Revenue
$416.16B+6.4% YoYPlayground / Financial statements
Thales’ Olive
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Target: 10 annual / 20 quarterly periods where sources permit. Missing periods remain gaps; business classifications may change. CSV includes all 3 available annual periods.
AAPL · FY 2025
Apple
Figures in USD · reported company filings
Gross profit
$195.2B46.9% margin · +8.0% YoYOperating income
$133.05B32.0% margin · +8.0% YoYNet income
$112.01B26.9% margin · +19.5% YoYReviewed business-category detail is available for 3 of these 3 periods. Each chart uses the classifications in its cited filing.
Business revenue · 3 reported periods
Where revenue comes from
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Business categories, not profit metrics. Each stack reconciles with reported revenue. Net sales by product and service category, not geographic reportable segments. Scroll horizontally on smaller screens.
View filing sources and business-revenue data
- FY 2023 · FY 2024 · FY 2025https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm
| Period | iPhone | Mac | iPad | Wearables, Home and Accessories | Services | Total revenue |
|---|---|---|---|---|---|---|
| FY 2023 | $200,583,000,000 | $29,357,000,000 | $28,300,000,000 | $39,845,000,000 | $85,200,000,000 | $383,285,000,000 |
| FY 2024 | $201,183,000,000 | $29,984,000,000 | $26,694,000,000 | $37,005,000,000 | $96,169,000,000 | $391,035,000,000 |
| FY 2025 | $209,586,000,000 | $33,708,000,000 | $28,023,000,000 | $35,686,000,000 | $109,158,000,000 | $416,161,000,000 |
Income statement
From revenue to net profit
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Dotted lines identify subpixel flows; they are annotations, not wider ribbons. Profit flows are green; expenses are coral. Non-operating items bridge operating and pretax profit; taxes are deducted and separately reported tax benefits flow into net profit. Net sales by product and service category, not geographic reportable segments. Scroll horizontally on smaller screens.
View exact amounts and reconciliation
| Line item | Amount (USD) | Share of revenue |
|---|---|---|
| iPhone | $209,586,000,000 | 50.4% |
| Mac | $33,708,000,000 | 8.1% |
| iPad | $28,023,000,000 | 6.7% |
| Wearables, Home and Accessories | $35,686,000,000 | 8.6% |
| Services | $109,158,000,000 | 26.2% |
| Revenue | $416,161,000,000 | 100.0% |
| Gross profit | $195,201,000,000 | 46.9% |
| Operating profit | $133,050,000,000 | 32.0% |
| Pretax profit | $132,729,000,000 | 31.9% |
| Net profit | $112,010,000,000 | 26.9% |
| Cost of revenue | $220,960,000,000 | 53.1% |
| Operating expenses | $62,151,000,000 | 14.9% |
| Income tax | $20,719,000,000 | 5.0% |
| Non-operating loss (net) | $321,000,000 | 0.1% |
| Research & development | $34,550,000,000 | 8.3% |
| Selling, general & administrative | $27,601,000,000 | 6.6% |
Revenue = cost of revenue + gross profit. Gross profit = operating expenses + operating profit. Pretax profit = operating profit + net non-operating items. Pretax profit minus income tax plus separately reported after-tax equity-method income equals net profit. Business revenue plus separately reported revenue adjustments equals consolidated revenue. Original filing.
Period detail
| Period | Currency | Revenue | Gross profit | Operating income | Net income |
|---|---|---|---|---|---|
| FY 2025 | USD | $416.16B | $195.2B | $133.05B | $112.01B |
| FY 2024 | USD | $391.04B | $180.68B | $123.22B | $93.74B |
| FY 2023 | USD | $383.29B | $169.15B | $114.3B | $97B |
Metric definitions and sources · FY 2025
- revenue: revenue · reported · reviewed-filing-adapter. Filed 2025-10-31
- costOfRevenue: costOfRevenue · reported · reviewed-filing-adapter. Filed 2025-10-31
- grossProfit: grossProfit · reported · reviewed-filing-adapter. Filed 2025-10-31
- operatingExpenses: operatingExpenses · reported · reviewed-filing-adapter. Filed 2025-10-31
- operatingIncome: operatingIncome · reported · reviewed-filing-adapter. Filed 2025-10-31
- pretaxIncome: pretaxIncome · reported · reviewed-filing-adapter. Filed 2025-10-31
- incomeTax: incomeTax · reported · reviewed-filing-adapter. Filed 2025-10-31
- netIncome: netIncome · reported · reviewed-filing-adapter. Filed 2025-10-31
- researchAndDevelopment: researchAndDevelopment · reported · reviewed-filing-adapter. Filed 2025-10-31
- sellingGeneralAndAdministrative: sellingGeneralAndAdministrative · reported · reviewed-filing-adapter. Filed 2025-10-31
Can PhDs Be Rich?
“Thales, so the story goes, because of his poverty was taunted with the uselessness of philosophy; but from his knowledge of astronomy he had observed while it was still winter that there was going to be a large crop of olives, so he raised a small sum of money and paid round deposits for the whole of the olive-presses in Miletus and Chios, which he hired at a low rent as nobody was running him up; and when the season arrived, there was a sudden demand for a number of presses at the same time, and by letting them out on what terms he liked he realized a large sum of money, so proving that it is easy for philosophers to be rich if they choose, but this is not what they care about.”