Apple Inc. (AAPL) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — AAPL

Balance Sheet

(in billions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	39.54	45.57	45.32	36.27	28.16	30.30	25.57	32.70	40.76	28.41	24.69	20.54	27.50	28.10	37.12	34.05	38.47	36.01
Short-term Investments	22.86	22.94	21.59	19.10	20.34	23.48	36.24	34.46	32.34	34.07	31.19	30.82	20.73	23.41	26.79	27.65	31.37	40.82
Accounts Receivable	31.40	30.34	39.92	27.56	26.14	29.64	22.80	21.84	23.19	19.55	17.94	23.75	21.80	20.82	30.21	17.48	18.50	27.10
Inventory	11.09	6.75	5.88	5.93	6.27	6.91	6.17	6.23	6.51	7.35	7.48	6.82	5.43	5.46	5.88	5.18	5.22	4.97
Total Current Assets	149.82	144.11	158.10	122.49	118.67	133.24	125.44	128.42	143.69	122.66	112.91	128.78	112.29	118.18	153.15	114.42	121.47	154.11
Property, Plant & Equipment	51.43	50.12	50.16	48.51	46.88	46.07	44.50	43.55	43.67	43.55	43.40	42.95	40.34	39.30	39.24	38.62	37.82	37.93
Intangible Assets	25.42	25.80	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non-current Assets	233.45	226.97	221.19	209.00	212.56	210.85	206.18	209.00	209.82	212.38	219.25	217.97	224.02	232.48	228.04	215.42	215.69	199.95
Total Assets	383.27	371.08	379.30	331.50	331.23	344.09	331.61	337.41	353.51	335.04	332.16	346.75	336.31	350.66	381.19	329.84	337.16	354.05
Accounts Payable	64.53	57.35	70.59	50.37	54.13	61.91	47.57	45.75	58.15	46.70	42.95	57.92	48.34	52.68	74.36	40.41	40.13	63.85
Total Current Liabilities	149.33	134.64	162.37	141.12	144.57	144.37	131.62	123.82	133.97	124.96	120.08	137.29	129.87	127.51	147.57	107.75	106.39	132.51
Long-term Debt	82.30	82.70	88.50	91.80	92.20	94.80	98.30	102.60	106.00	105.30	107.60	109.40	108.70	113.00	117.80	105.75	108.64	99.28
Total Non-current Liabilities	126.42	129.95	128.74	124.55	119.87	132.96	133.28	139.40	145.44	149.80	149.93	152.73	148.33	155.76	161.69	157.81	161.60	155.32
Total Liabilities	275.75	264.59	291.11	265.67	264.44	277.33	264.90	263.22	279.41	274.76	270.00	290.02	278.20	283.26	309.26	265.56	267.98	287.83
Retained Earnings	11.33	12.36	(2.18)	(17.61)	(15.55)	(11.22)	(4.73)	4.34	8.24	1.41	4.34	3.24	5.29	12.71	14.44	9.23	15.26	14.30
Total Stockholder Equity	107.52	106.49	88.19	65.83	66.80	66.76	66.71	74.19	74.10	60.27	62.16	56.73	58.11	67.40	71.93	64.28	69.18	66.22

Income Statement

(in billions USD) (except per-share rows)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Total Revenue	109.42	111.18	143.76	102.47	94.04	95.36	124.30	94.93	85.78	90.75	119.58	89.50	81.80	94.84	117.15	90.15	82.96	97.28	123.95	83.36
Cost of Revenue	54.65	56.40	74.53	54.13	50.32	50.49	66.03	51.05	46.10	48.48	64.72	49.07	45.38	52.86	66.82	52.05	47.07	54.72	69.70	48.19
Gross Profit	54.77	54.78	69.23	48.34	43.72	44.87	58.28	43.88	39.68	42.27	54.86	40.43	36.41	41.98	50.33	38.10	35.89	42.56	54.24	35.17
Research & Development	11.73	11.42	10.89	8.87	8.87	8.55	8.27	7.77	8.01	7.90	7.70	7.31	7.44	7.46	7.71	6.76	6.80	6.39	6.31	5.77
Selling, General & Admin	2.31	2.28	2.10	7.05	6.65	6.73	7.18	6.52	6.32	6.47	6.79	6.15	5.97	6.20	6.61	6.44	6.01	6.19	6.45	5.62
Total Operating Expenses	19.08	18.90	18.38	15.91	15.52	15.28	15.44	14.29	14.33	14.37	14.48	13.46	13.42	13.66	14.32	13.20	12.81	12.58	12.76	11.39
Operating Income	35.70	35.89	50.85	32.43	28.20	29.59	42.83	29.59	25.35	27.90	40.37	26.97	23.00	28.32	36.02	24.89	23.08	29.98	41.49	23.79
Interest Expense	--	--	--	--	--	--	--	--	--	--	--	1.00	1.00	0.93	1.00	0.83	0.72	0.69	0.69	0.67
Pretax Income	36.27	35.83	51.00	32.80	28.03	29.31	42.58	29.61	25.49	28.06	40.32	27.00	22.73	28.38	35.62	24.66	23.07	30.14	41.24	23.25
Tax Provision	6.48	6.26	8.90	5.34	4.60	4.53	6.25	14.87	4.05	4.42	6.41	4.04	2.85	4.22	5.63	3.94	3.62	5.13	6.61	2.70
Net Income	29.79	29.58	42.10	27.47	23.43	24.78	36.33	14.74	21.45	23.64	33.92	22.96	19.88	24.16	30.00	20.72	19.44	25.01	34.63	20.55
Basic EPS	2.03	2.02	2.85	1.86	1.57	1.65	2.41	0.99	1.40	1.53	2.19	1.47	1.27	1.53	1.89	1.30	1.20	1.54	2.11	1.25
Diluted EPS	2.02	2.01	2.84	1.84	1.57	1.65	2.40	0.97	1.40	1.53	2.18	1.47	1.26	1.52	1.88	1.29	1.20	1.52	2.10	1.23

Cash Flow Statement

(in billions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Operating Cash Flow	34.37	28.70	53.93	29.73	27.87	23.95	29.94	26.81	28.86	22.69	39.90	21.60	26.38	28.56	34.01	24.13	22.89	28.17	46.97	20.20
Capital Expenditures	2.46	1.97	2.37	3.24	3.46	3.07	2.94	2.91	2.15	2.00	2.39	2.16	2.09	2.92	3.79	3.29	2.10	2.51	2.80	3.22
Free Cash Flow*	31.91	26.73	51.55	26.49	24.41	20.88	27.00	23.90	26.71	20.69	37.50	19.43	24.29	25.64	30.22	20.84	20.79	25.65	44.16	16.98
Investing Cash Flow	(7.76)	(6.17)	(4.89)	(2.59)	5.07	2.92	9.79	1.45	(0.13)	(0.31)	1.93	2.39	0.44	2.32	(1.44)	(1.22)	4.23	(9.26)	(16.11)	0.84
Financing Cash Flow	(32.64)	(22.28)	(39.66)	(27.48)	(24.83)	(29.01)	(39.37)	(24.95)	(36.02)	(30.43)	(30.58)	(23.15)	(24.05)	(25.72)	(35.56)	(26.79)	(27.44)	(28.35)	(28.16)	(20.38)

* Derived from reported values

Dividends Per Share

(USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Dividends Per Share	0.27	0.26	0.26	0.26	0.26	0.25	0.25	0.25	0.25	0.24	0.24	0.24	0.24	0.23	0.23	0.23	0.23	0.22	0.22	0.22