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Tools · AAPL

Apple Inc., taken apart.

Four panels built from the reported annual accounts, then the rest of the engine. Every figure below is Apple Inc.’s own filing, not an estimate of ours.

Income statement, four years

Read across, not down. Each line is shown for four fiscal years, so the direction matters more than any single column.

Apple Inc. annual income statement, as reported. Columns are fiscal years, most recent first.
LineFY2025FY2024FY2023FY2022
Revenue$416.16B$391.04B$383.29B$394.33B
Cost of revenue$220.96B$210.35B$214.14B$223.55B
Gross profit$195.20B$180.68B$169.15B$170.78B
Operating expenses$62.15B$57.47B$54.85B$51.34B
Operating income$133.05B$123.22B$114.30B$119.44B
Net income$112.01B$93.74B$97.00B$99.80B
Diluted EPS7.466.086.136.11

Net income moved +12.2% across these years while earnings per share moved +22.1% — more than the profit itself, because the share count changed. Profit split fewer ways is not the same as more profit.

The rest of the engine

The panels above are built from filings. These run against the live engine.