Apple Inc. (AAPL)

Apple Income Statement

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

Fiscal Quarter	Q2 2026	Q1 2026	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
Period Ending	Mar 28, 2026	Dec 27, 2025	Sep 27, 2025	Jun 28, 2025	Mar 29, 2025	Dec 28, 2024	Sep 28, 2024	Jun 29, 2024	Mar 30, 2024	Dec 30, 2023	Sep 30, 2023	Jul 1, 2023	Apr 1, 2023	Dec 31, 2022	Sep 24, 2022	Jun 25, 2022	Mar 26, 2022	Dec 25, 2021	Sep 25, 2021	Jun 26, 2021
Revenue	451,442	435,617	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
Revenue Growth (YoY)	12.76%	10.07%	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%
Cost of Revenue	235,371	229,460	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
Gross Profit	216,071	206,157	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
Selling, General & Admin	28,667	27,918	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
Research & Development	40,038	37,169	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
Total Operating Expenses	68,705	65,087	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
Operating Income	147,366	141,070	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
Total Non-Operating Income (Expense)	304	77	-321	-679	-366	71	269	279	-128	-222	-565	-831	-576	-480	-334	-635	-382	-34	258	922
Pretax Income	147,670	141,147	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
Provision for Income Taxes	25,095	23,370	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
Net Income	122,575	117,777	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
Net Income to Common	122,575	117,777	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
Net Income Growth	25.98%	22.49%	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%
Shares Outstanding (Basic)	14,785	14,865	14,949	15,038	15,134	15,237	15,344	15,451	15,553	15,649	15,744	15,852	15,968	16,091	16,216	16,330	16,447	16,565	16,701	16,844
Shares Outstanding (Diluted)	14,837	14,920	15,005	15,100	15,200	15,302	15,408	15,516	15,622	15,718	15,813	15,924	16,046	16,185	16,326	16,455	16,585	16,716	16,865	17,020
Shares Change (YoY)	-2.38%	-2.50%	-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%
EPS (Basic)	8.29	7.92	7.48	6.60	6.43	6.31	6.09	6.59	6.46	6.46	6.16	5.98	5.91	5.92	6.14	6.10	6.21	6.08	5.67	5.16
EPS (Diluted)	8.27	7.91	7.47	6.59	6.42	6.30	6.08	6.57	6.43	6.42	6.12	5.95	5.89	5.89	6.11	6.06	6.16	6.04	5.62	5.11
EPS Growth	28.82%	25.56%	22.86%	0.30%	-0.16%	-1.87%	-0.65%	10.42%	9.17%	9.00%	0.16%	-1.81%	-4.38%	-2.48%	8.72%	18.59%	38.12%	63.24%	71.86%	54.85%
Shares Outstanding	14,668	14,703	14,773	14,857	14,939	15,041	15,117	15,222	15,338	15,460	15,550	15,648	15,723	15,842	15,943	16,095	16,208	16,341	16,427	16,557
Free Cash Flow	129,174	123,324	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
Free Cash Flow Growth	31.16%	25.46%	-9.23%	-7.82%	-3.37%	-8.02%	9.26%	3.32%	4.54%	9.61%	-10.64%	-6.13%	-7.85%	-4.28%	19.89%	13.52%	16.93%	26.97%	26.70%	32.16%
Free Cash Flow Per Share	8.71	8.27	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
Dividends Per Share	1.040	1.030	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
Dividend Growth	4.00%	4.04%	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%
Gross Margin	47.86%	47.33%	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%
Operating Margin	32.64%	32.38%	31.97%	31.87%	31.81%	31.76%	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%
Profit Margin	27.15%	27.04%	26.92%	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%
FCF Margin	28.61%	28.31%	23.73%	23.54%	24.60%	24.84%	27.83%	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%
EBITDA	159,976	152,902	144,748	141,696	138,866	137,352	134,661	131,781	129,629	130,107	125,820	123,957	123,788	125,290	130,541	129,557	130,634	128,218	120,233	110,935
EBITDA Margin	35.44%	35.10%	34.78%	34.68%	34.68%	34.71%	34.44%	34.18%	33.97%	33.73%	32.83%	32.29%	32.14%	32.33%	33.10%	33.43%	33.84%	33.89%	32.87%	31.96%
EBIT	147,366	141,070	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
EBIT Margin	32.64%	32.38%	31.97%	31.87%	31.81%	31.76%	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%
Effective Tax Rate	16.99%	16.56%	15.61%	23.36%	23.39%	23.54%	24.09%	15.65%	15.01%	14.80%	14.72%	14.93%	15.58%	16.14%	16.20%	15.35%	14.34%	13.96%	13.30%	13.94%

Updated May 1, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q