AAPL (Apple Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal ...

CEOTimothy D. Cook

Country🇺🇸 United States

ExchangeNASDAQ

IPODec 12, 1980

www.apple.com

Revenue$143.8B

YoY Growth+15.7%

QoQ Growth+40.3%

Net Income$42.1B

EPS$2.84

Free Cash Flow$51.6B

Gross Margin48.2%

Op. Margin35.4%

Net Margin29.3%

FCF Margin35.9%

Rev Multiple (TTM)8.8x

P/E Ratio (TTM)32.4x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q2 23	$94.8B	$42.0B	$28.3B
Q3 23	$81.8B	$36.4B	$23.0B
Q4 23	$89.5B	$40.4B	$27.0B
Q1 24	$119.6B	$54.9B	$40.4B
Q2 24	$90.8B	$42.3B	$27.9B
Q3 24	$85.8B	$39.7B	$25.4B
Q4 24	$94.9B	$43.9B	$29.6B
Q1 25	$124.3B	$58.3B	$42.8B
Q2 25	$95.4B	$44.9B	$29.6B
Q3 25	$94.0B	$43.7B	$28.2B
Q4 25	$102.5B	$48.3B	$32.4B
Q1 26	$143.8B	$69.2B	$50.9B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q2 23	9.9x	40.5x
Q3 23	9.9x	40.3x
Q4 23	10.0x	39.4x
Q1 24	9.9x	37.8x
Q2 24	10.0x	38.0x
Q3 24	9.9x	37.4x
Q4 24	9.8x	40.7x
Q1 25	9.6x	39.7x
Q2 25	9.5x	39.2x
Q3 25	9.3x	38.5x
Q4 25	9.2x	34.1x
Q1 26	8.8x	32.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$28.6B	$25.6B
Q3 23	$26.4B	$24.3B
Q4 23	$21.6B	$19.4B
Q1 24	$39.9B	$37.5B
Q2 24	$22.7B	$20.7B
Q3 24	$28.9B	$26.7B
Q4 24	$26.8B	$23.9B
Q1 25	$29.9B	$27.0B
Q2 25	$24.0B	$20.9B
Q3 25	$27.9B	$24.4B
Q4 25	$29.7B	$26.5B
Q1 26	$53.9B	$51.6B

Capital Expenditures

CapEx

Quarter	CapEx
Q2 23	$2.9B
Q3 23	$2.1B
Q4 23	$2.2B
Q1 24	$2.4B
Q2 24	$2.0B
Q3 24	$2.2B
Q4 24	$2.9B
Q1 25	$2.9B
Q2 25	$3.1B
Q3 25	$3.5B
Q4 25	$3.2B
Q1 26	$2.4B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	-2.5%	-1.2%
Q3 23	-1.4%	-1.8%
Q4 23	-0.7%	-4.2%
Q1 24	+2.1%	-2.4%
Q2 24	-4.3%	-5.5%
Q3 24	+4.9%	+2.8%
Q4 24	+6.1%	+4.5%
Q1 25	+4.0%	+2.9%
Q2 25	+5.1%	+4.6%
Q3 25	+9.6%	+9.0%
Q4 25	+7.9%	+7.2%
Q1 26	+15.7%	+14.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$2.7B	2.8%
Q3 23	$2.6B	3.2%
Q4 23	$2.6B	2.9%
Q1 24	$3.0B	2.5%
Q2 24	$3.0B	3.3%
Q3 24	$2.9B	3.3%
Q4 24	$2.9B	3.0%
Q1 25	$3.3B	2.6%
Q2 25	$3.2B	3.4%
Q3 25	$3.2B	3.4%
Q4 25	$3.2B	3.1%
Q1 26	$3.6B	2.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 23	$7.5B	—	—	$6.2B
Q3 23	$7.4B	—	—	$6.0B
Q4 23	$7.3B	—	—	$6.2B
Q1 24	$7.7B	—	—	$6.8B
Q2 24	$7.9B	—	—	$6.5B
Q3 24	$8.0B	—	—	$6.3B
Q4 24	$7.8B	—	—	$6.5B
Q1 25	$8.3B	$2.1B	$5.1B	—
Q2 25	$8.6B	—	—	$6.7B
Q3 25	$8.9B	—	—	$6.7B
Q4 25	$8.9B	—	—	$7.0B
Q1 26	$10.9B	$2.1B	$5.4B	—

Revenue Segments

Quarter	Mac	Service	Wearables, Home and Accessories	I Pad	I Phone
Q2 23	$7.2B	$20.9B	$8.8B	$6.7B	$51.3B
Q3 23	$6.8B	$21.2B	$8.3B	$5.8B	$39.7B
Q4 23	$7.6B	$22.3B	$9.3B	$6.4B	$43.8B
Q1 24	$7.8B	$23.1B	$12.0B	$7.0B	$69.7B
Q2 24	$7.5B	$23.9B	$7.9B	$5.6B	$46.0B
Q3 24	$7.0B	$24.2B	$8.1B	$7.2B	$39.3B
Q4 24	$7.7B	$25.0B	$9.0B	$7.0B	$46.2B
Q1 25	$9.0B	$26.3B	$11.7B	$8.1B	$69.1B
Q2 25	$7.9B	$26.6B	$7.5B	$6.4B	$46.8B
Q3 25	$8.0B	$27.4B	$7.4B	$6.6B	$44.6B
Q4 25	$8.7B	$28.8B	$9.0B	$7.0B	$49.0B
Q1 26	$8.4B	$30.0B	$11.5B	$8.6B	$85.3B

Revenue by Geography

Quarter	Americas Segment	Europe Segment	Greater China Segment	Japan Segment	Rest of Asia Pacific Segment
Q2 23	$37.8B	$23.9B	$17.8B	$7.2B	$8.1B
Q3 23	$35.4B	$20.2B	$15.8B	$4.8B	$5.6B
Q4 23	$40.1B	$22.5B	$15.1B	$5.5B	$6.3B
Q1 24	$50.4B	$30.4B	$20.8B	$7.8B	$10.2B
Q2 24	$37.3B	$24.1B	$16.4B	$6.3B	$6.7B
Q3 24	$37.7B	$21.9B	$14.7B	$5.1B	$6.4B
Q4 24	$41.7B	$24.9B	$15.0B	$5.9B	$7.4B
Q1 25	$52.6B	$33.9B	$18.5B	$9.0B	$10.3B
Q2 25	$40.3B	$24.5B	$16.0B	$7.3B	$7.3B
Q3 25	$41.2B	$24.0B	$15.4B	$5.8B	$7.7B
Q4 25	$44.2B	$28.7B	$14.5B	$6.6B	$8.4B
Q1 26	$58.5B	$38.1B	$25.5B	$9.4B	$12.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 23	$24.7B	$31.2B	$55.9B
Q3 23	$28.4B	$34.1B	$62.5B
Q4 23	$30.0B	$31.6B	$61.6B
Q1 24	$40.8B	$32.3B	$73.1B
Q2 24	$32.7B	$34.5B	$67.2B
Q3 24	$25.6B	$36.2B	$61.8B
Q4 24	$29.9B	$35.2B	$65.2B
Q1 25	$30.3B	$23.5B	$53.8B
Q2 25	$28.2B	$20.3B	$48.5B
Q3 25	$36.3B	$19.1B	$55.4B
Q4 25	$35.9B	$18.8B	$54.7B
Q1 26	$45.3B	$21.6B	$66.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q2 23	15.85B	-0.7%
Q3 23	15.78B	-0.5%
Q4 23	15.67B	-0.7%
Q1 24	15.58B	-0.6%
Q2 24	15.46B	-0.7%
Q3 24	15.35B	-0.8%
Q4 24	15.24B	-0.7%
Q1 25	15.15B	-0.6%
Q2 25	15.06B	-0.6%
Q3 25	14.95B	-0.7%
Q4 25	15.00B	+0.4%
Q1 26	14.81B	-1.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$2M	93K
FY 15	$2M	110K
FY 16	$2M	116K
FY 17	$2M	123K
FY 18	$2M	132K
FY 19	$2M	137K
FY 20	$2M	147K
FY 21	$2M	154K
FY 22	$2M	164K
FY 23	$2M	161K
FY 24	$2M	164K
FY 25	$3M	166K