Apple Inc. (AAPL) Financial Statements

Apple Inc.

AAPL · NASDAQ-GS

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$416.16B	$391.04B	$383.29B	$394.33B	$365.82B	$274.51B	$260.17B	$265.60B
Cost of Revenue	$220.96B	$210.35B	$214.14B	$223.55B	$212.98B	$169.56B	$161.78B	$163.76B
Gross Profit	$195.20B	$180.68B	$169.15B	$170.78B	$152.84B	$104.96B	$98.39B	$101.84B
Research & Development	$34.55B	$31.37B	$29.91B	$26.25B	$21.91B	$18.75B	$16.22B	$14.24B
Selling, General & Administrative	$27.60B	$26.10B	$24.93B	$25.09B	$21.97B	$19.92B	$18.25B	$16.70B
Operating Expenses	$62.15B	$57.47B	$54.85B	$51.34B	$43.89B	$38.67B	$34.46B	$30.94B
Operating Income	$133.05B	$123.22B	$114.30B	$119.44B	$108.95B	$66.29B	$63.93B	$70.90B
Interest Expense	—	—	$3.93B	$2.93B	$2.65B	$2.87B	$3.58B	$3.24B
Other Income / (Expense)	-$321.00M	$269.00M	-$565.00M	-$334.00M	$258.00M	$803.00M	$1.81B	$2.00B
Income Before Taxes	$132.73B	$123.48B	$113.74B	$119.10B	$109.21B	$67.09B	$65.74B	$72.90B
Provision for Income Taxes	$20.72B	$29.75B	$16.74B	$19.30B	$14.53B	$9.68B	$10.48B	$13.37B
Net Income	$112.01B	$93.74B	$97.00B	$99.80B	$94.68B	$57.41B	$55.26B	$59.53B
Basic EPS	$7.49	$6.11	$6.16	$6.15	$5.67	$3.31	$2.99	$3.00
Diluted EPS	$7.46	$6.08	$6.13	$6.11	$5.61	$3.28	$2.97	$2.98
Basic Shares Outstanding	14.95B	15.34B	15.74B	16.22B	16.70B	17.35B	18.47B	19.82B
Diluted Shares Outstanding	15.00B	15.41B	15.81B	16.33B	16.86B	17.53B	18.60B	20.00B

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Sep 2026	$8.74	$8.73	$8.77	6	↑2 ↓4
Sep 2027	$9.52	$9.01	$10.15	13	↑4 ↓7
Sep 2028	$10.88	$10.35	$11.46	3	↑0 ↓3
Sep 2029	$12.97	$12.97	$12.97	1	↑0 ↓1

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: AAPL
Type: Stock
Sector: Technology
Industry: Computer Manufacturing
Country: North America
Exchange: NASDAQ-GS

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple's six software platforms - iOS, iPadOS, macOS, watchOS, visionOS, and tvOS - provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple's more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

Key Issues

Bullish view

iPhone revenue exceeded analysts’ estimates, and reported commentary cited 22% iPhone sales growth in the fiscal third quarter. That momentum could help absorb near-term supply and component-cost pressure.

Bearish view

Management’s forward guidance was described as disappointing and included supply constraints and significantly increasing component costs. GF Securities cited guidance for about 10% sales growth when downgrading Apple to Hold.

Analyst Consensus

See all

Hold

29 analysts

1 Bearish2 Neutral0 Bullish

$309

Current

$290

Low

$330

Average

$360

High

Average target implies +6.93% versus the current price.

Earnings History

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Apple Inc.

Analyst Estimates

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