FY2016 – FY2025 · AAPL · CIK 320193
Apple Financials
Revenue, products vs. services, geographic split, gross margins, R&D, headcount, and capital returns — every chart point sourced to a 10-K filing. EDGAR XBRL pulled live.
Services as % of revenue (FY2025)
26%
Services $109.16B of total $416.16B.
Products vs Services GM (FY2025)
37% vs 75%
Products GM $112.89B; Services GM $82.31B.
Greater China share (FY2025)
15.5%
Greater China $64.38B of total $416.16B.
Year-end headcount (FY2025)
~166,000
Approximate full-time-equivalent employees from the 10-K.
R&D as % of revenue (FY2025)
8.3%
R&D $34.55B / revenue $416.16B.
Stock price (AAPL)
Live current price plus a five-year history. Updates during US market hours (9:30 a.m. – 4:00 p.m. Eastern, Monday – Friday) via TradingView's embed widget. Prices are split-adjusted natively by TradingView, so the 7-for-1 split (June 2014) and 4-for-1 split (August 2020) appear seamlessly on the long-run chart.
Most recent Apple SEC filings
The freshness frontier — the latest filing of each material form type, sourced live from EDGAR. The 10-K marked “Anchors this page” is the source of every value below; the others are surfaced for transparency.
7 material filings have been filed since the anchor 10-K above (1 10-Q, 5 8-K, 1 DEF 14A). The financial metrics on this page (revenue, R&D, capital returns, cash) reflect what's been disclosed at fiscal-year-end; quarterly cuts in the 10-Qs filed since are not yet folded into the annual charts. The 10-K marked “Anchors this page” remains the source for the per-FY values shown.
Annual revenue
As reported on the consolidated statement of operations in each year's 10-K. Sourced live from SEC EDGAR XBRL; the underlying tag is RevenueFromContractWithCustomerExcludingAssessedTax (post-ASC-606) with a fallback to Revenues for earlier years.
Show table
| Fiscal year | Revenue | Source |
|---|---|---|
| FY2016 | $215.64B | 10-K filed 2018-11-05 |
| FY2017 | $229.23B | 10-K filed 2019-10-31 |
| FY2018 | $265.60B | 10-K filed 2020-10-30 |
| FY2019 | $260.17B | 10-K filed 2021-10-29 |
| FY2020 | $274.51B | 10-K filed 2022-10-28 |
| FY2021 | $365.82B | 10-K filed 2023-11-03 |
| FY2022 | $394.33B | 10-K filed 2024-11-01 |
| FY2023 | $383.29B | 10-K filed 2025-10-31 |
| FY2024 | $391.04B | 10-K filed 2025-10-31 |
| FY2025 | $416.16B | 10-K filed 2025-10-31 |
Revenue by product line
Annual net sales split across iPhone, Mac, iPad, Wearables / Home / Accessories, and Services. The Services share has been the high-growth, high-gross-margin engine of the business for a decade. The five-line structure was introduced in the FY2019 10-K; FY2017 and FY2018 are shown in that 10-K's comparative columns and are restated to the new structure here. Hand-curated from each year's 10-K MD&A — the EDGAR companyfacts feed exposes only top-level revenue, not the disaggregated product-line table.
Show table
| FY | iPhone | Mac | iPad | W/H/A | Services | Svc % | Source |
|---|---|---|---|---|---|---|---|
| FY2017 | $139.34B | $25.57B | $18.80B | $12.83B | $32.70B | 14% | 10-K filed 2019-10-31 |
| FY2018 | $164.89B | $25.20B | $18.38B | $17.38B | $39.75B | 15% | 10-K filed 2019-10-31 |
| FY2019 | $142.38B | $25.74B | $21.28B | $24.48B | $46.29B | 18% | 10-K filed 2019-10-31 |
| FY2020 | $137.78B | $28.62B | $23.72B | $30.62B | $53.77B | 20% | 10-K filed 2022-10-28 |
| FY2021 | $191.97B | $35.19B | $31.86B | $38.37B | $68.42B | 19% | 10-K filed 2022-10-28 |
| FY2022 | $205.49B | $40.18B | $29.29B | $41.24B | $78.13B | 20% | 10-K filed 2022-10-28 |
| FY2023 | $200.58B | $29.36B | $28.30B | $39.84B | $85.20B | 22% | 10-K filed 2025-10-31 |
| FY2024 | $201.18B | $29.98B | $26.69B | $37.01B | $96.17B | 25% | 10-K filed 2025-10-31 |
| FY2025 | $209.59B | $33.71B | $28.02B | $35.69B | $109.16B | 26% | 10-K filed 2025-10-31 |
Revenue by geography
Annual net sales by reportable segment: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. Greater China — which Apple defines as mainland China, Hong Kong, and Taiwan — is the most closely-watched line on this chart; it peaked in FY2022 and has decelerated since. Hand-curated from each year's 10-K Note 'Segment Information and Geographic Data'.
Show table
| FY | Americas | Europe | Greater China | Japan | RoAP | China % | Source |
|---|---|---|---|---|---|---|---|
| FY2017 | $96.60B | $54.94B | $44.76B | $17.73B | $15.20B | 19.5% | 10-K filed 2019-10-31 |
| FY2018 | $112.09B | $62.42B | $51.94B | $21.73B | $17.41B | 19.6% | 10-K filed 2019-10-31 |
| FY2019 | $116.91B | $60.29B | $43.68B | $21.51B | $17.79B | 16.8% | 10-K filed 2019-10-31 |
| FY2020 | $124.56B | $68.64B | $40.31B | $21.42B | $19.59B | 14.7% | 10-K filed 2022-10-28 |
| FY2021 | $153.31B | $89.31B | $68.37B | $28.48B | $26.36B | 18.7% | 10-K filed 2022-10-28 |
| FY2022 | $169.66B | $95.12B | $74.20B | $25.98B | $29.38B | 18.8% | 10-K filed 2022-10-28 |
| FY2023 | $162.56B | $94.29B | $72.56B | $24.26B | $29.61B | 18.9% | 10-K filed 2025-10-31 |
| FY2024 | $167.04B | $101.33B | $66.95B | $25.05B | $30.66B | 17.1% | 10-K filed 2025-10-31 |
| FY2025 | $178.35B | $111.03B | $64.38B | $28.70B | $33.70B | 15.5% | 10-K filed 2025-10-31 |
Gross margin: Products vs. Services
The single most consequential cut in Apple's financials — Services gross margin runs roughly twice the Products gross margin, and the gap has widened as Services has scaled. Hand-curated from each year's 10-K MD&A 'Gross Margin' table; Apple began breaking out Products-vs-Services gross margin in the FY2019 10-K.
Show table
| FY | Products GM% | Services GM% | Products GM $ | Services GM $ | Source |
|---|---|---|---|---|---|
| FY2017 | 35.7% | 55.0% | $70.20B | $17.99B | 10-K filed 2019-10-31 |
| FY2018 | 34.4% | 60.8% | $77.68B | $24.16B | 10-K filed 2019-10-31 |
| FY2019 | 32.2% | 63.7% | $68.89B | $29.50B | 10-K filed 2019-10-31 |
| FY2020 | 31.5% | 66.0% | $69.46B | $35.49B | 10-K filed 2022-10-28 |
| FY2021 | 35.3% | 69.7% | $105.13B | $47.71B | 10-K filed 2022-10-28 |
| FY2022 | 36.3% | 71.7% | $114.73B | $56.05B | 10-K filed 2022-10-28 |
| FY2023 | 36.5% | 70.8% | $108.80B | $60.34B | 10-K filed 2025-10-31 |
| FY2024 | 37.2% | 73.9% | $109.63B | $71.05B | 10-K filed 2025-10-31 |
| FY2025 | 36.8% | 75.4% | $112.89B | $82.31B | 10-K filed 2025-10-31 |
Capital returns: buybacks & dividends
The defining capital-return story of the modern Apple era. Cumulative buybacks plus dividends across the years shown below total $991.25B. The buyback program (re-authorized annually by the board) is the primary vehicle, with dividends a steady but smaller second channel. Sourced live from SEC EDGAR XBRL: PaymentsForRepurchaseOfCommonStock and PaymentsOfDividends.
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| FY | Buybacks | Dividends | Total | Cumulative |
|---|---|---|---|---|
| FY2011 | $0 | $0 | $0 | $0 |
| FY2012 | $0 | $0 | $0 | $0 |
| FY2013 | $22.86B | $10.53B | $33.39B | $33.39B |
| FY2014 | $45.00B | $11.03B | $56.03B | $89.42B |
| FY2015 | $35.25B | $11.56B | $46.81B | $136.23B |
| FY2016 | $29.72B | $12.15B | $41.87B | $178.10B |
| FY2017 | $32.90B | $12.77B | $45.67B | $223.77B |
| FY2018 | $72.74B | $13.71B | $86.45B | $310.22B |
| FY2019 | $66.90B | $14.12B | $81.02B | $391.24B |
| FY2020 | $72.36B | $14.08B | $86.44B | $477.68B |
| FY2021 | $85.97B | $14.47B | $100.44B | $578.12B |
| FY2022 | $89.40B | $14.84B | $104.24B | $682.36B |
| FY2023 | $77.55B | $15.03B | $92.58B | $774.93B |
| FY2024 | $94.95B | $15.23B | $110.18B | $885.12B |
| FY2025 | $90.71B | $15.42B | $106.13B | $991.25B |
R&D spending
Annual research-and-development expense. Bar height is absolute dollars; the percentage in each label is R&D as a share of revenue that fiscal year. Apple's R&D % of revenue runs conspicuously low compared to big-tech peers but has ramped through the Apple Silicon transition (FY2020+), Vision Pro (FY2024), and Apple Intelligence (FY2024). Sourced live from SEC EDGAR XBRL (ResearchAndDevelopmentExpense).
Show table
| FY | R&D | Revenue | % of revenue |
|---|---|---|---|
| FY2007 | $782M | — | — |
| FY2008 | $1.11B | — | — |
| FY2009 | $1.33B | — | — |
| FY2010 | $1.78B | — | — |
| FY2011 | $2.43B | — | — |
| FY2012 | $3.38B | — | — |
| FY2013 | $4.47B | — | — |
| FY2014 | $6.04B | — | — |
| FY2015 | $8.07B | — | — |
| FY2016 | $10.04B | $215.64B | 4.7% |
| FY2017 | $11.58B | $229.23B | 5.1% |
| FY2018 | $14.24B | $265.60B | 5.4% |
| FY2019 | $16.22B | $260.17B | 6.2% |
| FY2020 | $18.75B | $274.51B | 6.8% |
| FY2021 | $21.91B | $365.82B | 6.0% |
| FY2022 | $26.25B | $394.33B | 6.7% |
| FY2023 | $29.91B | $383.29B | 7.8% |
| FY2024 | $31.37B | $391.04B | 8.0% |
| FY2025 | $34.55B | $416.16B | 8.3% |
Year-end headcount
Approximate full-time-equivalent employees as of fiscal year-end, disclosed in each year's 10-K 'Human Capital' section. Apple discloses headcount once a year and rounds to the nearest 1,000 in its narrative. EDGAR XBRL does not structure this field; values are parsed from the 10-K text.
Show table
| FY end | Employees (approx.) | Source |
|---|---|---|
| FY2019 | 137,000 | 10-K filed 2019-10-31 |
| FY2022 | 164,000 | 10-K filed 2022-10-28 |
| FY2025 | 166,000 | 10-K filed 2025-10-31 |
Other metrics
Operating income, net income, stock-based compensation, operating cash flow, and year-end cash & equivalents — the standard 10-K-derived secondary metrics. Last ten fiscal years shown. All values pulled live from SEC EDGAR XBRL.
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income | $60.02B | $61.34B | $70.90B | $63.93B | $66.29B | $108.95B | $119.44B | $114.30B | $123.22B | $133.05B |
| Net Income | $45.69B | $48.35B | $59.53B | $55.26B | $57.41B | $94.68B | $99.80B | $97.00B | $93.74B | $112.01B |
| Stock-Based Compensation | $4.21B | $4.84B | $5.34B | $6.07B | $6.83B | $7.91B | $9.04B | $10.83B | $11.69B | $12.86B |
| Operating Cash Flow | $66.23B | $64.22B | $77.43B | $69.39B | $80.67B | $104.04B | $122.15B | $110.54B | $118.25B | $111.48B |
| Cash & Equivalents | $20.48B | $20.29B | $25.91B | $48.84B | $38.02B | $34.94B | $23.65B | $29.96B | $29.94B | $35.93B |
Key events on the revenue timeline
Product launches, leadership transitions, capital actions, and disclosure changes that shape the revenue arc above.
- 1980-12-12milestoneApple IPO on Nasdaq
- 1997-09-16leadershipSteve Jobs returns as interim CEO
- 2001-10-23productiPod launched
- 2003-04-28productiTunes Store launched
- 2007-06-29productiPhone launched
- 2010-04-03productiPad launched
- 2011-08-24leadershipTim Cook becomes CEO
- 2014-06-09capital7-for-1 stock split
- 2015-04-24productApple Watch launched
- 2016-12-13productAirPods launched
- 2018-11-01disclosureLast quarter of iPhone unit disclosure (Q4 FY2018)
- 2020-08-31capital4-for-1 stock split
- 2020-11-10productApple Silicon transition begins (M1)
- 2024-02-02productVision Pro launched
- 2024-06-10productApple Intelligence announced (WWDC24)
Methodology & data sources
Live data. Annual revenue, gross profit, R&D, operating income, net income, stock-based compensation, operating cash flow, share-buyback cash, dividends paid, and year-end cash & equivalents are sourced live from Apple's SEC EDGAR XBRL company-facts endpoint. If EDGAR is unreachable when the page is being prepared, the page is not updated, so visitors never see stale fallback numbers.
Hand-curated, source-tagged. Apple's segment-disaggregated revenue (per-product-line and per-geography), the Products-vs-Services gross-margin split, and year-end headcount are not exposed in the EDGAR companyfacts JSON — the companyfacts feed surfaces only top-level us-gaap tags, while the disaggregated revenue tables are filed with axis/dimension qualifiers that don't surface there. Each value is hand-curated from the underlying 10-K filing and tagged with the filing's accession number. When a newer 10-K is filed than the one a value was last verified against, a "Verification due" banner appears next to the affected section.
Refresh cadence. Hand-curated product-line, geographic, gross-margin, and headcount values are re-verified quarterly, aligned with Apple's fiscal-year cadence (FY ends in late September; FY10-K typically lands in late October), and re-extracted from the latest 10-K with their source-accession tags updated.
Stock-split note. Apple has split twice in the modern era — 7-for-1 effective June 9, 2014 and 4-for-1 effective August 31, 2020. As-reported dollar values from each year's 10-K (revenue, R&D, gross margin, etc.) are unaffected by splits. Per-share metrics (EPS, dividends per share) require split-adjustment for cross-period comparability; the TradingView widget at the top of this page is split-adjusted natively.
What's intentionally not here. Live market cap (live share-price × stale share counts produces a number that is routinely wrong; visitors can read market cap from any public quote source). Forward guidance, analyst estimates, and price targets (out of scope — the page is reported actuals). Per-product unit estimates after Apple stopped disclosing units (FY2019). Active-device install base (Apple discloses irregularly and not in line-item form).
Cross-references. Tech Filings for every Apple SEC filing in chronological order. Apple's row on the Orgs index for the company profile. iOS Versions, Mac Versions, Swift Versions, and Xcode Versions for the product-line release history that overlays the revenue story.
Last updated: 2026-04-30 13:22 UTC. Latest 10-K on EDGAR: 0000320193-25-000079 filed 2025-10-31. Hand-curated source-tag anchor: 0000320193-25-000079.