NASDAQ · Technology · Fiscal year endsFY ends September

Apple Inc.

AAPL

$331.13-7.19 (-2.13%)Today

52-week low $243.42high $351.73

5.9% below its 52-week high

Next earningsJan 27, 2027

Revenue by fiscal year, $ billions

2.1x over the years shown (FY17–FY26)

Fiscal years · gold is the latest

229

FY17

266

FY18+16%

260

FY19-2%

275

FY20+6%

366

FY21+33%

394

FY22+8%

383

FY23-3%

391

FY24+2%

416

FY25+6%

479

FY26+15%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Income
Revenue	229.2	265.6	260.2	274.5	365.8	394.3	383.3	391.0	416.2	478.8
Revenue growth	+6%	+16%	-2%	+6%	+33%	+8%	-3%	+2%	+6%	+15%
Gross margin	38.5%	38.3%	37.8%	38.2%	41.8%	43.3%	44.1%	46.2%	46.9%	48.8%
Operating income	61.3	70.9	63.9	66.3	108.9	119.4	114.3	123.2	133.1	158.1
Operating margin	26.8%	26.7%	24.6%	24.1%	29.8%	30.3%	29.8%	31.5%	32.0%	33.0%
Net income	48.4	59.5	55.3	57.4	94.7	99.8	97.0	93.7	112.0	132.2
Net margin	21.1%	22.4%	21.2%	20.9%	25.9%	25.3%	25.3%	24.0%	26.9%	27.6%
Cash flow
Operating cash flow	64.2^†	77.4	69.4	80.7	104.0	122.2	110.5	118.3	111.5	145.1
Capital expenditure	12.45	13.31	10.50	7.31	11.09	10.71	10.96	9.45	12.72	9.04
Free cash flow (calculated)	51.8^†	64.1	58.9	73.4	93.0	111.4	99.6	108.8	98.8	136.1
Share repurchases	32.90	72.74	66.90	72.36	85.97	89.40	77.55	94.95	90.71	86.39
Balance sheet
Cash and equivalents	20.29	25.91	48.84	38.02	34.94	23.65	29.97	29.94	35.93	36.31
Total assets	375.3	365.7	338.5	323.9	351.0	352.8	352.6	365.0	359.2	404.5
Total equity	134.0	107.1	90.5	65.3	63.1	50.7	62.1	57.0	73.7	112.1

Source: Apple Inc.'s 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in September.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.