Apple Inc (AAPL) financials
Apple revenue and earnings by year
Apple's revenue was $416 billion in the fiscal year to September 27, 2025, up 6.4% from the year before. Net income was $112 billion, 26.9% of revenue. Since the fiscal year to September 24, 2016, revenue has grown 7.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 416.2 | 391.0 | 383.3 | 394.3 | 365.8 | 274.5 | 260.2 | 265.6 | 229.2 | 215.6 |
| Revenue growth | 6.4% | 2.0% | -2.8% | 7.8% | 33.3% | 5.5% | -2.0% | 15.9% | 6.3% | — |
| Gross profit | 195.2 | 180.7 | 169.1 | 170.8 | 152.8 | 105.0 | 98.4 | 101.8 | 88.2 | 84.3 |
| Gross margin | 46.9% | 46.2% | 44.1% | 43.3% | 41.8% | 38.2% | 37.8% | 38.3% | 38.5% | 39.1% |
| Operating income | 133.1 | 123.2 | 114.3 | 119.4 | 108.9 | 66.3 | 63.9 | 70.9 | 61.3 | 60.0 |
| Operating margin | 32.0% | 31.5% | 29.8% | 30.3% | 29.8% | 24.1% | 24.6% | 26.7% | 26.8% | 27.8% |
| Net income | 112.0 | 93.7 | 97.0 | 99.8 | 94.7 | 57.4 | 55.3 | 59.5 | 48.4 | 45.7 |
| Net margin | 26.9% | 24.0% | 25.3% | 25.3% | 25.9% | 20.9% | 21.2% | 22.4% | 21.1% | 21.2% |
| Diluted EPS | $7.46 | $6.08 | $6.13 | $6.11 | $5.61 | $3.27 | $2.97 | $2.97 | $2.30 | $2.07 |
| Free cash flow | 98.8 | 108.8 | 99.6 | 111.4 | 93.0 | 73.4 | 58.9 | 64.1 | 51.8 | 53.5 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AAPL in Markets.
How Apple makes money
Revenue by segment in the quarter to June 27, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $78.7B | 71.9% |
| Services | $30.7B | 28.1% |
See also: AAPL valuation and P/E history · AAPL returns
No forecast, no recommendation. This page describes Apple Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.