Apple Inc. (AAPL) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — AAPL

Balance Sheet

(in billions USD)

Metric	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	45.57	45.32	36.27	28.16	30.30	25.57	32.70	40.76	28.41	24.69	20.54	27.50	28.10	37.12	34.05	38.47	36.01
Short-term Investments	22.94	21.59	19.10	20.34	23.48	36.24	34.46	32.34	34.07	31.19	30.82	20.73	23.41	26.79	27.65	31.37	40.82
Accounts Receivable	30.34	39.92	27.56	26.14	29.64	22.80	21.84	23.19	19.55	17.94	23.75	21.80	20.82	30.21	17.48	18.50	27.10
Inventory	6.75	5.88	5.93	6.27	6.91	6.17	6.23	6.51	7.35	7.48	6.82	5.43	5.46	5.88	5.18	5.22	4.97
Total Current Assets	144.11	158.10	122.49	118.67	133.24	125.44	128.42	143.69	122.66	112.91	128.78	112.29	118.18	153.15	114.42	121.47	154.11
Property, Plant & Equipment	50.12	50.16	48.51	46.88	46.07	44.50	43.55	43.67	43.55	43.40	42.95	40.34	39.30	39.24	38.62	37.82	37.93
Intangible Assets	25.80	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non-current Assets	226.97	221.19	209.00	212.56	210.85	206.18	209.00	209.82	212.38	219.25	217.97	224.02	232.48	228.04	215.42	215.69	199.95
Total Assets	371.08	379.30	331.50	331.23	344.09	331.61	337.41	353.51	335.04	332.16	346.75	336.31	350.66	381.19	329.84	337.16	354.05
Accounts Payable	57.35	70.59	50.37	54.13	61.91	47.57	45.75	58.15	46.70	42.95	57.92	48.34	52.68	74.36	40.41	40.13	63.85
Total Current Liabilities	134.64	162.37	141.12	144.57	144.37	131.62	123.82	133.97	124.96	120.08	137.29	129.87	127.51	147.57	107.75	106.39	132.51
Long-term Debt	82.70	88.50	91.80	92.20	94.80	98.30	102.60	106.00	105.30	107.60	109.40	108.70	113.00	117.80	105.75	108.64	99.28
Total Non-current Liabilities	129.95	128.74	124.55	119.87	132.96	133.28	139.40	145.44	149.80	149.93	152.73	148.33	155.76	161.69	157.81	161.60	155.32
Total Liabilities	264.59	291.11	265.67	264.44	277.33	264.90	263.22	279.41	274.76	270.00	290.02	278.20	283.26	309.26	265.56	267.98	287.83
Retained Earnings	12.36	(2.18)	(17.61)	(15.55)	(11.22)	(4.73)	4.34	8.24	1.41	4.34	3.24	5.29	12.71	14.44	9.23	15.26	14.30
Total Stockholder Equity	106.49	88.19	65.83	66.80	66.76	66.71	74.19	74.10	60.27	62.16	56.73	58.11	67.40	71.93	64.28	69.18	66.22

Income Statement

(in billions USD) (except per-share rows)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Total Revenue	111.18	143.76	102.47	94.04	95.36	124.30	94.93	85.78	90.75	119.58	89.50	81.80	94.84	117.15	90.15	82.96	97.28	123.95	83.36	81.43
Cost of Revenue	56.40	74.53	54.13	50.32	50.49	66.03	51.05	46.10	48.48	64.72	49.07	45.38	52.86	66.82	52.05	47.07	54.72	69.70	48.19	46.18
Gross Profit	54.78	69.23	48.34	43.72	44.87	58.28	43.88	39.68	42.27	54.86	40.43	36.41	41.98	50.33	38.10	35.89	42.56	54.24	35.17	35.26
Research & Development	11.42	10.89	8.87	8.87	8.55	8.27	7.77	8.01	7.90	7.70	7.31	7.44	7.46	7.71	6.76	6.80	6.39	6.31	5.77	5.72
Selling, General & Admin	2.28	2.10	7.05	6.65	6.73	7.18	6.52	6.32	6.47	6.79	6.15	5.97	6.20	6.61	6.44	6.01	6.19	6.45	5.62	5.41
Total Operating Expenses	18.90	18.38	15.91	15.52	15.28	15.44	14.29	14.33	14.37	14.48	13.46	13.42	13.66	14.32	13.20	12.81	12.58	12.76	11.39	11.13
Operating Income	35.89	50.85	32.43	28.20	29.59	42.83	29.59	25.35	27.90	40.37	26.97	23.00	28.32	36.02	24.89	23.08	29.98	41.49	23.79	24.13
Interest Expense	--	--	--	--	--	--	--	--	--	--	1.00	1.00	0.93	1.00	0.83	0.72	0.69	0.69	0.67	0.67
Pretax Income	35.83	51.00	32.80	28.03	29.31	42.58	29.61	25.49	28.06	40.32	27.00	22.73	28.38	35.62	24.66	23.07	30.14	41.24	23.25	24.37
Tax Provision	6.26	8.90	5.34	4.60	4.53	6.25	14.87	4.05	4.42	6.41	4.04	2.85	4.22	5.63	3.94	3.62	5.13	6.61	2.70	2.63
Net Income	29.58	42.10	27.47	23.43	24.78	36.33	14.74	21.45	23.64	33.92	22.96	19.88	24.16	30.00	20.72	19.44	25.01	34.63	20.55	21.74
Basic EPS	2.02	2.85	1.86	1.57	1.65	2.41	0.99	1.40	1.53	2.19	1.47	1.27	1.53	1.89	1.30	1.20	1.54	2.11	1.25	1.31
Diluted EPS	2.01	2.84	1.84	1.57	1.65	2.40	0.97	1.40	1.53	2.18	1.47	1.26	1.52	1.88	1.29	1.20	1.52	2.10	1.23	1.30

Cash Flow Statement

(in billions USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Operating Cash Flow	28.70	53.93	29.73	27.87	23.95	29.94	26.81	28.86	22.69	39.90	21.60	26.38	28.56	34.01	24.13	22.89	28.17	46.97	20.20	21.09
Capital Expenditures	1.97	2.37	3.24	3.46	3.07	2.94	2.91	2.15	2.00	2.39	2.16	2.09	2.92	3.79	3.29	2.10	2.51	2.80	3.22	2.09
Free Cash Flow*	26.73	51.55	26.49	24.41	20.88	27.00	23.90	26.71	20.69	37.50	19.43	24.29	25.64	30.22	20.84	20.79	25.65	44.16	16.98	19.00
Investing Cash Flow	(6.17)	(4.89)	(2.59)	5.07	2.92	9.79	1.45	(0.13)	(0.31)	1.93	2.39	0.44	2.32	(1.44)	(1.22)	4.23	(9.26)	(16.11)	0.84	3.57
Financing Cash Flow	(22.28)	(39.66)	(27.48)	(24.83)	(29.01)	(39.37)	(24.95)	(36.02)	(30.43)	(30.58)	(23.15)	(24.05)	(25.72)	(35.56)	(26.79)	(27.44)	(28.35)	(28.16)	(20.38)	(29.40)

* Derived from reported values

Dividends Per Share

(USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Dividends Per Share	0.26	0.26	0.26	0.26	0.25	0.25	0.25	0.25	0.24	0.24	0.24	0.24	0.23	0.23	0.23	0.23	0.22	0.22	0.22	0.22