Apple AAPL
Consumer hardware, operating systems & digital services. Apple Inc., listed on NASDAQ.
Based on the FY2026 annual report (Sep 2025 – Sep 2026)
Apple's market cap is
about $5.002 trillion.
#1 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2026 revenue was $478.834B.
- Share price (close)
- $344.17
- P/E ratio
- 38.3x
- Market cap
- $5.002T
- Revenue
- $478.834B
- Operating income
- $158.063B
- Net income
- $132.175B
- Free cash flow
- $136.056B
- Total assets
- $404.548B
- Dividends paid
- $15.721B
- Dividend per share
- $1.06
- Dividend yield
- 0.3%
- Shares outstanding
- 14,532,259,000 shares
Where the revenue went
Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.
- Cost of revenue51.2%
- R&D9.6%
- SG&A and other6.2%
- Taxes, interest & other5.4%
- Net income27.6%
Profitability and stability
Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.
- Revenue growthHow much revenue grew from the previous fiscal year
- +15.1%
- #75 of 299
- Revenue is growing steadily. The median across 299 companies is +7.9%.
- Operating marginShare of revenue kept as profit from the core business
- 33.0%
- #38 of 231
- 33.0% of revenue was kept as operating profit, which is very high. The median across 231 companies is 19.2%.
- Net marginShare of revenue left as profit after interest and taxes
- 27.6%
- #53 of 298
- After taxes, 27.6% of revenue was left as net income. The median across 298 companies is 14.0%.
- FCF marginShare of revenue left as cash after capital spending
- 28.4%
- #50 of 261
- Plenty of cash is left after capital spending. The median across 261 companies is 15.8%.
- ROEHow much profit the company earned on shareholders' equity in a year
- 142.3%
- #8 of 276
- Equity is small, so ROE comes out very high. The median across 276 companies is 16.8%.
- Debt-to-equityLiabilities relative to equity. Lower means less debt
- 260.9%
- #169 of 244
- Liabilities are more than twice equity. The median across 244 companies is 159.6%.
Revenue and profit over time
Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.
Where the cash went
Unlike profit, cash flow is money that actually came in and went out.
- Cash from operations$145.097B
- Capital spending−$9.041B
- Free cash flow (FCF)$136.056B
- Dividends paid−$15.721B
Whose money funds the assets
The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).
- Total assets$404.548B
- Total liabilities$292.455B
- Total equity$112.093B
- Cash and equivalents$36.305B
Compared with similar companies
Based on each company's latest annual report, so fiscal year ends may differ.
Compare in detail| Company | Annual revenue | Net income | Revenue growth | Operating margin | Net margin |
|---|---|---|---|---|---|
| AppleAAPL | $478.834B | $132.175B | +15.1% | 33.0% | 27.6% |
| MicrosoftMSFT | $331.839B | $133.749B | +17.8% | 46.8% | 40.3% |
| Alphabet (Google)GOOGL | $402.836B | $132.17B | +15.1% | 32.0% | 32.8% |
| AmazonAMZN | $716.924B | $77.67B | +12.4% | 11.2% | 10.8% |
| Meta PlatformsMETA | $200.966B | $60.458B | +22.2% | 41.4% | 30.1% |
| QualcommQCOM | $43.12B | $13.628B | −2.6% | 20.1% | 31.6% |
What the company does
Apple designs the iPhone, Mac, iPad and Apple Watch and runs the iOS and macOS ecosystem, earning a growing share of revenue from services such as the App Store, iCloud, Apple Pay and subscriptions.
- Products: iPhone, Mac, iPad, Wearables, Home and Accessories
- Services: App Store, iCloud, Apple Music, Apple TV+, AppleCare, payments and advertising
- Geographic segments: Americas, Europe, Greater China, Japan, Rest of Asia Pacific
The fiscal year ends in late September (on the last Saturday of September). Large share buybacks keep stockholders' equity relatively small, so ROE and the debt-to-equity ratio look high.
Related companies: Microsoft, Alphabet (Google), Amazon, Meta Platforms, Qualcomm
Financial statements
Last 5 fiscal years. Currency: US dollars.
Show the table
| Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | 394.328B | 383.285B | 391.035B | 416.161B | 478.834B |
| Cost of revenue | 223.546B | 214.137B | 210.352B | 220.96B | 245.232B |
| Gross profit | 170.782B | 169.148B | 180.683B | 195.201B | 233.602B |
| R&D expense | 26.251B | 29.915B | 31.37B | 34.55B | 45.765B |
| Operating income | 119.437B | 114.301B | 123.216B | 133.05B | 158.063B |
| Pretax income | 119.103B | 113.736B | 123.485B | 132.729B | 159.237B |
| Net income | 99.803B | 96.995B | 93.736B | 112.01B | 132.175B |
| EPS (diluted) | $6.11 | $6.13 | $6.08 | $7.46 | $8.98 |
| Operating cash flow | 122.151B | 110.543B | 118.254B | 111.482B | 145.097B |
| Capital expenditures | 10.708B | 10.959B | 9.447B | 12.715B | 9.041B |
| Free cash flow (FCF) | 111.443B | 99.584B | 108.807B | 98.767B | 136.056B |
| Dividends paid | 14.841B | 15.025B | 15.234B | 15.421B | 15.721B |
| Total assets | 352.755B | 352.583B | 364.98B | 359.241B | 404.548B |
| Total liabilities | 302.083B | 290.437B | 308.03B | 285.508B | 292.455B |
| Total equity | 50.672B | 62.146B | 56.95B | 73.733B | 112.093B |
| Cash and equivalents | 24.977B | 30.737B | 29.943B | 35.934B | 36.305B |
| Original filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: SEC EDGAR filings for Apple Inc. · CIK 0000320193 · US-GAAP