
Apple Inc
NASDAQ:AAPL

Income Statement
Earnings Waterfall
Apple Inc
Revenue
|
400.4B
USD
|
Cost of Revenue
|
-213.7B
USD
|
Gross Profit
|
186.7B
USD
|
Operating Expenses
|
-59.3B
USD
|
Operating Income
|
127.4B
USD
|
Other Expenses
|
-30.1B
USD
|
Net Income
|
97.3B
USD
|
Income Statement
Apple Inc
Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Apr-2017 | Jul-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
212 164
N/A
|
224 337
+6%
|
233 715
+4%
|
234 988
+1%
|
227 535
-3%
|
220 288
-3%
|
215 639
-2%
|
218 118
+1%
|
220 457
+1%
|
223 507
+1%
|
229 234
+3%
|
239 176
+4%
|
247 417
+3%
|
255 274
+3%
|
265 595
+4%
|
261 612
-1%
|
258 490
-1%
|
259 034
+0%
|
260 174
+0%
|
267 683
+3%
|
267 981
+0%
|
273 857
+2%
|
274 515
+0%
|
294 135
+7%
|
325 406
+11%
|
347 155
+7%
|
365 817
+5%
|
378 323
+3%
|
386 017
+2%
|
387 542
+0%
|
394 328
+2%
|
387 537
-2%
|
385 095
-1%
|
383 933
0%
|
383 285
0%
|
385 706
+1%
|
381 623
-1%
|
385 603
+1%
|
391 035
+1%
|
395 760
+1%
|
400 366
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(128 023)
|
(135 250)
|
(140 089)
|
(140 680)
|
(136 962)
|
(133 290)
|
(131 376)
|
(134 102)
|
(135 771)
|
(137 439)
|
(141 048)
|
(147 254)
|
(152 664)
|
(157 588)
|
(163 756)
|
(161 654)
|
(160 133)
|
(160 871)
|
(161 782)
|
(166 105)
|
(165 854)
|
(169 277)
|
(169 559)
|
(180 068)
|
(195 630)
|
(204 804)
|
(212 981)
|
(215 572)
|
(218 786)
|
(219 681)
|
(223 546)
|
(220 666)
|
(218 807)
|
(217 117)
|
(214 137)
|
(212 035)
|
(207 657)
|
(208 372)
|
(210 352)
|
(211 657)
|
(213 667)
|
|
Gross Profit |
84 141
N/A
|
89 087
+6%
|
93 626
+5%
|
94 308
+1%
|
90 573
-4%
|
86 998
-4%
|
84 263
-3%
|
84 016
0%
|
84 686
+1%
|
86 068
+2%
|
88 186
+2%
|
91 922
+4%
|
94 753
+3%
|
97 686
+3%
|
101 839
+4%
|
99 958
-2%
|
98 357
-2%
|
98 163
0%
|
98 392
+0%
|
101 578
+3%
|
102 127
+1%
|
104 580
+2%
|
104 956
+0%
|
114 067
+9%
|
129 776
+14%
|
142 351
+10%
|
152 836
+7%
|
162 751
+6%
|
167 231
+3%
|
167 861
+0%
|
170 782
+2%
|
166 871
-2%
|
166 288
0%
|
166 816
+0%
|
169 148
+1%
|
173 671
+3%
|
173 966
+0%
|
177 231
+2%
|
180 683
+2%
|
184 103
+2%
|
186 699
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(20 170)
|
(21 315)
|
(22 396)
|
(23 153)
|
(23 709)
|
(24 112)
|
(24 239)
|
(24 804)
|
(25 364)
|
(26 083)
|
(26 842)
|
(27 663)
|
(28 697)
|
(29 786)
|
(30 941)
|
(31 988)
|
(32 866)
|
(33 740)
|
(34 462)
|
(35 425)
|
(36 536)
|
(37 442)
|
(38 668)
|
(39 814)
|
(40 873)
|
(42 413)
|
(43 887)
|
(45 848)
|
(47 852)
|
(49 532)
|
(51 345)
|
(52 906)
|
(53 984)
|
(54 590)
|
(54 847)
|
(55 013)
|
(55 726)
|
(56 637)
|
(57 467)
|
(58 428)
|
(59 335)
|
|
Selling, General & Administrative |
(13 068)
|
(13 782)
|
(14 329)
|
(14 577)
|
(14 540)
|
(14 417)
|
(14 194)
|
(14 292)
|
(14 587)
|
(14 929)
|
(15 261)
|
(15 546)
|
(15 978)
|
(16 303)
|
(16 705)
|
(17 257)
|
(17 565)
|
(17 883)
|
(18 245)
|
(18 659)
|
(19 153)
|
(19 558)
|
(19 916)
|
(20 350)
|
(20 712)
|
(21 293)
|
(21 973)
|
(22 791)
|
(23 670)
|
(24 270)
|
(25 094)
|
(25 252)
|
(25 260)
|
(25 221)
|
(24 932)
|
(25 111)
|
(25 378)
|
(25 725)
|
(26 097)
|
(26 486)
|
(26 746)
|
|
Research & Development |
(7 102)
|
(7 533)
|
(8 067)
|
(8 576)
|
(9 169)
|
(9 695)
|
(10 045)
|
(10 512)
|
(10 777)
|
(11 154)
|
(11 581)
|
(12 117)
|
(12 719)
|
(13 483)
|
(14 236)
|
(14 731)
|
(15 301)
|
(15 857)
|
(16 217)
|
(16 766)
|
(17 383)
|
(17 884)
|
(18 752)
|
(19 464)
|
(20 161)
|
(21 120)
|
(21 914)
|
(23 057)
|
(24 182)
|
(25 262)
|
(26 251)
|
(27 654)
|
(28 724)
|
(29 369)
|
(29 915)
|
(29 902)
|
(30 348)
|
(30 912)
|
(31 370)
|
(31 942)
|
(32 589)
|
|
Operating Income |
63 971
N/A
|
67 772
+6%
|
71 230
+5%
|
71 155
0%
|
66 864
-6%
|
62 886
-6%
|
60 024
-5%
|
59 212
-1%
|
59 322
+0%
|
59 985
+1%
|
61 344
+2%
|
64 259
+5%
|
66 056
+3%
|
67 900
+3%
|
70 898
+4%
|
67 970
-4%
|
65 491
-4%
|
64 423
-2%
|
63 930
-1%
|
66 153
+3%
|
65 591
-1%
|
67 138
+2%
|
66 288
-1%
|
74 253
+12%
|
88 903
+20%
|
99 938
+12%
|
108 949
+9%
|
116 903
+7%
|
119 379
+2%
|
118 329
-1%
|
119 437
+1%
|
113 965
-5%
|
112 304
-1%
|
112 226
0%
|
114 301
+2%
|
118 658
+4%
|
118 240
0%
|
120 594
+2%
|
123 216
+2%
|
125 675
+2%
|
127 364
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1 668
|
1 946
|
2 188
|
2 330
|
2 483
|
2 545
|
2 543
|
2 577
|
2 664
|
2 762
|
2 878
|
2 897
|
2 858
|
2 705
|
2 446
|
2 145
|
1 780
|
1 532
|
1 385
|
1 228
|
1 172
|
1 052
|
890
|
739
|
495
|
345
|
198
|
45
|
6
|
(45)
|
(106)
|
(197)
|
(218)
|
(239)
|
(183)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(703)
|
(793)
|
(903)
|
(813)
|
(1 097)
|
(1 185)
|
(1 195)
|
(810)
|
(465)
|
(387)
|
(133)
|
(217)
|
(491)
|
(206)
|
(441)
|
(336)
|
133
|
76
|
422
|
368
|
328
|
127
|
(87)
|
(240)
|
230
|
577
|
60
|
(79)
|
(388)
|
(590)
|
(228)
|
(283)
|
(358)
|
(592)
|
(382)
|
(222)
|
(128)
|
279
|
269
|
71
|
(366)
|
|
Pre-Tax Income |
64 936
N/A
|
68 925
+6%
|
72 515
+5%
|
72 672
+0%
|
68 250
-6%
|
64 246
-6%
|
61 372
-4%
|
60 979
-1%
|
61 521
+1%
|
62 360
+1%
|
64 089
+3%
|
66 939
+4%
|
68 423
+2%
|
70 399
+3%
|
72 903
+4%
|
69 779
-4%
|
67 404
-3%
|
66 031
-2%
|
65 737
0%
|
67 749
+3%
|
67 091
-1%
|
68 317
+2%
|
67 091
-2%
|
74 752
+11%
|
89 628
+20%
|
100 860
+13%
|
109 207
+8%
|
116 869
+7%
|
118 997
+2%
|
117 694
-1%
|
119 103
+1%
|
113 485
-5%
|
111 728
-2%
|
111 395
0%
|
113 736
+2%
|
118 436
+4%
|
118 112
0%
|
120 873
+2%
|
123 485
+2%
|
125 746
+2%
|
126 998
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(17 128)
|
(18 188)
|
(19 121)
|
(18 941)
|
(17 572)
|
(16 449)
|
(15 685)
|
(15 762)
|
(15 791)
|
(15 709)
|
(15 738)
|
(13 814)
|
(12 505)
|
(11 679)
|
(11 872)
|
(11 448)
|
(11 334)
|
(11 436)
|
(10 481)
|
(10 222)
|
(9 876)
|
(9 893)
|
(9 680)
|
(10 822)
|
(13 317)
|
(14 058)
|
(14 527)
|
(16 314)
|
(17 062)
|
(18 061)
|
(19 300)
|
(18 314)
|
(17 407)
|
(16 635)
|
(16 741)
|
(17 523)
|
(17 723)
|
(18 917)
|
(19 503)
|
(19 350)
|
(19 458)
|
|
Income from Continuing Operations |
47 808
|
50 737
|
53 394
|
53 731
|
50 678
|
47 797
|
45 687
|
45 217
|
45 730
|
46 651
|
48 351
|
53 125
|
55 918
|
58 720
|
61 031
|
58 331
|
56 070
|
54 595
|
55 256
|
57 527
|
57 215
|
58 424
|
57 411
|
63 930
|
76 311
|
86 802
|
94 680
|
100 555
|
101 935
|
99 633
|
99 803
|
95 171
|
94 321
|
94 760
|
96 995
|
100 913
|
100 389
|
101 956
|
103 982
|
106 396
|
107 540
|
|
Net Income (Common) |
47 808
N/A
|
50 737
+6%
|
53 394
+5%
|
53 731
+1%
|
50 678
-6%
|
47 797
-6%
|
45 687
-4%
|
45 217
-1%
|
45 730
+1%
|
46 651
+2%
|
48 351
+4%
|
50 525
+4%
|
53 318
+6%
|
56 120
+5%
|
59 531
+6%
|
59 431
0%
|
57 170
-4%
|
55 695
-3%
|
55 256
-1%
|
57 527
+4%
|
57 215
-1%
|
58 424
+2%
|
57 411
-2%
|
63 930
+11%
|
76 311
+19%
|
86 802
+14%
|
94 680
+9%
|
100 555
+6%
|
101 935
+1%
|
99 633
-2%
|
99 803
+0%
|
95 171
-5%
|
94 321
-1%
|
94 760
+0%
|
96 995
+2%
|
100 913
+4%
|
100 389
-1%
|
101 956
+2%
|
93 736
-8%
|
96 150
+3%
|
97 294
+1%
|
|
EPS (Diluted) |
2.04
N/A
|
2.19
+7%
|
2.3
+5%
|
2.4
+4%
|
2.28
-5%
|
2.18
-4%
|
2.08
-5%
|
2.12
+2%
|
2.17
+2%
|
2.22
+2%
|
2.3
+4%
|
2.44
+6%
|
2.62
+7%
|
2.84
+8%
|
2.97
+5%
|
3.11
+5%
|
3.04
-2%
|
3.02
-1%
|
2.97
-2%
|
3.22
+8%
|
3.24
+1%
|
3.35
+3%
|
3.28
-2%
|
3.73
+14%
|
4.5
+21%
|
5.17
+15%
|
5.61
+9%
|
6.08
+8%
|
6.21
+2%
|
6.12
-1%
|
6.11
0%
|
5.96
-2%
|
5.95
0%
|
6
+1%
|
6.13
+2%
|
6.47
+6%
|
6.49
+0%
|
6.64
+2%
|
6.08
-8%
|
6.34
+4%
|
6.46
+2%
|