Apple Inc. (AAPL) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 46.9% | 32.0% | 26.9% |
| 2024 | 46.2% | 31.5% | 24.0% |
| 2023 | 44.1% | 29.8% | 25.3% |
| 2022 | 43.3% | 30.3% | 25.3% |
| 2021 | 41.8% | 29.8% | 25.9% |
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Apple Inc. (AAPL) Earnings Overview
As of March 1, 2026, Apple Inc. (AAPL) reported trailing twelve-month net income of $117.78B, reflecting +0.2% year-over-year growth. The company earned $7.95 per diluted share over the past four quarters, with a net profit margin of 0.3%.
Looking at the long-term picture, AAPL's 5-year EPS compound annual growth rate (CAGR) stands at +17.9%, indicating exceptional earnings growth. The company achieved its highest annual net income of $112.01B in fiscal 2025, representing a new all-time high.
Apple Inc. maintains positive profitability with a gross margin of 0.5%, operating margin of 0.3%, and net margin of 0.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including FOXX (-$10M net income, -0.1% margin), WTO (-$256M net income, -2.7% margin), AAPL has outperformed on profitability metrics. Compare AAPL vs FOXX →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
AAPLCurrent | $117.8B | $7.95 | 0.3% | 1.7% | +0.2% | — |
FOXX | -$10M | $-1.42 | -0.1% | - | -2.1% | |
WTO | -$256M | $-7748.23 | -2.7% | -6.0% | -10.0% |
Historical Data
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $112.01B | +19.5% | $133.05B | $7.46 | 26.9% | 32.0% |
| 2024 | $93.74B | -3.4% | $123.22B | $6.08 | 24.0% | 31.5% |
| 2023 | $97.00B | -2.8% | $114.30B | $6.13 | 25.3% | 29.8% |
| 2022 | $99.80B | +5.4% | $119.44B | $6.11 | 25.3% | 30.3% |
| 2021 | $94.68B | +64.9% | $108.95B | $5.61 | 25.9% | 29.8% |
| 2020 | $57.41B | +3.9% | $66.29B | $3.28 | 20.9% | 24.1% |
| 2019 | $55.26B | -7.2% | $63.93B | $2.97 | 21.2% | 24.6% |
| 2018 | $59.53B | +23.1% | $70.90B | $2.98 | 22.4% | 26.7% |
| 2017 | $48.35B | +5.8% | $61.34B | $2.30 | 21.1% | 26.8% |
| 2016 | $45.69B | -14.4% | $60.02B | $2.08 | 21.2% | 27.8% |
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Start ComparisonFrequently Asked Questions
Is AAPL growing earnings?
AAPL EPS of $7.95 reflects slowing growth at +0.2%, below the 5-year CAGR of +17.9%. TTM net income is $117.8B. Expansion rate has moderated.
What are AAPL's profit margins?
Apple Inc. net margin is +0.3%, with operating margin at +0.3%. Below-average margins reflect competitive or cost pressures.
How consistent are AAPL's earnings?
AAPL earnings data spans 1989-2025. The current earnings trend is +0.2% YoY. Historical data enables comparison across business cycles.