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    Apple Inc (AAPL)

    Financials

    Updated May 21, 2025, 7:35 PM UTC
    Income Statement - MetricQ1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net Sales - Products (USD, millions)67,184.00298,08596,45866,886.0061,564.0069,958.00294,86697,960
    Net Sales - Services (USD, millions)22,314.0085,20023,11723,867.0024,213.0024,972.0096,16926,340
    Total Net Sales (USD, millions)89,498.00383,285119,57590,753.0085,777.0094,930.00391,035124,300
    Cost of Sales - Products (USD, millions)42,586.00189,28258,44042,424.0039,803.0044,566.00185,23359,447
    Cost of Sales - Services (USD, millions)6,485.0024,8556,2806,058.006,296.006,485.0025,1196,578
    Total Cost of Sales (USD, millions)49,071.00214,13764,72048,482.0046,099.0051,051.00210,35266,025
    Gross Margin (USD, millions)40,427.00169,14854,85542,271.0039,678.0043,879.00180,68358,275
    Operating Expenses - Research and Development (USD, millions)7,307.0029,9157,6967,903.008,006.007,765.0031,3708,268
    Operating Expenses - Selling, General and Administrative (USD, millions)6,151.0024,9326,7866,468.006,320.006,523.0026,0977,175
    Total Operating Expenses (USD, millions)13,458.0054,84714,48214,371.0014,326.0014,288.0057,46715,443
    Operating Income (USD, millions)26,969.00114,30140,37327,900.0025,352.0029,591.00123,21642,832
    Other Income/(Expense), Net (USD, millions)29.00(565)(50)158.00142.0019.00269(248)
    Income Before Provision for Income Taxes (USD, millions)26,998.00113,73640,32328,058.0025,494.0029,610.00123,48542,584
    Provision for Income Taxes (USD, millions)4,042.0016,7416,4074,422.004,046.0014,874.0029,7496,254
    Net Income (USD, millions)22,956.0096,99533,91623,636.0021,448.0093,73636,330
    Earnings per Share - Basic (USD)1.476.162.191.531.416.11
    Earnings per Share - Diluted (USD)1.466.132.181.531.400.976.082.40
    Shares Used in Computing Earnings per Share - Basic (Thousands)(48,266.00)15,744,23115,509,763(51,953.00)(56,763.00)(57,264.00)15,343,78315,081,724
    Shares Used in Computing Earnings per Share - Diluted (Thousands)(46,716.00)15,812,54715,576,641(55,966.00)(57,500.00)(55,080.00)15,408,09515,150,865
    Balance Sheet - MetricQ1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, millions)29,96529,96540,76025,56529,94329,94330,299
    Marketable securities, current (USD, millions)31,59031,59032,34034,45536,23635,22835,228
    Accounts receivable, net (USD, millions)29,50829,50823,19421,83722,79533,41033,41029,639
    Vendor non-trade receivables (USD, millions)31,47731,47726,90819,31320,37732,83332,83329,667
    Inventories (USD, millions)6,3316,3316,5116,2326,1657,2867,2866,911
    Other current assets (USD, millions)14,69514,69513,97913,88414,29714,28714,28713,248
    Total current assets (USD, millions)143,566143,566143,692128,416125,435152,987152,987133,240
    Marketable securities, non-current (USD, millions)100,544100,54499,47595,18791,24091,47991,47987,593
    Property, plant and equipment, net (USD, millions)43,71543,71543,66643,54644,50245,68045,68046,069
    Other non-current assets (USD, millions)64,75864,75866,68170,26270,43574,83474,83477,183
    Total non-current assets (USD, millions)209,017209,017209,822208,995206,177211,993211,993210,845
    Total assets (USD, millions)352,583352,583353,514337,411331,612364,980344,085
    Accounts payable (USD, millions)62,61162,61158,14645,75347,57468,96068,96061,910
    Other current liabilities (USD, millions)58,82958,82954,61157,29860,88978,30478,30461,151
    Deferred revenue (USD, millions)8,0618,0618,2648,0128,0538,2498,2498,461
    Commercial paper (USD, millions)5,9855,9851,9981,9972,9949,9671,995
    Term debt, current (USD, millions)9,8229,82210,95410,76212,11410,91210,91210,848
    Total current liabilities (USD, millions)145,308145,308133,973123,822131,624176,392144,365
    Term debt, non-current (USD, millions)95,28195,28195,08891,83186,19685,75085,75083,956
    Other non-current liabilities (USD, millions)49,84849,84850,35347,56447,08445,88845,88849,006
    Total non-current liabilities (USD, millions)145,129145,129145,441139,395133,280131,638131,638132,962
    Total liabilities (USD, millions)290,437290,437279,414263,217264,904308,030308,030277,327
    Common stock and additional paid-in capital (USD, millions)73,81273,81275,23678,81579,85083,27683,27684,768
    Accumulated deficit (USD, millions)(214)(214)8,2424,339(4,726)(19,154)(19,154)(11,221)
    Accumulated other comprehensive loss (USD, millions)(11,452)(11,452)(9,378)(8,960)(8,416)(7,172)(7,172)(6,789)
    Total shareholders’ equity (USD, millions)62,14662,14674,10074,19466,70856,95056,95066,758
    Total liabilities and shareholders’ equity (USD, millions)352,583352,583353,514337,411331,612364,980364,980344,085
    Cash Flow - MetricQ1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net income (USD, millions)22,956.0096,99533,91623,636.0021,448.0014,736.0093,73636,330
    Depreciation and amortization (USD, millions)2,653.0011,5192,8482,836.002,850.002,911.0011,4453,080
    Share-based compensation expense (USD, millions)2,625.0010,8332,9972,964.002,869.002,858.0011,6883,286
    Other, Adjustments to reconcile net income to cash generated by operating activities (USD, millions)(576.00)(2,227)(989)(982.00)7.00(302.00)(2,266)(2,009)
    Accounts receivable, net, Changes in operating assets and liabilities (USD, millions)(9,297.00)(1,688)6,5551,172.00(10,485.00)(3,788)3,597
    Vendor non-trade receivables, Changes in operating assets and liabilities (USD, millions)(11,840.00)1,2714,5697,595.00(1,064.00)(12,456.00)(1,356)3,166
    Inventories, Changes in operating assets and liabilities (USD, millions)952.00(1,618)(137)190.00(12.00)(1,087.00)(1,046)215
    Other current and non-current assets, Changes in operating assets and liabilities (USD, millions)(821.00)(5,684)(1,457)(2,981.00)(1,188.00)(6,105.00)(11,731)939
    Accounts payable, Changes in operating assets and liabilities (USD, millions)14,901.00(1,889)(4,542)(12,168.00)1,539.006,020(6,671)
    Other current and non-current liabilities, Changes in operating assets and liabilities (USD, millions)45.003,031(3,865)428.003,439.0015,550.0015,552(11,998)
    Cash generated by operating activities (USD, millions)21,598.00110,54339,89528,858.0026,811.00118,25429,935
    Purchases of marketable securities (USD, millions)(8,557.00)(29,513)(9,780)(15,262.00)(13,032.00)(10,582.00)(48,656)(6,124)
    Proceeds from maturities of marketable securities (USD, millions)11,829.0039,68613,04614,416.0012,376.0011,373.0051,21115,967
    Proceeds from sales of marketable securities (USD, millions)1,869.005,8281,3372,977.003,068.003,753.0011,1353,492
    Payments for acquisition of property, plant and equipment (USD, millions)(2,163.00)(10,959)(2,392)(1,996.00)(2,151.00)(2,908.00)(9,447)(2,940)
    Other, Investing activities (USD, millions)(584.00)(1,337)(284)(445.00)(388.00)(191.00)(1,308)(603)
    Cash generated by investing activities (USD, millions)2,394.003,7051,927(310.00)(127.00)1,445.002,935
    Payments for taxes related to net share settlement of equity awards (USD, millions)(312.00)(5,431)(2,591)(284.00)(2,288.00)(278.00)(5,441)(2,921)
    Payments for dividends and dividend equivalents (USD, millions)(3,758.00)(15,025)(3,825)(3,710.00)(3,895.00)(3,804.00)(15,234)(3,856)
    Repurchases of common stock (USD, millions)(21,003.00)(77,550)(20,139)(23,205.00)(26,522.00)(25,083.00)(94,949)(23,606)
    Repayments of term debt (USD, millions)0.00(11,151)--(4,250.00)(2,558.00)(9,958)(1,009)
    Repayments of commercial paper, net (USD, millions)1,993.00(3,978)(3,984)2.00997.006,945.003,960(7,944)
    Other, Financing activities (USD, millions)(73.00)(581)(46)(86.00)(59.00)(170.00)(361)(35)
    Cash used in financing activities (USD, millions)(23,153.00)(108,488)(30,585)(30,433.00)(36,017.00)(24,948.00)(121,983)(39,371)
    Increase/(Decrease) in cash, cash equivalents, and restricted cash and cash equivalents (USD, millions)839.005,76011,237(8,053.00)(7,286.00)3,308.00(794)356
    Cash paid for income taxes, net, Supplemental cash flow disclosure (USD, millions)11,659.0018,6797,2557,276.004,699.006,872.0026,10218,651
    Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances (USD, millions)24,97724,97730,73730,73730,73730,73730,73729,943
    Cash, cash equivalents, and restricted cash and cash equivalents, ending balances (USD, millions)30,73730,73741,97433,92126,63529,94329,94330,299
    Revenue by Segment - in Millions of USDQ1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    iPhone43,805200,58369,70245,96339,29646,222201,18369,138
    Mac7,61429,3577,7807,4517,0097,74429,9848,987
    iPad6,44328,3007,0235,5597,1626,9526,6948,088
    Wearables, Home and Accessories9,32239,84511,9537,9138,0979,04237,00511,747
    Services22,31485,20023,11723,86724,21324,97296,16926,340
    Other Products--------
    - iPod--------
    - Accessories--------
    Total Revenue89,498383,285119,57590,75385,77794,93391,035124,300
    Revenue by Geography - in Millions of USDQ1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Americas40,115162,56050,43037,27337,67841,664167,04552,648
    Europe22,46394,29430,39724,12321,88424,924101,32833,861
    Greater China15,08472,55920,81916,37214,72815,03366,95218,513
    Japan5,50524,2577,7676,2625,0975,92625,0528,987
    Rest of Asia Pacific6,33129,61510,1626,7236,3907,38330,65810,291
    Retail--------
    Total Revenue89,498383,285119,57590,75385,77794,93391,035124,300