Q2 FY2026, built from SEC filings. Accession numbers are cited throughout so every figure can be checked against sec.gov. The same data is published as JSON at financials.json for agents that prefer to fetch it directly.
Apple designs and sells hardware (iPhone, Mac, iPad, Wearables/Home/Accessories) alongside a high-margin Services business, so the conventional operating-company frame -- revenue, cost of sales, gross margin, operating expenses, operating income, net income, balance sheet and cash flow -- fits the business directly. Because the company manages itself on a geographic basis and its product mix is the main driver of results, revenue and segment operating income are also broken out by geographic segment and revenue by product category for every period.
Reporting currency
USD
Converted to USD
no
Units
actual dollars (not millions)
Fiscal year convention
Apple's fiscal year is the 52- or 53-week period ending on the last Saturday of September. Fiscal 2023 spanned 53 weeks; fiscal 2024, 2025 and 2026 span 52 weeks each.
Annual
FY2025
FY2024
FY2023
Fiscal year
2025
2024
2023
Period end
2025-09-27
2024-09-28
2023-09-30
Weeks in period
52
52
53
Source accession
0000320193-25-000079
0000320193-25-000079
0000320193-25-000079
Source statement
Consolidated Statements of Operations, Balance Sheets and Statements of Cash Flows in the FY2025 Form 10-K
Consolidated Statements of Operations, Balance Sheets and Statements of Cash Flows in the FY2025 Form 10-K
Consolidated Statements of Operations, Balance Sheets and Statements of Cash Flows in the FY2025 Form 10-K
Income statement
Products
307,003,000,000
294,866,000,000
298,085,000,000
Services
109,158,000,000
96,169,000,000
85,200,000,000
Total net sales
416,161,000,000
391,035,000,000
383,285,000,000
Cost of sales products
194,116,000,000
185,233,000,000
189,282,000,000
Cost of sales services
26,844,000,000
25,119,000,000
24,855,000,000
Total cost of sales
220,960,000,000
210,352,000,000
214,137,000,000
Gross margin
195,201,000,000
180,683,000,000
169,148,000,000
Research and development
34,550,000,000
31,370,000,000
29,915,000,000
Selling general and administrative
27,601,000,000
26,097,000,000
24,932,000,000
Total operating expenses
62,151,000,000
57,467,000,000
54,847,000,000
Operating income
133,050,000,000
123,216,000,000
114,301,000,000
Other income expense net
-321,000,000
269,000,000
-565,000,000
Income before provision for income taxes
132,729,000,000
123,485,000,000
113,736,000,000
Provision for income taxes
20,719,000,000
29,749,000,000
16,741,000,000
Net income
112,010,000,000
93,736,000,000
96,995,000,000
Per share
Basic EPS
7.49
6.11
6.16
Diluted EPS
7.46
6.08
6.13
Weighted average basic shares
14,948,500,000
15,343,783,000
15,744,231,000
Weighted average diluted shares
15,004,697,000
15,408,095,000
15,812,547,000
Dividends declared per share
1.02
0.98
0.94
Balance sheet
Cash and cash equivalents
35,934,000,000
29,943,000,000
Marketable securities current
18,763,000,000
35,228,000,000
Accounts receivable net
39,777,000,000
33,410,000,000
Vendor non trade receivables
33,180,000,000
32,833,000,000
Inventories
5,718,000,000
7,286,000,000
Other current assets
14,585,000,000
14,287,000,000
Total current assets
147,957,000,000
152,987,000,000
Marketable securities non current
77,723,000,000
91,479,000,000
Property plant and equipment net
49,834,000,000
45,680,000,000
Other non current assets
83,727,000,000
74,834,000,000
Total non current assets
211,284,000,000
211,993,000,000
Total assets
359,241,000,000
364,980,000,000
Accounts payable
69,860,000,000
68,960,000,000
Other current liabilities
66,387,000,000
78,304,000,000
Deferred revenue current
9,055,000,000
8,249,000,000
Commercial paper
7,979,000,000
9,967,000,000
Term debt current
12,350,000,000
10,912,000,000
Total current liabilities
165,631,000,000
176,392,000,000
Term debt non current
78,328,000,000
85,750,000,000
Other non current liabilities
41,549,000,000
45,888,000,000
Total non current liabilities
119,877,000,000
131,638,000,000
Total liabilities
285,508,000,000
308,030,000,000
Common stock and additional paid in capital
93,568,000,000
83,276,000,000
Accumulated deficit
-14,264,000,000
-19,154,000,000
Accumulated other comprehensive loss
-5,571,000,000
-7,172,000,000
Total shareholders equity
73,733,000,000
56,950,000,000
62,146,000,000
Total debt commercial paper plus term debt
98,657,000,000
106,629,000,000
Total cash and marketable securities
132,420,000,000
156,650,000,000
Net cash position
33,763,000,000
50,021,000,000
Cash cash equivalents and restricted cash
30,737,000,000
Coverage note
The FY2025 Form 10-K presents balance sheets only as of September 27, 2025 and September 28, 2024. The two fiscal 2023 figures shown here are the ending balances carried in that same filing's Consolidated Statements of Cash Flows and Consolidated Statements of Shareholders' Equity; no other fiscal 2023 balance sheet lines are presented in the filing.
Cash flow
Net income
112,010,000,000
93,736,000,000
96,995,000,000
Depreciation and amortization
11,698,000,000
11,445,000,000
11,519,000,000
Share based compensation expense
12,863,000,000
11,688,000,000
10,833,000,000
Cash generated by operating activities
111,482,000,000
118,254,000,000
110,543,000,000
Payments for acquisition of property plant and equipment
12,715,000,000
9,447,000,000
10,959,000,000
Cash generated by investing activities
15,195,000,000
2,935,000,000
3,705,000,000
Payments for dividends and dividend equivalents
15,421,000,000
15,234,000,000
15,025,000,000
Repurchases of common stock
90,711,000,000
94,949,000,000
77,550,000,000
Proceeds from issuance of term debt net
4,481,000,000
0
5,228,000,000
Repayments of term debt
10,932,000,000
9,958,000,000
11,151,000,000
Proceeds from repayments of commercial paper net
-2,032,000,000
3,960,000,000
-3,978,000,000
Cash used in financing activities
-120,686,000,000
-121,983,000,000
-108,488,000,000
Cash paid for income taxes net
43,369,000,000
26,102,000,000
18,679,000,000
Revenue by category
iPhone
209,586,000,000
201,183,000,000
200,583,000,000
Mac
33,708,000,000
29,984,000,000
29,357,000,000
iPad
28,023,000,000
26,694,000,000
28,300,000,000
Wearables home and accessories
35,686,000,000
37,005,000,000
39,845,000,000
Services
109,158,000,000
96,169,000,000
85,200,000,000
Total net sales
416,161,000,000
391,035,000,000
383,285,000,000
Revenue by geographic segment
Americas
178,353,000,000
167,045,000,000
162,560,000,000
Europe
111,032,000,000
101,328,000,000
94,294,000,000
Greater china
64,377,000,000
66,952,000,000
72,559,000,000
Japan
28,703,000,000
25,052,000,000
24,257,000,000
Rest of asia pacific
33,696,000,000
30,658,000,000
29,615,000,000
Total net sales
416,161,000,000
391,035,000,000
383,285,000,000
Derived
Gross margin %
46.91%
46.21%
44.13%
Operating margin %
31.97%
31.51%
29.82%
Net margin %
26.92%
23.97%
25.31%
Free cash flow
98,767,000,000
108,807,000,000
99,584,000,000
Operating income by geographic segment
Americas
72,480,000,000
67,656,000,000
60,508,000,000
Europe
47,739,000,000
41,790,000,000
36,098,000,000
Greater china
26,917,000,000
27,082,000,000
30,328,000,000
Japan
13,955,000,000
12,454,000,000
11,888,000,000
Rest of asia pacific
14,586,000,000
13,062,000,000
12,066,000,000
Corporate
-42,627,000,000
-38,828,000,000
-36,587,000,000
Total operating income
133,050,000,000
123,216,000,000
114,301,000,000
Notes
Fiscal 2023 spanned 53 weeks; fiscal 2024, 2025 and 2026 each span 52 weeks.
Quarterly
Q2 FY2026
Q1 FY2026
Q2 FY2025 (prior-year comparative)
Q1 FY2025 (prior-year comparative)
Label
Q2 FY2026
Q1 FY2026
Q2 FY2025 (prior-year comparative)
Q1 FY2025 (prior-year comparative)
Fiscal year
2026
2026
2025
2025
Fiscal quarter
2
1
2
1
Period start
2025-12-28
2025-09-28
2024-12-29
2024-09-29
Period end
2026-03-28
2025-12-27
2025-03-29
2024-12-28
Source accession
0000320193-26-000013
0000320193-26-000005
0000320193-26-000013
0000320193-26-000005
Source statement
Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets in the Q2 FY2026 Form 10-Q
Condensed Consolidated Statements of Operations, Balance Sheets and Statements of Cash Flows in Exhibit 99.1 to the first-quarter fiscal 2026 results Form 8-K. These are press-release figures, not figures taken from a Form 10-Q.
Prior-year comparative column of the Condensed Consolidated Statements of Operations in the Q2 FY2026 Form 10-Q
Prior-year comparative column of Exhibit 99.1 to the first-quarter fiscal 2026 results Form 8-K (press-release figures).
Income statement
Products
80,208,000,000
113,743,000,000
68,714,000,000
97,960,000,000
Services
30,976,000,000
30,013,000,000
26,645,000,000
26,340,000,000
Total net sales
111,184,000,000
143,756,000,000
95,359,000,000
124,300,000,000
Cost of sales products
49,179,000,000
67,478,000,000
44,030,000,000
59,447,000,000
Cost of sales services
7,224,000,000
7,047,000,000
6,462,000,000
6,578,000,000
Total cost of sales
56,403,000,000
74,525,000,000
50,492,000,000
66,025,000,000
Gross margin
54,781,000,000
69,231,000,000
44,867,000,000
58,275,000,000
Research and development
11,419,000,000
10,887,000,000
8,550,000,000
8,268,000,000
Selling general and administrative
7,477,000,000
7,492,000,000
6,728,000,000
7,175,000,000
Total operating expenses
18,896,000,000
18,379,000,000
15,278,000,000
15,443,000,000
Operating income
35,885,000,000
50,852,000,000
29,589,000,000
42,832,000,000
Other income expense net
-52,000,000
150,000,000
-279,000,000
-248,000,000
Income before provision for income taxes
35,833,000,000
51,002,000,000
29,310,000,000
42,584,000,000
Provision for income taxes
6,255,000,000
8,905,000,000
4,530,000,000
6,254,000,000
Net income
29,578,000,000
42,097,000,000
24,780,000,000
36,330,000,000
Per share
Basic EPS
2.02
2.85
1.65
2.41
Diluted EPS
2.01
2.84
1.65
2.4
Weighted average basic shares
14,673,278,000
14,748,158,000
14,994,082,000
15,081,724,000
Weighted average diluted shares
14,725,873,000
14,810,356,000
15,056,133,000
15,150,865,000
Dividends declared per share
0.26
0.26
0.25
Derived
Gross margin %
49.27%
48.16%
47.05%
46.88%
Operating margin %
32.28%
35.37%
31.03%
34.46%
Net margin %
26.6%
29.28%
25.99%
29.23%
Balance sheet
Cash and cash equivalents
45,572,000,000
45,317,000,000
Marketable securities current
22,935,000,000
21,590,000,000
Accounts receivable net
30,339,000,000
39,921,000,000
Vendor non trade receivables
23,172,000,000
30,399,000,000
Inventories
6,747,000,000
5,875,000,000
Other current assets
15,349,000,000
15,002,000,000
Total current assets
144,114,000,000
158,104,000,000
Marketable securities non current
78,088,000,000
77,888,000,000
Property plant and equipment net
50,116,000,000
50,159,000,000
Intangible assets net non current
21,334,000,000
Other non current assets
77,430,000,000
93,146,000,000
Total non current assets
226,968,000,000
221,193,000,000
Total assets
371,082,000,000
379,297,000,000
Accounts payable
57,349,000,000
70,587,000,000
Other current liabilities
57,654,000,000
68,543,000,000
Deferred revenue current
9,331,000,000
9,413,000,000
Commercial paper
1,997,000,000
1,997,000,000
Term debt current
8,310,000,000
11,827,000,000
Total current liabilities
134,641,000,000
162,367,000,000
Term debt non current
74,404,000,000
76,685,000,000
Other non current liabilities
55,546,000,000
52,055,000,000
Total non current liabilities
129,950,000,000
128,740,000,000
Total liabilities
264,591,000,000
291,107,000,000
Common stock and additional paid in capital
99,507,000,000
95,221,000,000
Retained earnings
12,359,000,000
Accumulated other comprehensive loss
-5,375,000,000
-4,854,000,000
Total shareholders equity
106,491,000,000
88,190,000,000
Total debt commercial paper plus term debt
84,711,000,000
90,509,000,000
Total cash and marketable securities
146,595,000,000
144,795,000,000
Net cash position
61,884,000,000
54,286,000,000
Accumulated deficit
-2,177,000,000
Shares issued and outstanding at period end
14,667,688,000
14,702,703,000
Shares issued and outstanding on cover page
Shares
14,687,356,000
As of
2026-04-17
Revenue by category
iPhone
56,994,000,000
85,269,000,000
46,841,000,000
69,138,000,000
Mac
8,399,000,000
8,386,000,000
7,949,000,000
8,987,000,000
iPad
6,914,000,000
8,595,000,000
6,402,000,000
8,088,000,000
Wearables home and accessories
7,901,000,000
11,493,000,000
7,522,000,000
11,747,000,000
Services
30,976,000,000
30,013,000,000
26,645,000,000
26,340,000,000
Total net sales
111,184,000,000
143,756,000,000
95,359,000,000
124,300,000,000
Revenue by geographic segment
Americas
45,093,000,000
58,529,000,000
40,315,000,000
52,648,000,000
Europe
28,055,000,000
38,146,000,000
24,454,000,000
33,861,000,000
Greater china
20,497,000,000
25,526,000,000
16,002,000,000
18,513,000,000
Japan
8,401,000,000
9,413,000,000
7,298,000,000
8,987,000,000
Rest of asia pacific
9,138,000,000
12,142,000,000
7,290,000,000
10,291,000,000
Total net sales
111,184,000,000
143,756,000,000
95,359,000,000
124,300,000,000
Operating income by geographic segment
Americas
19,373,000,000
16,774,000,000
Europe
13,052,000,000
10,316,000,000
Greater china
9,189,000,000
6,626,000,000
Japan
3,839,000,000
3,434,000,000
Rest of asia pacific
4,127,000,000
2,986,000,000
Corporate
-13,695,000,000
-10,547,000,000
Total operating income
35,885,000,000
29,589,000,000
Gross margin detail
Products gross margin
31,029,000,000
24,684,000,000
Services gross margin
23,752,000,000
20,183,000,000
Total gross margin
54,781,000,000
44,867,000,000
Products gross margin %
38.7%
35.9%
Services gross margin %
76.7%
75.7%
Total gross margin %
49.3%
47.1%
Effective tax rate %
17.5%
15.5%
Cash flow three month derived
Basis
The Q2 FY2026 Form 10-Q presents cash flows only for the six months ended March 28, 2026. These three-month amounts are the six-month figures less the three months ended December 27, 2025 reported in the first-quarter results release (accession 0000320193-26-000005).
Cash generated by operating activities
28,702,000,000
Payments for acquisition of property plant and equipment
1,971,000,000
Free cash flow
26,731,000,000
Depreciation and amortization
3,439,000,000
Share based compensation expense
3,528,000,000
Payments for dividends and dividend equivalents
3,822,000,000
Repurchases of common stock
12,288,000,000
Cash flow
Net income
42,097,000,000
36,330,000,000
Depreciation and amortization
3,214,000,000
3,080,000,000
Share based compensation expense
3,594,000,000
3,286,000,000
Cash generated by operating activities
53,925,000,000
29,935,000,000
Payments for acquisition of property plant and equipment
2,373,000,000
2,940,000,000
Free cash flow
51,552,000,000
26,995,000,000
Cash used in investing activities
-4,886,000,000
Payments for dividends and dividend equivalents
3,921,000,000
3,856,000,000
Repurchases of common stock
24,701,000,000
23,606,000,000
Repayments of term debt
2,164,000,000
Repayments of commercial paper net
5,910,000,000
Cash used in financing activities
-39,656,000,000
-39,371,000,000
Cash paid for income taxes net
3,434,000,000
Year to date
First six months of FY2026
First six months of FY2025 (prior-year comparative)
Label
First six months of FY2026
First six months of FY2025 (prior-year comparative)
Period start
2025-09-28
2024-09-29
Period end
2026-03-28
2025-03-29
Months
6
6
Source accession
0000320193-26-000013
0000320193-26-000013
Source statement
Six-month columns of the Condensed Consolidated Statements of Operations and Cash Flows in the Q2 FY2026 Form 10-Q
Six-month columns of the Condensed Consolidated Statements of Operations and Cash Flows in the Q2 FY2026 Form 10-Q
Income statement
Products
193,951,000,000
166,674,000,000
Services
60,989,000,000
52,985,000,000
Total net sales
254,940,000,000
219,659,000,000
Cost of sales products
116,657,000,000
103,477,000,000
Cost of sales services
14,271,000,000
13,040,000,000
Total cost of sales
130,928,000,000
116,517,000,000
Gross margin
124,012,000,000
103,142,000,000
Research and development
22,306,000,000
16,818,000,000
Selling general and administrative
14,969,000,000
13,903,000,000
Total operating expenses
37,275,000,000
30,721,000,000
Operating income
86,737,000,000
72,421,000,000
Other income expense net
98,000,000
-527,000,000
Income before provision for income taxes
86,835,000,000
71,894,000,000
Provision for income taxes
15,160,000,000
10,784,000,000
Net income
71,675,000,000
61,110,000,000
Per share
Basic EPS
4.87
4.06
Diluted EPS
4.85
4.05
Weighted average basic shares
14,710,718,000
15,037,903,000
Weighted average diluted shares
14,768,115,000
15,103,499,000
Derived
Gross margin %
48.64%
46.96%
Operating margin %
34.02%
32.97%
Net margin %
28.11%
27.82%
Free cash flow
78,283,000,000
47,876,000,000
Cash flow
Net income
71,675,000,000
61,110,000,000
Depreciation and amortization
6,653,000,000
5,741,000,000
Share based compensation expense
7,122,000,000
6,512,000,000
Cash generated by operating activities
82,627,000,000
53,887,000,000
Payments for acquisition of property plant and equipment
4,344,000,000
6,011,000,000
Cash generated by used in investing activities
-11,054,000,000
12,709,000,000
Payments for dividends and dividend equivalents
7,743,000,000
7,614,000,000
Repurchases of common stock
36,989,000,000
49,504,000,000
Repayments of term debt
7,914,000,000
4,009,000,000
Repayments of commercial paper net
5,911,000,000
3,968,000,000
Cash used in financing activities
-61,935,000,000
-68,377,000,000
Cash paid for income taxes net
20,397,000,000
31,683,000,000
Revenue by category
iPhone
142,263,000,000
115,979,000,000
Mac
16,785,000,000
16,936,000,000
iPad
15,509,000,000
14,490,000,000
Wearables home and accessories
19,394,000,000
19,269,000,000
Services
60,989,000,000
52,985,000,000
Total net sales
254,940,000,000
219,659,000,000
Revenue by geographic segment
Americas
103,622,000,000
92,963,000,000
Europe
66,201,000,000
58,315,000,000
Greater china
46,023,000,000
34,515,000,000
Japan
17,814,000,000
16,285,000,000
Rest of asia pacific
21,280,000,000
17,581,000,000
Total net sales
254,940,000,000
219,659,000,000
Operating income by geographic segment
Americas
43,326,000,000
38,283,000,000
Europe
30,842,000,000
24,923,000,000
Greater china
20,981,000,000
14,786,000,000
Japan
8,452,000,000
7,748,000,000
Rest of asia pacific
9,813,000,000
7,570,000,000
Corporate
-26,677,000,000
-20,889,000,000
Total operating income
86,737,000,000
72,421,000,000
Gross margin detail
Products gross margin
77,294,000,000
63,197,000,000
Services gross margin
46,718,000,000
39,945,000,000
Total gross margin
124,012,000,000
103,142,000,000
Products gross margin %
39.9%
37.9%
Services gross margin %
76.6%
75.4%
Total gross margin %
48.6%
47.0%
Effective tax rate %
17.5%
15.0%
Trailing twelve months
Trailing twelve months ended March 28, 2026
Label
Trailing twelve months ended March 28, 2026
Period start
2025-03-30
Period end
2026-03-28
Basis
Fiscal 2025 full-year figures from the FY2025 Form 10-K (accession 0000320193-25-000079), plus the six months ended March 28, 2026 less the six months ended March 29, 2025, both from the Q2 FY2026 Form 10-Q (accession 0000320193-26-000013).
Income statement
Products
334,280,000,000
Services
117,162,000,000
Total net sales
451,442,000,000
Total cost of sales
235,371,000,000
Gross margin
216,071,000,000
Research and development
40,038,000,000
Selling general and administrative
28,667,000,000
Total operating expenses
68,705,000,000
Operating income
147,366,000,000
Other income expense net
304,000,000
Income before provision for income taxes
147,670,000,000
Provision for income taxes
25,095,000,000
Net income
122,575,000,000
Cash flow
Depreciation and amortization
12,610,000,000
Cash generated by operating activities
140,222,000,000
Payments for acquisition of property plant and equipment
11,048,000,000
Free cash flow
129,174,000,000
Payments for dividends and dividend equivalents
15,550,000,000
Repurchases of common stock
78,196,000,000
Revenue by category
iPhone
235,870,000,000
Mac
33,557,000,000
iPad
29,042,000,000
Wearables home and accessories
35,811,000,000
Services
117,162,000,000
Total net sales
451,442,000,000
Revenue by geographic segment
Americas
189,012,000,000
Europe
118,918,000,000
Greater china
75,885,000,000
Japan
30,232,000,000
Rest of asia pacific
37,395,000,000
Total net sales
451,442,000,000
Derived
Gross margin %
47.86%
Operating margin %
32.64%
Net margin %
27.15%
Diluted EPS
8.26
Diluted EPS basis
Reported fiscal 2025 diluted earnings per share of $7.46 plus the reported first-six-months fiscal 2026 figure of $4.85 less the reported first-six-months fiscal 2025 figure of $4.05. Because per-share amounts are computed on each period's own weighted-average share count, this rolls up to an approximation rather than an amount the company reported.
Units notes seen
Value
FY2025 10-K Consolidated Statements of Operations
In millions, except number of shares, which are reflected in thousands, and per-share amounts
FY2025 10-K Consolidated Statements of Comprehensive Income
In millions
FY2025 10-K Consolidated Balance Sheets
In millions, except number of shares, which are reflected in thousands, and par value
FY2025 10-K Consolidated Statements of Shareholders' Equity
In millions, except per-share amounts
FY2025 10-K Consolidated Statements of Cash Flows
In millions
FY2025 10-K Note 2 revenue disaggregation
in millions
FY2025 10-K Note 3 earnings per share
net income in millions and shares in thousands
FY2025 10-K Note 13 segment information and geographic data
in millions
Q2 FY2026 10-Q Condensed Consolidated Statements of Operations
In millions, except number of shares, which are reflected in thousands, and per-share amounts
In millions, except number of shares, which are reflected in thousands, and par value
Q2 FY2026 10-Q Condensed Consolidated Statements of Shareholders' Equity
In millions, except per-share amounts
Q2 FY2026 10-Q Condensed Consolidated Statements of Cash Flows
In millions
Q2 FY2026 10-Q Note 2 revenue disaggregation
in millions
Q2 FY2026 10-Q Note 10 segment information
in millions
Q2 FY2026 10-Q cover page share count
stated in whole shares: 14,687,356,000 shares issued and outstanding as of April 17, 2026
Q1 FY2026 results release (Exhibit 99.1) statements of operations and balance sheets
In millions, except number of shares, which are reflected in thousands, and per-share amounts / and par value
Q1 FY2026 results release (Exhibit 99.1) statements of cash flows
In millions
Adjustments
Value
Splits applied
none
Splits on record
1.
Date
2020-08-31
Ratio
4:1
Type
forward
Splits note
The only stock split on record is the 4-for-1 forward split of August 31, 2020, which precedes every period reported here. All per-share amounts and share counts as filed are therefore already on a comparable post-split basis and no split adjustment was applied.
ADR ratio
n/a
ADR note
Apple Inc. is a domestic U.S. filer and its common stock is not an American Depositary Receipt, so no depositary-ratio conversion applies.
FX
None. Apple reports in U.S. dollars, so no currency conversion was applied to any figure.
Sources
Accession
Form
Filed
Period end
Used for
0000320193-25-000079
10-K
2025-10-31
2025-09-27
Fiscal 2025, 2024 and 2023 annual figures, product-category revenue and geographic segment data
0000320193-26-000013
10-Q
2026-05-01
2026-03-28
Second-quarter and first-six-months fiscal 2026 figures with their prior-year comparatives, and the March 28, 2026 balance sheet
0000320193-26-000005
8-K
2026-01-29
2025-12-27
First-quarter fiscal 2026 figures and the December 27, 2025 balance sheet, taken from Exhibit 99.1 (the results press release)
Definitions
Value
Free cash flow
Cash generated by operating activities less payments for acquisition of property, plant and equipment, as those lines are reported in the statement of cash flows.
Total debt
Commercial paper plus current term debt plus non-current term debt, as those lines appear on the balance sheet. Apple does not present a single 'total debt' caption.
Total cash and marketable securities
Cash and cash equivalents plus current marketable securities plus non-current marketable securities.
Net cash position
Total cash and marketable securities less total debt.
Capital expenditure
The 'Payments for acquisition of property, plant and equipment' line of the statement of cash flows. Values are stated here as positive outflows.
Corporate segment
Apple's segment tables assign research and development and general and administrative expense to a Corporate column rather than to a geographic segment, which is why Corporate operating income is a large negative number.
Notes
All dollar figures in this file are stated in actual dollars. The underlying statements are presented in millions and share counts in thousands, so each figure was scaled up accordingly; the exact scaling note read for every statement used is recorded in units_notes_seen.
Annual coverage reflects exactly what the FY2025 10-K (accession 0000320193-25-000079) presents on its face: three years of income statement and cash flow (fiscal 2025, 2024 and 2023) and two years of balance sheet (September 27, 2025 and September 28, 2024). No fiscal 2023 balance sheet is presented in that filing, so only the two fiscal 2023 ending balances that appear elsewhere in it -- total shareholders' equity from the statement of shareholders' equity and the cash ending balance from the statement of cash flows -- are carried here.
First-quarter fiscal 2026 figures come from Exhibit 99.1 to the January 29, 2026 results Form 8-K (accession 0000320193-26-000005), which is a press release rather than a Form 10-Q. Those statements are labeled unaudited and condensed. They tie exactly to the first-quarter column implied by the Q2 FY2026 Form 10-Q: the six-month fiscal 2026 revenue of $254,940 million less second-quarter revenue of $111,184 million equals the $143,756 million the release reports, and the same subtraction reproduces its net income of $42,097 million.
The Q2 FY2026 Form 10-Q presents cash flows only on a six-month basis, so no standalone second-quarter cash flow statement exists in a filing. The three-month cash flow amounts shown for Q2 FY2026 are the six-month figures less the first-quarter figures from the results release, and are labeled as derived. That method was checked against a directly disclosed figure: it produces second-quarter share-based compensation expense of $3,528 million, which is exactly the amount the 10-Q's share-based compensation note reports for the three months ended March 28, 2026.
The Q2 FY2026 10-Q restates the September 27, 2025 balance sheet column by splitting out a new 'Intangible assets, net' line of $11,093 million from what the FY2025 10-K had shown as a single 'Other non-current assets' balance of $83,727 million, leaving $72,634 million in that caption. The two add back to the original $83,727 million, so this is a presentation reclassification rather than a change in amounts. The fiscal 2025 annual balance sheet here is reported as the 10-K originally presented it; the quarterly balance sheets are reported on each filing's own presentation.
Intangible assets grew sharply during the first half of fiscal 2026: gross intangible assets rose from $24,950 million at September 27, 2025 to $37,767 million at March 28, 2026, with total intangible assets net of amortization rising from $13,301 million to $25,797 million, of which $21,334 million is classified as non-current. Research and development expense rose 34% year over year in the second quarter, which the filing attributes primarily to higher infrastructure-related costs and headcount-related expenses.
Total debt is not a caption Apple presents, so it is computed here from the balance sheet as commercial paper plus current and non-current term debt. On that basis it fell from $106,629 million at September 28, 2024 to $98,657 million at September 27, 2025 and to $84,711 million at March 28, 2026. Separately, the debt note states the aggregate carrying amount of outstanding fixed-rate notes was $82.7 billion at March 28, 2026 and $90.7 billion at September 27, 2025, consistent with the sum of the current and non-current term debt lines.
Cash flow statement dividend and buyback amounts differ slightly from the amounts shown in the statement of shareholders' equity because the cash flow statement reflects cash actually paid or settled in the period while the equity statement reflects amounts declared or shares repurchased in the period. Both are reported here where available, in their respective statements.
Fiscal 2023 spanned 53 weeks while fiscal 2024, 2025 and 2026 span 52 weeks each, which slightly flatters fiscal 2023 in any year-over-year comparison against fiscal 2024.
Every figure in this file was read from the face of the filings named in the sources block. The SEC's XBRL company facts were used only as an independent cross-check and agreed with the filings on revenue, net income, total assets, shareholders' equity, diluted earnings per share, diluted share counts, operating cash flow, capital expenditure, non-current term debt and cash and cash equivalents for each period tested; no figure had to be overridden.
Apple's segment tables charge research and development and general and administrative expense to a Corporate column rather than to a geographic segment, so segment operating income sums to consolidated operating income only after the large negative Corporate figure is included.
Uncertainties
The three-month Q2 FY2026 cash flow amounts are derived by subtraction rather than reported, because the Q2 FY2026 Form 10-Q presents cash flows only for the six months ended March 28, 2026. The derivation is arithmetically exact against the six-month and first-quarter statements, but Apple never published a standalone second-quarter cash flow statement, and the derived buyback figure of $12,288 million is on a cash-settlement basis and so differs from the $11,099 million of common stock repurchased shown in the statement of shareholders' equity and the approximately $11.0 billion cited in the filing's liquidity discussion.
First-quarter fiscal 2026 figures are press-release figures from Exhibit 99.1 to the January 29, 2026 Form 8-K, not figures from a Form 10-Q. The corresponding Form 10-Q was filed but is not among the filings used here; the press release figures reconcile exactly to the six-month column of the Q2 FY2026 Form 10-Q.
No fiscal 2023 balance sheet is presented in the FY2025 10-K, so fiscal 2023 total assets, total liabilities, debt, receivables, inventories and every other balance sheet line are unavailable and are omitted rather than estimated. The fiscal 2023 cash figure shown is the 'cash, cash equivalents, and restricted cash and cash equivalents' ending balance from the statement of cash flows, which is a slightly broader measure than the balance sheet's cash and cash equivalents line.
The trailing-twelve-month diluted earnings per share of $8.26 is a roll-up of reported per-share amounts, not a figure Apple reported. Per-share amounts are computed on each period's own weighted-average share count, so adding and subtracting them yields an approximation.
Q2 FY2025 and Q1 FY2025 are shown as prior-year comparative columns only. No balance sheet as of March 29, 2025 or December 28, 2024 appears in the filings used here, so no quarterly balance sheet is reported for those periods.
Company details
Value
Name
Apple Inc.
Ticker
AAPL
CIK
0000320193
Exchange
Nasdaq
State
California
Incorporation
California
SIC
3571
Office
Technology
Industry
Electronic Computers
Next filing
Value
Predicted date
2026-07-29
Predicted type
10-Q
Fiscal period
FY2026
Fiscal year
2026
Fiscal period
Q2
Tag
FY26Q2
Period end
2026-03-28
Form
10-Q
Accession
0000320193-26-000013
Fiscal year end
0926
Source
facts
Built from Apple Inc.'s SEC filings by Ticker Scout. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer. Also for this company: company index, financials.json, index.json.