Apple (AAPL) Income Statement: Revenue & Earnings

Apple Income Statement Analysis

Revenue, earnings, and profit margins in billions USD

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Apple Inc. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018
Revenue & Gross Profit
Revenue	416.16	391.04	383.29	394.33	365.82	274.52	260.17	265.60
Cost of Revenue	220.96	210.35	214.14	223.55	212.98	169.56	161.78	163.76
Gross Profit	195.20	180.68	169.15	170.78	152.84	104.96	98.39	101.84
Operating Expenses
Research & Development	34.55	31.37	29.92	26.25	21.91	18.75	16.22	14.24
Selling, General & Administrative	27.60	26.10	24.93	25.09	21.97	19.92	18.25	16.71
Operating Expenses	62.15	57.47	54.85	51.35	43.89	38.67	34.46	30.94
Operating Income	133.05	123.22	114.30	119.44	108.95	66.29	63.93	70.90
Other Income/Expense
Interest Income	0.00	0.00	3.75	2.83	2.84	0.00	4.96	5.69
Interest Expense	0.00	0.00	3.93	2.93	-2.65	0.00	3.58	3.24
Other Income/Expense	-0.32	-0.27	-0.57	-0.23	-0.26	-0.80	0.42	-0.44
Income
Income Before Tax	132.73	123.49	113.74	119.10	109.21	67.09	65.74	72.90
Income Tax Expense	20.72	29.75	16.74	19.30	14.53	9.68	10.48	13.37
Net Income	112.01	93.74	97.00	99.80	94.68	57.41	55.26	59.53
Net Income - Continuous Operations	112.01	93.74	97.00	99.80	0.00	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	144.43	134.93	125.82	133.14	125.74	81.02	81.86	87.05
EBIT	133.05	123.49	114.30	122.03	114.45	69.96	69.31	76.14
Depreciation & Amortization	11.70	8.20	11.52	8.70	9.50	9.70	0.00	0.00
Earnings Per Share
Basic EPS	7.00	6.00	6.00	6.00	6.00	3.00	3.00	3.00
Diluted EPS	7.00	6.00	6.00	6.00	6.00	3.00	3.00	3.00
Basic Shares Outstanding	14.95	15.34	15.74	16.22	16.70	17.35	18.47	19.82
Diluted Shares Outstanding	15.00	15.41	15.81	16.33	16.86	17.53	18.60	20.00