Apple's Income Statement Analysis: Revenue to Profit Breakdown
Apple's Income Statement Analysis: Revenue to Profit Breakdown
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Chart |
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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FY26
Sep 26, 2026
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TTM
Trailing 12M
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|---|---|---|---|---|---|---|---|
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Revenue
Total sales generated. |
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$394.33 B | $383.29 B | $391.04 B | $416.16 B | $478.83 B | $478.83 B |
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Cost of Revenue Direct cost of goods/services. |
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$223.55 B | $214.14 B | $210.35 B | $220.96 B | $245.23 B | $245.23 B |
Gross Profit Revenue minus cost of revenue. |
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$170.78 B | $169.15 B | $180.68 B | $195.20 B | $233.60 B | $233.60 B |
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Operating Expense
Costs to run business. |
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$51.35 B | $54.85 B | $57.47 B | $62.15 B | $75.54 B | $75.54 B |
Research and Development Investment in innovation. |
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$26.25 B | $29.92 B | $31.37 B | $34.55 B | $45.77 B | $45.77 B |
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Sales, General and Administrative
Selling and admin costs. |
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$25.09 B | $24.93 B | $26.10 B | $27.60 B | $29.77 B | $29.77 B |
General and Administrative Corporate overhead costs. |
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- | - | - | - | - | $6.68 B |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | $15.63 B |
Other Expenses Other operating costs. |
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- | - | - | - | - | - |
Operating Income Profit from operations. |
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$119.44 B | $114.30 B | $123.22 B | $133.05 B | $158.06 B | $158.06 B |
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Net Interest Income
Interest income minus expense. |
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-$106.00 M | -$183.00 M | - | - | - | - |
Interest Income Income from investments. |
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$2.83 B | $3.75 B | - | - | - | - |
Interest Expense Cost of borrowing. |
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$2.93 B | $3.93 B | - | - | - | - |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$2.60 B | - | - | $321.00 M | -$1.17 B | -$1.17 B |
Total Other Income (Net) Net non-operating items. |
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-$334.00 M | -$565.00 M | $269.00 M | -$321.00 M | $1.17 B | $1.17 B |
Income Before Tax Profit before taxes. |
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$119.10 B | $113.74 B | $123.49 B | $132.73 B | $159.24 B | $159.24 B |
Income Tax Expense Taxes on income. |
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$19.30 B | $16.74 B | $29.75 B | $20.72 B | $27.06 B | $27.06 B |
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Net Income
Final profit. |
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$99.80 B | $97.00 B | $93.74 B | $112.01 B | $132.18 B | $132.18 B |
Net Income From Continuing Operations Profit from core business. |
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$99.80 B | $97.00 B | $93.74 B | $112.01 B | $132.18 B | $132.18 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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$6.15 | $6.16 | $6.11 | $7.49 | $9.01 | $9.01 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$6.11 | $6.13 | $6.08 | $7.46 | $8.98 | $8.97 |
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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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16.22 B | 15.74 B | 15.34 B | 14.95 B | 14.66 B | 14.57 B |
Diluted Average Shares Outst. Shares including dilution. |
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16.33 B | 15.81 B | 15.41 B | 15.00 B | 14.72 B | 14.63 B |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$122.03 B | $114.30 B | $123.22 B | $132.73 B | $159.24 B | $159.24 B |
EBITDA Earnings before interest, tax, D&A. |
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$133.14 B | $125.82 B | $134.66 B | $144.43 B | $172.66 B | $172.66 B |
Depreciation and Amortization Non-cash expense for assets. |
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$11.10 B | $11.52 B | $11.45 B | $11.70 B | $13.42 B | $13.42 B |
| Company Report |
Apple's Assets vs Liabilities & Equity
Apple's Assets vs Liabilities & Equity
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Data sources and methodology
| Last updated | Sep 26, 2026 |
| Latest financial periods ended |
Quarterly: Q4 FY2026 (September 26, 2026) Annual: FY 2026 (September 26, 2026) |
| Data provided by | Financial Modeling Prep |
| Original source | Company Forms 10-Q and 10-K filed with the SEC |
| Methodology | Company-reported financial statements and calculated financial ratios |
| Limitations | Historical values may change because of company restatements, reclassifications, or provider updates |
| Links | View source filings |




