
Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Sep-20	Sep-21	Sep-22	Sep-23	Sep-24	12 Months	Jun-24	Jun-25

Revenue	274,515.00	365,817.00	394,328.00	383,285.00	391,035.00	408,625.00	296,105.00	313,695.00
% Growth		0.33	0.08	(0.03)	0.02			0.06

Adjusted EBITDA	77,344.00	120,233.00	130,541.00	125,820.00	134,661.00	141,696.00	102,159.00	109,194.00
% Margin	0.28	0.33	0.33	0.33	0.34	0.35	0.35	0.35

Adjusted EBIT	66,288.00	108,949.00	119,437.00	114,301.00	123,216.00	130,214.00	93,625.00	100,623.00
% Margin	0.24	0.30	0.30	0.30	0.32	0.32	0.32	0.32

Adjusted Net Income	57,411.00	94,680.00	99,803.00	96,995.00	93,736.00	99,280.00	79,000.00	84,544.00
% Margin	0.21	0.26	0.25	0.25	0.24	0.24	0.27	0.27

Adjusted Basic EPS	3.31	5.67	6.15	6.16	6.11	6.65	5.13	5.64

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
USD	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Sep-20	Sep-21	Sep-22	Sep-23	Sep-24	Jun-25	Jun-24	Jun-25
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	274,515	365,817	394,328	383,285	391,035	408,625	296,105	313,695
% Growth	NA	33.3%	7.8%	-2.8%	2.0%			5.9%

Cost of Revenue	(169,559)	(212,981)	(223,546)	(214,137)	(210,352)	(217,886)	(159,301)	(166,835)
Gross Profit	104,956	152,836	170,782	169,148	180,683	190,739	136,804	146,860
% Revenue	38.2%	41.8%	43.3%	44.1%	46.2%	46.7%	46.2%	46.8%

Research and Development	(18,752)	(21,914)	(26,251)	(29,915)	(31,370)	(33,449)	(23,605)	(25,684)
Selling and Marketing	0	0	0	0	0	0	0	0
General and Admin	(19,916)	(21,973)	(25,094)	(24,932)	(26,097)	(27,076)	(19,574)	(20,553)
Other Inc / (Exp)	(87)	60	(334)	(565)	269	(679)	250	(698)
Total Operating Exp	(38,755)	(43,827)	(51,679)	(55,412)	(57,198)	(61,204)	(42,929)	(46,935)

Operating Income	66,201	109,009	119,103	113,736	123,485	129,535	93,875	99,925
% Revenue	24.1%	29.8%	30.2%	29.7%	31.6%	31.7%	31.7%	31.9%

Interest Expense	890	198	0	0	0	0	0	0
Pre-tax Income	67,091	109,207	119,103	113,736	123,485	129,535	93,875	99,925
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(9,680)	(14,527)	(19,300)	(16,741)	(29,749)	(30,255)	(14,875)	(15,381)
Net Income to Company	57,411	94,680	99,803	96,995	93,736	99,280	79,000	84,544
% Margin	20.9%	25.9%	25.3%	25.3%	24.0%	24.3%	26.7%	27.0%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	57,411	94,680	99,803	96,995	93,736	99,280	79,000	84,544

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	57,411	94,680	99,803	96,995	93,736	99,280	79,000	84,544
% Margin	20.9%	25.9%	25.3%	25.3%	24.0%	24.3%	26.7%	27.0%

As Reported
Basic EPS (Continuing Ops)	3.31	5.67	6.15	6.16	6.11	6.62	5.13	5.64
Diluted EPS (Continuing Ops)	3.28	5.61	6.11	6.13	6.08	6.59	5.11	5.62

WA Basic Shares Out.	17,352.12	16,701.27	16,215.96	15,744.23	15,343.78	14,935.63	15,401.05	14,992.90
WA Diluted Shares Out.	17,528.21	16,864.92	16,325.82	15,812.55	15,408.10	14,996.65	15,463.18	15,051.73

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	67,091	109,207	119,103	113,736	123,485	129,535	93,875	99,925
Addback: Net Interest Expense	(890)	(198)	0	0	0	0	0	0
Addback: Other Non Operating Expenses, Total	87	(60)	334	565	(269)	679	(250)	698
Addback: Depreciation & Amortization	11,056	11,284	11,104	11,519	11,445	11,482	8,534	8,571
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0
Addback: Asset Writedown	0	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	0	0	0	0
Adjusted EBITDA	77,344	120,233	130,541	125,820	134,661	141,696	102,159	109,194
% Margin	28.2%	32.9%	33.1%	32.8%	34.4%	34.7%	34.5%	34.8%

Adjusted EBIT	66,288	108,949	119,437	114,301	123,216	130,214	93,625	100,623
% Margin	24.1%	29.8%	30.3%	29.8%	31.5%	31.9%	31.6%	32.1%

Adjusted Net Income Reconciliation
Net Income to Company	57,411	94,680	99,803	96,995	93,736	99,280	79,000	84,544
Addback: Unusual Items	0	0	0	0	0	0	0	0
Less: Tax Benefit of Unusual Items (26%)	0	0	0	0	0	0	0	0
Adjusted Net Income	57,411	94,680	99,803	96,995	93,736	99,280	79,000	84,544
% Margin	20.9%	25.9%	25.3%	25.3%	24.0%	24.3%	26.7%	27.0%

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Apple Inc

NASDAQGS:AAPL

United States / Information Technology / Technology Hardware, Storage & Peripherals

5Y Historical Financials