Apple's Income Statement Analysis: Revenue to Profit Breakdown
Apple's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Sep 25, 2021
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FY22
Sep 24, 2022
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FY23
Sep 30, 2023
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FY24
Sep 28, 2024
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FY25
Sep 27, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$365.82 B | $394.33 B | $383.29 B | $391.04 B | $416.16 B | $451.44 B |
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Cost of Revenue Direct cost of goods/services. |
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$212.98 B | $223.55 B | $214.14 B | $210.35 B | $220.96 B | $235.37 B |
Gross Profit Revenue minus cost of revenue. |
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$152.84 B | $170.78 B | $169.15 B | $180.68 B | $195.20 B | $216.07 B |
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Operating Expense
Costs to run business. |
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$43.89 B | $51.35 B | $54.85 B | $57.47 B | $62.15 B | $68.71 B |
Research and Development Investment in innovation. |
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$21.91 B | $26.25 B | $29.92 B | $31.37 B | $34.55 B | $40.04 B |
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Sales, General and Administrative
Selling and admin costs. |
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$21.97 B | $25.09 B | $24.93 B | $26.10 B | $27.60 B | $28.67 B |
General and Administrative Corporate overhead costs. |
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- | - | - | - | - | $2.10 B |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | $5.40 B |
Other Expenses Other operating costs. |
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- | - | - | - | - | - |
Operating Income Profit from operations. |
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$108.95 B | $119.44 B | $114.30 B | $123.22 B | $133.05 B | $147.37 B |
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Net Interest Income
Interest income minus expense. |
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$198.00 M | -$106.00 M | -$183.00 M | - | - | - |
Interest Income Income from investments. |
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$2.84 B | $2.83 B | $3.75 B | - | - | - |
Interest Expense Cost of borrowing. |
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$2.65 B | $2.93 B | $3.93 B | - | - | - |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$2.90 B | -$2.60 B | - | - | $321.00 M | -$408.00 M |
Total Other Income (Net) Net non-operating items. |
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$258.00 M | -$334.00 M | -$565.00 M | $269.00 M | -$321.00 M | $304.00 M |
Income Before Tax Profit before taxes. |
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$109.21 B | $119.10 B | $113.74 B | $123.49 B | $132.73 B | $147.67 B |
Income Tax Expense Taxes on income. |
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$14.53 B | $19.30 B | $16.74 B | $29.75 B | $20.72 B | $25.10 B |
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Net Income
Final profit. |
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$94.68 B | $99.80 B | $97.00 B | $93.74 B | $112.01 B | $122.58 B |
Net Income From Continuing Operations Profit from core business. |
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$94.68 B | $99.80 B | $97.00 B | $93.74 B | $112.01 B | $122.58 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$5.67 | $6.15 | $6.16 | $6.11 | $7.49 | $8.29 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$5.61 | $6.11 | $6.13 | $6.08 | $7.46 | $8.27 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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16.70 B | 16.22 B | 15.74 B | 15.34 B | 14.95 B | 14.71 B |
Diluted Average Shares Outst. Shares including dilution. |
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16.86 B | 16.33 B | 15.81 B | 15.41 B | 15.00 B | 14.77 B |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$111.85 B | $122.03 B | $114.30 B | $123.22 B | $132.73 B | $147.67 B |
EBITDA Earnings before interest, tax, D&A. |
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$123.14 B | $133.14 B | $125.82 B | $134.66 B | $144.43 B | $160.33 B |
Depreciation and Amortization Non-cash expense for assets. |
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$11.28 B | $11.10 B | $11.52 B | $11.45 B | $11.70 B | $12.61 B |
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Apple's Assets vs Liabilities & Equity
Apple's Assets vs Liabilities & Equity
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