AAPL financial statements

The full income statement, balance sheet, and cash-flow statement for Apple Inc. (AAPL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 15.20B2024-09 15.12B2024-12 15.02B2025-03 14.94B2025-06 14.84B2025-09 14.78B2025-12 14.68B2026-03 14.69B2026-06 14.59B-4.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofSep 27 ’25	as ofSep 28 ’24	as ofSep 30 ’23	as ofSep 24 ’22	as ofSep 25 ’21
Revenue	416B YoY+6.4%	391B YoY+2.0%	383B YoY-2.8%	394B YoY+7.8%	366B YoY+33.3%
	195B YoY+8.0%	181B YoY+6.8%	169B YoY-1.0%	171B YoY+11.7%	153B YoY+45.6%
Cost of revenue	221B YoY+5.0%	210B YoY-1.8%	214B YoY-4.2%	224B YoY+5.0%	213B YoY+25.6%
	62.2B YoY+8.2%	57.5B YoY+4.8%	54.8B YoY+6.8%	51.3B YoY+17.0%	43.9B YoY+13.5%
Research & development	34.5B YoY+10.1%	31.4B YoY+4.9%	29.9B YoY+14.0%	26.3B YoY+19.8%	21.9B YoY+16.9%
Selling, general & administrative	27.6B YoY+5.8%	26.1B YoY+4.7%	24.9B YoY-0.6%	25.1B YoY+14.2%	22.0B YoY+10.3%
General & administrative	8.08B YoY+8.3%	7.46B YoY+11.8%	6.67B	—	—
Selling & marketing	19.5B YoY+4.7%	18.6B YoY+2.1%	18.3B	—	—
Operating income	133B YoY+8.0%	123B YoY+7.8%	114B YoY-4.3%	119B YoY+9.6%	109B YoY+64.4%
Interest expense	—	—	3.93B YoY+34.2%	2.93B YoY+10.8%	2.65B YoY-7.9%
Other non-operating income	-321M YoY-219.3%	269M YoY+170.4%	-382M YoY-67.5%	-228M YoY-480.0%	60.0M YoY+169.0%
Pre-tax income	133B YoY+7.5%	123B YoY+8.6%	114B YoY-4.5%	119B YoY+9.1%	109B YoY+62.8%
Income tax	20.7B YoY-30.4%	29.7B YoY+77.7%	16.7B YoY-13.3%	19.3B YoY+32.9%	14.5B YoY+50.1%
Net income	112B YoY+19.5%	93.7B YoY-3.4%	97.0B YoY-2.8%	99.8B YoY+5.4%	94.7B YoY+64.9%
	$7.46 YoY+22.7%	$6.08 YoY-0.8%	$6.13 YoY+0.3%	$6.11 YoY+8.9%	$5.61 YoY+71.0%
EPS (basic)	$7.49 YoY+22.6%	$6.11 YoY-0.8%	$6.16 YoY+0.2%	$6.15 YoY+8.5%	$5.67 YoY+71.3%
	14.9B YoY-2.6%	15.3B YoY-2.5%	15.7B YoY-2.9%	16.2B YoY-2.9%	16.7B YoY-3.8%
	15.0B YoY-2.6%	15.4B YoY-2.6%	15.8B YoY-3.1%	16.3B YoY-3.2%	16.9B YoY-3.8%
Dividends per share	$1.02 YoY+4.1%	$0.98 YoY+4.3%	$0.94 YoY+4.4%	$0.90 YoY+5.9%	$0.85 YoY+6.9%
Balance Sheet	as ofSep 27 ’25	as ofSep 28 ’24	as ofSep 30 ’23	as ofSep 24 ’22	as ofSep 25 ’21
	148B YoY-3.3%	153B YoY+6.6%	144B YoY+6.0%	135B YoY+0.4%	135B YoY-6.2%
Cash & equivalents	35.9B YoY+20.0%	29.9B YoY-0.1%	30.0B YoY+26.7%	23.6B YoY-32.3%	34.9B YoY-8.1%
Short-term investments	18.8B YoY-46.7%	35.2B YoY+11.5%	31.6B YoY+28.1%	24.7B YoY-11.0%	27.7B YoY-47.7%
Accounts receivable	39.8B YoY+19.1%	33.4B YoY+13.2%	29.5B YoY+4.7%	28.2B YoY+7.3%	26.3B YoY+63.0%
Inventory	5.72B YoY-21.5%	7.29B YoY+15.1%	6.33B YoY+28.0%	4.95B YoY-24.8%	6.58B YoY+62.0%
Other current assets	14.6B YoY+2.1%	14.3B YoY-2.8%	14.7B YoY-30.8%	21.2B YoY+50.4%	14.1B YoY+25.3%
	359B YoY-1.6%	365B YoY+3.5%	353B YoY-0.0%	353B YoY+0.5%	351B YoY+8.4%
Property, plant & equipment	49.8B YoY+9.1%	45.7B YoY+4.5%	43.7B YoY+3.8%	42.1B YoY+6.8%	39.4B YoY+7.3%
Operating lease right-of-use	11.2B YoY+9.5%	10.2B YoY-4.0%	10.7B YoY+2.3%	10.4B YoY+3.3%	10.1B YoY+17.7%
Intangible assets	13.3B	—	—	—	—
Long-term investments	77.7B YoY-15.0%	91.5B YoY-9.0%	101B YoY-16.8%	121B YoY-5.5%	128B YoY+26.8%
Deferred tax assets	20.8B YoY+6.6%	19.5B YoY+9.2%	17.9B YoY+16.1%	15.4B	—
Other non-current assets	72.6B YoY-2.9%	74.8B YoY+15.6%	64.8B YoY+19.0%	54.4B YoY+11.4%	48.8B YoY+14.9%
Total non-current assets	211B YoY-0.3%	212B YoY+1.4%	209B YoY-3.8%	217B YoY+0.5%	216B YoY+20.0%
	166B YoY-6.1%	176B YoY+21.4%	145B YoY-5.6%	154B YoY+22.7%	125B YoY+19.1%
Accounts payable	69.9B YoY+1.3%	69.0B YoY+10.1%	62.6B YoY-2.3%	64.1B YoY+17.1%	54.8B YoY+29.5%
Deferred revenue	9.05B YoY+9.8%	8.25B YoY+2.3%	8.06B YoY+1.9%	7.91B YoY+3.9%	7.61B YoY+14.6%
Short-term & current debt	12.3B YoY+13.2%	10.9B YoY+11.1%	9.82B YoY-11.7%	11.1B YoY+15.8%	9.61B YoY+9.6%
Current lease liability	1.58B YoY+6.1%	1.49B YoY+5.5%	1.41B YoY-8.1%	1.53B YoY+5.9%	1.45B YoY+0.9%
Other current liabilities	66.4B YoY-15.2%	78.3B YoY+33.1%	58.8B YoY-3.3%	60.8B YoY+28.1%	47.5B YoY+11.3%
Finance lease liability (current)	538M YoY+273.6%	144M YoY-12.7%	165M YoY+27.9%	129M YoY+63.3%	79.0M YoY+229.2%
	286B YoY-7.3%	308B YoY+6.1%	290B YoY-3.9%	302B YoY+4.9%	288B YoY+11.4%
Long-term debt	78.3B YoY-8.7%	85.8B YoY-10.0%	95.3B YoY-3.7%	99.0B YoY-9.3%	109B YoY+10.6%
Non-current lease liability	10.9B YoY+8.6%	10.0B YoY-3.5%	10.4B YoY+4.8%	9.94B YoY+4.5%	9.51B YoY+22.7%
Operating lease liability (total)	12.5B YoY+8.3%	11.5B YoY-2.4%	11.8B YoY+3.0%	11.5B YoY+4.7%	11.0B YoY+19.3%
Finance lease liability (total)	1.23B YoY+37.3%	896M YoY-12.5%	1.02B YoY+8.8%	941M YoY+11.0%	848M YoY+28.3%
Finance lease liability	692M YoY-8.0%	752M YoY-12.5%	859M YoY+5.8%	812M YoY+5.6%	769M YoY+20.7%
Other non-current liabilities	41.5B YoY-9.5%	45.9B YoY-7.9%	49.8B YoY+1.4%	49.1B YoY-7.8%	53.3B YoY-2.1%
Total non-current liabilities	120B YoY-8.9%	132B YoY-9.3%	145B YoY-2.0%	148B YoY-8.8%	162B YoY+6.1%
	73.7B YoY+29.5%	57.0B YoY-8.4%	62.1B YoY+22.6%	50.7B YoY-19.7%	63.1B YoY-3.4%
Retained earnings	-14.3B YoY+25.5%	-19.2B YoY-8850.5%	-214M YoY+93.0%	-3.07B YoY-155.2%	5.56B YoY-62.8%
Accumulated other comprehensive income	-5.57B YoY+22.3%	-7.17B YoY+37.4%	-11.5B YoY-3.1%	-11.1B YoY-6915.3%	163M YoY+140.1%
Total liabilities & equity	359B YoY-1.6%	365B YoY+3.5%	353B YoY-0.0%	353B YoY+0.5%	351B YoY+8.4%
	14.8B YoY-2.3%	15.1B YoY-2.8%	15.6B YoY-2.5%	15.9B YoY-2.9%	16.4B YoY-3.2%
	14.8B YoY-2.3%	15.1B YoY-2.8%	15.6B YoY-2.5%	15.9B YoY-2.9%	16.4B YoY-3.2%
	14.8B YoY-2.2%	15.1B YoY-2.8%	15.6B YoY-2.2%	15.9B YoY-3.0%	16.4B YoY-3.5%
Cash Flow	as ofSep 27 ’25	as ofSep 28 ’24	as ofSep 30 ’23	as ofSep 24 ’22	as ofSep 25 ’21
	111B YoY-5.7%	118B YoY+7.0%	111B YoY-9.5%	122B YoY+17.4%	104B YoY+29.0%
Depreciation & amortization	11.7B YoY+2.2%	11.4B YoY-0.6%	11.5B YoY+3.7%	11.1B YoY-1.6%	11.3B YoY+2.1%
Share-based compensation	12.9B YoY+10.1%	11.7B YoY+7.9%	10.8B YoY+19.9%	9.04B YoY+14.3%	7.91B YoY+15.8%
Deferred income taxes	—	—	—	895M YoY+118.7%	-4.77B YoY-2120.5%
Change in receivables	6.68B YoY+76.4%	3.79B YoY+124.4%	1.69B YoY-7.4%	1.82B YoY-82.0%	10.1B YoY+246.4%
Change in inventory	-1.40B YoY-233.8%	1.05B YoY-35.4%	1.62B YoY+209.0%	-1.48B YoY-156.2%	2.64B YoY+1980.3%
Change in payables	902M YoY-85.0%	6.02B YoY+418.7%	-1.89B YoY-120.0%	9.45B YoY-23.3%	12.3B YoY+403.4%
	15.2B YoY+417.7%	2.94B YoY-20.8%	3.71B YoY+116.6%	-22.4B YoY-53.7%	-14.5B YoY-239.1%
Capital expenditure	12.7B YoY+34.6%	9.45B YoY-13.8%	11.0B YoY+2.3%	10.7B YoY-3.4%	11.1B YoY+51.7%
Free cash flow	98.8B YoY-9.2%	109B YoY+9.3%	99.6B YoY-10.6%	111B YoY+19.9%	93.0B YoY+26.7%
Acquisitions	0.00	0.00	0.00 YoY-100.0%	306M YoY+827.3%	33.0M YoY-97.8%
Sales/maturities of investments	40.9B YoY-20.1%	51.2B YoY+29.0%	39.7B YoY+32.7%	29.9B YoY-49.3%	59.0B YoY-15.6%
Other investing activities	1.48B YoY+13.1%	1.31B YoY-2.2%	1.34B YoY-35.9%	2.09B YoY+441.8%	385M YoY-57.6%
	-121B YoY+1.1%	-122B YoY-12.4%	-108B YoY+2.0%	-111B YoY-18.6%	-93.4B YoY-7.5%
Long-term debt issued	4.48B	0.00 YoY-100.0%	5.23B YoY-4.3%	5.46B YoY-73.2%	20.4B YoY+26.7%
Long-term debt repaid	10.9B YoY+9.8%	9.96B YoY-10.7%	11.2B YoY+16.9%	9.54B YoY+9.1%	8.75B YoY-30.7%
Common stock issued	0.00	0.00	0.00	0.00 YoY-100.0%	1.10B YoY+25.6%
Common stock repurchased	90.7B YoY-4.5%	94.9B YoY+22.4%	77.5B YoY-13.3%	89.4B YoY+4.0%	86.0B YoY+18.8%
Dividends paid	15.4B YoY+1.2%	15.2B YoY+1.4%	15.0B YoY+1.2%	14.8B YoY+2.6%	14.5B YoY+2.7%
Other financing activities	-111M YoY+69.3%	-361M YoY+37.9%	-581M YoY-263.1%	-160M YoY-116.4%	976M YoY+29.4%
Net change in cash	5.99B YoY+854.5%	-794M YoY-113.8%	5.76B YoY+152.6%	-11.0B YoY-183.7%	-3.86B YoY+63.0%
Interest paid	—	—	3.80B YoY+32.7%	2.87B YoY+6.6%	2.69B YoY-10.5%
Income taxes paid	43.4B YoY+66.2%	26.1B YoY+39.7%	18.7B YoY-4.6%	19.6B YoY-22.9%	25.4B YoY+167.2%
Valuation Ratios	as ofSep 27 ’25	as ofSep 28 ’24	as ofSep 30 ’23	as ofSep 24 ’22	as ofSep 25 ’21
Market cap	3.79T YoY+9.5%	3.46T YoY+29.4%	2.68T YoY+10.7%	2.42T YoY-0.5%	2.43T YoY+26.5%
P/E	38.2× YoY+12.4%	34.0× YoY+20.3%	28.2× YoY+16.4%	24.3× YoY-13.3%	28.0× YoY-14.9%
P/S	9.3× YoY+3.3%	9.0× YoY+28.8%	7.0× YoY+11.8%	6.2× YoY-10.8%	7.0× YoY-0.2%
P/B	57.6× YoY+10.9%	51.9× YoY+16.9%	44.4× YoY+6.7%	41.6× YoY+10.1%	37.8× YoY+42.2%
P/FCF	39.4× YoY+18.7%	33.2× YoY+25.2%	26.5× YoY+18.0%	22.5× YoY-12.3%	25.6× YoY-4.3%
	2.6% YoY-11.0%	2.9% YoY-16.8%	3.5% YoY-14.1%	4.1% YoY+15.3%	3.6% YoY+17.5%
	2.5% YoY-15.8%	3.0% YoY-20.1%	3.8% YoY-15.2%	4.5% YoY+14.0%	3.9% YoY+4.5%
	0.40% YoY-7.2%	0.43% YoY-21.6%	0.55% YoY-8.2%	0.60% YoY+3.4%	0.58% YoY-18.3%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: AAPL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AAPL filings on SEC EDGAR → Not investment advice.