Financials in USD. Standardized financial statements.
A compact view of how Apple Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $416.16B | $391.04B | $383.29B | $394.33B | $365.82B | $274.51B | $260.17B | $265.60B | $229.23B | $215.64B |
| Revenue Growth? | +6.4% | +2.0% | -2.8% | +7.8% | +33.3% | +5.5% | -2.0% | +15.9% | +6.3% | 0.0% |
| Cost of Revenue? | $220.96B | $210.35B | $214.14B | $223.55B | $212.98B | $169.56B | $161.78B | $163.76B | $141.05B | $131.38B |
| Gross Profit? | $195.20B | $180.68B | $169.15B | $170.78B | $152.84B | $104.96B | $98.39B | $101.84B | $88.19B | $84.26B |
| Gross Margin? | +46.9% | +46.2% | +44.1% | +43.3% | +41.8% | +38.2% | +37.8% | +38.3% | +38.5% | +39.1% |
| Operating Expenses? | $62.15B | $57.47B | $54.85B | $51.34B | $43.89B | $38.67B | $34.46B | $30.94B | $26.84B | $24.24B |
| Operating Income? | $133.05B | $123.22B | $114.30B | $119.44B | $108.95B | $66.29B | $63.93B | $70.90B | $61.34B | $60.02B |
| EBITDA? | $144.43B | $134.93B | $129.19B | $133.14B | $123.14B | $81.02B | $81.86B | $87.05B | $76.57B | $73.33B |
| Income Before Tax | $132.73B | $123.48B | $113.74B | $119.10B | $109.21B | $67.09B | $65.74B | $72.90B | $64.09B | $61.37B |
| Income Tax Expense | $20.72B | $29.75B | $16.74B | $19.30B | $14.53B | $9.68B | $10.48B | $13.37B | $15.74B | $15.69B |
| Net Income? | $112.01B | $93.74B | $97.00B | $99.80B | $94.68B | $57.41B | $55.26B | $59.53B | $48.35B | $45.69B |
| EPS? | $7.49 | $6.11 | $6.16 | $6.15 | $5.67 | $3.31 | $2.99 | $3.00 | $2.32 | $2.09 |
| Diluted EPS? | $7.46 | $6.08 | $6.13 | $6.11 | $5.61 | $3.28 | $2.97 | $2.98 | $2.30 | $2.08 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality