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Apple Inc. (AAPL)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJul-01-23Apr-01-23Sep-24-22Jun-25-22Mar-26-22Dec-25-21Sep-25-21Jun-26-21
   8-K8-K10-K10-Q10-Q10-Q10-K10-Q
Net sales  245,391.0284,508.090,146.082,959.097,278.0123,945.083,360.081,434.0
            Net sales growth  195.8%192.5%8.1%1.9%8.6%11.2%28.8%36.4%
Cost of sales  66,597.073,767.052,051.047,074.054,719.069,702.048,186.046,179.0
    Gross margin  36,413.041,976.038,095.035,885.042,559.054,243.035,174.035,255.0
            Gross margin  14.8%14.8%42.3%43.3%43.7%43.8%42.2%43.3%
   
Operating expenses:          
Research and development  7,442.07,457.06,761.06,797.06,387.06,306.05,772.05,717.0
Selling, general and administrative  5,973.06,201.06,440.06,012.06,193.06,449.05,616.05,412.0
    Total operating expenses  13,415.013,658.013,201.012,809.012,580.012,755.011,388.011,129.0
    Operating income  22,998.028,318.024,894.023,076.029,979.041,488.023,786.024,126.0
            Operating margin  9.4%10.0%27.6%27.8%30.8%33.5%28.5%29.6%
Other income/(expense), net    -237.0-10.0160.0-247.0-538.0243.0
    Income before provision for income taxes    24,657.023,066.030,139.041,241.023,248.024,369.0
Provision for income taxes  2,852.04,222.03,936.03,624.05,129.06,611.02,697.02,625.0
    Net income  19,881.024,160.020,721.019,442.025,010.034,630.020,551.021,744.0
   
Earnings per share:          
Basic (in dollars per share)  $1.27$1.53$1.29$1.20$1.54$2.11$1.25$1.31
Diluted (in dollars per share)  $1.26$1.52$1.29$1.20$1.52$2.10$1.23$1.30
   
Shares used in computing earnings per share:          
Basic (in shares)  15,697.615,787.216,216.016,162.916,278.816,391.716,701.316,629.4
Diluted (in shares)  15,775.015,847.116,325.816,262.216,403.316,519.316,864.916,781.7

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