AAP Apple AAPL · Nasdaq · Technology
SEC EDGAR ↗ SEC EDGAR Filings checked 23 Oct 2026, 16:23 UTC Financials checked 23 Oct 2026, 16:23 UTC
Some records were last checked more than 24 hours ago. These are the last verified records; check the official source for the latest filings.
Annual reporting period: 2024-09-29 — 2025-09-27 · USD
Annual revenue $416.16B Year over year +6.4%
Annual net income $112.01B Consolidated net income
Annual operating income $133.05B Consolidated basis
Operating margin 32.0% Operating income / revenue
Revenue over time ANNUAL
2016-09-24 · 215,639,000,000 USD
2016 $215.64B
2017-09-30 · 229,234,000,000 USD
2017 $229.23B
2018-09-29 · 265,595,000,000 USD
2018 $265.6B
2019-09-28 · 260,174,000,000 USD
2019 $260.17B
2020-09-26 · 274,515,000,000 USD
2020 $274.52B
2021-09-25 · 365,817,000,000 USD
2021 $365.82B
2022-09-24 · 394,328,000,000 USD
2022 $394.33B
2023-09-30 · 383,285,000,000 USD
2023 $383.29B
2024-09-28 · 391,035,000,000 USD
2024 $391.04B
2025-09-27 · 416,161,000,000 USD
2025 $416.16B Each bar is one fiscal year of revenue, ending on the date shown.
Income statement CONSOLIDATED Line 2025 09-27 2024 09-28 2023 09-30 2022 09-24 2021 09-25 2020 09-26 2019 09-28 2018 09-29 2017 09-30 2016 09-24 Revenue $416.16B $391.04B $383.29B $394.33B $365.82B $274.52B $260.17B $265.6B $229.23B $215.64B 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 $195.2B $180.68B $169.15B $170.78B $152.84B $104.96B $98.39B $101.84B $88.19B $84.26B Research and development $34.55B $31.37B $29.92B $26.25B $21.91B $18.75B $16.22B $14.24B $11.58B $10.05B Selling, general and administrative $27.6B $26.1B $24.93B $25.09B $21.97B $19.92B $18.25B $16.71B $15.26B $14.19B Operating expenses $62.15B $57.47B $54.85B $51.35B $43.89B $38.67B $34.46B $30.94B $26.84B $24.24B Operating income $133.05B $123.22B $114.3B $119.44B $108.95B $66.29B $63.93B $70.9B $61.34B $60.02B Non-operating income $-321M $269M $-565M $-334M $258M $803M $1.81B $2.01B $2.75B $1.35B Income tax expense $20.72B $29.75B $16.74B $19.3B $14.53B $9.68B $10.48B $13.37B $15.74B $15.69B Net income $112.01B $93.74B $97B $99.8B $94.68B $57.41B $55.26B $59.53B $48.35B $45.69B Basic EPS 7.49 6.11 6.16 6.15 5.67 3.31 2.99 3.00 9.27 8.35 Diluted EPS 7.46 6.08 6.13 6.11 5.61 3.28 2.97 2.98 9.21 8.31 Diluted shares outstanding 15.00B 15.41B 15.81B 16.33B 16.86B 17.53B 18.60B 20.00B 5.25B 5.50B
Balance sheet CONSOLIDATED Line 2025 09-27 2024 09-28 2023 09-30 2022 09-24 2021 09-25 2020 09-26 2019 09-28 2018 09-29 2017 09-30 2016 09-24 Total assets $359.24B $364.98B $352.58B $352.76B $351B $323.89B $338.52B $365.73B $375.32B $321.69B Current assets $147.96B $152.99B $143.57B $135.41B $134.84B $143.71B $162.82B $131.34B $128.65B $106.87B Cash and equivalents $35.93B $29.94B $29.97B $23.65B $34.94B $38.02B $48.84B $25.91B $20.29B $20.48B Short-term investments $18.76B $35.23B $31.59B $24.66B $27.7B $52.93B $51.71B $40.39B — — Accounts receivable $39.78B $33.41B $29.51B $28.18B $26.28B $16.12B $22.93B $23.19B $17.87B $15.75B Inventory $5.72B $7.29B $6.33B $4.95B $6.58B $4.06B $4.11B $3.96B $4.86B $2.13B Property, plant and equipment $49.83B $45.68B $43.72B $42.12B $39.44B $36.77B $37.38B $41.3B $33.78B $27.01B Total liabilities $285.51B $308.03B $290.44B $302.08B $287.91B $258.55B $248.03B $258.58B $241.27B $193.44B Current liabilities $165.63B $176.39B $145.31B $153.98B $125.48B $105.39B $105.72B $115.93B $100.81B $79.01B Accounts payable $69.86B $68.96B $62.61B $64.12B $54.76B $42.3B $46.24B $55.89B $44.24B $37.29B Short-term debt $12.35B $10.91B $9.82B $11.13B $9.61B $8.77B $10.26B $8.78B $6.5B $3.5B Long-term debt $78.33B $85.75B $95.28B $98.96B $109.11B $98.67B $91.81B $93.74B $97.21B $75.43B Shareholders' equity $73.73B $56.95B $62.15B $50.67B $63.09B $65.34B $90.49B $107.15B $134.05B $128.25B Retained earnings $-14.26B $-19.15B $-214M $-3.07B $5.56B $14.97B $45.9B $70.4B $98.33B $96.36B
Cash flow statement CONSOLIDATED Line 2025 09-27 2024 09-28 2023 09-30 2022 09-24 2021 09-25 2020 09-26 2019 09-28 2018 09-29 2017 09-30 2016 09-24 Operating cash flow $111.48B $118.25B $110.54B $122.15B $104.04B $80.67B $69.39B $77.43B $64.23B $66.23B Investing cash flow $15.2B $2.94B $3.71B $-22.35B $-14.55B $-4.29B $45.9B $16.07B $-46.45B $-45.98B Financing cash flow $-120.69B $-121.98B $-108.49B $-110.75B $-93.35B $-86.82B $-90.98B $-87.88B $-17.97B $-20.89B Capital expenditure $12.72B $9.45B $10.96B $10.71B $11.09B $7.31B $10.5B $13.31B $12.45B $12.73B Depreciation and amortisation $11.7B $11.45B $11.52B $11.1B $11.28B $11.06B $12.55B $10.9B $10.16B $10.51B Dividends paid $15.42B $15.23B $15.03B $14.84B $14.47B $14.08B $14.12B $13.71B $12.56B $11.97B Share buybacks $90.71B $94.95B $77.55B $89.4B $85.97B $72.36B $66.9B $72.74B $32.9B $29.72B
Key ratios COMPUTED HERE Line 2025 09-27 2024 09-28 2023 09-30 2022 09-24 2021 09-25 2020 09-26 2019 09-28 2018 09-29 2017 09-30 2016 09-24 Gross margin 46.9% 46.2% 44.1% 43.3% 41.8% 38.2% 37.8% 38.3% 38.5% 39.1% Operating margin 32.0% 31.5% 29.8% 30.3% 29.8% 24.1% 24.6% 26.7% 26.8% 27.8% Net margin 26.9% 24.0% 25.3% 25.3% 25.9% 20.9% 21.2% 22.4% 21.1% 21.2% Return on equity 151.9% 164.6% 156.1% 197.0% 150.1% 87.9% 61.1% 55.6% 36.1% 35.6% Return on assets 31.2% 25.7% 27.5% 28.3% 27.0% 17.7% 16.3% 16.3% 12.9% 14.2% Asset turnover 1.16× 1.07× 1.09× 1.12× 1.04× 0.85× 0.77× 0.73× 0.61× 0.67× Current ratio 0.89× 0.87× 0.99× 0.88× 1.07× 1.36× 1.54× 1.13× 1.28× 1.35× Debt to equity 387.2% 540.9% 467.3% 596.2% 456.4% 395.7% 274.1% 241.3% 180.0% 150.8% Net debt $54.74B $66.72B $75.14B $86.44B $83.78B $69.42B $53.22B $76.61B $83.41B $58.44B Free cash flow $98.77B $108.81B $99.58B $111.44B $92.95B $73.37B $58.9B $64.12B $51.77B $53.5B Cash conversion cycle -71d -76d -68d -71d -56d -61d -63d -84d -73d -71d
Amounts are as filed. An em dash means that line was not reported, not that it is nil; rows marked “computed” and the whole key-ratios table are worked out here from those amounts.
About this record 10 fiscal years from 2016 to 2025, covering 34 statement lines, collected from SEC EDGAR. The most recent was confirmed on 2025-10-31.
Its 31.97% operating margin in the latest fiscal year is at or above 78% of the 45 listed companies collected here, closest to Alphabet 32.03% and Oracle 30.59%.
The fiscal year does not follow the calendar: the most recent one ran from 2024-09-29 to 2025-09-27. Set beside a December-year company it would be two different twelve-month periods compared as one.
This page offers no investment view or forecast about Apple. The amounts are as the company filed them, the ratios follow from those amounts, and no currency is converted.
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