Apple Income Statement

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

Millions USD. Fiscal year is Oct - Sep.

Quarter Ended	2023-12-30	2023-09-30	2023-07-01	2023-04-01	2022-12-31	2022-09-24	2022-06-25	2022-03-26	2021-12-25	2021-09-25	2021-06-26	2021-03-27	2020-12-26	2020-09-26	2020-06-27	2020-03-28	2019-12-28	2019-09-28	2019-06-29	2019-03-30	2018-12-29	2018-09-29	2018-06-30	2018-03-31	2017-12-30	2017-09-30	2017-07-01	2017-04-01	2016-12-31	2016-09-24	2016-06-25	2016-03-26	2015-12-26	2015-09-26	2015-06-27	2015-03-28	2014-12-27	2014-09-27	2014-06-28	2014-03-29	+84 Quarters
Revenue	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	64,040	53,809	58,015	84,310	62,900	53,265	61,137	88,293	52,579	45,408	52,896	78,351	46,852	42,358	50,557	75,872	51,501	49,605	58,010	74,599	42,123	37,432	45,646	Upgrade
Revenue Growth (YoY)	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%	1.81%	1.02%	-5.11%	-4.51%	19.63%	17.30%	15.58%	12.69%	12.22%	7.20%	4.63%	3.27%	-9.03%	-14.61%	-12.85%	1.71%	22.26%	32.52%	27.09%	29.53%	12.41%	5.97%	4.69%	Upgrade
Cost of Revenue	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	39,727	33,582	36,194	52,279	38,816	32,844	37,715	54,381	32,648	27,920	32,305	48,175	29,039	26,252	30,636	45,449	30,953	29,924	34,354	44,858	26,114	22,697	27,699	Upgrade
Gross Profit	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	24,313	20,227	21,821	32,031	24,084	20,421	23,422	33,912	19,931	17,488	20,591	30,176	17,813	16,106	19,921	30,423	20,548	19,681	23,656	29,741	16,009	14,735	17,947	Upgrade
Selling, General & Admin	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	4,578	4,426	4,458	4,783	4,216	4,108	4,150	4,231	3,814	3,783	3,718	3,946	3,482	3,441	3,423	3,848	3,705	3,564	3,460	3,600	3,158	2,850	2,932	Upgrade
Research & Development	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	4,110	4,257	3,948	3,902	3,750	3,701	3,378	3,407	2,997	2,937	2,776	2,871	2,570	2,560	2,511	2,404	2,220	2,034	1,918	1,895	1,686	1,603	1,422	Upgrade
Operating Expenses	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	8,688	8,683	8,406	8,685	7,966	7,809	7,528	7,638	6,811	6,720	6,494	6,817	6,052	6,001	5,934	6,252	5,925	5,598	5,378	5,495	4,844	4,453	4,354	Upgrade
Operating Income	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	15,625	11,544	13,415	23,346	16,118	12,612	15,894	26,274	13,120	10,768	14,097	23,359	11,761	10,105	13,987	24,171	14,623	14,083	18,278	24,246	11,165	10,282	13,593	Upgrade
Interest Expense / Income	0	1,002	998	930	0	827	719	691	694	672	665	670	638	634	697	757	785	810	866	1,010	890	868	846	792	734	666	602	530	525	450	409	321	276	238	201	163	131	115	100	85	Upgrade
Other Expense / Income	50	-1,031	-733	-994	393	-590	-709	-851	-447	-134	-908	-1,178	-683	-760	-743	-1,039	-1,134	-1,312	-1,233	-1,388	-1,450	-1,171	-1,518	-1,066	-1,490	-1,463	-1,142	-1,117	-1,346	-877	-773	-476	-678	-677	-591	-449	-301	-422	-302	-310	Upgrade
Pretax Income	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	16,127	11,911	13,793	23,906	16,421	13,284	16,168	27,030	13,917	11,308	14,684	24,180	12,188	10,469	14,142	24,573	15,062	14,473	18,564	24,416	11,472	10,484	13,818	Upgrade
Income Tax	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	2,441	1,867	2,232	3,941	2,296	1,765	2,346	6,965	3,203	2,591	3,655	6,289	3,174	2,673	3,626	6,212	3,938	3,796	4,995	6,392	3,005	2,736	3,595	Upgrade
Net Income	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	13,686	10,044	11,561	19,965	14,125	11,519	13,822	20,065	10,714	8,717	11,029	17,891	9,014	7,796	10,516	18,361	11,124	10,677	13,569	18,024	8,467	7,748	10,223	Upgrade
Net Income Growth	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%	-3.11%	-12.80%	-16.36%	-0.50%	31.84%	32.14%	25.32%	12.15%	18.86%	11.81%	4.88%	-2.56%	-18.97%	-26.98%	-22.50%	1.87%	31.38%	37.80%	32.73%	37.88%	12.71%	12.29%	7.08%	Upgrade
Shares Outstanding (Basic)	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	17,963	18,283	18,696	18,943	19,206	19,529	20,100	20,452	20,598	20,780	20,903	21,195	21,468	21,772	22,058	22,236	22,588	22,920	23,175	23,372	23,735	24,051	24,493	Upgrade
Shares Outstanding (Diluted)	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	18,081	18,406	18,803	19,093	19,390	19,706	20,274	20,631	20,734	20,934	21,047	21,312	21,573	21,891	22,164	22,377	22,730	23,092	23,339	23,527	23,888	24,207	24,627	Upgrade
Shares Change	-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%	-6.75%	-6.60%	-7.26%	-7.46%	-6.48%	-5.86%	-3.67%	-3.19%	-3.89%	-4.37%	-5.04%	-4.76%	-5.09%	-5.20%	-5.04%	-4.89%	-4.85%	-4.60%	-5.23%	-6.79%	-6.16%	-6.46%	-7.03%	Upgrade
EPS (Basic)	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	0.75	0.65	0.64	1.26	0.76	0.55	0.62	1.05	0.73	0.59	0.69	0.98	0.52	0.42	0.53	0.84	0.42	0.36	0.48	0.82	0.49	0.47	0.58	0.77	0.36	0.32	0.42	Upgrade
EPS (Diluted)	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	0.76	0.55	0.61	1.04	0.73	0.58	0.68	0.97	0.52	0.42	0.53	0.84	0.42	0.35	0.47	0.82	0.49	0.46	0.58	0.77	0.35	0.32	0.41	Upgrade
EPS Growth	15.96%	13.18%	5.00%	0%	-10.48%	4.88%	-7.69%	8.57%	25.00%	66.22%	100.00%	118.75%	34.40%	-1.99%	19.27%	4.07%	19.62%	3.14%	-6.84%	-9.82%	7.40%	41.31%	40.29%	29.90%	15.83%	22.46%	17.46%	10.53%	2.44%	-14.20%	-23.33%	-18.52%	7.19%	38.87%	44.69%	40.48%	47.97%	19.53%	19.40%	15.28%	Upgrade
Free Cash Flow	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	17,133	9,636	8,792	23,335	16,482	11,221	10,935	25,483	11,884	6,395	9,681	23,814	13,309	7,729	9,002	23,457	9,817	12,899	16,605	30,457	9,398	7,824	12,052	Upgrade
Free Cash Flow Per Share	2.42	1.25	1.55	1.62	1.90	1.30	1.29	1.58	2.69	1.03	1.14	1.30	2.08	1.10	0.85	0.66	1.61	0.95	0.53	0.47	1.23	0.86	0.57	0.54	1.25	0.58	0.31	0.46	1.12	0.62	0.35	0.41	1.05	0.43	0.56	0.72	1.30	0.40	0.33	0.49	Upgrade
Dividend Per Share	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	0.193	0.193	0.182	0.182	0.182	0.182	0.158	0.158	0.158	0.158	0.142	0.142	0.142	0.142	0.130	0.130	0.130	0.130	0.117	0.117	0.117	0.117	0.109	Upgrade
Dividend Growth	4.35%	4.35%	4.35%	4.55%	4.55%	4.55%	4.55%	7.32%	7.32%	7.32%	7.32%	6.22%	6.22%	6.22%	6.22%	6.04%	6.04%	6.04%	6.04%	15.19%	15.19%	15.19%	15.19%	11.27%	11.27%	11.27%	11.27%	9.23%	9.23%	9.23%	9.23%	11.11%	11.11%	11.11%	11.11%	7.34%	7.34%	7.34%	7.34%	14.74%	Upgrade
Gross Margin	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%	37.97%	37.59%	37.61%	37.99%	38.29%	38.34%	38.31%	38.41%	37.91%	38.51%	38.93%	38.51%	38.02%	38.02%	39.40%	40.10%	39.90%	39.68%	40.78%	39.87%	38.01%	39.36%	39.32%	Upgrade
Operating Margin	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%	24.40%	21.45%	23.12%	27.69%	25.62%	23.68%	26.00%	29.76%	24.95%	23.71%	26.65%	29.81%	25.10%	23.86%	27.67%	31.86%	28.39%	28.39%	31.51%	32.50%	26.51%	27.47%	29.78%	Upgrade
Profit Margin	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%	21.37%	18.67%	19.93%	23.68%	22.46%	21.63%	22.61%	22.73%	20.38%	19.20%	20.85%	22.83%	19.24%	18.41%	20.80%	24.20%	21.60%	21.52%	23.39%	24.16%	20.10%	20.70%	22.40%	Upgrade
Free Cash Flow Margin	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%	26.75%	17.91%	15.15%	27.68%	26.20%	21.07%	17.89%	28.86%	22.60%	14.08%	18.30%	30.39%	28.41%	18.25%	17.81%	30.92%	19.06%	26.00%	28.62%	40.83%	22.31%	20.90%	26.40%	Upgrade
Effective Tax Rate	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%	15.14%	15.67%	16.18%	16.49%	13.98%	13.29%	14.51%	25.77%	23.02%	22.91%	24.89%	26.01%	26.04%	25.53%	25.64%	25.28%	26.15%	26.23%	26.91%	26.18%	26.19%	26.10%	26.02%	Upgrade
EBITDA	43,171	30,653	26,783	32,210	38,539	28,349	26,590	33,567	44,632	26,909	27,866	31,478	36,883	18,237	16,586	16,678	29,519	20,116	15,710	17,843	28,191	20,043	16,795	19,699	30,509	17,067	14,264	17,546	27,692	15,186	13,404	16,940	27,803	18,419	17,758	21,206	27,122	13,556	12,530	15,790	Upgrade
EBITDA Margin	36.10%	34.25%	32.74%	33.96%	32.90%	31.45%	32.05%	34.51%	36.01%	32.28%	34.22%	35.14%	33.10%	28.19%	27.79%	28.60%	32.15%	31.41%	29.20%	30.76%	33.44%	31.86%	31.53%	32.22%	34.55%	32.46%	31.41%	33.17%	35.34%	32.41%	31.64%	33.51%	36.64%	35.76%	35.80%	36.56%	36.36%	32.18%	33.47%	34.59%	Upgrade
Depreciation & Amortization	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	3,179	2,933	3,040	3,395	2,754	2,665	2,739	2,745	2,484	2,354	2,332	2,987	2,548	2,526	2,477	2,954	3,119	3,084	2,479	2,575	1,969	1,946	1,887	Upgrade
EBIT	40,323	28,000	23,731	29,312	35,623	25,484	23,785	30,830	41,935	23,920	25,034	28,681	34,217	15,535	13,834	13,892	26,703	16,937	12,777	14,803	24,796	17,289	14,130	16,960	27,764	14,583	11,910	15,214	24,705	12,638	10,878	14,463	24,849	15,300	14,674	18,727	24,547	11,587	10,584	13,903	Upgrade
EBIT Margin	33.72%	31.29%	29.01%	30.91%	30.41%	28.27%	28.67%	31.69%	33.83%	28.69%	30.74%	32.02%	30.70%	24.01%	23.18%	23.82%	29.08%	26.45%	23.75%	25.52%	29.41%	27.49%	26.53%	27.74%	31.45%	27.74%	26.23%	28.76%	31.53%	26.97%	25.68%	28.61%	32.75%	29.71%	29.58%	32.28%	32.91%	27.51%	28.28%	30.46%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).