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NASDAQ · Technology · Financials

Apple Inc. financials & valuation

Reported statements, fiscal periods and valuation definitions in one place.

Section freshness

Research as of Jun 27, 2026 · Prices as of Sep 28, 4:00 PM EDT · Fundamentals checked Sep 29, 5:49 AM EDT · Statements Jun 27, 2026

Financial statements

Revenue

416.16B

FY2025 · ended Sep 27, 2025

Operating Income

133.05B

FY2025 · ended Sep 27, 2025

Net Income

112.01B

FY2025 · ended Sep 27, 2025

Amounts in USD. B = billions · M = millions. Scroll horizontally for earlier periods.

Sources, units & calculation notes

TECHi unified data / SEC Companyfacts. Per-share figures are in USD/share; margins in %, debt/equity in ×. TTM sums four consecutive quarters; balance sheets remain period-end balances. Growth requires comparable positive values. EPS uses the provider’s reported share basis; missing direct quarters are unavailable, and mixed filing split bases are not summed. EPS growth and trend lines require matching documented accounting and split bases. Tab through controls; use arrow keys inside the table.

AAPL annual income
FY2025Ended Sep 27, 2025Filed Oct 31, 2025Source filing	FY2024Ended Sep 28, 2024Filed Oct 31, 2025Source filing	FY2023Ended Sep 30, 2023Filed Oct 31, 2025Source filing	FY2022Ended Sep 24, 2022Filed Nov 1, 2024Source filing	1Y change	3Y annual growth
416.16B	391.04B	383.29B	394.33B	6.4%	1.8%
112.01B	93.74B	97B	99.8B	19.5%	3.9%
195.2B	180.68B	169.15B	170.78B	8.0%	4.6%
133.05B	123.22B	114.3B	119.44B	8.0%	3.7%

Earnings quality · Sep 27, 2025

Net income: 112.01B
Free cash flow: —
Stock-based compensation: —
FCF / net income: —
Accrual gap / revenue: —
Cash conversion: Not meaningful with non-positive or missing earnings

Accrual gap = (net income − operating cash flow) / revenue. TECHi descriptive thresholds: strong ≥100%, moderate 75–100%, weak <75%. CapEx timing, working capital and industry structure affect the ratio; it is not an accounting audit.

Download quarterly financial dataset

Changes between reports

Q3 Jun 27, 2026 versus Q2 Mar 28, 2026

Latest quarter compared with the preceding report. Margin changes are in percentage points (pp).

Revenue: 109.42B↓ -1.6%; Previous: 111.18B · USD
Gross margin: 50.06%↑ +0.8 pp; Previous: 49.27%
Operating margin: 32.62%↑ +0.3 pp; Previous: 32.28%
Net margin: 27.23%↑ +0.6 pp; Previous: 26.60%
Cash: 39.54B↓ -13.2%; Previous: 45.57B · USD
Debt: 82.35B↓ -0.4%; Previous: 82.71B · USD
Inventory: 11.09B↑ +64.4%; Previous: 6.75B · USD
Capex: 2.46B↑ +24.6%; Previous: 1.97B · USD
Stock-based compensation: 3.4B↓ -3.6%; Previous: 3.53B · USD

Reported-period comparison. Guidance and risk-factor changes require reading the filings.

Read the filings

Valuation & ratios

Multiples with negative or missing earnings are not meaningful. Annual free cash flow yield uses the latest fiscal year; provider forward multiples may use a different earnings horizon.

Valuation history and definitions

5Y median / percentile: Five-year observations unavailable
Forward EPS vs trailing EPS: 1.84%
Forward P/E / expected EPS growth: 20.84×

EPS growth proxy compares the available annual estimate (FY2026 period end 2026-09-30) with trailing EPS; it is not a multi-year consensus growth rate. Historical valuation uses dated observations, using price divided by the annual EPS estimate recorded that day. Legacy provider P/E observations with an unknown earnings basis are excluded. Available P/E observations: 2 since 2026-09-28.

Why provider ratios differ · reconciliation

Forward P/E can use next fiscal year, current fiscal year or next-twelve-month earnings; trailing P/E can use GAAP or adjusted earnings and different closing prices. TECHi compares figures with the same earnings basis and reporting period. Different definitions are not averaged together.

Metric	Value / formula	Source and date
Reported forward P/E	30.10	TECHi curated profile · period unknown · date unknown
Trailing P/E	39.08	Yahoo Finance · period unknown · 2026-09-29T09:49:28.927Z
Trailing EPS	8.66	Yahoo Finance · period unknown · 2026-09-29T09:49:28.927Z
Price ÷ annual EPS estimate	38.37×	TECHi calculation · FY2026 period end 2026-09-30

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