Apple (AAPL) Financials: Revenue & Earnings

AAPL price $344.41 -2.69 -0.77%

Ticker
AAPL
Price
$344.41
Change
-2.69 -0.77%
Market cap ?
$5.03T
P/E ?
39.67
Forward P/E ?
35.93
Dividend yield ?
0.31%
Beta ?
1.07
Sector
Technology
Industry
Consumer Electronics
Stocklytics score
44
Value
14
Quality
69
Growth
49

Stocklytics score rationale: value 14, quality 69, growth 49.

Financials

2016201720182019202020212022202320242025
215639000000229234000000265595000000260174000000274515000000365817000000394328000000383285000000391035000000416161000000

Apple Inc. is a global technology corporation that specializes in the conceptualization, production, and sale of a diverse suite of electronic devices. Its comprehensive hardware lineup features the well-known iPhone smartphones, Mac personal computers, and versatile iPad tablets. The company also supplies a range of wearables, smart home products, and accessories, including AirPods, Apple TV, Apple Watch, items…

Fair value

AAPL fair value $207.06. Price $344.41. Price is 66% above fair value.

Above fair value, and more expensive than usual. A larger premium than on 84% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 136.68B. Growth 11.53%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.18% (beta 1.1). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 14.59B. Net debt 76.44B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Model uncertainty high for this stock

Compare AAPL

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-02—1.99—113.39B
2026-07-302.021.89109.42B109.04B
2026-04-302.011.95111.18B109.46B
2026-01-292.852.67143.76B138.39B
2025-10-301.851.73102.47B102.23B
2025-07-311.571.4494.04B89.56B
2025-05-011.651.6395.36B94.54B
2025-01-302.402.36124.30B124.26B
2024-10-311.641.6094.93B94.51B
2024-08-011.401.3485.78B84.48B
2024-05-021.531.5190.75B90.37B
2024-02-012.182.10119.58B117.99B
2023-11-021.461.3989.50B89.30B
2023-08-031.261.1981.80B81.79B
2023-05-041.521.4494.84B92.91B
2023-02-021.881.93117.15B121.33B
2022-10-271.291.2790.15B88.74B
2022-07-281.201.1482.96B82.79B
2022-04-281.521.4397.28B94.03B
2022-01-272.101.89123.94B119.00B
2021-10-281.241.2483.36B117.99B
2021-07-271.301.0081.43B84.58B
2021-04-281.401.0089.58B76.92B
2021-01-271.681.41111.44B90.10B
2020-10-290.730.6964.70B63.80B
2020-07-300.640.5159.69B46.83B
2020-04-300.640.5258.31B51.02B
2020-01-281.251.1391.82B83.74B
2019-10-300.760.7164.04B63.01B
2019-07-300.550.5253.81B53.32B
2019-04-300.620.5958.02B57.51B
2019-01-291.041.0484.31B83.51B
2018-11-010.730.7062.90B60.32B
2018-07-310.580.5453.27B49.62B
2018-05-010.680.6761.14B59.79B
2018-02-010.970.9588.29B87.61B
2017-11-020.520.4752.58B47.50B
2017-08-010.420.3945.41B42.69B
2017-05-020.520.5052.90B50.88B
2017-01-310.840.8178.35B74.85B

Dividends

Yield 0.31%. Payout ratio 12.13%. Frequency Quarterly.

Safety score 91/100 · Safe. Payout ratio is 12% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 24 separate years. Yield is 0.3%, which is low.

Ex-dateDividendRecordPaymentFrequency
2026-08-10$0.272026-08-102026-08-13Quarterly
2026-05-11$0.272026-05-112026-05-14Quarterly
2026-02-09$0.262026-02-092026-02-12Quarterly
2025-11-10$0.262025-11-102025-11-13Quarterly
2025-08-11$0.262025-08-112025-08-14Quarterly
2025-05-12$0.262025-05-122025-05-15Quarterly
2025-02-10$0.252025-02-102025-02-13Quarterly
2024-11-08$0.252024-11-112024-11-14Quarterly
2024-08-12$0.252024-08-122024-08-15Quarterly
2024-05-10$0.252024-05-132024-05-16Quarterly
2024-02-09$0.242024-02-122024-02-15Quarterly
2023-11-10$0.242023-11-132023-11-16Quarterly
2023-08-11$0.242023-08-142023-08-17Quarterly
2023-05-12$0.242023-05-152023-05-18Quarterly
2023-02-10$0.232023-02-132023-02-16Quarterly
2022-11-04$0.232022-11-072022-11-10Quarterly
2022-08-05$0.232022-08-082022-08-11Quarterly
2022-05-06$0.232022-05-092022-05-12Quarterly
2022-02-04$0.222022-02-072022-02-10Quarterly
2021-11-05$0.222021-11-082021-11-11Quarterly
2021-08-06$0.222021-08-092021-08-12Quarterly
2021-05-07$0.222021-05-102021-05-13Quarterly
2021-02-05$0.202021-02-082021-02-11Quarterly
2020-11-06$0.202020-11-092020-11-12Quarterly
2020-08-07$0.202020-08-102020-08-13Quarterly
2020-05-08$0.202020-05-112020-05-14Quarterly
2020-02-07$0.192020-02-102020-02-13Quarterly
2019-11-07$0.192019-11-112019-11-14Quarterly
2019-08-09$0.192019-08-122019-08-15Quarterly
2019-05-10$0.192019-05-132019-05-16Quarterly
2019-02-08$0.182019-02-112019-02-14Quarterly
2018-11-08$0.182018-11-122018-11-15Quarterly
2018-08-10$0.182018-08-132018-08-16Quarterly
2018-05-11$0.182018-05-142018-05-17Quarterly
2018-02-09$0.162018-02-122018-02-15Quarterly
2017-11-10$0.162017-11-132017-11-16Quarterly
2017-08-10$0.162017-08-142017-08-17Quarterly
2017-05-11$0.162017-05-152017-05-18Quarterly
2017-02-09$0.142017-02-132017-02-16Quarterly
2016-11-03$0.142016-11-072016-11-10Quarterly
2016-08-04$0.142016-08-082016-08-11Quarterly
2016-05-05$0.142016-05-092016-05-12Quarterly
2016-02-04$0.132016-02-082016-02-11Quarterly
2015-11-05$0.132015-11-092015-11-12Quarterly
2015-08-06$0.132015-08-102015-08-13Quarterly
2015-05-07$0.132015-05-112015-05-14Quarterly
2015-02-05$0.122015-02-092015-02-12Quarterly
2014-11-06$0.122014-11-102014-11-13Quarterly
2014-08-07$0.122014-08-112014-08-14Quarterly
2014-05-08$0.122014-05-122014-05-15Quarterly
2014-02-06$0.112014-02-102014-02-13Quarterly
2013-11-06$0.112013-11-112013-11-14Quarterly
2013-08-08$0.112013-08-122013-08-15Quarterly
2013-05-09$0.112013-05-132013-05-16Quarterly
2013-02-07$0.092013-02-112013-02-14Quarterly
2012-11-07$0.092012-11-122012-11-15Quarterly
2012-08-09$0.092012-08-132012-08-16Quarterly
1995-11-21$0.001995-11-241995-12-15Irregular
1995-08-16$0.001995-08-181995-09-08Quarterly
1995-05-26$0.001995-06-021995-06-23Quarterly
1995-02-13$0.001995-02-171995-03-10Quarterly
1994-11-18$0.001994-11-251994-12-16Quarterly
1994-08-15$0.001994-08-191994-09-09Quarterly
1994-05-27$0.001994-06-031994-06-24Quarterly
1994-02-07$0.001994-02-111994-03-04Quarterly
1993-11-19$0.001993-11-261993-12-17Quarterly
1993-08-16$0.001993-08-201993-09-10Quarterly
1993-05-28$0.001993-06-041993-06-25Quarterly
1993-02-12$0.001993-02-191993-03-12Quarterly
1992-11-30$0.001992-12-041992-12-18Quarterly
1992-08-17$0.001992-08-211992-09-11Quarterly
1992-06-01$0.001992-06-051992-06-19Quarterly
1992-02-14$0.001992-02-211992-03-13Quarterly
1991-11-18$0.001991-11-221991-12-13Quarterly
1991-08-19$0.001991-08-231991-09-13Quarterly
1991-05-20$0.001991-05-241991-06-14Quarterly
1991-02-15$0.001991-02-221991-03-15Quarterly
1990-11-16$0.001990-11-231990-12-14Quarterly
1990-08-20$0.001990-08-241990-09-14Quarterly
1990-05-21$0.001990-05-251990-06-15Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-20Newstead JenniferSell2.40K$339.62814.75K
2026-10-16Borders BenSell151$343.0851.81K
2026-10-16Borders BenSell80$344.1827.53K
2026-10-16Borders BenSell969$345.74335.02K
2026-10-16Borders BenSell40$346.2213.85K
2026-10-16Borders BenSell40$347.4313.90K
2026-10-16Parekh KevanSell200$342.6668.53K
2026-10-16Parekh KevanSell192$343.6865.99K
2026-10-16Parekh KevanSell880$345.66304.18K
2026-10-16Parekh KevanSell80$346.4727.72K
2026-10-16Parekh KevanSell40$347.4613.90K
2026-10-15Borders BenBuy1.71K——
2026-10-15Borders BenSell883$342.00301.99K
2026-10-15Borders BenSell330——
2026-10-15Borders BenSell370——
2026-10-15Borders BenSell474——
2026-10-15Borders BenSell540——
2026-10-15Parekh KevanBuy10.93K——
2026-10-15Parekh KevanSell5.36K$342.001.83M
2026-10-15Parekh KevanSell5.11K——
2026-10-15Parekh KevanSell5.82K——
2026-10-13Newstead JenniferSell2.40K$345.00827.65K
2026-10-06Newstead JenniferSell2.40K$332.01796.49K
2026-10-02COOK TIMOTHY DSell23.14K$331.447.67M
2026-10-02COOK TIMOTHY DSell39.49K$332.1613.12M
2026-10-02COOK TIMOTHY DSell88.24K$333.2629.41M
2026-10-02COOK TIMOTHY DSell40.88K$333.9413.65M
2026-10-02COOK TIMOTHY DSell26.32K——
2026-10-02O'BRIEN DEIRDRESell40.76K$333.3513.59M
2026-10-02O'BRIEN DEIRDRESell5.62K$333.911.88M
2026-10-02Ternus JohnSell3.56K$331.381.18M
2026-10-02Ternus JohnSell5.35K$332.261.78M
2026-10-02Ternus JohnSell12.75K$333.344.25M
2026-10-02Ternus JohnSell3.75K$334.051.25M
2026-10-01COOK TIMOTHY DBuy374.54K——
2026-10-01COOK TIMOTHY DSell199.04K$330.3265.75M
2026-10-01COOK TIMOTHY DSell374.54K——
2026-10-01O'BRIEN DEIRDREBuy99.88K——
2026-10-01O'BRIEN DEIRDRESell53.49K$330.3217.67M
2026-10-01O'BRIEN DEIRDREBuy99.88K——
2026-10-01Ternus JohnBuy99.88K——
2026-10-01Ternus JohnSell49.05K$330.3216.20M
2026-10-01Ternus JohnSell99.88K——
2026-10-01Khan SabihBuy99.88K——
2026-10-01Khan SabihSell52.85K$330.3217.46M
2026-10-01Khan SabihSell99.88K——
2026-09-29Newstead JenniferSell2.40K$336.18806.50K
2026-09-27Khan SabihBuy47.65K——
2026-09-27Newstead JenniferBuy47.65K——
2026-09-27O'BRIEN DEIRDREBuy47.65K——
2026-09-27Parekh KevanBuy47.65K——
2026-09-27Ternus JohnBuy120.94K——
2026-09-27Ternus JohnBuy40.31K——
2026-09-27COOK TIMOTHY DBuy65.97K——
2026-09-22Newstead JenniferSell2.40K$340.06815.80K
2026-09-15Newstead JenniferSell30.10K——
2026-09-15Newstead JenniferBuy30.10K——
2026-09-15Newstead JenniferSell16.23K$331.345.38M
2026-09-15Newstead JenniferSell1.44K$330.19474.81K
2026-09-08Newstead JenniferSell1.44K$317.23456.18K
2026-09-01Newstead JenniferSell1.44K$317.01456.18K
2026-09-01Ternus JohnBuy7.69K——
2026-09-01Ternus JohnOther0——
2026-09-01Ternus JohnOther48.93K——
2026-08-25Newstead JenniferSell1.44K$310.95447.46K
2026-08-18Newstead JenniferSell1.44K$307.49442.48K
2026-08-11Newstead JenniferSell1.44K$307.75442.85K
2026-06-16Borders BenSell116$295.1434.24K
2026-06-15Newstead JenniferSell30.10K——
2026-06-15Newstead JenniferBuy30.10K——
2026-06-15Newstead JenniferSell16.24K$296.424.81M
2026-06-15Borders BenBuy240——
2026-06-15Borders BenSell124$296.4236.76K
2026-06-15Borders BenSell240——
2026-05-27LEVINSON ARTHUR DSell50.00K$311.0215.55M
2026-05-27LEVINSON ARTHUR DSell65.00K——
2026-05-08Borders BenSell1.27K$290.00369.46K
2026-05-06LEVINSON ARTHUR DSell149.53K$284.5742.55M
2026-05-06LEVINSON ARTHUR DSell100.47K$285.0428.64M
2026-05-06LEVINSON ARTHUR DSell5.00K——
2026-04-23Parekh KevanSell1.53K$275.00421.85K
2026-04-15Borders BenBuy1.72K——
2026-04-15Borders BenSell892$266.43237.66K
2026-04-15Borders BenSell331——
2026-04-15Borders BenSell371——
2026-04-15Borders BenSell475——
2026-04-15Borders BenSell540——
2026-04-15Parekh KevanBuy10.93K——
2026-04-15Parekh KevanSell5.11K——
2026-04-15Parekh KevanSell4.79K$266.431.28M
2026-04-15Parekh KevanSell5.82K——
2026-04-02O'BRIEN DEIRDRESell20.34K$255.125.19M
2026-04-02O'BRIEN DEIRDRESell9.66K$255.822.47M
2026-04-02COOK TIMOTHY DSell5.09K$251.251.28M
2026-04-02COOK TIMOTHY DSell9.15K$252.112.31M
2026-04-02COOK TIMOTHY DSell1.88K$253.13475.38K
2026-04-02COOK TIMOTHY DSell16.08K$254.374.09M
2026-04-02COOK TIMOTHY DSell28.19K$255.177.19M
2026-04-02COOK TIMOTHY DSell4.57K$256.001.17M
2026-04-01O'BRIEN DEIRDREBuy64.32K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 6.48K, holders +58 vs prior quarter. Ownership 66.49%.

HolderSharesChangeChange %Value
BLACKROCK, INC.1.16B18.30M+1.60%336.52B
VANGUARD CAPITAL MANAGEMENT LLC959.11M5.26M+0.55%277.53B
STATE STREET CORP615.13M12.79M+2.12%177.99B
GEODE CAPITAL MANAGEMENT, LLC371.34M2.72M+0.74%107.17B
VANGUARD PORTFOLIO MANAGEMENT LLC334.12M2.68M+0.81%96.68B
FMR LLC325.35M17.91M+5.82%94.14B
MORGAN STANLEY242.61M-1.86M-0.76%70.20B
BERKSHIRE HATHAWAY INC227.92M00.00%65.95B
JPMORGAN CHASE & CO228.76M-2.86M-1.23%64.45B
NORGES BANK190.73M190.73MNew55.19B
INVESCO LTD.187.97M76.35M+68.41%54.39B
PRICE T ROWE ASSOCIATES INC /MD/159.81M-40.62M-20.26%46.24B
NORTHERN TRUST CORP157.79M-1.48M-0.93%45.66B
BANK OF AMERICA CORP /DE/127.82M7.09M+5.87%36.99B
GOLDMAN SACHS GROUP INC111.74M5.16M+4.84%32.33B
LEGAL & GENERAL GROUP PLC105.21M-2.92M-2.70%30.44B
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC104.00M-1.51M-1.43%30.09B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.101.37M101.37MNew29.33B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC101.37M-970.67K-0.95%29.33B
BANK OF NEW YORK MELLON CORP88.38M-3.73M-4.05%25.57B
VANGUARD FIDUCIARY TRUST CO83.47M-720.51K-0.86%24.15B
NUVEEN, LLC74.87M-3.63M-4.62%21.67B
AMUNDI70.76M-2.32M-3.18%20.47B
FRANKLIN TEMPLETON INC69.20M20.60M+42.38%20.02B
ROYAL BANK OF CANADA65.40M-1.56M-2.33%18.92B

Earnings and financials

Apple Inc. (AAPL) trades at $344.41, with a market cap of $5.03T and a trailing P/E of 39.67. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
215639000000229234000000265595000000260174000000274515000000365817000000394328000000383285000000391035000000416161000000

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Apple (AAPL) Financials: Revenue & Earnings

AAPL$344.41-2.69 -0.77%

$5.03T

Market Cap

39.67

P/E

35.93

Forward P/E

44

Score

Price History