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AAPLNasdaqSEC filerUS GAAPElectronic ComputersFiscal year ends September 26Reports in USD (US Dollar)
FY2025 · ended Sep 27, 2025
Normalization v8 · calculations ratios_v2 · data version 2 · report generated Oct 3, 2026. Source: SEC EDGAR XBRL company facts.
Select a figure to see its source filing and exact value.
| Ratio | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | |||||||||||||||
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| Net income growth | |||||||||||||||
| Diluted EPS growth | |||||||||||||||
| Free cash flow growth | |||||||||||||||
| Revenue CAGR (3 yr) | |||||||||||||||
| Revenue CAGR (5 yr) | —not available | ||||||||||||||
| Profitability | |||||||||||||||
| Gross margin | |||||||||||||||
| Cash flow & investment | |||||||||||||||
| Free cash flow margin | |||||||||||||||
| Balance sheet | |||||||||||||||
| Debt / equity | —not available | ||||||||||||||
| Working capital & shares | |||||||||||||||
| Inventory growth | |||||||||||||||
Select a ratio to see its formula, the exact inputs and periods used, and their source filings. — means an input is missing or the ratio is not meaningful (e.g. a negative denominator).
| Line item | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Cost of revenue | |||||||||||||||
| Gross profit | |||||||||||||||
| Research & development | |||||||||||||||
| Selling, general & administrative | |||||||||||||||
| Operating income | |||||||||||||||
| Interest expense | —not reported for this period | —not reported for this period | |||||||||||||
| Income before taxes | |||||||||||||||
| Income tax expense | |||||||||||||||
| Net income | |||||||||||||||
| Diluted EPS | s (adjusted for a stock split) | s (adjusted for a stock split) | s (adjusted for a stock split) | s (adjusted for a stock split) | |||||||||||
| Diluted weighted-average shares | s (adjusted for a stock split) | s (adjusted for a stock split) | s (adjusted for a stock split) | s (adjusted for a stock split) |
Select any figure for its source filing and exact value. d derived by FinSavoir (e.g. Q4 = fiscal year − nine months) · r restated in a later filing · s adjusted for a stock split · — not reported for that period · withheld = failed a data-quality check.
| Line item | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | |||||||||||||||
| Short-term investments | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | ||||||||
| Accounts receivable | |||||||||||||||
| Inventory | |||||||||||||||
| Current assets | |||||||||||||||
| Total assets | |||||||||||||||
| Current liabilities | r (restated) | ||||||||||||||
| Total debt | —not reported for this period | d (derived: long term debt total) | d (derived: long term debt total + commercial paper) | d (derived: long term debt current + commercial paper + long term debt noncurrent) | d (derived: long term debt current + commercial paper + long term debt noncurrent) | d (derived: long term debt current + commercial paper + long term debt noncurrent) | d (derived: long term debt current + commercial paper + long term debt noncurrent) | d (derived: long term debt current + commercial paper + long term debt noncurrent) | d (derived: long term debt current + other short term borrowings + long term debt noncurrent (commercial paper treated as part of short-term borrowings)) | d (derived: long term debt current + commercial paper + long term debt noncurrent) | d (derived: long term debt current + commercial paper + long term debt noncurrent) | d (derived: long term debt current + commercial paper + long term debt noncurrent) | d (derived: long term debt current + commercial paper + long term debt noncurrent) | d (derived: long term debt current + commercial paper + long term debt noncurrent) | d (derived: long term debt current + commercial paper + long term debt noncurrent) |
| Total liabilities | |||||||||||||||
| Shareholders' equity |
Select any figure for its source filing and exact value. d derived by FinSavoir (e.g. Q4 = fiscal year − nine months) · r restated in a later filing · s adjusted for a stock split · — not reported for that period · withheld = failed a data-quality check.
| Line item | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | r (restated) | r (restated) | |||||||||||||
| Capital expenditure | |||||||||||||||
| Free cash flow | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) | d (derived: Operating cash flow − capital expenditure) |
| Depreciation & amortization | r (restated) | r (restated) | |||||||||||||
| Dividends paid | —not reported for this period | —not reported for this period | r (restated) | ||||||||||||
| Share repurchases |
Select any figure for its source filing and exact value. d derived by FinSavoir (e.g. Q4 = fiscal year − nine months) · r restated in a later filing · s adjusted for a stock split · — not reported for that period · withheld = failed a data-quality check.
Mechanical forecasts of reported revenue from Apple Inc.'s own SEC filings. Each was recorded in FinSavoir's prediction ledger when it was issued and is never edited; it will be scored when the company reports the period. They say nothing about business prospects beyond the past pattern of revenue.
Each forecast in the chart is listed below with a link to its ledger record.
| Target | Model | Forecast | 80% prediction interval | vs “same as last year” | Ledger record |
|---|---|---|---|---|---|
| FY20272 years ahead · ends Sep 27, 2027 | Same as last yearReference (benchmark) | $416.2B | Not shown: no evaluated error range | — | Record |
| Straight-line trend (legacy)Benchmark | $463.2B | Not shown: no evaluated error range | +11.3% | Record | |
| Damped trend (exponential smoothing)Challenger (not promoted) | $422.4B | Not shown: no evaluated error range | +1.5% | Record | |
| Average growth (drift)Challenger (not promoted) | $431.4B | Not shown: no evaluated error range | +3.7% | Record | |
| Damped recent growthChallenger (not promoted) | $429.6B | Not shown: no evaluated error range | +3.2% | Record |
naive_last_v1). Next year's revenue equals the latest year's.f0645878-6390-40b2-a16d-3a1672f02d68 in the ledger. It will be compared with the revenue first reported for FY2027, and with any later restatement.Each forecast in the chart is listed below with a link to its ledger record.
| Target | Model | Forecast | 80% prediction interval | vs “same as last quarter” | Ledger record |
|---|---|---|---|---|---|
| Q1 FY20272 quarters ahead · ends Dec 27, 2026 | Same as last quarterReference (benchmark) | $109.4B | Not shown: no evaluated error range | — | Record |
| Same quarter last year × trailing growthChallenger (not promoted) | $164.2B | Not shown: no evaluated error range | +50.1% | Record | |
| Same quarter last yearChallenger (not promoted) | $143.8B | Not shown: no evaluated error range | +31.4% | Record | |
| Q2 FY20273 quarters ahead · ends Mar 28, 2027 | Same as last quarterReference (benchmark) | $109.4B | Not shown: no evaluated error range | — | Record |
| Same quarter last year × trailing growthChallenger (not promoted) | $127.0B | Not shown: no evaluated error range | +16.1% | Record | |
| Same quarter last yearChallenger (not promoted) | $111.2B | Not shown: no evaluated error range | +1.6% | Record | |
| Q3 FY20274 quarters ahead · ends Jun 27, 2027 | Same as last quarterReference (benchmark) | $109.4B | Not shown: no evaluated error range | — | Record |
| Same quarter last year × trailing growthChallenger (not promoted) | $125.0B | Not shown: no evaluated error range | +14.2% | Record | |
| Same quarter last yearChallenger (not promoted) | $109.4B | Not shown: no evaluated error range | 0.0% | Record |
naive_last_q_v1). Every future quarter equals the latest quarter.6fd67a40-0b01-4eba-89ad-abd66b17af92 in the ledger. It will be compared with the revenue first reported for Q1 FY2027, and with any later restatement.Every forecast FinSavoir issued for this company, newest first (the latest 14 of 14 are listed; each links to its full ledger record). A forecast is scored against the revenue first reported in the company's filing for that period, once that filing exists; a period ending is not enough. Superseded forecasts (replaced by a newer one for the same period and model) are kept unchanged and still scored.
| Issued | Target | Model | Forecast | Status | Actual (first reported) | Error | Filing | Record |
|---|---|---|---|---|---|---|---|---|
| Sep 29, 2026 | Q3 FY2027 | Same as last quarter | $109.4B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | Q3 FY2027 | Same quarter last year | $109.4B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | Q3 FY2027 | Same quarter last year × trailing growth | $125.0B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | Q2 FY2027 | Same as last quarter | $109.4B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | Q2 FY2027 | Same quarter last year | $111.2B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | Q2 FY2027 | Same quarter last year × trailing growth | $127.0B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | Q1 FY2027 | Same as last quarter | $109.4B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | Q1 FY2027 | Same quarter last year | $143.8B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | Q1 FY2027 | Same quarter last year × trailing growth | $164.2B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | FY2027 | Same as last year | $416.2B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | FY2027 | Straight-line trend (legacy) | $463.2B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | FY2027 | Average growth (drift) | $431.4B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | FY2027 | Damped recent growth | $429.6B | Awaiting period end | — | — | — | Record |
| Sep 29, 2026 | FY2027 | Damped trend (exponential smoothing) | $422.4B | Awaiting period end | — | — | — | Record |
How the models were evaluated, and results across all companies →
No data-quality warnings for this company.
Adjusted for a stock split · Diluted EPS · 16 periods
Adjusted for a stock split in 16 periods. Example: Diluted EPS was retroactively adjusted for a stock split (×0.1429); first reported 44.15, now 6.31.
Q3 FY2009, FY2012, Q1 FY2013, Q2 FY2013, Q3 FY2013, FY2013, Q1 FY2014, Q2 FY2014, FY2018, Q1 FY2019, Q2 FY2019, Q3 FY2019, FY2019, Q1 FY2020, Q2 FY2020, Q3 FY2020
Adjusted for a stock split · Diluted weighted-average shares · 10 periods
Adjusted for a stock split in 10 periods. Example: Diluted weighted-average shares was retroactively adjusted for a stock split (×7); first reported 945,355,000.00, now 6,617,483,000.00.
FY2012, Q3 FY2013, FY2013, Q1 FY2014, Q2 FY2014, FY2018, FY2019, Q1 FY2020, Q2 FY2020, Q3 FY2020
Annual figure restated; quarters not re-reported · Operating cash flow · 2 periods
Annual figure restated; quarters not re-reported in 2 periods. Example: Operating cash flow: the four quarters add up to the fiscal year as first reported (65,824,000,000); the annual figure was later restated to 66,231,000,000 and the quarters were not re-reported.
TTM Q4 FY2016, TTM Q4 FY2017
Gross profit ≠ revenue − cost of revenue · Gross profit
Gross profit ≠ revenue − cost of revenue (company may define cost of revenue differently).
Q4 FY2009
Restated in a later filing · Cost of revenue · 4 periods
Restated in a later filing in 4 periods. Example: Cost of revenue was restated from 15,852,000,000 to 16,426,000,000.
FY2007, FY2008, Q3 FY2009, FY2009
Restated in a later filing · Current assets · 2 periods
Restated in a later filing in 2 periods. Example: Current assets was restated from 32,311,000,000 to 30,006,000,000.
FY2008, FY2009
Restated in a later filing · Current liabilities · 3 periods
Restated in a later filing in 3 periods. Example: Current liabilities was restated from 14,092,000,000 to 11,361,000,000.
FY2008, FY2009, FY2018
Restated in a later filing · Depreciation & amortization · 5 periods
Restated in a later filing in 5 periods. Example: Depreciation & amortization was restated from 317,000,000 to 327,000,000.
FY2007, FY2008, FY2009, FY2016, FY2017
Restated in a later filing · Diluted EPS · 2 periods
Restated in a later filing in 2 periods. Example: Diluted EPS was restated from 5 to 7.
FY2008, FY2009
Restated in a later filing · Dividends paid · 2 periods
Restated in a later filing in 2 periods. Example: Dividends paid was restated from 11,431,000,000 to 11,561,000,000.
Q1 FY2013, FY2015
Restated in a later filing · Gross profit · 3 periods
Restated in a later filing in 3 periods. Example: Gross profit was restated from 11,145,000,000 to 13,197,000,000.
FY2008, Q3 FY2009, FY2009
Restated in a later filing · Income before taxes · 3 periods
Restated in a later filing in 3 periods. Example: Income before taxes was restated from 6,895,000,000 to 8,947,000,000.
FY2008, Q3 FY2009, FY2009
Restated in a later filing · Income tax expense · 3 periods
Restated in a later filing in 3 periods. Example: Income tax expense was restated from 2,061,000,000 to 2,828,000,000.
FY2008, Q3 FY2009, FY2009
Restated in a later filing · Net income · 3 periods
Restated in a later filing in 3 periods. Example: Net income was restated from 4,834,000,000 to 6,119,000,000.
FY2008, Q3 FY2009, FY2009
Restated in a later filing · Operating cash flow · 2 periods
Restated in a later filing in 2 periods. Example: Operating cash flow was restated from 65,824,000,000 to 66,231,000,000.
FY2016, FY2017
Restated in a later filing · Operating income · 3 periods
Restated in a later filing in 3 periods. Example: Operating income was restated from 6,275,000,000 to 8,327,000,000.
FY2008, Q3 FY2009, FY2009
Restated in a later filing · Revenue · 4 periods
Restated in a later filing in 4 periods. Example: Revenue was restated from 24,006,000,000 to 24,578,000,000.
FY2007, FY2008, Q3 FY2009, FY2009
Restated in a later filing · Shareholders' equity · 2 periods
Restated in a later filing in 2 periods. Example: Shareholders' equity was restated from 21,030,000,000 to 22,297,000,000.
FY2008, FY2009
Restated in a later filing · Total assets · 2 periods
Restated in a later filing in 2 periods. Example: Total assets was restated from 39,572,000,000 to 36,171,000,000.
FY2008, FY2009
Restated in a later filing · Total liabilities · 2 periods
Restated in a later filing in 2 periods. Example: Total liabilities was restated from 18,542,000,000 to 13,874,000,000.
FY2008, FY2009
Restated in a later filing · Total liabilities & equity · 2 periods
Restated in a later filing in 2 periods. Example: Total liabilities & equity was restated from 39,572,000,000 to 36,171,000,000.
FY2008, FY2009
Latest annual report
10-K · fiscal year ended Sep 27, 2025 · filed Oct 31, 2025
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| Interest coverage | —not available | —not available | —not available | —not available |
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