Apple Income Statement

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

Millions USD. Fiscal year is Oct - Sep.

Period Ending	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	Mar 27, 2021	Dec 26, 2020	Sep 26, 2020	Jun 27, 2020	Mar 28, 2020	Dec 28, 2019	Sep 28, 2019	Jun 29, 2019	+24 Quarters
Revenue	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	274,515	273,857	267,981	267,683	260,174	259,034	Upgrade
Revenue Growth (YoY)	-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%	5.51%	5.72%	3.67%	2.32%	-2.04%	1.47%	Upgrade
Cost of Revenue	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	169,559	169,277	165,854	166,105	161,782	160,871	Upgrade
Gross Profit	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	104,956	104,580	102,127	101,578	98,392	98,163	Upgrade
Selling, General & Admin	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	19,916	19,558	19,153	18,659	18,245	17,883	Upgrade
Research & Development	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	18,752	17,884	17,383	16,766	16,217	15,857	Upgrade
Operating Expenses	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	38,668	37,442	36,536	35,425	34,462	33,740	Upgrade
Operating Income	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	66,288	67,138	65,591	66,153	63,930	64,423	Upgrade
Interest Expense	-3,933	-3,933	-3,933	-3,758	-1,546	-2,237	-2,931	-2,776	-2,722	-2,701	-2,645	-2,607	-2,639	-2,726	-2,873	-3,049	-3,218	-3,471	-3,576	-3,634	Upgrade
Interest & Investment Income	3,750	3,750	3,750	3,519	1,475	2,175	2,825	2,731	2,728	2,746	2,843	2,952	3,134	3,465	3,763	4,101	4,390	4,699	4,961	5,166	Upgrade
Currency Exchange Gain (Loss)	-	-	-	-	-	-	-	-	-	-	-	-212	548	-223	-	-121	-884	-165	-	-354	Upgrade
Other Non Operating Income (Expenses)	55	-39	-382	-592	-505	-418	-228	-590	-388	-79	60	779	-342	-4	-87	234	1,184	504	422	514	Upgrade
EBT Excluding Unusual Items	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	67,091	68,303	67,063	67,720	65,737	66,115	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-	-	-	-	-	-	-	10	24	-13	-	14	28	29	-	-84	Upgrade
Pretax Income	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	67,091	68,317	67,091	67,749	65,737	66,031	Upgrade
Income Tax Expense	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	9,680	9,893	9,876	10,222	10,481	10,336	Upgrade
Net Income	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	57,411	58,424	57,215	57,527	55,256	55,695	Upgrade
Net Income to Common	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	57,411	58,424	57,215	57,527	55,256	55,695	Upgrade
Net Income Growth	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%	3.90%	4.90%	0.08%	-3.20%	-7.18%	-0.76%	Upgrade
Shares Outstanding (Basic)	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	17,352	17,579	17,837	18,151	18,471	18,782	Upgrade
Shares Outstanding (Diluted)	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	17,528	17,734	17,981	18,277	18,596	18,923	Upgrade
Shares Change (YoY)	-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%	-5.74%	-6.28%	-6.58%	-6.83%	-7.02%	-6.95%	Upgrade
EPS (Basic)	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	3.31	3.32	3.21	3.17	2.99	2.97	Upgrade
EPS (Diluted)	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	3.28	3.29	3.18	3.15	2.97	2.94	Upgrade
EPS Growth	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%	10.44%	11.87%	6.99%	3.91%	-0.34%	6.70%	Upgrade
Free Cash Flow	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	73,365	71,706	66,636	63,970	58,896	58,245	Upgrade
Free Cash Flow Per Share	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	4.19	4.04	3.71	3.50	3.17	3.08	Upgrade
Dividend Per Share	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	0.795	0.782	0.770	0.760	0.750	0.740	Upgrade
Dividend Growth	4.35%	4.40%	4.44%	4.49%	4.55%	5.20%	5.88%	6.59%	7.32%	7.12%	6.92%	6.71%	6.49%	6.25%	6.00%	5.74%	5.48%	7.80%	10.29%	12.98%	Upgrade
Gross Margin	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%	38.23%	38.19%	38.11%	37.95%	37.82%	37.90%	Upgrade
Operating Margin	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%	24.15%	24.52%	24.48%	24.71%	24.57%	24.87%	Upgrade
Profit Margin	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%	20.91%	21.33%	21.35%	21.49%	21.24%	21.50%	Upgrade
Free Cash Flow Margin	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%	26.73%	26.18%	24.87%	23.90%	22.64%	22.49%	Upgrade
EBITDA	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	77,344	78,671	77,305	78,121	76,477	76,545	Upgrade
EBITDA Margin	33.97%	33.73%	32.83%	32.29%	32.14%	32.33%	33.10%	33.43%	33.84%	33.89%	32.87%	31.96%	30.68%	28.95%	28.17%	28.73%	28.85%	29.18%	29.39%	29.55%	Upgrade
D&A For EBITDA	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	11,056	11,533	11,714	11,968	12,547	12,122	Upgrade
EBIT	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	66,288	67,138	65,591	66,153	63,930	64,423	Upgrade
EBIT Margin	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%	24.15%	24.52%	24.48%	24.71%	24.57%	24.87%	Upgrade
Effective Tax Rate	15.01%	14.80%	14.72%	14.93%	15.58%	16.14%	16.20%	15.35%	14.34%	13.96%	13.30%	13.94%	14.86%	14.48%	14.43%	14.48%	14.72%	15.09%	15.94%	15.65%	Upgrade
Revenue as Reported	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	274,515	273,857	267,981	267,683	260,174	259,034	Upgrade

Source: S&P Capital IQ. Standard template.