,351	129,776	114,067	Upgrade
Selling, General & Admin	27,601	27,076	26,746	26,486	26,097	25,725	25,378	25,111	24,932	25,221	25,260	25,252	25,094	24,270	23,670	22,791	21,973	21,293	20,712	20,350	Upgrade
Research & Development	34,550	33,449	32,589	31,942	31,370	30,912	30,348	29,902	29,915	29,369	28,724	27,654	26,251	25,262	24,182	23,057	21,914	21,120	20,161	19,464	Upgrade
Operating Expenses	62,151	60,525	59,335	58,428	57,467	56,637	55,726	55,013	54,847	54,590	53,984	52,906	51,345	49,532	47,852	45,848	43,887	42,413	40,873	39,814	Upgrade
Operating Income	133,050	130,214	127,364	125,675	123,216	120,594	118,240	118,658	114,301	112,226	112,304	113,965	119,437	118,329	119,379	116,903	108,949	99,938	88,903	74,253	Upgrade
Interest Expense	-	-	-	-	-	-	-	-	-	-827	-1,546	-2,237	-	-2,776	-2,722	-2,701	-2,645	-2,607	-2,639	-2,726	Upgrade
Interest & Investment Income	-	-	-	-	-	-	-	-	-	753	1,475	2,175	-	2,731	2,728	2,746	2,843	2,952	3,134	3,465	Upgrade
Currency Exchange Gain (Loss)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-212	548	-223	Upgrade
Other Non Operating Income (Expenses)	-321	-679	-366	71	269	279	-128	-222	-565	-757	-505	-418	-334	-590	-388	-79	60	779	-342	-4	Upgrade
EBT Excluding Unusual Items	132,729	129,535	126,998	125,746	123,485	120,873	118,112	118,436	113,736	111,395	111,728	113,485	119,103	117,694	118,997	116,869	109,207	100,850	89,604	74,765	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	24	-13	Upgrade
Pretax Income	132,729	129,535	126,998	125,746	123,485	120,873	118,112	118,436	113,736	111,395	111,728	113,485	119,103	117,694	118,997	116,869	109,207	100,860	89,628	74,752	Upgrade
Income Tax Expense	20,719	30,255	29,704	29,596	29,749	18,917	17,723	17,523	16,741	16,635	17,407	18,314	19,300	18,061	17,062	16,314	14,527	14,058	13,317	10,822	Upgrade
Net Income	112,010	99,280	97,294	96,150	93,736	101,956	100,389	100,913	96,995	94,760	94,321	95,171	99,803	99,633	101,935	100,555	94,680	86,802	76,311	63,930	Upgrade
Net Income to Common	112,010	99,280	97,294	96,150	93,736	101,956	100,389	100,913	96,995	94,760	94,321	95,171	99,803	99,633	101,935	100,555	94,680	86,802	76,311	63,930	Upgrade
Net Income Growth	19.50%	-2.63%	-3.08%	-4.72%	-3.36%	7.59%	6.43%	6.03%	-2.81%	-4.89%	-7.47%	-5.35%	5.41%	14.78%	33.58%	57.29%	64.92%	48.57%	33.38%	11.13%	Upgrade
Shares Outstanding (Basic)	14,949	15,038	15,134	15,237	15,344	15,451	15,553	15,648	15,744	15,852	15,968	16,091	16,216	16,330	16,447	16,565	16,701	16,844	16,999	17,171	Upgrade
Shares Outstanding (Diluted)	15,005	15,100	15,200	15,302	15,408	15,515	15,622	15,718	15,813	15,924	16,046	16,185	16,326	16,455	16,585	16,716	16,865	17,020	17,180	17,352	Upgrade
Shares Change (YoY)	-2.62%	-2.68%	-2.71%	-2.65%	-2.56%	-2.57%	-2.64%	-2.89%	-3.14%	-3.23%	-3.25%	-3.18%	-3.20%	-3.32%	-3.46%	-3.66%	-3.78%	-4.03%	-4.46%	-5.06%	Upgrade
EPS (Basic)	7.49	6.60	6.43	6.31	6.11	6.60	6.45	6.45	6.16	5.98	5.91	5.91	6.15	6.10	6.20	6.07	5.67	5.15	4.49	3.72	Upgrade
EPS (Diluted)	7.46	6.57	6.40	6.28	6.08	6.57	6.42	6.42	6.13	5.95	5.88	5.87	6.11	6.04	6.14	6.02	5.61	5.11	4.45	3.69	Upgrade
EPS Growth	22.70%	0.10%	-0.31%	-2.17%	-0.82%	10.32%	9.14%	9.29%	0.33%	-1.49%	-4.15%	-2.36%	8.91%	18.29%	37.94%	63.16%	71.04%	55.09%	39.93%	17.08%	Upgrade
Free Cash Flow	98,767	96,184	98,486	98,299	108,807	104,339	101,919	106,869	99,584	100,987	97,490	97,498	111,443	107,582	105,793	101,853	92,953	94,768	90,473	80,219	Upgrade
Free Cash Flow Per Share	6.58	6.37	6.48	6.42	7.06	6.72	6.52	6.80	6.30	6.34	6.08	6.02	6.83	6.54	6.38	6.09	5.51	5.57	5.27	4.62	Upgrade
Dividend Per Share	1.020	1.010	1.000	0.990	0.980	0.970	0.960	0.950	0.940	0.930	0.920	0.910	0.900	0.890	0.880	0.865	0.850	0.835	0.820	0.807	Upgrade
Dividend Growth	4.08%	4.12%	4.17%	4.21%	4.25%	4.30%	4.35%	4.40%	4.44%	4.49%	4.54%	5.20%	5.88%	6.59%	7.32%	7.12%	6.92%	6.71%	6.49%	6.25%	Upgrade
Gross Margin	46.91%	46.68%	46.63%	46.52%	46.21%	45.96%	45.59%	45.03%	44.13%	43.45%	43.18%	43.06%	43.31%	43.31%	43.32%	43.02%	41.78%	41.01%	39.88%	38.78%	Upgrade
Operating Margin	31.97%	31.87%	31.81%	31.75%	31.51%	31.27%	30.98%	30.76%	29.82%	29.23%	29.16%	29.41%	30.29%	30.53%	30.93%	30.90%	29.78%	28.79%	27.32%	25.25%	Upgrade
Profit Margin	26.91%	24.30%	24.30%	24.30%	23.97%	26.44%	26.31%	26.16%	25.31%	24.68%	24.49%	24.56%	25.31%	25.71%	26.41%	26.58%	25.88%	25.00%	23.45%	21.73%	Upgrade
Free Cash Flow Margin	23.73%	23.54%	24.60%	24.84%	27.82%	27.06%	26.71%	27.71%	25.98%	26.30%	25.32%	25.16%	28.26%	27.76%	27.41%	26.92%	25.41%	27.30%	27.80%	27.27%	Upgrade
EBITDA	144,748	141,696	138,866	137,352	134,661	131,781	129,629	130,109	125,820	123,957	123,788	125,288	130,541	129,557	130,634	128,218	120,233	110,935	99,820	85,159	Upgrade
EBITDA Margin	34.78%	34.68%	34.69%	34.71%	34.44%	34.17%	33.97%	33.73%	32.83%	32.29%	32.15%	32.33%	33.11%	33.43%	33.84%	33.89%	32.87%	31.95%	30.68%	28.95%	Upgrade
D&A For EBITDA	11,698	11,482	11,502	11,677	11,445	11,187	11,389	11,451	11,519	11,731	11,484	11,323	11,104	11,228	11,255	11,315	11,284	10,997	10,917	10,906	Upgrade
EBIT	133,050	130,214	127,364	125,675	123,216	120,594	118,240	118,658	114,301	112,226	112,304	113,965	119,437	118,329	119,379	116,903	108,949	99,938	88,903	74,253	Upgrade
EBIT Margin	31.97%	31.87%	31.81%	31.75%	31.51%	31.27%	30.98%	30.76%	29.82%	29.23%	29.16%	29.41%	30.29%	30.53%	30.93%	30.90%	29.78%	28.79%	27.32%	25.24%	Upgrade
Effective Tax Rate	15.61%	23.36%	23.39%	23.54%	24.09%	15.65%	15.00%	14.79%	14.72%	14.93%	15.58%	16.14%	16.20%	15.35%	14.34%	13.96%	13.30%	13.94%	14.86%	14.48%	Upgrade
Revenue as Reported	416,161	408,625	400,366	395,760	391,035	385,603	381,623	385,706	383,285	383,933	385,095	387,537	394,328	387,542	386,017	378,323	365,817	347,155	325,406	294,135	Upgrade

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

SEC Filings: 10-K · 10-Q