In fiscal 2026, which ended Sep 26, 2026, Apple Inc. reported revenue of $478.8 billion, up 15.1% from the year before. Net income was $132.2 billion, a profit margin of 27.6%. Operating income came to $158.1 billion, an operating margin of 33.0%. Diluted earnings per share were $8.98. Across the 10 fiscal years shown, revenue grew from $229.2 billion in fiscal 2017 to $478.8 billion in fiscal 2026, about 8.5% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Sep 26, 2026
|
FY 2025
Sep 27, 2025
|
FY 2024
Sep 28, 2024
|
FY 2023
Sep 30, 2023
|
FY 2022
Sep 24, 2022
|
FY 2021
Sep 25, 2021
|
FY 2020
Sep 26, 2020
|
FY 2019
Sep 28, 2019
|
FY 2018
Sep 29, 2018
|
FY 2017
Sep 30, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
478,834
+15.1%
|
416,161
+6.4%
|
391,035
+2.0%
|
383,285
-2.8%
|
394,328
+7.8%
|
365,817
+33.3%
|
274,515
+5.5%
|
260,174
-2.0%
|
265,595
+15.9%
|
229,234
+6.3%
|
| Cost of revenue |
245,232
+11.0%
|
220,960
+5.0%
|
210,352
-1.8%
|
214,137
-4.2%
|
223,546
+5.0%
|
212,981
+25.6%
|
169,559
+4.8%
|
161,782
-1.2%
|
163,756
+16.1%
|
141,048
+7.4%
|
| Gross profit |
233,602
+19.7%
|
195,201
+8.0%
|
180,683
+6.8%
|
169,148
-1.0%
|
170,782
+11.7%
|
152,836
+45.6%
|
104,956
+6.7%
|
98,392
-3.4%
|
101,839
+15.5%
|
88,186
+4.7%
|
| Research and development |
45,765
+32.5%
|
34,550
+10.1%
|
31,370
+4.9%
|
29,915
+14.0%
|
26,251
+19.8%
|
21,914
+16.9%
|
18,752
+15.6%
|
16,217
+13.9%
|
14,236
+22.9%
|
11,581
+15.3%
|
| Selling, general and administrative |
29,774
+7.9%
|
27,601
+5.8%
|
26,097
+4.7%
|
24,932
-0.6%
|
25,094
+14.2%
|
21,973
+10.3%
|
19,916
+9.2%
|
18,245
+9.2%
|
16,705
+9.5%
|
15,261
+7.5%
|
| Operating expenses |
75,539
+21.5%
|
62,151
+8.2%
|
57,467
+4.8%
|
54,847
+6.8%
|
51,345
+17.0%
|
43,887
+13.5%
|
38,668
+12.2%
|
34,462
+11.4%
|
30,941
+15.3%
|
26,842
+10.7%
|
| Operating income |
158,063
+18.8%
|
133,050
+8.0%
|
123,216
+7.8%
|
114,301
-4.3%
|
119,437
+9.6%
|
108,949
+64.4%
|
66,288
+3.7%
|
63,930
-9.8%
|
70,898
+15.6%
|
61,344
+2.2%
|
| Other income (expense) |
1,174
+465.7%
|
-321
-219.3%
|
269
+147.6%
|
-565
-69.2%
|
-334
-229.5%
|
258
-67.9%
|
803
-55.6%
|
1,807
-9.9%
|
2,005
-27.0%
|
2,745
+103.6%
|
| Pretax income |
159,237
+20.0%
|
132,729
+7.5%
|
123,485
+8.6%
|
113,736
-4.5%
|
119,103
+9.1%
|
109,207
+62.8%
|
67,091
+2.1%
|
65,737
-9.8%
|
72,903
+13.8%
|
64,089
+4.4%
|
| Income tax |
27,062
+30.6%
|
20,719
-30.4%
|
29,749
+77.7%
|
16,741
-13.3%
|
19,300
+32.9%
|
14,527
+50.1%
|
9,680
-7.6%
|
10,481
-21.6%
|
13,372
-15.0%
|
15,738
+0.3%
|
| Net income |
132,175
+18.0%
|
112,010
+19.5%
|
93,736
-3.4%
|
96,995
-2.8%
|
99,803
+5.4%
|
94,680
+64.9%
|
57,411
+3.9%
|
55,256
-7.2%
|
59,531
+23.1%
|
48,351
+5.8%
|
| Basic EPS |
9.01
+20.3%
|
7.49
+22.6%
|
6.11
-0.8%
|
6.16
+0.2%
|
6.15
+8.5%
|
5.67
+71.3%
|
3.31
+10.7%
|
2.99
-0.3%
|
3.00
-67.6%
|
9.27
+11.0%
|
| Diluted EPS |
8.98
+20.4%
|
7.46
+22.7%
|
6.08
-0.8%
|
6.13
+0.3%
|
6.11
+8.9%
|
5.61
+71.0%
|
3.28
+10.4%
|
2.97
-0.3%
|
2.98
-67.6%
|
9.21
+10.8%
|
| Weighted average shares, basic |
14,662
-1.9%
|
14,948
-2.6%
|
15,344
-2.5%
|
15,744
-2.9%
|
16,216
-2.9%
|
16,701
-3.8%
|
17,352
-6.1%
|
18,471
-6.8%
|
19,822
+279.9%
|
5,217
-4.6%
|
| Weighted average shares, diluted |
14,720
-1.9%
|
15,005
-2.6%
|
15,408
-2.6%
|
15,813
-3.1%
|
16,326
-3.2%
|
16,865
-3.8%
|
17,528
-5.7%
|
18,596
-7.0%
|
20,000
+280.8%
|
5,252
-4.5%
|
| Other measures | ||||||||||
| Depreciation and amortization |
13,423
+14.7%
|
11,698
+2.2%
|
11,445
-0.6%
|
11,519
+3.7%
|
11,104
-1.6%
|
11,284
+2.1%
|
11,056
-11.9%
|
12,547
+15.1%
|
10,903
+7.3%
|
10,157
+22.4%
|
| EBITDA |
171,486
+18.5%
|
144,748
+7.5%
|
134,661
+7.0%
|
125,820
-3.6%
|
130,541
+8.6%
|
120,233
+55.5%
|
77,344
+1.1%
|
76,477
-6.5%
|
81,801
+14.4%
|
71,501
+4.6%
|
| Interest coverage |
—
|
—
|
—
|
29.06x
|
40.75x
|
41.19x
|
23.07x
|
17.88x
|
21.88x
|
26.41x
|
| Margins | ||||||||||
| Gross margin |
48.79%
|
46.91%
|
46.21%
|
44.13%
|
43.31%
|
41.78%
|
38.23%
|
37.82%
|
38.34%
|
38.47%
|
| Operating margin |
33.01%
|
31.97%
|
31.51%
|
29.82%
|
30.29%
|
29.78%
|
24.15%
|
24.57%
|
26.69%
|
26.76%
|
| Pretax margin |
33.26%
|
31.89%
|
31.58%
|
29.67%
|
30.20%
|
29.85%
|
24.44%
|
25.27%
|
27.45%
|
27.96%
|
| Profit margin |
27.60%
|
26.92%
|
23.97%
|
25.31%
|
25.31%
|
25.88%
|
20.91%
|
21.24%
|
22.41%
|
21.09%
|
| EBITDA margin |
35.81%
|
34.78%
|
34.44%
|
32.83%
|
33.10%
|
32.87%
|
28.17%
|
29.39%
|
30.80%
|
31.19%
|
| Effective tax rate |
16.99%
|
15.61%
|
24.09%
|
14.72%
|
16.20%
|
13.30%
|
14.43%
|
15.94%
|
18.34%
|
24.56%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Electronic Computers (SIC 3571)
- Listed as
- AAPL (Nasdaq)
- Fiscal year ends
- September 26
- Incorporated in
- CA
- Headquarters
- Cupertino, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 320193
- Former names
- APPLE INC (until Aug 5, 2019); APPLE COMPUTER INC (until Jan 4, 2007); APPLE COMPUTER INC/ FA (until Jul 28, 1997)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.