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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    394,328.0387,542.0386,017.0378,323.0365,817.0347,155.0
            Net sales growth    7.8%11.6%18.6%28.6%33.3%26.8%
Cost of sales    223,546.0219,681.0218,786.0215,572.0212,981.0204,804.0
    Gross margin    170,782.0167,861.0167,231.0162,751.0152,836.0142,351.0
            Gross margin    43.3%43.3%43.3%43.0%41.8%41.0%
   
Operating expenses:          
Research and development    26,251.025,262.024,182.023,057.021,914.021,120.0
Selling, general and administrative    25,094.024,270.023,670.022,791.021,973.021,293.0
    Total operating expenses    51,345.049,532.047,852.045,848.043,887.042,413.0
    Operating income    119,437.0118,329.0119,379.0116,903.0108,949.099,938.0
            Operating margin    30.3%30.5%30.9%30.9%29.8%28.8%
Other income/(expense), net    -334.0-635.0-382.0-34.0258.0922.0
    Income before provision for income taxes    119,103.0117,694.0118,997.0116,869.0109,207.0100,860.0
Provision for income taxes    19,300.018,061.017,062.016,314.014,527.014,058.0
    Net income    99,803.099,633.0101,935.0100,555.094,680.086,802.0
   
Earnings per share:          
Basic (in dollars per share)    $6.14$6.10$6.21$6.08$5.67$5.17
Diluted (in dollars per share)    $6.11$6.05$6.15$6.03$5.61$5.12
   
Shares used in computing earnings per share:          
Basic (in shares)    16,262.416,383.716,500.316,619.016,754.816,917.5
Diluted (in shares)    16,377.716,512.416,642.316,773.816,922.417,088.2

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