Apple Quarterly Income Statement
NASDAQ: AAPLTechnologyComputer ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Apple revenue and earnings
In the quarter ended Jun 27, 2026, Apple generated $109.42 billion in revenue, up 16.4% from the same quarter a year earlier. Net income was $29.79 billion (+27.1% year over year), for a net margin of 27.2% versus a median of 26.6% in the prior 5 quarters. Gross margin was 50.1% (up from 46.5%) and operating margin 32.6%.
Diluted earnings per share came in at $2.02, up from $1.57.
Summary generated from market data by MetaCap's automated system. Methodology
Apple income statement (quarterly)
| Quarter (USD) | Q3 20262026-06-27 | Q2 20262026-03-28 | Q1 20262025-12-27 | Q4 20252025-09-27 | Q3 20252025-06-28 | Q2 20252025-03-29 | Q1 20252024-12-28 | Q4 20242024-09-28 | Q3 20242024-06-29 | Q2 20242024-03-30 | Q1 20242023-12-30 | Q4 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 109.42B | 111.18B | 143.76B | 102.47B | 94.04B | 95.36B | 124.30B | 94.93B | 85.78B | 90.75B | 119.58B | 89.50B |
| Revenue growth (YoY) | +16.36% | +16.60% | +15.65% | +7.94% | +9.63% | +5.08% | +3.95% | +6.07% | +4.87% | -4.31% | +2.07% | -0.72% |
| Cost of Revenue | 54.65B | 56.40B | 74.53B | 54.13B | 50.32B | 50.49B | 66.03B | 51.05B | 46.10B | 48.48B | 64.72B | 49.07B |
| Gross Profit | 54.77B | 54.78B | 69.23B | 48.34B | 43.72B | 44.87B | 58.27B | 43.88B | 39.68B | 42.27B | 54.85B | 40.43B |
| Operating Expenses | 19.07B | 18.90B | 18.38B | 15.91B | 15.52B | 15.28B | 15.44B | 14.29B | 14.33B | 14.37B | 14.48B | 13.46B |
| Research & Development | 11.73B | 11.42B | 10.89B | 8.87B | 8.87B | 8.55B | 8.27B | 7.76B | 8.01B | 7.90B | 7.70B | 7.31B |
| Selling, General & Admin | 7.35B | 7.48B | 7.49B | 7.05B | 6.65B | 6.73B | 7.17B | 6.52B | 6.32B | 6.47B | 6.79B | 6.15B |
| Operating Income | 35.70B | 35.88B | 50.85B | 32.43B | 28.20B | 29.59B | 42.83B | 29.59B | 25.35B | 27.90B | 40.37B | 26.97B |
| Interest Expense | — | — | — | — | — | — | — | — | — | — | — | 1.00B |
| Other Income (Expense) | 572.00M | -52.00M | 150.00M | 377.00M | -171.00M | -279.00M | -248.00M | 19.00M | 142.00M | 158.00M | -50.00M | 29.00M |
| Pretax Income | 36.27B | 35.83B | 51.00B | 32.80B | 28.03B | 29.31B | 42.58B | 29.61B | 25.49B | 28.06B | 40.32B | 27.00B |
| Income Tax | 6.48B | 6.25B | 8.90B | 5.34B | 4.60B | 4.53B | 6.25B | 14.87B | 4.05B | 4.42B | 6.41B | 4.04B |
| Net Income | 29.79B | 29.58B | 42.10B | 27.47B | 23.43B | 24.78B | 36.33B | 14.74B | 21.45B | 23.64B | 33.92B | 22.96B |
| Net Income growth (YoY) | +27.12% | +19.36% | +15.87% | +86.39% | +9.26% | +4.84% | +7.12% | -35.81% | +7.88% | -2.17% | +13.06% | +10.79% |
| EPS (Basic) | 2.03 | 2.02 | 2.85 | 1.86 | 1.57 | 1.65 | 2.41 | 0.99 | 1.40 | 1.53 | 2.19 | 1.47 |
| EPS (Diluted) | 2.02 | 2.01 | 2.84 | 1.84 | 1.57 | 1.65 | 2.40 | 0.97 | 1.40 | 1.53 | 2.18 | 1.47 |
| Shares Outstanding (Basic) | 14.66B | 14.67B | 14.75B | — | 14.90B | 14.99B | 15.08B | — | 15.29B | 15.41B | 15.51B | — |
| Shares Outstanding (Diluted) | 14.71B | 14.73B | 14.81B | — | 14.95B | 15.06B | 15.15B | — | 15.35B | 15.46B | 15.58B | — |
| EBITDA | 39.02B | 39.32B | 54.07B | 35.55B | 31.03B | 32.25B | 45.91B | 32.50B | 28.20B | 30.74B | 43.22B | 29.62B |
| Gross Margin | 50.06% | 49.27% | 48.16% | 47.18% | 46.49% | 47.05% | 46.88% | 46.22% | 46.26% | 46.58% | 45.87% | 45.17% |
| Operating Margin | 32.62% | 32.28% | 35.37% | 31.65% | 29.99% | 31.03% | 34.46% | 31.17% | 29.56% | 30.74% | 33.76% | 30.13% |
| Net Margin | 27.23% | 26.60% | 29.28% | 26.80% | 24.92% | 25.99% | 29.23% | 15.52% | 25.00% | 26.04% | 28.36% | 25.65% |
This table shows 12 quarterly periods of Apple's income statement, from Q3 2026 back to Q4 2023, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow AAPL's reporting calendar. What is a income statement?