Apple Inc. (AAPL)

Nasdaq: AAPL · Electronic Computers · Cupertino, CA · filing with the SEC since 1994

Grade7.0

◀ Past 8.1● Present 7.2▶ Future 5.6

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Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in September.

Income statement, by fiscal year, newest first
Fiscal year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 26, 2026	Sep 27, 2025	Sep 28, 2024	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021	Sep 26, 2020	Sep 28, 2019	Sep 29, 2018	Sep 30, 2017
Report filed	Nov 3, 2026	Oct 31, 2025	Nov 1, 2024	Nov 3, 2023	Oct 28, 2022	Oct 29, 2021	Oct 30, 2020	Oct 31, 2019	Nov 5, 2018	Nov 3, 2017
Revenue	478,834	416,161	391,035	383,285	394,328	365,817	274,515	260,174	265,595	229,234
Cost of revenue	245,232	220,960	210,352	214,137	223,546	212,981	169,559	161,782	163,756	141,048
Gross profit	233,602	195,201	180,683	169,148	170,782	152,836	104,956	98,392	101,839	88,186
Research and development	45,765	34,550	31,370	29,915	26,251	21,914	18,752	16,217	14,236	11,581
Selling, general and administrative	29,774	27,601	26,097	24,932	25,094	21,973	19,916	18,245	16,705	15,261
Sales and marketing	21,134	19,524	18,639	18,260	·	·	·	·	·	·
General and administrative	8,640	8,077	7,458	6,672	·	·	·	·	·	·
Total operating expenses	75,539	62,151	57,467	54,847	51,345	43,887	38,668	34,462	30,941	26,842
Operating income	158,063	133,050	123,216	114,301	119,437	108,949	66,288	63,930	70,898	61,344
Interest expense	·	·	·	3,933	2,931	2,645	2,873	3,576	3,240	2,323
Interest and investment income	·	·	·	3,750	2,825	2,843	3,763	4,961	5,686	5,201
Other income (expense), net	·	·	·	-382	-228	60	-87	422	-441	-133
Total non-operating income (expense)	1,174	-321	269	-565	-334	258	803	1,807	2,005	2,745
Income before income taxes	159,237	132,729	123,485	113,736	119,103	109,207	67,091	65,737	72,903	64,089
Income tax expense	27,062	20,719	29,749	16,741	19,300	14,527	9,680	10,481	13,372	15,738
Net income	132,175	112,010	93,736	96,995	99,803	94,680	57,411	55,256	59,531	48,351
Earnings per share, basic	9.01	7.49	6.11	6.16	6.15	5.67	3.31	2.99^r	3.00^r	2.3175^b
Earnings per share, diluted	8.98	7.46	6.08	6.13	6.11	5.61	3.28	2.97^r	2.98^r	2.3025^b
Weighted average shares, basic	14,661,935	14,948,500	15,343,783	15,744,231	16,215,963	16,701,272	17,352,119	18,471,336^r	19,821,510^r	20,868,968^b
Weighted average shares, diluted	14,720,306	15,004,697	15,408,095	15,812,547	16,325,819	16,864,919	17,528,214	18,595,651^r	20,000,435^r	21,006,768^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 4-for-1 split of Aug 2020.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterestAndDividend

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton AAPL · research, not advice