Apple Inc. Income Statement
AAPL / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Apple Inc. reported $416.2B in revenue and $112.0B in net income for FY2025. Revenue has grown at a 10.1% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
- Strong profit margin: 26.9%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $416.2B | $391.0B | $383.3B | $394.3B | $365.8B | $274.5B | $260.2B | $265.6B | $229.2B | $215.6B | $233.7B | $182.8B | $170.9B | $156.5B | $108.2B |
| Cost of Revenue | $221.0B | $210.4B | $214.1B | $223.5B | $213.0B | $169.6B | $161.8B | $163.8B | $141.0B | $131.4B | $140.1B | $112.3B | $106.6B | $87.8B | $64.4B |
| Gross Profit | $195.2B | $180.7B | $169.1B | $170.8B | $152.8B | $105.0B | $98.4B | $101.8B | $88.2B | $84.3B | $93.6B | $70.5B | $64.3B | $68.7B | $43.8B |
| SG&A Expense | $27.6B | $26.1B | $24.9B | $25.1B | $22.0B | $19.9B | $18.2B | $16.7B | $15.3B | $14.2B | $14.3B | $12.0B | $10.8B | $10.0B | $7.6B |
| R&D Expense | $34.5B | $31.4B | $29.9B | $26.3B | $21.9B | $18.8B | $16.2B | $14.2B | $11.6B | $10.0B | $8.1B | $6.0B | $4.5B | $3.4B | $2.4B |
| Operating Income | $133.1B | $123.2B | $114.3B | $119.4B | $108.9B | $66.3B | $63.9B | $70.9B | $61.3B | $60.0B | $71.2B | $52.5B | $49.0B | $55.2B | $33.8B |
| Interest Expense | - | - | $3.9B | $2.9B | $2.6B | $2.9B | $3.6B | $3.2B | $2.3B | $1.5B | $733.0M | $384.0M | $136.0M | $0 | $0 |
| Income Tax | $20.7B | $29.7B | $16.7B | $19.3B | $14.5B | $9.7B | $10.5B | $13.4B | $15.7B | $15.7B | $19.1B | $14.0B | $13.1B | $14.0B | $8.3B |
| Net Income | $112.0B | $93.7B | $97.0B | $99.8B | $94.7B | $57.4B | $55.3B | $59.5B | $48.4B | $45.7B | $53.4B | $39.5B | $37.0B | $41.7B | $25.9B |
| EPS (Basic) | $6.16 | $6.15 | $5.67 | $3.31 | $2.99 | $3.00 | $9.27 | $8.35 | $9.28 | $6.49 | $5.72 | $6.38 | $28.05 | $15.41 | $9.22 |
| EPS (Diluted) | $6.13 | $6.11 | $5.61 | $3.28 | $2.97 | $2.98 | $9.21 | $8.31 | $9.22 | $6.45 | $5.68 | $6.31 | $27.68 | $15.15 | $9.08 |
| Shares Outstanding | 15.1B | 15.6B | 15.9B | 16.4B | 17.0B | 17.8B | 4.8B | 5.1B | 5.3B | 5.6B | 5.9B | 6.3B | 939.2M | 929.3M | 916.0M |
| Gross Margin | 46.9% | 46.2% | 44.1% | 43.3% | 41.8% | 38.2% | 37.8% | 38.3% | 38.5% | 39.1% | 40.1% | 38.6% | 37.6% | 43.9% | 40.5% |
| Operating Margin | 32.0% | 31.5% | 29.8% | 30.3% | 29.8% | 24.1% | 24.6% | 26.7% | 26.8% | 27.8% | 30.5% | 28.7% | 28.7% | 35.3% | 31.2% |
| Profit Margin | 26.9% | 24.0% | 25.3% | 25.3% | 25.9% | 20.9% | 21.2% | 22.4% | 21.1% | 21.2% | 22.9% | 21.6% | 21.7% | 26.7% | 23.9% |