Apple Inc. (AAPL) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
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Apple Inc. (AAPL) Earnings Overview
As of July 8, 2026, Apple Inc. (AAPL) reported trailing twelve-month net income of $122.58B, reflecting +22.7% year-over-year growth. The company earned $8.30 per diluted share over the past four quarters, with a net profit margin of 26.9%.
Looking at the long-term picture, AAPL's 5-year EPS compound annual growth rate (CAGR) stands at +17.9%, indicating exceptional earnings growth. The company achieved its highest annual net income of $112.01B in fiscal 2025, representing a new all-time high.
Apple Inc. maintains industry-leading profitability with a gross margin of 46.9%, operating margin of 32.0%, and net margin of 26.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MSFT ($125.22B net income, 36.1% margin), GOOGL ($160.21B net income, 32.8% margin), AMZN ($90.80B net income, 10.8% margin), AAPL has room to improve margins relative to the peer group. Compare AAPL vs MSFT →
AAPL Earnings vs Peers
Earnings metrics vs comparable public companies
AAPL Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $112.01B | +19.5% | $133.05B | $7.46 | 26.9% | 32.0% |
| 2024 | $93.74B | -3.4% | $123.22B | $6.08 | 24.0% | 31.5% |
| 2023 | $97.00B | -2.8% | $114.30B | $6.13 | 25.3% | 29.8% |
| 2022 | $99.80B | +5.4% | $119.44B | $6.11 | 25.3% | 30.3% |
| 2021 | $94.68B | +64.9% | $108.95B | $5.61 | 25.9% | 29.8% |
| 2020 | $57.41B | +3.9% | $66.29B | $3.28 | 20.9% | 24.1% |
| 2019 | $55.26B | -7.2% | $63.93B | $2.97 | 21.2% | 24.6% |
| 2018 | $59.53B | +23.1% | $70.90B | $2.98 | 22.4% | 26.7% |
| 2017 | $48.35B | +5.8% | $61.34B | $2.30 | 21.1% | 26.8% |
| 2016 | $45.69B | -14.4% | $60.02B | $2.08 | 21.2% | 27.8% |
| 2015 | $53.39B | +35.1% | $71.23B | $2.30 | 22.8% | 30.5% |
| 2014 | $39.51B | +6.7% | $52.50B | $1.61 | 21.6% | 28.7% |
| 2013 | $37.04B | -11.3% | $49.00B | $1.42 | 21.7% | 28.7% |
| 2012 | $41.73B | +61.0% | $55.24B | $1.58 | 26.7% | 35.3% |
| 2011 | $25.92B | +85.0% | $33.79B | $0.99 | 23.9% | 31.2% |
| 2010 | $14.01B | +70.2% | $18.39B | $0.54 | 21.5% | 28.2% |
| 2009 | $8.23B | +70.4% | $11.37B | $0.32 | 19.3% | 26.7% |
| 2008 | $4.83B | +38.3% | $6.28B | $0.19 | 14.9% | 19.3% |
| 2007 | $3.50B | +75.7% | $4.41B | $0.14 | 14.6% | 18.4% |
| 2006 | $1.99B | +49.8% | $2.45B | $0.08 | 10.3% | 12.7% |
| 2005 | $1.33B | +399.2% | $1.64B | $0.06 | 9.5% | 11.8% |
| 2004 | $266M | +285.5% | $313M | $0.01 | 3.2% | 3.8% |
| 2003 | $69M | +6.2% | -$1M | $0.00 | 1.1% | -0.0% |
| 2002 | $65M | +360.0% | $17M | $0.00 | 1.1% | 0.3% |
| 2001 | -$25M | -103.2% | -$344M | $-0.00 | -0.5% | -6.4% |
| 2000 | $786M | +30.8% | $522M | $0.04 | 9.8% | 6.5% |
| 1999 | $601M | +94.5% | $359M | $0.03 | 9.8% | 5.9% |
| 1998 | $309M | +129.6% | $261M | $0.02 | 5.2% | 4.4% |
| 1997 | -$1.04B | -28.1% | -$1.07B | $-0.07 | -14.8% | -15.1% |
| 1996 | -$816M | -292.5% | -$1.38B | $-0.06 | -8.3% | -14.1% |
| 1995 | $424M | +36.8% | $684M | $0.03 | 3.8% | 6.2% |
| 1994 | $310M | +256.3% | $522M | $0.02 | 3.4% | 5.7% |
| 1993 | $87M | -83.6% | $110M | $0.01 | 1.1% | 1.4% |
| 1992 | $530M | +71.2% | $806M | $0.04 | 7.5% | 11.4% |
| 1991 | $310M | -34.8% | $447M | $0.02 | 4.9% | 7.1% |
| 1990 | $475M | +4.6% | $712M | $0.03 | 8.5% | 12.8% |
| 1989 | $454M | - | $634M | $0.03 | 8.6% | 12.0% |
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AAPL — Frequently Asked Questions
Quick answers to the most common questions about buying AAPL stock.
What is AAPL earnings per share (EPS)?
AAPL trailing twelve-month (TTM) diluted EPS is $8.30, reflecting +22.7% year-over-year growth. The 5-year EPS CAGR is +17.9%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Apple Inc.'s net income?
Apple Inc. (AAPL) trailing twelve-month net income is $122.6B as of 2025. Earnings grew +22.7% year-over-year. Apple Inc. has been profitable for 24 consecutive years.
Is AAPL profitable?
Yes, AAPL is profitable with a TTM net income of $122.6B and a net profit margin of +26.9%. Apple Inc. has generated profits for 24 consecutive years.
What is AAPL's earnings growth rate?
AAPL compound annual EPS growth rates (CAGR): 1-Year: +22.7%, 3-Year: +6.9%, 5-Year: +17.9%, 10-Year: +12.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are AAPL's profit margins?
Apple Inc. net profit margin is +26.9%, operating margin is +32.0%, and gross margin is +46.9%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +171.4%.
Is AAPL growing earnings?
Yes, AAPL earnings are accelerating — EPS growth of +22.7% exceeds the 5-year CAGR of +17.9%. TTM net income reached $122.6B. Earnings momentum is strengthening.
What was AAPL's best earnings year?
Apple Inc.'s highest annual net income on record is $112.0B, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were AAPL's earnings last quarter?
AAPL's most recent reported quarter was Q2 2026. Net income was $29.6B with diluted EPS of $2.01. For a full breakdown of all quarters, see the quarterly earnings table on this page.