AppleApple Inc.USAAPLNasdaqFY ending Sep 2025, consolidated, US GAAP

Apple FY ending Sep 2025 results

Apple brought in $416.2B in revenue.

Out of every $100 of sales, about $32 is left as operating profit.

Revenue changed +6.4% from the prior year, operating profit +8.0%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +6.4% · profit +8.0%, calculated from disclosed figures.

Operating leverage: 1.24× (profit growth ÷ revenue growth)

What changed from last year

FY ending Sep 2024 → FY ending Sep 2025

Revenue
+6.4%$391B → $416.2B
Gross profit
+8.0%$180.7B → $195.2B
Operating income
+8.0%$123.2B → $133.1B
Net income attributable to owners
+19.5%$93.7B → $112B
Operating cash flow
-5.7%$118.3B → $111.5B
Free cash flow
-9.2%$108.8B → $98.8B

Where the money goes

FY ending Sep 2024 → FY ending Sep 2025

Where $100 of sales goes

For every $100 Apple sells, how much goes where, and how much is kept.

FY ending Sep 2025
Cost of sales
$53
SG&A
$15
Operating profit
$32
Net profit kept
$27

Annual margin trends

Gross margin46.9%
FY ending Sep 2020: 38.2%38.2%FY ending Sep 2021: 41.8%41.8%FY ending Sep 2022: 43.3%43.3%FY ending Sep 2023: 44.1%44.1%FY ending Sep 2024: 46.2%46.2%FY ending Sep 2025: 46.9%46.9%FY20FY21FY22FY23FY24FY25
Operating margin32.0%
FY ending Sep 2020: 24.1%24.1%FY ending Sep 2021: 29.8%29.8%FY ending Sep 2022: 30.3%30.3%FY ending Sep 2023: 29.8%29.8%FY ending Sep 2024: 31.5%31.5%FY ending Sep 2025: 32.0%32.0%FY20FY21FY22FY23FY24FY25
Net margin26.9%
FY ending Sep 2020: 20.9%20.9%FY ending Sep 2021: 25.9%25.9%FY ending Sep 2022: 25.3%25.3%FY ending Sep 2023: 25.3%25.3%FY ending Sep 2024: 24.0%24.0%FY ending Sep 2025: 26.9%26.9%FY20FY21FY22FY23FY24FY25

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Sources

Show source documents (5)
  • SEC EDGAR (U.S. SEC)

    Form 10-K

    ID 0000320193-25-0000792025-10-31Open
  • SEC EDGAR (U.S. SEC)

    Form 10-K

    ID 0000320193-24-0001232024-11-01Open
  • SEC EDGAR (U.S. SEC)

    Form 10-K

    ID 0000320193-23-0001062023-11-03Open
  • SEC EDGAR (U.S. SEC)

    Form 10-K

    ID 0000320193-22-0001082022-10-28Open
  • SEC EDGAR (U.S. SEC)

    Form 10-K

    ID 0000320193-21-0001052021-10-29Open

Extracted from XBRL: 19 / Derived from other figures: 1

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Processed by Vizora.

Spotted an error? Report it (corrections keep the original record)

Other periods

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.