Apple Inc.

AAPL · XNAS

CIK 320193fmd_0S1VZQWVK52QXXXE3H1H8SZDN0Manufacturing · Electronic ComputersTemplate: Standard

Coverage: Oct 01, 2006 to Sep 26, 2026, 75 periods

Income Statement · Annual · Millions · USD
Line item	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Total revenues	229,234	265,595	260,174	274,515	365,817	394,328	383,285	391,035	416,161	478,834
Cost of revenue	141,048	163,756	161,782	169,559	212,981	223,546	214,137	210,352	220,960	245,232
Gross profit	88,186	101,839	98,392	104,956	152,836	170,782	169,148	180,683	195,201	233,602
Research and development	11,581	14,236	16,217	18,752	21,914	26,251	29,915	31,370	34,550	45,765
Selling, general and administrative	15,261	16,705	18,245	19,916	21,973	25,094	24,932	26,097	27,601	29,774
Total operating expenses	26,842	30,941	34,462	38,668	43,887	51,345	54,847	57,467	62,151	75,539
Operating income	61,344	70,898	63,930	66,288	108,949	119,437	114,301	123,216	133,050	158,063
Interest expense	2,323	3,240	3,576	2,873	2,645	2,931	3,933	–	–	–
Interest and investment income	5,201	5,686	4,961	3,763	2,843	2,825	3,750	–	–	–
Other non-operating income (expense)	2,745	2,005	1,807	803	258	(334)	(565)	269	(321)	1,174
Income before taxes	64,089	72,903	65,737	67,091	109,207	119,103	113,736	123,485	132,729	159,237
Income tax expense	15,738	13,372	10,481	9,680	14,527	19,300	16,741	29,749	20,719	27,062
Net income from continuing operations	48,351	59,531	55,256	57,411	94,680	99,803	96,995	93,736	112,010	132,175
Net income	48,351	59,531	55,256	57,411	94,680	99,803	96,995	93,736	112,010	132,175