Apple Inc. (AAPL) — Financial statements
Income statement, balance sheet, and cash flow for Apple Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 416,161↑6.4% | 391,035↑2.0% | 383,285↓2.8% | 394,328↑7.8% | 365,817 | |
| Cost of Revenue | 220,960↑5.0% | 210,352↓1.8% | 214,137↓4.2% | 223,546↑5.0% | 212,981 | |
| Gross Profit | 195,201↑8.0% | 180,683↑6.8% | 169,148↓1.0% | 170,782↑11.7% | 152,836 | |
| Operating Expenses | ||||||
| R&D Expenses | 34,550↑10.1% | 31,370↑4.9% | 29,915↑14.0% | 26,251↑19.8% | 21,914 | |
| General & Administrative Expenses | 27,601↑270.1% | 7,458 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 18,639 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 27,601↑5.8% | 26,097↑4.7% | 24,932↓0.6% | 25,094↑14.2% | 21,973 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 62,151↑8.2% | 57,467↑4.8% | 54,847↑6.8% | 51,345↑17.0% | 43,887 | |
| Total Costs & Expenses | 283,111↑5.7% | 267,819↓0.4% | 268,984↓2.1% | 274,891↑7.0% | 256,868 | |
| Operating Results | ||||||
| Operating Income | 133,050↑8.0% | 123,216↑7.8% | 114,301↓4.3% | 119,437↑9.6% | 108,949 | |
| Depreciation & Amortization | 11,698↑2.2% | 11,445↓0.6% | 11,519↑3.7% | 11,104↓1.6% | 11,284 | |
| EBITDA | 144,427↑7.0% | 134,930↑4.4% | 129,188↓3.0% | 133,138↑8.1% | 123,136 | |
| EBIT | 132,729↑7.5% | 123,485↑4.9% | 117,669↓3.6% | 122,034↑9.1% | 111,852 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00 | 0.00↑100.0% | -183↓72.6% | -106↓153.5% | 198 | |
| Interest Income | 0.00 | 0.00↓100.0% | 3,750↑32.7% | 2,825↓0.6% | 2,843 | |
| Interest Expense | 0.00 | 0.00↓100.0% | 3,933↑34.2% | 2,931↑10.8% | 2,645 | |
| Non-Operating Income | 321↑219.3% | -269↑92.0% | -3,368↓29.7% | -2,597↑10.5% | -2,903 | |
| Other Income / Expenses | -321↓219.3% | 269↑147.6% | -565↓69.2% | -334↓229.5% | 258 | |
| Income Before Tax | 132,729↑7.5% | 123,485↑8.6% | 113,736↓4.5% | 119,103↑9.1% | 109,207 | |
| Income Tax Expense | 20,719↓30.4% | 29,749↑77.7% | 16,741↓13.3% | 19,300↑32.9% | 14,527 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 112,010↑19.5% | 93,736↓3.4% | 96,995↓2.8% | 99,803↑5.4% | 94,680 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 112,010↑19.5% | 93,736↓3.4% | 96,995↓2.8% | 99,803↑5.4% | 94,680 | |
| Bottom-Line Net Income | 112,010↑19.5% | 93,736↓3.4% | 96,995↓2.8% | 99,803↑5.4% | 94,680 | |
| EPS (Basic) | 7.49↑22.6% | 6.11↓0.8% | 6.16↑0.2% | 6.15↑8.5% | 5.67 | |
| EPS (Diluted) | 7.46↑22.7% | 6.08↓0.8% | 6.13↑0.3% | 6.11↑8.9% | 5.61 | |
| Weighted Average Shares | 14,949↓2.6% | 15,344↓2.5% | 15,744↓2.9% | 16,216↓2.9% | 16,701 | |
| Weighted Average Diluted Shares | 15,005↓2.6% | 15,408↓2.6% | 15,813↓3.1% | 16,326↓3.2% | 16,865 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.