Apple Inc. (AAPL) financial statements: income statement, balance sheet and cash flow
Apple Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 27, 2025 · FY), Apple Inc. reported revenue of $416.2B (+6.4% year on year) and net income of $112.0B (+19.5% year on year).
Income statement
Apple Inc. income statement, fiscal years
Line item
Sep 27, 2025 · FY
Sep 28, 2024 · FY
Sep 30, 2023 · FY
Sep 24, 2022 · FY
Net sales
$416.2B
$391.0B
$383.3B
$394.3B
Cost of sales
$221.0B
$210.4B
$214.1B
$223.5B
Gross margin
$195.2B
$180.7B
$169.1B
$170.8B
Research and development
$34.5B
$31.4B
$29.9B
$26.3B
Selling, general and administrative
$27.6B
$26.1B
$24.9B
$25.1B
Total operating expenses
$62.2B
$57.5B
$54.8B
$51.3B
Operating income
$133.1B
$123.2B
$114.3B
$119.4B
Other income/(expense), net
($321.0M)
$269.0M
($565.0M)
($334.0M)
Income before provision for income taxes
$132.7B
$123.5B
$113.7B
$119.1B
Provision for income taxes
$20.7B
$29.7B
$16.7B
$19.3B
Net income
$112.0B
$93.7B
$97.0B
$99.8B
Basic (in dollars per share)
$7.49
$6.11
$6.16
$6.15
Diluted (in dollars per share)
$7.46
$6.08
$6.13
$6.11
Basic (in shares)
14.9B
15.3B
15.7B
16.2B
Diluted (in shares)
15.0B
15.4B
15.8B
16.3B
Apple Inc. income statement, quarters
Line item
Jun 27, 2026 · Q3
Mar 28, 2026 · Q2
Dec 27, 2025 · Q1
Jun 28, 2025 · Q3
Net sales
$109.4B
$111.2B
$143.8B
$94.0B
Cost of sales
$54.6B
$56.4B
$74.5B
$50.3B
Gross margin
$54.8B
$54.8B
$69.2B
$43.7B
Research and development
$11.7B
$11.4B
$10.9B
$8.9B
Selling, general and administrative
$7.3B
$7.5B
$7.5B
$6.7B
Total operating expenses
$19.1B
$18.9B
$18.4B
$15.5B
Operating income
$35.7B
$35.9B
$50.9B
$28.2B
Other income/(expense), net
$572.0M
($52.0M)
$150.0M
($171.0M)
Income before provision for income taxes
$36.3B
$35.8B
$51.0B
$28.0B
Provision for income taxes
$6.5B
$6.3B
$8.9B
$4.6B
Net income
$29.8B
$29.6B
$42.1B
$23.4B
Basic (in dollars per share)
$2.03
$2.02
$2.85
$1.57
Diluted (in dollars per share)
$2.02
$2.01
$2.84
$1.57
Basic (in shares)
14.7B
14.7B
14.7B
14.9B
Diluted (in shares)
14.7B
14.7B
14.8B
14.9B
Balance sheet
Apple Inc. balance sheet, fiscal years
Line item
Sep 27, 2025 · FY
Sep 28, 2024 · FY
Sep 30, 2023 · FY
Sep 24, 2022 · FY
Cash and cash equivalents
$35.9B
$29.9B
$30.0B
$23.6B
Marketable securities
$18.8B
$35.2B
$31.6B
$24.7B
Accounts receivable, net
$39.8B
$33.4B
$29.5B
$28.2B
Vendor non-trade receivables
$33.2B
$32.8B
$31.5B
$32.7B
Inventories
$5.7B
$7.3B
$6.3B
$4.9B
Other current assets
$14.6B
$14.3B
$14.7B
$21.2B
Total current assets
$148.0B
$153.0B
$143.6B
$135.4B
Marketable securities
$77.7B
$91.5B
$100.5B
$120.8B
Property, plant and equipment, net
$49.8B
$45.7B
$43.7B
$42.1B
Other non-current assets
$83.7B
$74.8B
$64.8B
$54.4B
Total non-current assets
$211.3B
$212.0B
$209.0B
$217.3B
Total assets
$359.2B
$365.0B
$352.6B
$352.8B
Accounts payable
$69.9B
$69.0B
$62.6B
$64.1B
Other current liabilities
$66.4B
$78.3B
$58.8B
$60.8B
Deferred revenue
$9.1B
$8.2B
$8.1B
$7.9B
Commercial paper
$8.0B
$10.0B
$6.0B
$10.0B
Term debt
$12.3B
$10.9B
$9.8B
$11.1B
Total current liabilities
$165.6B
$176.4B
$145.3B
$154.0B
Term debt
$78.3B
$85.8B
$95.3B
$99.0B
Other non-current liabilities
$41.5B
$45.9B
$49.8B
$49.1B
Total non-current liabilities
$119.9B
$131.6B
$145.1B
$148.1B
Total liabilities
$285.5B
$308.0B
$290.4B
$302.1B
Common stock, shares outstanding (in shares)
14.8B
15.1B
15.6B
—
Common stock, shares issued (in shares)
14.8B
15.1B
15.6B
—
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 14,773,260 and 15,116,786 shares issued and outstanding, respectively
93.6B
83.3B
73.8B
64.8B
Accumulated deficit
($14.3B)
($19.2B)
($214.0M)
($3.1B)
Accumulated other comprehensive loss
($5.6B)
($7.2B)
($11.5B)
($11.1B)
Total shareholders’ equity
$73.7B
$57.0B
$62.1B
$50.7B
Total liabilities and shareholders’ equity
$359.2B
$365.0B
$352.6B
$352.8B
Apple Inc. balance sheet, quarters
Line item
Jun 27, 2026
Mar 28, 2026
Dec 27, 2025
Jun 28, 2025
Cash and cash equivalents
$39.5B
$45.6B
$45.3B
$36.3B
Marketable securities
$22.9B
$22.9B
$21.6B
$19.1B
Accounts receivable, net
$31.4B
$30.3B
$39.9B
$27.6B
Vendor non-trade receivables
$27.5B
$23.2B
$30.4B
$19.3B
Inventories
$11.1B
$6.7B
$5.9B
$5.9B
Other current assets
$17.4B
$15.3B
$15.0B
$14.4B
Total current assets
$149.8B
$144.1B
$158.1B
$122.5B
Marketable securities
$84.1B
$78.1B
$77.9B
$77.6B
Property, plant and equipment, net
$51.4B
$50.1B
$50.2B
$48.5B
Intangible assets, net
$20.3B
$21.3B
—
—
Other non-current assets
$77.6B
$77.4B
$93.1B
$82.9B
Total non-current assets
$233.4B
$227.0B
$221.2B
$209.0B
Total assets
$383.3B
$371.1B
$379.3B
$331.5B
Accounts payable
$64.5B
$57.3B
$70.6B
$50.4B
Other current liabilities
$62.3B
$57.7B
$68.5B
$62.5B
Deferred revenue
$9.5B
$9.3B
$9.4B
$9.0B
Commercial paper
$2.0B
$2.0B
$2.0B
$9.9B
Term debt
$11.0B
$8.3B
$11.8B
$9.3B
Total current liabilities
$149.3B
$134.6B
$162.4B
$141.1B
Term debt
$71.3B
$74.4B
$76.7B
$82.4B
Other non-current liabilities
$55.1B
$55.5B
$52.1B
$42.1B
Total non-current liabilities
$126.4B
$129.9B
$128.7B
$124.5B
Total liabilities
$275.7B
$264.6B
$291.1B
$265.7B
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 14,608,963 and 14,773,260 shares issued and outstanding, respectively
100.7B
99.5B
95.2B
89.8B
Retained earnings/(Accumulated deficit)
$11.3B
$12.4B
($2.2B)
($17.6B)
Accumulated other comprehensive loss
($4.5B)
($5.4B)
($4.9B)
($6.4B)
Total shareholders’ equity
$107.5B
$106.5B
$88.2B
$65.8B
Total liabilities and shareholders’ equity
$383.3B
$371.1B
$379.3B
$331.5B
Cash flow statement
Apple Inc. cash flow statement, fiscal years
Line item
Sep 27, 2025 · FY
Sep 28, 2024 · FY
Sep 30, 2023 · FY
Sep 24, 2022 · FY
Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances
$29.9B
$30.7B
$25.0B
$35.9B
Net income
$112.0B
$93.7B
$97.0B
$99.8B
Depreciation and amortization
$11.7B
$11.4B
$11.5B
$11.1B
Share-based compensation expense
$12.9B
$11.7B
$10.8B
$9.0B
Other
($89.0M)
($2.3B)
($2.2B)
$111.0M
Accounts receivable, net
($6.7B)
($3.8B)
($1.7B)
($1.8B)
Vendor non-trade receivables
($347.0M)
($1.4B)
$1.3B
($7.5B)
Inventories
$1.4B
($1.0B)
($1.6B)
$1.5B
Other current and non-current assets
($9.2B)
($11.7B)
($5.7B)
($6.5B)
Accounts payable
$902.0M
$6.0B
($1.9B)
$9.4B
Other current and non-current liabilities
($11.1B)
$15.6B
$3.0B
$5.6B
Cash generated by operating activities
$111.5B
$118.3B
$110.5B
$122.2B
Purchases of marketable securities
($24.4B)
($48.7B)
($29.5B)
($76.9B)
Proceeds from maturities of marketable securities
$40.9B
$51.2B
$39.7B
$29.9B
Proceeds from sales of marketable securities
$12.9B
$11.1B
$5.8B
$37.4B
Payments for acquisition of property, plant and equipment
($12.7B)
($9.4B)
($11.0B)
($10.7B)
Other
($1.5B)
($1.3B)
($1.3B)
($1.8B)
Cash generated by investing activities
$15.2B
$2.9B
$3.7B
($22.4B)
Payments for taxes related to net share settlement of equity awards
($6.0B)
($5.4B)
($5.4B)
($6.2B)
Payments for dividends and dividend equivalents
($15.4B)
($15.2B)
($15.0B)
($14.8B)
Repurchases of common stock
($90.7B)
($94.9B)
($77.5B)
($89.4B)
Proceeds from issuance of term debt, net
$4.5B
$0
$5.2B
$5.5B
Repayments of term debt
($10.9B)
($10.0B)
($11.2B)
($9.5B)
Proceeds from/(Repayments of) commercial paper, net
($2.0B)
$4.0B
($4.0B)
$4.0B
Other
($111.0M)
($361.0M)
($581.0M)
($160.0M)
Cash used in financing activities
($120.7B)
($122.0B)
($108.5B)
($110.7B)
Increase/(Decrease) in cash, cash equivalents, and restricted cash and cash equivalents
$6.0B
($794.0M)
$5.8B
($11.0B)
Cash, cash equivalents, and restricted cash and cash equivalents, ending balances
$35.9B
$29.9B
—
—
Cash paid for income taxes, net
$43.4B
$26.1B
$18.7B
$19.6B
Apple Inc. cash flow statement, quarters
Line item
Jun 27, 2026 · YTD
Mar 28, 2026 · YTD
Dec 27, 2025 · Q1
Jun 28, 2025 · YTD
Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances
$35.9B
$35.9B
$35.9B
$29.9B
Net income
$101.5B
$71.7B
$42.1B
$84.5B
Depreciation and amortization
$10.0B
$6.7B
$3.2B
$8.6B
Share-based compensation expense
$10.5B
$7.1B
$3.6B
$9.7B
Other
($2.0B)
($1.7B)
($528.0M)
($1.7B)
Accounts receivable, net
$8.3B
$9.3B
($153.0M)
$5.7B
Vendor non-trade receivables
$5.7B
$10.0B
$2.8B
$13.6B
Inventories
($5.5B)
($1.1B)
($211.0M)
$1.2B
Other current and non-current assets
($16.3B)
($14.3B)
($10.3B)
($6.1B)
Accounts payable
($5.2B)
($12.3B)
$848.0M
($18.5B)
Other current and non-current liabilities
$10.0B
$7.3B
$12.5B
($15.2B)
Cash generated by operating activities
$117.0B
$82.6B
$53.9B
$81.8B
Purchases of marketable securities
($48.8B)
($32.4B)
($12.7B)
($17.6B)
Proceeds from maturities of marketable securities
$26.5B
$18.7B
$7.5B
$35.0B
Proceeds from sales of marketable securities
$12.0B
$8.6B
$2.8B
$10.8B
Payments for acquisition of property, plant and equipment
($6.8B)
($4.3B)
($2.4B)
($9.5B)
Other
($1.8B)
($1.6B)
($154.0M)
($975.0M)
Cash generated by/(used in) investing activities
($18.8B)
($11.1B)
($4.9B)
$17.8B
Payments for taxes related to net share settlement of equity awards
($6.5B)
($3.3B)
($2.9B)
($5.7B)
Payments for dividends and dividend equivalents
($11.8B)
($7.7B)
($3.9B)
($11.6B)
Repurchases of common stock
($62.1B)
($37.0B)
($24.7B)
($70.6B)
Proceeds from issuance of term debt, net
$0
—
—
$4.5B
Repayments of term debt
($8.1B)
($7.9B)
($2.2B)
($9.7B)
Repayments of commercial paper, net
($5.9B)
($5.9B)
($5.9B)
($65.0M)
Other
($184.0M)
($126.0M)
($38.0M)
($87.0M)
Cash used in financing activities
($94.6B)
($61.9B)
($39.7B)
($93.2B)
Increase in cash, cash equivalents, and restricted cash and cash equivalents
$3.6B
$9.6B
$9.4B
$6.3B
Cash, cash equivalents, and restricted cash and cash equivalents, ending balances