Apple Inc. (AAPL) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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AAPL EPS Growth (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.
AAPL 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 May 6, 2026, Apple Inc. (AAPL) reported trailing twelve-month net income of $122.58B, reflecting +22.7% year-over-year growth. The company earned $8.30 per diluted share over the past four quarters, with a net profit margin of 26.9%.
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 industry-leading profitability with a gross margin of 46.9%, operating margin of 32.0%, and net margin of 26.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MSFT ($125.22B net income, 36.1% margin), GOOGL ($160.21B net income, 32.8% margin), AMZN ($90.80B net income, 10.8% margin), AAPL has room to improve margins relative to the peer group. Compare AAPL vs MSFT →
AAPL Earnings vs Peers
Earnings metrics vs comparable public companies
AAPL Historical Earnings Data (1989–2025)
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% |
Full AAPL Stock Analysis
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Start ComparisonAAPL — Frequently Asked Questions
Quick answers to the most common questions about buying AAPL stock.
Is AAPL growing earnings?
AAPL EPS is $8.30, with earnings growth accelerating to +22.7%. This exceeds the 5-year CAGR of +17.9%. TTM net income reached $122.6B.
What are AAPL's profit margins?
Apple Inc. net margin is +26.9%, with operating margin at +32.0%. Above-average margins indicate pricing power.
How consistent are AAPL's earnings?
AAPL earnings data spans 1989-2025. The accelerating earnings trend is +22.7% YoY. Historical data enables comparison across business cycles.