Apple Inc. (AAPL)
Technology · Consumer Electronics · NasdaqGS
Apple Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $215.64B | $229.23B | $265.60B | $260.17B | $274.51B | $365.82B | $394.33B | $383.29B | $391.04B | $416.16B |
| Gross profit | $84.26B | $88.19B | $101.84B | $98.39B | $104.96B | $152.84B | $170.78B | $169.15B | $180.68B | $195.20B |
| Net income | $45.69B | $48.35B | $59.53B | $55.26B | $57.41B | $94.68B | $99.80B | $97.00B | $93.74B | $112.01B |
| Net margin | 21.2% | 21.1% | 22.4% | 21.2% | 20.9% | 25.9% | 25.3% | 25.3% | 24.0% | 26.9% |
Source: Apple Inc. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into AAPL stock?
At today's market cap of $4.26T, Apple Inc. is priced for free-cash-flow growth of about 18.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $98.77B from the FY ending 2025-09-30). For comparison, free cash flow actually grew 6.1%/yr over the last five fiscal years and revenue 8.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Apple Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Apple Inc. financial history by metric
About Apple Inc.
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 computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple Vision Pro, Apple TV, Apple Watch, Beats products, and HomePod, as well as Apple branded and third-party accessories. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts, as well as advertising services include third-party licensing arrangements and its own advertising platforms. In addition, the company offers various subscription-based services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV, which offers exclusive original content and live sports; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers and resellers. The company was formerly known as Apple Computer, Inc. and changed its name to Apple Inc. in January 2007. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.
Apple Inc. — frequently asked questions
What is Apple Inc.'s revenue?
Apple Inc. (AAPL) reported revenue of $416.16B for fiscal year 2025, up 6.4% from the prior year, according to its SEC filings.
Is Apple Inc. profitable?
Yes. AAPL earned net income of $112.01B in fiscal 2025, a net margin of 26.9%.
What is AAPL's P/E ratio?
Apple Inc. trades at a price-to-earnings ratio of about 35.1 based on the latest data in our nightly-refreshed cache.
How fast is Apple Inc. growing?
AAPL's revenue grew at roughly 8.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Apple Inc. have?
As of fiscal year 2025, AAPL carried roughly $90.70B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Apple Inc.'s gross margin?
AAPL's gross margin was 46.9% in fiscal 2025 — gross profit of $195.20B on revenue of $416.16B.
What is Apple Inc.'s market cap?
Apple Inc. (AAPL) has a market capitalization of about $4.26T, based on the latest data in our nightly-refreshed cache.
When does Apple Inc.'s fiscal year end?
AAPL's fiscal year ends in September. Its most recent annual filing covers the fiscal year ending 2025-09-30.
What growth is priced into AAPL stock?
At today's market cap of $4.26T, Apple Inc. is priced for free-cash-flow growth of about 18.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $98.77B from the FY ending 2025-09-30). For comparison, free cash flow actually grew 6.1%/yr over the last five fiscal years and revenue 8.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Apple Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.