Apple Inc.

AAPLNASDAQ

$351.14

Last price · USD

Market cap: $5.27T
P/E: 47.1x
EV / EBITDA: 37.0x
P/S: 12.7x
FCF yield: 1.9%
Div. yield: 0.29%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Apple Inc. income statement

Annual · USD millions except per-share data · 27 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Revenue & gross profit
Revenue	416,161	391,035	383,285	394,328	365,817	+3.3%
Cost of revenue	220,960	210,352	214,137	223,546	212,981	+0.9%
Gross profit	195,201	180,683	169,148	170,782	152,836	+6.3%
Operating expenses & income
Research & development	34,550	31,370	29,915	26,251	21,914	+12.1%
General & administrative	27,601	7,458	0	0	0	—
Selling & marketing	0	18,639	0	0	0	—
SG&A (combined)	27,601	26,097	24,932	25,094	21,973	+5.9%
Total operating expenses	62,151	57,467	54,847	51,345	43,887	+9.1%
Cost and expenses	283,111	267,819	268,984	274,891	256,868	+2.5%
Operating income	133,050	123,216	114,301	119,437	108,949	+5.1%
Non-operating & other
Interest income	0	0	3,750	2,825	2,843	—
Interest expense	0	0	3,933	2,931	2,645	—
Net interest income	0	0	(183)	(106)	198	—
Non-operating income (excl. interest)	321	(269)	(3,368)	(2,597)	(2,903)	—
Total other income (expenses), net	(321)	269	(565)	(334)	258	—
Profitability
Depreciation & amortization	11,698	11,445	11,519	11,104	11,284	+0.9%
Income before tax	132,729	123,485	113,736	119,103	109,207	+5.0%
Income tax expense	20,719	29,749	16,741	19,300	14,527	+9.3%
Net income from continuing operations	112,010	93,736	96,995	99,803	94,680	+4.3%
Net income	112,010	93,736	96,995	99,803	94,680	+4.3%
Bottom line net income	112,010	93,736	96,995	99,803	94,680	+4.3%
Additional fields
Ebit	132,729	123,485	117,669	122,034	111,852	+4.4%
Ebitda	144,427	134,930	129,188	133,138	123,136	+4.1%
Eps	$7.49	$6.11	$6.16	$6.15	$5.67	+7.2%
Eps Diluted	$7.46	$6.08	$6.13	$6.11	$5.61	+7.4%
Weighted Average Shs Out	14,949	15,344	15,744	16,216	16,701	-2.7%
Weighted Average Shs Out Dil	15,005	15,408	15,813	16,326	16,865	-2.9%