Apple Inc. (AAPL) income statement
NASDAQ · Technology · Consumer Electronics · 166,000 employees · CEO John Ternus
- Price
- $344.63 -1.23%
- Market cap
- $5.03T
- Enterprise value
- $5.07T
- Last report
- Q3 '26 filed 2026-07-31
- Next report
- 2026-11-02 EPS est. $1.99
Apple Inc. (AAPL) reported revenue of $109B for Q3 '26 (+16.4% year on year), operating income of $35.7B (32.6% of revenue) and net income of $29.8B. Over the last four quarters revenue was $467B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $89.5B | $120B | $90.8B | $85.8B | $94.9B | $124B | $95.4B | $94B | $102B | $144B | $111B | $109B | |
| Cost of revenue | $49.1B | $64.7B | $48.5B | $46.1B | $51.1B | $66B | $50.5B | $50.3B | $54.1B | $74.5B | $56.4B | $54.6B | |
| Gross profit | $40.4B | $54.9B | $42.3B | $39.7B | $43.9B | $58.3B | $44.9B | $43.7B | $48.3B | $69.2B | $54.8B | $54.8B | |
| Research & development | $7.31B | $7.7B | $7.9B | $8.01B | $7.77B | $8.27B | $8.55B | $8.87B | $8.87B | $10.9B | $11.4B | $11.7B | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $5.1B | $0 | $0 | $0 | $5.4B | $5.2B | $5.03B | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $2.07B | $0 | $0 | $0 | $2.1B | $2.28B | $2.31B | |
| Operating expenses | $13.5B | $14.5B | $14.4B | $14.3B | $14.3B | $15.4B | $15.3B | $15.5B | $15.9B | $18.4B | $18.9B | $19.1B | |
| Operating income | $27B | $40.4B | $27.9B | $25.4B | $29.6B | $42.8B | $29.6B | $28.2B | $32.4B | $50.9B | $35.9B | $35.7B | |
| Interest income | $984M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $1B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$1.03B | $50M | -$158M | -$142M | -$19M | $248M | $279M | $171M | -$377M | -$150M | $52M | -$572M | |
| Total non-operating income | $29M | -$50M | $158M | $142M | $19M | -$248M | -$279M | -$171M | $377M | $150M | -$52M | $572M | |
| Income before tax | $27B | $40.3B | $28.1B | $25.5B | $29.6B | $42.6B | $29.3B | $28B | $32.8B | $51B | $35.8B | $36.3B | |
| Income tax | $4.04B | $6.41B | $4.42B | $4.05B | $14.9B | $6.25B | $4.53B | $4.6B | $5.34B | $8.91B | $6.26B | $6.48B | |
| Net income | $23B | $33.9B | $23.6B | $21.4B | $14.7B | $36.3B | $24.8B | $23.4B | $27.5B | $42.1B | $29.6B | $29.8B | |
| EPS (basic) | $1.47 | $2.19 | $1.53 | $1.40 | $0.97 | $2.41 | $1.65 | $1.57 | $1.85 | $2.85 | $2.02 | $2.03 | |
| EPS (diluted) | $1.46 | $2.18 | $1.53 | $1.40 | $0.97 | $2.40 | $1.65 | $1.57 | $1.85 | $2.84 | $2.01 | $2.02 | |
| Shares (basic, weighted) | 15.6B | 15.5B | 15.4B | 15.3B | 15.2B | 15.1B | 15B | 14.9B | 14.8B | 14.7B | 14.7B | 14.7B | |
| Shares (diluted, weighted) | 15.7B | 15.6B | 15.5B | 15.3B | 15.2B | 15.2B | 15.1B | 14.9B | 14.9B | 14.8B | 14.7B | 14.7B | |
| Depreciation & amortization | $2.65B | $2.85B | $2.84B | $2.85B | $2.91B | $3.08B | $2.66B | $2.83B | $3.13B | $3.21B | $3.44B | $3.32B | |
| EBITDA | $30.7B | $43.2B | $30.9B | $28.3B | $32.5B | $45.7B | $32B | $30.9B | $35.9B | $54.2B | $39.3B | $39.6B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $216B | $229B | $266B | $260B | $275B | $366B | $394B | $383B | $391B | $416B | |
| Cost of revenue | $131B | $141B | $164B | $162B | $170B | $213B | $224B | $214B | $210B | $221B | |
| Gross profit | $84.3B | $88.2B | $102B | $98.4B | $105B | $153B | $171B | $169B | $181B | $195B | |
| Research & development | $10B | $11.6B | $14.2B | $16.2B | $18.8B | $21.9B | $26.3B | $29.9B | $31.4B | $34.6B | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18.6B | $19.5B | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.46B | $8.08B | |
| Operating expenses | $24.2B | $26.8B | $30.9B | $34.5B | $38.7B | $43.9B | $51.3B | $54.8B | $57.5B | $62.2B | |
| Operating income | $60B | $61.3B | $70.9B | $63.9B | $66.3B | $109B | $119B | $114B | $123B | $133B | |
| Interest income | $4B | $5.2B | $5.69B | $4.96B | $3.76B | $2.84B | $2.83B | $3.75B | $0 | $0 | |
| Interest expense | $1.46B | $2.32B | $3.24B | $3.58B | $2.87B | $2.65B | $2.93B | $3.93B | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$2.8B | -$5.07B | -$5.25B | -$5.38B | -$3.68B | -$2.9B | -$2.6B | -$3.37B | -$269M | $321M | |
| Total non-operating income | $1.35B | $2.75B | $2.01B | $1.81B | $803M | $258M | -$334M | -$565M | $269M | -$321M | |
| Income before tax | $61.4B | $64.1B | $72.9B | $65.7B | $67.1B | $109B | $119B | $114B | $123B | $133B | |
| Income tax | $15.7B | $15.7B | $13.4B | $10.5B | $9.68B | $14.5B | $19.3B | $16.7B | $29.7B | $20.7B | |
| Net income | $45.7B | $48.4B | $59.5B | $55.3B | $57.4B | $94.7B | $99.8B | $97B | $93.7B | $112B | |
| EPS (basic) | $2.09 | $2.32 | $3.00 | $2.99 | $3.31 | $5.67 | $6.15 | $6.16 | $6.11 | $7.49 | |
| EPS (diluted) | $2.08 | $2.30 | $2.98 | $2.97 | $3.28 | $5.61 | $6.11 | $6.13 | $6.08 | $7.46 | |
| Shares (basic, weighted) | 21.9B | 20.9B | 19.8B | 18.5B | 17.4B | 16.7B | 16.2B | 15.7B | 15.3B | 14.9B | |
| Shares (diluted, weighted) | 22B | 21B | 20B | 18.6B | 17.5B | 16.9B | 16.3B | 15.8B | 15.4B | 15B | |
| Depreciation & amortization | $10.5B | $10.2B | $10.9B | $12.5B | $11.1B | $11.3B | $11.1B | $11.5B | $11.4B | $11.7B | |
| EBITDA | $73.3B | $76.6B | $87B | $81.9B | $81B | $123B | $133B | $129B | $135B | $144B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-27, 10-Q 2026-03-28, 10-Q 2025-12-27, 10-K 2025-09-27, 10-Q 2025-06-28, 10-Q 2025-03-29, 10-Q 2024-12-28, 10-K 2024-09-28, 10-Q 2024-06-29
Data as of 2026-11-01