Apple Inc. (AAPL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 111.18B | 143.76B | 102.47B | 94.04B | 95.36B | 124.3B | 94.93B | 85.78B | 90.75B | 119.58B | 89.5B | 81.8B | 94.84B | 117.15B | 90.15B | 82.96B | 97.28B | 123.94B | 83.36B | 81.43B |
| Revenue Growth % | 16.6% | 15.65% | 7.94% | 9.63% | 5.08% | 3.95% | 6.07% | 4.87% | -4.31% | 2.07% | -0.72% | -1.4% | -2.51% | -5.48% | 8.14% | 1.87% | 8.59% | 11.22% | 28.84% | 36.44% |
| Cost of Goods Sold | 56.4B | 74.53B | 54.13B | 50.32B | 50.49B | 66.03B | 51.05B | 46.1B | 48.48B | 64.72B | 49.07B | 45.38B | 52.86B | 66.82B | 52.05B | 47.07B | 54.72B | 69.7B | 48.19B | 46.18B |
| COGS % of Revenue | 50.73% | 51.84% | 52.82% | 53.51% | 52.95% | 53.12% | 53.78% | 53.74% | 53.42% | 54.13% | 54.83% | 55.48% | 55.74% | 57.04% | 57.74% | 56.74% | 56.25% | 56.24% | 57.8% | 56.71% |
| Gross Profit | 54.78B | 69.23B | 48.34B | 43.72B | 44.87B | 58.27B | 43.88B | 39.68B | 42.27B | 54.85B | 40.43B | 36.41B | 41.98B | 50.33B | 38.09B | 35.88B | 42.56B | 54.24B | 35.17B | 35.26B |
| Gross Margin % | 49.27% | 48.16% | 47.18% | 46.49% | 47.05% | 46.88% | 46.22% | 46.26% | 46.58% | 45.88% | 45.17% | 44.52% | 44.26% | 42.96% | 42.26% | 43.26% | 43.75% | 43.76% | 42.2% | 43.29% |
| Gross Profit Growth % | 22.1% | 18.8% | 10.17% | 10.18% | 6.14% | 6.23% | 8.54% | 8.97% | 0.7% | 8.99% | 6.12% | 1.47% | -1.37% | -7.21% | 8.3% | 1.79% | 11.77% | 22.37% | 42.47% | 55.45% |
| Operating Expenses | 18.9B | 18.38B | 15.91B | 15.52B | 15.28B | 15.44B | 14.29B | 14.33B | 14.37B | 14.48B | 13.46B | 13.41B | 13.66B | 14.32B | 13.2B | 12.81B | 12.58B | 12.76B | 11.39B | 11.13B |
| OpEx % of Revenue | 17% | 12.78% | 15.53% | 16.5% | 16.02% | 12.42% | 15.05% | 16.7% | 15.84% | 12.11% | 15.04% | 16.4% | 14.4% | 12.22% | 14.64% | 15.44% | 12.93% | 10.29% | 13.66% | 13.67% |
| Selling, General & Admin | 7.48B | 7.49B | 7.05B | 6.65B | 6.73B | 7.17B | 6.52B | 6.32B | 6.47B | 6.79B | 6.15B | 5.97B | 6.2B | 6.61B | 6.44B | 6.01B | 6.19B | 6.45B | 5.62B | 5.41B |
| SG&A % of Revenue | 6.72% | 5.21% | 6.88% | 7.07% | 7.06% | 5.77% | 6.87% | 7.37% | 7.13% | 5.68% | 6.87% | 7.3% | 6.54% | 5.64% | 7.14% | 7.25% | 6.37% | 5.2% | 6.74% | 6.65% |
| Research & Development | 11.42B | 10.89B | 8.87B | 8.87B | 8.55B | 8.27B | 7.76B | 8.01B | 7.9B | 7.7B | 7.31B | 7.44B | 7.46B | 7.71B | 6.76B | 6.8B | 6.39B | 6.31B | 5.77B | 5.72B |
| R&D % of Revenue | 10.27% | 7.57% | 8.65% | 9.43% | 8.97% | 6.65% | 8.18% | 9.33% | 8.71% | 6.44% | 8.16% | 9.1% | 7.86% | 6.58% | 7.5% | 8.19% | 6.57% | 5.09% | 6.92% | 7.02% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 35.88B | 50.85B | 32.43B | 28.2B | 29.59B | 42.83B | 29.59B | 25.35B | 27.9B | 40.37B | 26.97B | 23B | 28.32B | 36.02B | 24.89B | 23.08B | 29.98B | 41.49B | 23.79B | 24.13B |
| Operating Margin % | 32.28% | 35.37% | 31.65% | 29.99% | 31.03% | 34.46% | 31.17% | 29.56% | 30.74% | 33.76% | 30.13% | 28.12% | 29.86% | 30.74% | 27.62% | 27.82% | 30.82% | 33.47% | 28.53% | 29.63% |
| Operating Income Growth % | 21.28% | 18.72% | 9.58% | 11.24% | 6.05% | 6.09% | 9.72% | 10.24% | -1.48% | 12.1% | 8.34% | -0.34% | -5.54% | -13.19% | 4.66% | -4.35% | 9% | 23.72% | 60.99% | 84.29% |
| EBITDA | 39.32B | 54.07B | 35.55B | 31.03B | 32.25B | 45.91B | 32.5B | 28.2B | 30.74B | 43.22B | 29.62B | 26.05B | 31.22B | 38.93B | 27.76B | 25.88B | 32.72B | 44.19B | 26.77B | 26.96B |
| EBITDA Margin % | 35.37% | 37.61% | 34.7% | 33% | 33.82% | 36.94% | 34.24% | 32.88% | 33.87% | 36.15% | 33.1% | 31.85% | 32.92% | 33.23% | 30.79% | 31.2% | 33.63% | 35.65% | 32.12% | 33.1% |
| EBITDA Growth % | 21.93% | 17.76% | 9.39% | 10.03% | 4.93% | 6.23% | 9.72% | 8.26% | -1.54% | 11.02% | 6.71% | 0.65% | -4.58% | -11.89% | 3.68% | -4% | 7.97% | 22.06% | 53.2% | 70.16% |
| D&A (Non-Cash Add-back) | 3.44B | 3.21B | 3.13B | 2.83B | 2.66B | 3.08B | 2.91B | 2.85B | 2.84B | 2.85B | 2.65B | 3.05B | 2.9B | 2.92B | 2.87B | 2.81B | 2.74B | 2.7B | 2.99B | 2.83B |
| EBIT | 35.88B | 51B | 32.8B | 28.03B | 29.31B | 42.58B | 29.61B | 25.49B | 28.06B | 40.32B | 28B | 23.73B | 29.31B | 36.63B | 25.48B | 23.79B | 30.83B | 41.94B | 23.92B | 25.03B |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18M | -18M | -12M | -135M | -74M | 3M | 9M | -44M | -13M | 54M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 984M | 980M | 918M | 868M | 753M | 722M | 700M | 650M | 659M | 719M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1B | 998M | 930M | 1B | 827M | 719M | 691M | 694M | 672M | 665M |
| Other Income/Expense | -52M | 150M | 377M | -171M | -279M | -248M | 19M | 142M | 158M | -50M | 29M | -265M | 64M | -393M | -237M | -10M | 160M | -247M | -538M | 243M |
| Pretax Income | 35.83B | 51B | 32.8B | 28.03B | 29.31B | 42.58B | 29.61B | 25.49B | 28.06B | 40.32B | 27B | 22.73B | 28.38B | 35.62B | 24.66B | 23.07B | 30.14B | 41.24B | 23.25B | 24.37B |
| Pretax Margin % | 32.23% | 35.48% | 32.01% | 29.81% | 30.74% | 34.26% | 31.19% | 29.72% | 30.92% | 33.72% | 30.17% | 27.79% | 29.93% | 30.41% | 27.35% | 27.8% | 30.98% | 33.27% | 27.89% | 29.92% |
| Income Tax | 6.25B | 8.9B | 5.34B | 4.6B | 4.53B | 6.25B | 14.87B | 4.05B | 4.42B | 6.41B | 4.04B | 2.85B | 4.22B | 5.63B | 3.94B | 3.62B | 5.13B | 6.61B | 2.7B | 2.63B |
| Effective Tax Rate % | 17.46% | 17.46% | 16.27% | 16.4% | 15.46% | 14.69% | 50.23% | 15.87% | 15.76% | 15.89% | 14.97% | 12.55% | 14.88% | 15.79% | 15.96% | 15.71% | 17.02% | 16.03% | 11.6% | 10.77% |
| Net Income | 29.58B | 42.1B | 27.47B | 23.43B | 24.78B | 36.33B | 14.74B | 21.45B | 23.64B | 33.92B | 22.96B | 19.88B | 24.16B | 30B | 20.72B | 19.44B | 25.01B | 34.63B | 20.55B | 21.74B |
| Net Margin % | 26.6% | 29.28% | 26.8% | 24.92% | 25.99% | 29.23% | 15.52% | 25% | 26.04% | 28.36% | 25.65% | 24.31% | 25.48% | 25.61% | 22.99% | 23.44% | 25.71% | 27.94% | 24.65% | 26.7% |
| Net Income Growth % | 19.36% | 15.87% | 86.39% | 9.26% | 4.84% | 7.12% | -35.81% | 7.88% | -2.17% | 13.06% | 10.79% | 2.26% | -3.4% | -13.38% | 0.83% | -10.59% | 5.84% | 20.43% | 62.16% | 93.23% |
| Net Income (Continuing) | 29.58B | 42.1B | 27.47B | 23.43B | 24.78B | 36.33B | 14.74B | 21.45B | 23.64B | 33.92B | 22.96B | 19.88B | 24.16B | 30B | 20.72B | 19.44B | 25.01B | 34.63B | 20.55B | 21.74B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.01 | 2.84 | 1.85 | 1.57 | 1.65 | 2.40 | 0.97 | 1.40 | 1.53 | 2.18 | 1.46 | 1.26 | 1.52 | 1.88 | 1.29 | 1.20 | 1.52 | 2.10 | 1.24 | 1.30 |
| EPS Growth % | 21.82% | 18.33% | 90.72% | 12.14% | 7.84% | 10.09% | -33.56% | 11.11% | 0.66% | 15.96% | 13.18% | 5% | 0% | -10.48% | 4.03% | -7.69% | 8.57% | 25% | 69.86% | 100% |
| EPS (Basic) | 2.02 | 2.85 | 1.85 | 1.57 | 1.65 | 2.41 | 0.97 | 1.40 | 1.53 | 2.19 | 1.47 | 1.27 | 1.53 | 1.89 | 1.29 | 1.20 | 1.54 | 2.11 | 1.25 | 1.31 |
| Diluted Shares Outstanding | 14.77B | 14.81B | 15B | 14.95B | 15.06B | 15.15B | 15.24B | 15.35B | 15.46B | 15.58B | 15.67B | 15.78B | 15.85B | 15.96B | 16.12B | 16.26B | 16.4B | 16.52B | 16.64B | 16.78B |
| Basic Shares Outstanding | 14.71B | 14.75B | 14.95B | 14.9B | 14.99B | 15.08B | 15.17B | 15.29B | 15.41B | 15.51B | 15.6B | 15.7B | 15.79B | 15.89B | 16.03B | 16.16B | 16.28B | 16.39B | 16.49B | 16.63B |
| Dividend Payout Ratio | 12.92% | 9.31% | 14.06% | 16.83% | 15.17% | 10.61% | 25.81% | 18.16% | 15.7% | 11.28% | 16.37% | 19.36% | 15.11% | 12.56% | 17.87% | 19.6% | 14.37% | 10.78% | 17.71% | 17.32% |