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    Apple Inc (AAPL)

    Financials

    Updated May 3, 2025, 1:18 AM 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 2025Q2 2025
    Net Sales - Products (USD, millions)298,08596,45866,886.0061,564.0069,958.00294,86697,96068,714
    Net Sales - Services (USD, millions)85,20023,11723,867.0024,213.0024,972.0096,16926,34026,645
    Total Net Sales (USD, millions)383,285119,57590,753.0085,777.0094,930.00391,035124,30095,359
    Cost of Sales - Products (USD, millions)189,28258,44042,424.0039,803.0044,566.00185,23359,44744,030
    Cost of Sales - Services (USD, millions)24,8556,2806,058.006,296.006,485.0025,1196,5786,462
    Total Cost of Sales (USD, millions)214,13764,72048,482.0046,099.0051,051.00210,35266,02550,492
    Gross Margin (USD, millions)169,14854,85542,271.0039,678.0043,879.00180,68358,27544,867
    Operating Expenses - Research and Development (USD, millions)29,9157,6967,903.008,006.007,765.0031,3708,2688,550
    Operating Expenses - Selling, General and Administrative (USD, millions)24,9326,7866,468.006,320.006,523.0026,0977,1756,728
    Total Operating Expenses (USD, millions)54,84714,48214,371.0014,326.0014,288.0057,46715,44315,278
    Operating Income (USD, millions)114,30140,37327,900.0025,352.0029,591.00123,21642,83229,589
    Other Income/(Expense), Net (USD, millions)(565)(50)158.00142.0019.00269(248)(279)
    Income Before Provision for Income Taxes (USD, millions)113,73640,32328,058.0025,494.0029,610.00123,48542,58429,310
    Provision for Income Taxes (USD, millions)16,7416,4074,422.004,046.0014,874.0029,7496,2544,530
    Net Income (USD, millions)96,99533,91623,636.0021,448.0093,73636,33024,780
    Earnings per Share - Basic (USD)6.162.191.531.416.111.65
    Earnings per Share - Diluted (USD)6.132.181.531.400.976.082.401.65
    Shares Used in Computing Earnings per Share - Basic (Thousands)15,744,23115,509,763(51,953.00)(56,763.00)(57,264.00)15,343,78315,081,72414,994,082
    Shares Used in Computing Earnings per Share - Diluted (Thousands)15,812,54715,576,641(55,966.00)(57,500.00)(55,080.00)15,408,09515,150,86515,056,133
    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 2025Q2 2025
    Cash and cash equivalents (USD, millions)29,96540,76025,56529,94329,94330,29928,162
    Marketable securities, current (USD, millions)31,59032,34034,45536,23635,22835,22820,336
    Accounts receivable, net (USD, millions)29,50823,19421,83722,79533,41033,41029,63926,136
    Vendor non-trade receivables (USD, millions)31,47726,90819,31320,37732,83332,83329,66723,662
    Inventories (USD, millions)6,3316,5116,2326,1657,2867,2866,9116,269
    Other current assets (USD, millions)14,69513,97913,88414,29714,28714,28713,24814,109
    Total current assets (USD, millions)143,566143,692128,416125,435152,987152,987133,240118,674
    Marketable securities, non-current (USD, millions)100,54499,47595,18791,24091,47991,47987,59384,424
    Property, plant and equipment, net (USD, millions)43,71543,66643,54644,50245,68045,68046,06946,876
    Other non-current assets (USD, millions)64,75866,68170,26270,43574,83474,83477,18381,259
    Total non-current assets (USD, millions)209,017209,822208,995206,177211,993211,993210,845212,559
    Total assets (USD, millions)352,583353,514337,411331,612364,980344,085331,233
    Accounts payable (USD, millions)62,61158,14645,75347,57468,96068,96061,91054,126
    Other current liabilities (USD, millions)58,82954,61157,29860,88978,30478,30461,15161,849
    Deferred revenue (USD, millions)8,0618,2648,0128,0538,2498,2498,4618,976
    Commercial paper (USD, millions)5,9851,9981,9972,9949,9671,9955,982
    Term debt, current (USD, millions)9,82210,95410,76212,11410,91210,91210,84813,638
    Total current liabilities (USD, millions)145,308133,973123,822131,624176,392144,365144,571
    Term debt, non-current (USD, millions)95,28195,08891,83186,19685,75085,75083,95678,566
    Other non-current liabilities (USD, millions)49,84850,35347,56447,08445,88845,88849,00641,300
    Total non-current liabilities (USD, millions)145,129145,441139,395133,280131,638131,638132,962119,866
    Total liabilities (USD, millions)290,437279,414263,217264,904308,030308,030277,327264,437
    Common stock and additional paid-in capital (USD, millions)73,81275,23678,81579,85083,27683,27684,76888,711
    Accumulated deficit (USD, millions)(214)8,2424,339(4,726)(19,154)(19,154)(11,221)(15,552)
    Accumulated other comprehensive loss (USD, millions)(11,452)(9,378)(8,960)(8,416)(7,172)(7,172)(6,789)(6,363)
    Total shareholders’ equity (USD, millions)62,14674,10074,19466,70856,95056,95066,75866,796
    Total liabilities and shareholders’ equity (USD, millions)352,583353,514337,411331,612364,980364,980344,085331,233
    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 2025Q2 2025
    Net income (USD, millions)96,99533,91623,636.0021,448.0014,736.0093,73636,33024,780.00
    Depreciation and amortization (USD, millions)11,5192,8482,836.002,850.002,911.0011,4453,0802,661.00
    Share-based compensation expense (USD, millions)10,8332,9972,964.002,869.002,858.0011,6883,2863,226.00
    Other, Adjustments to reconcile net income to cash generated by operating activities (USD, millions)(2,227)(989)(982.00)7.00(302.00)(2,266)(2,009)(208.00)
    Accounts receivable, net, Changes in operating assets and liabilities (USD, millions)(1,688)6,5551,172.00(10,485.00)(3,788)3,5973,669.00
    Vendor non-trade receivables, Changes in operating assets and liabilities (USD, millions)1,2714,5697,595.00(1,064.00)(12,456.00)(1,356)3,1666,005.00
    Inventories, Changes in operating assets and liabilities (USD, millions)(1,618)(137)190.00(12.00)(1,087.00)(1,046)215643.00
    Other current and non-current assets, Changes in operating assets and liabilities (USD, millions)(5,684)(1,457)(2,981.00)(1,188.00)(6,105.00)(11,731)939(5,310.00)
    Accounts payable, Changes in operating assets and liabilities (USD, millions)(1,889)(4,542)(12,168.00)1,539.006,020(6,671)(7,933.00)
    Other current and non-current liabilities, Changes in operating assets and liabilities (USD, millions)3,031(3,865)428.003,439.0015,550.0015,552(11,998)(3,581.00)
    Cash generated by operating activities (USD, millions)110,54339,89528,858.0026,811.00118,25429,93523,952.00
    Purchases of marketable securities (USD, millions)(29,513)(9,780)(15,262.00)(13,032.00)(10,582.00)(48,656)(6,124)(6,318.00)
    Proceeds from maturities of marketable securities (USD, millions)39,68613,04614,416.0012,376.0011,373.0051,21115,96710,620.00
    Proceeds from sales of marketable securities (USD, millions)5,8281,3372,977.003,068.003,753.0011,1353,4921,718.00
    Payments for acquisition of property, plant and equipment (USD, millions)(10,959)(2,392)(1,996.00)(2,151.00)(2,908.00)(9,447)(2,940)(3,071.00)
    Other, Investing activities (USD, millions)(1,337)(284)(445.00)(388.00)(191.00)(1,308)(603)(32.00)
    Cash generated by investing activities (USD, millions)3,7051,927(310.00)(127.00)1,445.002,9352,917.00
    Payments for taxes related to net share settlement of equity awards (USD, millions)(5,431)(2,591)(284.00)(2,288.00)(278.00)(5,441)(2,921)(284.00)
    Payments for dividends and dividend equivalents (USD, millions)(15,025)(3,825)(3,710.00)(3,895.00)(3,804.00)(15,234)(3,856)(3,758.00)
    Repurchases of common stock (USD, millions)(77,550)(20,139)(23,205.00)(26,522.00)(25,083.00)(94,949)(23,606)(25,898.00)
    Repayments of term debt (USD, millions)(11,151)--(4,250.00)(2,558.00)(9,958)(1,009)(3,000.00)
    Repayments of commercial paper, net (USD, millions)(3,978)(3,984)2.00997.006,945.003,960(7,944)3,976.00
    Other, Financing activities (USD, millions)(581)(46)(86.00)(59.00)(170.00)(361)(35)(42.00)
    Cash used in financing activities (USD, millions)(108,488)(30,585)(30,433.00)(36,017.00)(24,948.00)(121,983)(39,371)(29,006.00)
    Increase/(Decrease) in cash, cash equivalents, and restricted cash and cash equivalents (USD, millions)5,76011,237(8,053.00)(7,286.00)3,308.00(794)356(2,137.00)
    Cash paid for income taxes, net, Supplemental cash flow disclosure (USD, millions)18,6797,2557,276.004,699.006,872.0026,10218,65113,032.00
    Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances (USD, millions)24,97730,73730,73730,73730,73730,73729,94329,943
    Cash, cash equivalents, and restricted cash and cash equivalents, ending balances (USD, millions)30,73741,97433,92126,63529,94329,94330,29928,162
    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 2025Q2 2025
    iPhone200,58369,70245,96339,29646,222201,18369,138-
    Mac29,3577,7807,4517,0097,74429,9848,987-
    iPad28,3007,0235,5597,1626,9526,6948,088-
    Wearables, Home and Accessories39,84511,9537,9138,0979,04237,00511,747-
    Services85,20023,11723,86724,21324,97296,16926,340-
    Other Products--------
    - iPod--------
    - Accessories--------
    Total Revenue383,285119,57590,75385,77794,93391,035124,300-
    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 2025Q2 2025
    Americas162,56050,43037,27337,67841,664167,04552,648-
    Europe94,29430,39724,12321,88424,924101,32833,861-
    Greater China72,55920,81916,37214,72815,03366,95218,513-
    Japan24,2577,7676,2625,0975,92625,0528,987-
    Rest of Asia Pacific29,61510,1626,7236,3907,38330,65810,291-
    Retail--------
    Total Revenue383,285119,57590,75385,77794,93391,035124,300-