Consumer technology company known for iPhone, Mac, services, wearables, and tightly integrated hardware-software ecosystems.MoreShow less
Profile & Fundamentals
Apple (AAPL.NASDAQ) Profile & Fundamentals
Review Apple reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Apple: Company Profile & Ownership
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple Vision Pro, Apple TV, Apple Watch, Beats products, and HomePod, as well as Apple branded and third-party accessories. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allows customers to discover and download applications and digital content, such as books, music, video, games, and podcasts, as well as advertising services include third-party licensing arrangements and its own advertising platforms. In addition, the company offers various subscription-based services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV, which offers original content and live sports; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers and resellers. The company was formerly known as Apple Computer, Inc. and changed its name to Apple Inc. in January 2007. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.
Company profile record
Apple Inc.
Common Stock · Information Technology · Technology Hardware, Storage & Peripherals
Company
- Company / asset
- Apple Inc.
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Technology Hardware, Storage & Peripherals
- HQ
- 🇺🇸 United States
- Head office
- One Apple Park Way, Cupertino, CA, United States, 95014
Leadership & scale
- Chief executive
- Mr. John Ternus
- CEO year born
- 1976
- Full-time employees
- 150K
- Fiscal year end
- September
- IPO date
- 1980-12-12
Fundamentals snapshot
- Market Cap
- USD 5.01T
- P/E
- 37.9x
- Revenue (Q3 26)
- USD 114.5B
- Profit (Q3 26)
- USD 30.7B
- Dividend Yield
- 0.2%
- Revenue (FY 26)
- USD 478.8B
- Shares in public float
- 14.6B
- Insider ownership
- 1.65%
Reporting & identifiers
- Symbol
- AAPL.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US0378331005
- Asset ID
- equity_b07ddb27-3d28-59b7-9093-642a86a997a5
Apple: Ownership
Shares Outstanding
Latest: 14.6B | Max: 20.6B | Min: 14.6B
Latest reported ownership snapshot
Float Shares
99.58%
14.6B latest reported shares
Insider Ownership
1.65%
Latest reported insider stake
Short Float
0.01%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 20,631,148,000 |
| 2018-01-01 | 19,093,008,000 |
| 2019-01-01 | 17,818,416,000 |
| 2020-01-01 | 17,113,688,000 |
| 2021-01-01 | 16,519,291,000 |
| 2022-01-01 | 15,955,718,000 |
| 2023-01-01 | 15,576,641,000 |
| 2024-01-01 | 15,150,865,000 |
| 2025-01-01 | 14,810,356,000 |
| 2026-01-01 | 14,630,318,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 1,162,996,939 | 7.97% | 2026-06-30 |
| Vanguard Capital Management, LLC | 959,107,911 | 6.57% | 2026-06-30 |
| State Street Corp | 615,129,929 | 4.21% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 463,256,086 | 3.17% | 2026-09-30 |
| Vanguard 500 Index Investor | 383,293,319 | 2.63% | 2026-09-30 |
| Geode Capital Management, LLC | 371,336,543 | 2.54% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 334,119,156 | 2.29% | 2026-06-30 |
| FMR Inc | 325,348,754 | 2.23% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 242,614,238 | 1.66% | 2026-06-30 |
| JPMorgan Chase & Co | 228,762,008 | 1.57% | 2026-06-30 |
| Berkshire Hathaway Inc | 227,917,808 | 1.56% | 2026-06-30 |
| iShares Core S&P 500 ETF | 194,182,373 | 1.33% | 2026-10-23 |
| NORGES BANK | 190,726,866 | 1.31% | 2026-06-30 |
| Fidelity 500 Index | 190,655,125 | 1.31% | 2026-08-31 |
| Amvescap Plc. | 187,965,529 | 1.29% | 2026-06-30 |
Apple: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Apple's top-line financial engine accelerated impressively through mid-2026, with trailing twelve-month revenue reaching $467 billion and net income climbing to $129 billion. This expansion was powered by resilient consumer demand for premium devices and steady double-digit expansion across digital services. Exceptional operating cash flows confirmed the underlying health of Apple's customer ecosystem. However, headline profits somewhat exaggerate recurring operational strength. Diluted earnings in the June 2026 quarter included a non-recurring boost from tariff refunds rather than purely structural operating leverage. As research spending surges to support artificial intelligence and hardware upgrade cycles mature, future earnings growth will increasingly depend on software expansion rather than raw smartphone volume gains.
Apple's top-line financial engine accelerated impressively through mid-2026, with trailing twelve-month revenue reaching $467 billion and net income climbing to $129 billion. This expansion was powered by resilient consumer demand for premium devices and steady double-digit expansion across digital services. Exceptional operating cash flows confirmed the underlying health of Apple's customer ecosystem. However, headline profits somewhat exaggerate recurring operational strength. Diluted earnings in the June 2026 quarter included a non-recurring boost from tariff refunds rather than purely structural operating leverage. As research spending surges to support artificial intelligence and hardware upgrade cycles mature, future earnings growth will increasingly depend on software expansion rather than raw smartphone volume gains.
Revenue, Net Income, and Free Cash Flow
Latest: USD 478.8B | Max: USD 478.8B | Min: USD 48.4B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 34x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Apple's profitability remains among the strongest in global commerce, with gross profit margins reaching 46.9% and operating margins hovering near 32%. This structural profitability reflects Apple's pricing power and the growing mix of high-margin digital services, which carry margins above 70%. In-house processor designs also help shield device margins by eliminating expensive third-party chip designer markups. However, holding these peak profit margins is becoming much harder. Surging memory component prices are driving up phone manufacturing expenses, while non-recurring tariff credits that flattered recent quarterly results are fading. Combined with escalating research budgets and regulatory pressure on App Store commissions, consolidated operating margins face persistent resistance against further expansion over the coming five years.
Apple's profitability remains among the strongest in global commerce, with gross profit margins reaching 46.9% and operating margins hovering near 32%. This structural profitability reflects Apple's pricing power and the growing mix of high-margin digital services, which carry margins above 70%. In-house processor designs also help shield device margins by eliminating expensive third-party chip designer markups. However, holding these peak profit margins is becoming much harder. Surging memory component prices are driving up phone manufacturing expenses, while non-recurring tariff credits that flattered recent quarterly results are fading. Combined with escalating research budgets and regulatory pressure on App Store commissions, consolidated operating margins face persistent resistance against further expansion over the coming five years.
Profitability Margins
Latest: 48.8% | Max: 48.8% | Min: 20.9%
Latest Profitability Ratios as of 2026-09-30
Gross Margin
48.8%
Gross profit / revenue
Operating Margin
33.0%
Operating income / revenue
Net Margin
27.6%
Net income / revenue
FCF Margin
28.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-09-30 | 229,234,000,000 | 48,351,000,000 | 50,803,000,000 |
| 2018-09-30 | 265,595,000,000 | 59,531,000,000 | 64,121,000,000 |
| 2019-09-30 | 260,174,000,000 | 55,256,000,000 | 58,896,000,000 |
| 2020-09-30 | 274,515,000,000 | 57,411,000,000 | 73,365,000,000 |
| 2021-09-30 | 365,817,000,000 | 94,680,000,000 | 92,953,000,000 |
| 2022-09-30 | 394,328,000,000 | 99,803,000,000 | 111,443,000,000 |
| 2023-09-30 | 383,285,000,000 | 96,995,000,000 | 99,584,000,000 |
| 2024-09-30 | 391,035,000,000 | 93,736,000,000 | 108,807,000,000 |
| 2025-09-30 | 416,161,000,000 | 112,010,000,000 | 98,767,000,000 |
| 2026-09-30 | 478,834,000,000 | 132,175,000,000 | 136,056,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-09-30 | 33.7 | Trailing four quarters |
| 2024-09-30 | 37.7 | Trailing four quarters |
| 2023-09-30 | 27.5 | Trailing four quarters |
| 2022-09-30 | 22.1 | Annual net income |
| 2021-09-30 | 24.7 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-09-30 | 38.47 | 26.76 | 21.09 | 22.16 |
| 2018-09-30 | 38.34 | 26.69 | 22.41 | 24.14 |
| 2019-09-30 | 37.82 | 24.57 | 21.24 | 22.64 |
| 2020-09-30 | 38.23 | 24.15 | 20.91 | 26.73 |
| 2021-09-30 | 41.78 | 29.78 | 25.88 | 25.41 |
| 2022-09-30 | 43.31 | 30.29 | 25.31 | 28.26 |
| 2023-09-30 | 44.13 | 29.82 | 25.31 | 25.98 |
| 2024-09-30 | 46.21 | 31.51 | 23.97 | 27.83 |
| 2025-09-30 | 46.91 | 31.97 | 26.92 | 23.73 |
| 2026-09-30 | 48.79 | 33.01 | 27.6 | 28.41 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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