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Apple Inc (AAPL.US) - analysis, score and valuation

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Full analysis of Apple Inc stock

Apple Inc (AAPL) stock analysis

$347.73 +57.61% over 12 months Updated daily · last update: July 15, 2026

Apple Inc (AAPL) is a company in the Consumer Electronics industry, listed on NASDAQ, with a market capitalisation of 5.11 trillion USD. The stock trades at 347.73 USD, close to its 52-week high.

Against trailing twelve-month earnings, the price asks 39.2 times profit, versus 19.4 times for the industry median. Return on equity stands at 187.6%, against an industry median of 8.7%. Revenue has grown 8.7% a year over the past five years.

Over the past twelve months the stock returned +57.6%, against +24.8% for SPY over the same period. The analysis below covers valuation, profitability, growth, the balance sheet and price behaviour, with data updated daily.

Apple Inc (AAPL) stock: key data

Price, earnings and risk at a glance. Tap any figure to see what it means.

Apple share price today

The stock is close to its one-year high and above its 50- and 200-day averages.

  • Open$349.11The price at which Apple Inc shares first traded in the latest session.
  • Close$347.73↑ 3.3%The price of the last Apple Inc trade in the session that closed.
  • Day range$345.75 - $351.73The lowest and highest price Apple Inc shares reached in that session.
  • Volume39.45M↓ 1.7%How many Apple Inc shares changed hands in the latest session.
  • 52-week range$200.70 - $328.72The lowest and highest price of Apple Inc shares over the past year.
  • Position in the 52-week range100%Where the current price of Apple Inc shares sits between the low and the high of the past year. 100% means right at the high.
  • 50-day average$300.50The average price of Apple Inc shares over the last 50 sessions. Shows the short-term trend.
  • 200-day average$273.09The average price of Apple Inc shares over the last 200 sessions. Shows the long-term trend.
  • Market cap$5.11TThe market value of all Apple Inc shares combined.

Apple earnings and valuation

Earnings per share rose 21.8% versus the same quarter last year. At today's price, you pay 39 times annual earnings.

  • Earnings per share$8.19↑ 21.8%How much net profit belongs to a single Apple Inc share over the last twelve months.
  • Estimated earnings, current year$8.76↑ 7.0%The earnings per share analysts expect from Apple Inc for the current financial year.
  • Estimated earnings, next year$9.69↑ 10.5%The earnings per share expected from Apple Inc for the following financial year.
  • Revenue per share$30.53How much of the annual sales of Apple Inc belongs to a single share.
  • Book value per share$7.26How much Apple Inc equity belongs to one share, once debt is subtracted from assets.
  • Revenue, last 12 months$451.44B↑ 6.4%Total Apple Inc sales across the last four reported quarters.
  • Price / earnings39.36xHow many years of current profit a Apple Inc share costs at today price.
  • Forward price / earnings33.11xThe same ratio, but against the profit Apple Inc is expected to make next year.
  • PEG2.54xThe price/earnings ratio of Apple Inc divided by its growth rate. Below 1 is considered cheap relative to how fast it grows.
  • Enterprise value / EBITDA29.01xThe price of the whole Apple Inc business, debt included, against operating profit before depreciation.

Apple risk and dividends

The stock moves roughly in line with the market, and few investors are betting on a fall.

  • Net margin27.62%↑ 2.1 ppHow much net profit Apple Inc keeps out of every unit of sales.
  • Return on equity197.32%How much net profit Apple Inc produces from shareholder money.
  • Dividend yield0.34%How much Apple Inc pays out in dividends each year, relative to the share price.
  • Dividend per share$1.08↑ 2.9%The estimated annual amount received for each Apple Inc share held.
  • Payout ratio12.70%What share of Apple Inc profit goes back to shareholders as dividends. The rest stays in the company.
  • Beta1.13How strongly Apple Inc shares move against the market. 1 means the same, above 1 means wider swings.
  • Debt / equity1.52How much debt Apple Inc carries for every unit of equity.
  • Short interest as % of float0.96%What share of freely tradable Apple Inc stock is sold short, as a bet on a decline.
  • Days to cover short positions2.11How many normal trading days it would take to close every short position on Apple Inc.

Some values update after the trading session opens, others are recalculated after it closes.

Is Apple stock worth buying? The analysis in brief

The nine things an investor checks before buying, each with its own sign.

9 signs for Apple

  • Business quality
  • Price risk
  • What large investors do

and 6 more signs

See them free with an account

Plus 3 full analyses a month, with the verdict and fair value.

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Indicators for Apple Inc (AAPL) stock

How good the business is, how expensive the price is, and what the chart is doing for AAPL stock.

Scores for Apple

  • Fundamentals
  • Valuation
  • Technicals

Each score brings several indicators together into one rating, easy to compare across companies.

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Each score’s rating, the indicators behind it and the full calculation.

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Apple Inc (AAPL) stock: arguments for and against

What supports and what weakens the investment case for AAPL stock

18 for and 5 against

The count is not the verdict. Some arguments carry more weight than others, and the verdict weighs them all.

For18

  • For shareholders, the business earns 197.3% a year, above the sector.

    Every unit of capital put in by shareholders brings 197.3% a year, more than at rivals, who make 10.9%.

  • Passes 8 of the nine financial health checks.

    The Piotroski score counts nine simple things: whether the firm is profitable, whether it generates cash, whether debt is falling, whether margins are improving. Here 8 pass.

  • Out of every 100 units Apple Inc (AAPL) sells, 27.6% is left as profit.

    27.6% of sales is left as net profit. Technology tends to run higher margins than other sectors, because a product built once can be sold many times, so what matters is how well they hold over time. Companies in the Technology sector retain 7.2%.

See all 18 arguments Free with an account

Against5

  • The dividend yields 0.3% a year, below the sector.

    The dividend yields 0.3% a year on the share price, so anyone looking for dividend income will find more elsewhere. Companies in the Technology sector pay 1.3%.

  • Apple Inc (AAPL) revenue is growing more slowly than the sector: 8.7% a year.

    Sales grew 8.7% a year over the past five years. In technology slow growth weighs more heavily than elsewhere, because valuations assume expansion. Companies in the Technology sector grew 11.4% a year.

  • At today's price, Apple Inc shares cost the equivalent of 39.4 years of earnings.

    If profit stays where it is, the investment would only pay for itself in 39.4 years. Companies in the Technology sector need 27.5 years, and the gap would close only if profit grows sharply.

See all 5 arguments Free with an account

Our verdict on Apple Inc stock

The Apple Inc score from 0 to 100, built from over 400 financial indicators. Not investment advice.

Today's verdict for Apple

Which of the five tiers Apple sits on, with its score and the reasoning behind it.

  • The score from 0 to 100 and its tier
  • The reasoning: what pushes the score up and what pulls it down
  • Fair value and projections, in the same analysis
Create an account and see the verdict

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How often we were right

63%of “Very attractive” verdicts proved right over 2 years: the stock beat the typical company.

Picking at random, you would be right 50% of the time, because half of all stocks beat the typical company. “Very attractive” stocks returned a median +47.7% over 2 years, against +27.6% for the typical company.

  • Very attractivemedian return +47.7%63%
  • Attractivemedian return +37.7%55%
  • Neutralmedian return +27.6%predicts no direction
  • Unattractivemedian return +21.3%55%
  • Very unattractivemedian return +14.3%58%

Measured on 21,538 assessments that called a direction, not on a few hand-picked examples: 57% were right. The more cases there are, the harder it is to stay above 50%, because luck cancels out. For the negative tiers, a verdict is right when the stock stays below the typical company.

We publish and keep the full history of the verdicts we have given for every company. For transparency and honesty.

Analysis produced automatically by einvestitii.ro, on data as of October 3, 2026. It is not investment advice. Who produces it, what it rests on and what conflicts of interest exist: see the full disclosure.

What it is really worth

Value & Valuation

The market price is what buyers are asking today. Here we work out what the share should cost based on the company’s own figures: using the valuation models professional investors rely on, the growth the current price assumes, and the target set by the analysts who follow the company.

Analyst rating and price target for Apple

What the 48 analysts covering Apple think and where they see the price in 12 months. These are their estimates, not ours.

Good sign

What do analysts recommend for Apple stock?

Buy

Of the 48 analysts, 30 rate it a buy, 16 a hold and 2 a sell. The average is 4.04 out of 5.

  • Strong buy2348%
  • Buy715%
  • Hold1633%
  • Sell12%
  • Strong sell12%

How analysts compare with our score Unlock for free

Warning sign

What is the price target for Apple stock?

$316.76, 8.9% below today's price.

The stock is 73% above its one-year low and close to its high.

1-year low
$200.70
Price target
$316.76
Today's price
$347.73
1-year high
$328.72

Good sign

How are analysts revising their estimates for Apple?

8 raised · 1 lowered

Revisions over the past 30 days.

Good sign

How much do analysts expect Apple's earnings to grow?

+10.55%

The average earnings growth analysts expect.

Good sign

How many analysts cover Apple stock?

48

The more analysts cover a company, the sturdier their average estimate.

All analyst data 8
Average rating4.04 out of 5
Price target$316.76
Price today$347.73
Rise from the low of the past year+73.25%
Fall from the high of the past year+5.78%
Revisions, last 30 days8 / 1
Expected earnings growth+10.55%
Analysts covering48

Analyst estimates, third-party source. These are not our verdict.

Transparency · MAR

Apple Inc (AAPL) stock fair value

What Apple Inc shares should cost, judged by the cash the business generates, by its growth and margins, and by what the market pays for similar companies.

What is one Apple share really worth?

Fair value
Today's price
$347.73

What one Apple share should cost based on the company’s numbers, and how far today’s price is from that value.

See the answer with a free account

  • How far today’s price is above or below fair value
  • How much you can rely on the estimate and how far the models disagree
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These are estimates, not price targets. Tested on large US companies from 2018 to 2025, fair value did not anticipate 12-month returns: it is a price reference, not a buy signal.

Transparency · MAR

Apple stock price projections

These are not forecasts. The range shows where the price ended up in 8 cases out of 10 for stocks with the same volatility. It carries no view on the company.

Projections for Apple

  • 6 months
  • 12 months
  • 3 years
  • 5 years

For each horizon, the range the price reached for stocks with the same volatility as Apple.

  • The exact prices: low end, midpoint and high end
  • Where today’s price sits in the range and how far each end is
Create an account and see the projections

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How often the ranges were right

79%of cases, over 6 months, the actual price landed inside the range.

Measured on 29,357 cases, large US stocks, from January 2023 to December 2025: the range calculated at the time, compared with the final price.

Model target: 80%

  • 6 months79%
  • 12 months79%
  • 3 years87%
  • 5 years85%

These are the model’s rates, checked against real past prices, not picked for Apple.

Calculated on June 11, 2026.

The ranges are computed automatically by our own statistical model from historical prices.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

Transparency · MAR

How the business is actually doing

The Business & Its Results

Fundamental analysis of Apple Inc. (AAPL) stock: profitability, growth rate and capital efficiency, measured on reported figures. The fundamental score is 57.8 out of 100, held up by quality and pulled down by value.

Apple profitability, growth and earnings quality

Four questions about the Apple business, each scored from 0 to 100 against companies in the Technology sector.

Good sign

How profitable is Apple?

95 out of 100

Apple earns 65.1% a year on the capital invested in the business.

The Technology sector median is 9.1%. Apple does better than 98% of companies in its sector.

  • Return on invested capital (ROIC)Profit generated from all capital employed, equity and debt alike. Above the cost of capital (WACC) means value is created. Above 15% is very good.
  • Return on equity (ROE)How much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
  • Net profit marginThe margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.
  • Return on assets (ROA)How much profit the company draws from the assets it owns. Above ~5% is solid, though it varies widely by industry.
  • Free cash flow marginHow much of sales is left as free cash after investment. Above ~15% is very healthy.
  • Gross profitabilityGross profit against assets, the quality measure proposed by Novy-Marx. High readings point to a durable competitive advantage.
  • Cash operating profitabilityProfitability measured on cash actually collected, not on accounting profit. High readings mean reported profit is backed by real money.
  • ROIC above the cost of capitalThe gap between the return on capital and what that capital costs. Positive means invested capital adds value. Negative means it destroys value.

Worth watching

How fast is Apple growing?

60 out of 100

Over the past five years, earnings per share rose by an average of 17.9% a year, and revenue rose by 8.7% a year.

Earnings per share grow faster than net income, at 14.3% a year, because Apple buys back its own shares. On revenue, Apple is below the sector median of 11.4%.

  • Earnings per share growthAverage yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
  • Revenue growthAverage yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
  • Net income growthAverage yearly growth in net income. Steady and positive points to a predictable business model.
  • Free cash flow growthAverage yearly growth in free cash flow. Keeping pace with profit means growth is backed by real money.
  • Rule of 40Revenue growth added to the profitability margin. Above 40 means a good balance between growth and profitability.

Worth watching

Are Apple's earnings backed by real cash?

47 out of 100

The classic tests find no sign of inflated earnings, but Apple ranks below the sector average on several metrics.

The Piotroski score is 8 out of 9. The Beneish score, -2.37, is below the -1.78 threshold at which earnings manipulation is suspected.

  • Piotroski F-scoreNine financial health checks; each one passed adds a point. 7 or more means improving fundamentals.
  • Beneish M-scoreModel that detects patterns of aggressive accounting. Below −1.78 means no signals of aggressive reporting. A statistical test, not an accusation.
  • Montier C-scoreSix warning signals about the quality of accounting. 0-1 is clean; 4 or above calls for caution.
  • Accruals ratio (Sloan)How much of reported profit is accounting only, rather than cash collected. Low or negative means profit is backed by real money.
  • Dilution from stock-based payHow much of shareholders' stake is diluted by shares granted to employees. Below 2% a year is bearable dilution.

Good sign

How efficiently does Apple use its capital?

81 out of 100

Apple collects cash from customers 43 days before it pays its suppliers.

A negative cycle means suppliers effectively finance the inventory. Apple does better than 93% of companies in its sector.

  • Cash conversion cycleHow many days pass between paying suppliers and collecting from customers. Low or negative means the company funds operations with its partners' money.
  • Cash conversion cycle, 5-year averageThe five-year average of the conversion cycle, it shows consistency, not just this year. Stable and low means durable operational discipline.
  • Cash conversion of earningsHow much of accounting profit actually turns into cash. Above 100% means profit is more than covered by real money.
  • ROIC above the cost of capital, 5 yearsThe same gap between the return on capital and its cost, but computed on the five-year average return rather than the current year. Positive and stable means growth worth financing.

The scores compare Apple with companies in the same sector; they are not absolute grades. A low score means the sector does better, not necessarily that the numbers are poor.

Apple financial statements: revenue, profit, balance sheet and cash

The income statement, balance sheet and cash flows of Apple Inc.. Totals and main components are shown by default; the rest open from “all rows”.

Apple financial results: what the numbers say

The fiscal year ended September 30, 2025, explained in plain language.

Solid results

Strengths: profit margins are high and debt is low. Worth watching: free cash flow has dropped.

  • RevenueStrong
    $416.16 bn+6.4% vs 2024

    Revenue grew 6.4% from 2024. Over 4 years, it is up 14% in total. It is the best year of the last 5 reported.

  • Net incomeVery strong
    $112.01 bn+19.5% vs 2024

    26.9% of revenue was left as net profit, compared with 24.0% in 2024. Net income rose 19.5%.

  • Free cash flowWatch
    $98.77 bn−9.2% vs 2024

    After investment, $98.77 bn was left as free cash, or 88% of net income. That is 9.2% less than the year before.

  • DebtVery strong
    $99.35 bn0.70x EBITDA

    Financial debt of $99.35 bn equals 0.70 times annual operating profit (EBITDA). Over 4 years, debt is down 20%.

  • Returned to shareholdersVery strong
    $106.13 bn107% of free cash flow

    The company returned $106.13 bn to shareholders: $90.71 bn in share buybacks and $15.42 bn in dividends. The share count is down 11% over 4 years, so each share now owns a larger slice of the profits.

Latest quarterBeat estimates

In the quarter ended March 31, 2026, revenue came in at $111.18 bn and net income at $29.58 bn. Earnings per share of $2.01 beat the analyst estimate ($1.94) by 3.6%. That makes 8 beats in a row.

Compared with its sector

How the company's margins and returns compare with the rest of its sector.

Sector comparison Free with an account

Figures come from the company's annual and quarterly reports, and the explanations are generated automatically from the same figures. For education only, not investment advice.

revenue$416.16 bn+6.4%201620252016$215.64 bn2017$229.23 bn2018$265.60 bn2019$260.17 bn2020$274.52 bn2021$365.82 bn2022$394.33 bn2023$383.29 bn2024$391.04 bn2025$416.16 bn
operating income$133.05 bn+8.0%201620252016$60.02 bn2017$61.34 bn2018$70.90 bn2019$63.93 bn2020$66.29 bn2021$108.95 bn2022$119.44 bn2023$114.30 bn2024$123.22 bn2025$133.05 bn
net income$112.01 bn+19.5%201620252016$45.69 bn2017$48.35 bn2018$59.53 bn2019$55.26 bn2020$57.41 bn2021$94.68 bn2022$99.80 bn2023$97.00 bn2024$93.74 bn2025$112.01 bn
Income statement, annual, 6 periods
 2025Δ 202420242023202220212020
$416.16 bn100%+6.4%$391.04 bn100%$383.29 bn100%$394.33 bn100%$365.82 bn100%$274.52 bn100%

Everything the company collected from sales, before any expense. At Apple Inc., in 2025: $416.16 bn · Δ +6.4% (2024).

$220.96 bn53.1%+5.0%$210.35 bn53.8%$214.14 bn55.9%$223.55 bn56.7%$212.98 bn58.2%$169.56 bn61.8%

What it cost to produce what was sold: materials, labour, the factory. At Apple Inc., in 2025: $220.96 bn · Δ +5.0% (2024).

$195.20 bn46.9%+8.0%$180.68 bn46.2%$169.15 bn44.1%$170.78 bn43.3%$152.84 bn41.8%$104.96 bn38.2%

What is left from sales after the direct cost of the product, before admin salaries and research. At Apple Inc., in 2025: $195.20 bn · Δ +8.0% (2024).

gross margin46.9%46.9%46.2%46.2%44.1%44.1%43.3%43.3%41.8%41.8%38.2%38.2%
$34.55 bn8.3%+10.1%$31.37 bn8.0%$29.92 bn7.8%$26.25 bn6.7%$21.91 bn6.0%$18.75 bn6.8%

Money put into tomorrow’s products: research, engineering, software. At Apple Inc., in 2025: $34.55 bn · Δ +10.1% (2024).

$27.60 bn6.6%+5.8%$26.10 bn6.7%$24.93 bn6.5%$25.09 bn6.4%$21.97 bn6.0%$19.92 bn7.3%

Sales and admin salaries, marketing, rent, everything that keeps the company running. At Apple Inc., in 2025: $27.60 bn · Δ +5.8% (2024).

of which: selling and marketing$19.52 bn4.7%----------
$283.11 bn68.0%+5.7%$267.82 bn68.5%$268.98 bn70.2%$275.12 bn69.8%$256.87 bn70.2%$208.23 bn75.9%

The sum of all costs: cost of product plus operating expenses. At Apple Inc., in 2025: $283.11 bn · Δ +5.7% (2024).

$62.15 bn14.9%+8.2%$57.47 bn14.7%$54.85 bn14.3%$51.57 bn13.1%$43.89 bn12.0%$38.67 bn14.1%

The sum of expenses that do not go directly into the product. At Apple Inc., in 2025: $62.15 bn · Δ +8.2% (2024).

$133.05 bn32.0%+8.0%$123.22 bn31.5%$114.30 bn29.8%$119.44 bn30.3%$108.95 bn29.8%$66.29 bn24.1%

Profit from the core business, before interest and tax. At Apple Inc., in 2025: $133.05 bn · Δ +8.0% (2024).

operating margin32.0%32.0%31.5%31.5%29.8%29.8%30.3%30.3%29.8%29.8%24.1%24.1%
$144.43 bn34.7%+7.3%$134.66 bn34.4%$125.82 bn32.8%$130.54 bn33.1%$123.14 bn33.7%$81.02 bn29.5%

Profit before interest, tax and depreciation. Close to the cash the business produces. At Apple Inc., in 2025: $144.43 bn · Δ +7.3% (2024).

$132.73 bn31.9%+7.7%$123.22 bn31.5%$114.30 bn29.8%$119.44 bn30.3%$111.85 bn30.6%$69.96 bn25.5%

Profit before interest and tax. At Apple Inc., in 2025: $132.73 bn · Δ +7.7% (2024).

Depreciation and amortisation$11.70 bn2.8%+2.2%$11.45 bn2.9%$11.52 bn3.0%$11.10 bn2.8%$11.28 bn3.1%$11.06 bn4.0%
Reconciled depreciation$11.70 bn2.8%+2.2%$11.45 bn2.9%$11.52 bn3.0%$11.10 bn2.8%$11.28 bn3.1%$11.06 bn4.0%
Interest income--$00.0%$3.75 bn1.0%$2.83 bn0.7%$2.84 bn0.8%$3.76 bn1.4%
Interest expense--$00.0%$3.93 bn1.0%$2.93 bn0.7%$2.65 bn0.7%$2.87 bn1.0%
Net interest income--$00.0%−$183.0 m0.0%−$106.0 m0.0%$198.0 m0.1%$890.0 m0.3%
----−$382.0 m-0.1%$334.0 m0.1%$258.0 m0.1%$803.0 m0.3%

Gains and losses that do not come from the core business.

−$321.0 m-0.1%−219%$269.0 m0.1%−$565.0 m-0.1%−$334.0 m-0.1%$258.0 m0.1%$803.0 m0.3%

The balance of all non-operating income and expense. At Apple Inc., in 2025: −$321.0 m · Δ −219% (2024).

$486.0 m0.1%----------

Gains or losses that do not repeat and do not belong to normal operations. At Apple Inc., in 2025: $486.0 m.

$132.73 bn31.9%+7.5%$123.49 bn31.6%$113.74 bn29.7%$119.10 bn30.2%$109.21 bn29.9%$67.09 bn24.4%

Profit left after interest, but before the state takes its share. At Apple Inc., in 2025: $132.73 bn · Δ +7.5% (2024).

$20.72 bn5.0%−30.4%$29.75 bn7.6%$16.74 bn4.4%$19.30 bn4.9%$14.53 bn4.0%$9.68 bn3.5%

Income tax owed for the period. At Apple Inc., in 2025: $20.72 bn · Δ −30.4% (2024).

Tax provision$20.72 bn5.0%−30.4%$29.75 bn7.6%$16.74 bn4.4%$19.30 bn4.9%$14.53 bn4.0%$9.68 bn3.5%
$112.01 bn26.9%+19.5%$93.74 bn24.0%$97.00 bn25.3%$99.80 bn25.3%$94.68 bn25.9%$57.41 bn20.9%

Profit from the businesses the company will still have next year. At Apple Inc., in 2025: $112.01 bn · Δ +19.5% (2024).

$112.01 bn26.9%+19.5%$93.74 bn24.0%$97.00 bn25.3%$99.80 bn25.3%$94.68 bn25.9%$57.41 bn20.9%

The profit left for shareholders after absolutely every expense. At Apple Inc., in 2025: $112.01 bn · Δ +19.5% (2024).

net margin26.9%26.9%24.0%24.0%25.3%25.3%25.3%25.3%25.9%25.9%20.9%20.9%
$112.01 bn26.9%+19.5%$93.74 bn24.0%$97.00 bn25.3%$99.80 bn25.3%$94.68 bn25.9%$57.41 bn20.9%

The share of profit that belongs to ordinary shares. At Apple Inc., in 2025: $112.01 bn · Δ +19.5% (2024).

revenue$111.18 bn+16.6%Q2 24Q1 26Q2 24$85.78 bnQ3 24$94.93 bnQ4 24$124.30 bnQ1 25$95.36 bnQ2 25$94.04 bnQ3 25$102.47 bnQ4 25$143.76 bnQ1 26$111.18 bn
operating income$35.89 bn+21.3%Q2 24Q1 26Q2 24$25.35 bnQ3 24$29.59 bnQ4 24$42.83 bnQ1 25$29.59 bnQ2 25$28.20 bnQ3 25$32.43 bnQ4 25$50.85 bnQ1 26$35.89 bn
net income$29.58 bn+19.4%Q2 24Q1 26Q2 24$21.45 bnQ3 24$14.74 bnQ4 24$36.33 bnQ1 25$24.78 bnQ2 25$23.43 bnQ3 25$27.47 bnQ4 25$42.10 bnQ1 26$29.58 bn
Income statement, quarterly, 6 periods
 Q1 26Δ Q1 25Q4 25Q3 25Q2 25Q1 25Q4 24
$111.18 bn100%+16.6%$143.76 bn100%$102.47 bn100%$94.04 bn100%$95.36 bn100%$124.30 bn100%

Everything the company collected from sales, before any expense. At Apple Inc., in Q1 26: $111.18 bn · Δ +16.6% (Q1 25).

$56.40 bn50.7%+11.7%$74.53 bn51.8%$54.13 bn52.8%$50.32 bn53.5%$50.49 bn52.9%$66.03 bn53.1%

What it cost to produce what was sold: materials, labour, the factory. At Apple Inc., in Q1 26: $56.40 bn · Δ +11.7% (Q1 25).

$54.78 bn49.3%+22.1%$69.23 bn48.2%$48.34 bn47.2%$43.72 bn46.5%$44.87 bn47.1%$58.28 bn46.9%

What is left from sales after the direct cost of the product, before admin salaries and research. At Apple Inc., in Q1 26: $54.78 bn · Δ +22.1% (Q1 25).

gross margin49.3%49.3%48.2%48.2%47.2%47.2%46.5%46.5%47.1%47.1%46.9%46.9%
$11.42 bn10.3%+33.6%$10.89 bn7.6%$8.87 bn8.7%$8.87 bn9.4%$8.55 bn9.0%$8.27 bn6.7%

Money put into tomorrow’s products: research, engineering, software. At Apple Inc., in Q1 26: $11.42 bn · Δ +33.6% (Q1 25).

$7.48 bn6.7%+11.1%$2.10 bn1.5%$7.05 bn6.9%$6.65 bn7.1%$6.73 bn7.1%$2.07 bn1.7%

Sales and admin salaries, marketing, rent, everything that keeps the company running. At Apple Inc., in Q1 26: $7.48 bn · Δ +11.1% (Q1 25).

of which: selling and marketing--$5.40 bn3.8%------$5.10 bn4.1%
$75.30 bn67.7%+14.5%$92.90 bn64.6%$70.04 bn68.4%$65.83 bn70.0%$65.77 bn69.0%$81.47 bn65.5%

The sum of all costs: cost of product plus operating expenses. At Apple Inc., in Q1 26: $75.30 bn · Δ +14.5% (Q1 25).

$18.90 bn17.0%+23.7%$18.38 bn12.8%$15.91 bn15.5%$15.52 bn16.5%$15.28 bn16.0%$15.44 bn12.4%

The sum of expenses that do not go directly into the product. At Apple Inc., in Q1 26: $18.90 bn · Δ +23.7% (Q1 25).

$35.89 bn32.3%+21.3%$50.85 bn35.4%$32.43 bn31.6%$28.20 bn30.0%$29.59 bn31.0%$42.83 bn34.5%

Profit from the core business, before interest and tax. At Apple Inc., in Q1 26: $35.89 bn · Δ +21.3% (Q1 25).

operating margin32.3%32.3%35.4%35.4%31.6%31.6%30.0%30.0%31.0%31.0%34.5%34.5%
$39.32 bn35.4%+23.0%$54.22 bn37.7%$35.55 bn34.7%$30.86 bn32.8%$31.97 bn33.5%$45.66 bn36.7%

Profit before interest, tax and depreciation. Close to the cash the business produces. At Apple Inc., in Q1 26: $39.32 bn · Δ +23.0% (Q1 25).

$35.89 bn32.3%+22.4%$51.00 bn35.5%$32.43 bn31.6%$28.03 bn29.8%$29.31 bn30.7%$42.58 bn34.3%

Profit before interest and tax. At Apple Inc., in Q1 26: $35.89 bn · Δ +22.4% (Q1 25).

Depreciation and amortisation$3.44 bn3.1%+29.2%$3.21 bn2.2%$3.13 bn3.1%$2.83 bn3.0%$2.66 bn2.8%$3.08 bn2.5%
Reconciled depreciation$3.44 bn3.1%+29.2%$3.21 bn2.2%$3.13 bn3.1%$2.83 bn3.0%$2.66 bn2.8%$3.08 bn2.5%
Interest expense------$1.0 m0.0%----
−$52.0 m0.0%+81.4%$150.0 m0.1%$377.0 m0.4%−$171.0 m-0.2%−$279.0 m-0.3%−$248.0 m-0.2%

The balance of all non-operating income and expense. At Apple Inc., in Q1 26: −$52.0 m · Δ +81.4% (Q1 25).

----$486.0 m0.5%------

Gains or losses that do not repeat and do not belong to normal operations.

$35.83 bn32.2%+22.3%$51.00 bn35.5%$32.80 bn32.0%$28.03 bn29.8%$29.31 bn30.7%$42.58 bn34.3%

Profit left after interest, but before the state takes its share. At Apple Inc., in Q1 26: $35.83 bn · Δ +22.3% (Q1 25).

$6.26 bn5.6%+38.1%$8.91 bn6.2%$5.34 bn5.2%$4.60 bn4.9%$4.53 bn4.8%$6.25 bn5.0%

Income tax owed for the period. At Apple Inc., in Q1 26: $6.26 bn · Δ +38.1% (Q1 25).

Tax provision$6.26 bn5.6%+38.1%$8.91 bn6.2%$5.34 bn5.2%$4.60 bn4.9%$4.53 bn4.8%$6.25 bn5.0%
$29.58 bn26.6%+19.4%$42.10 bn29.3%$27.47 bn26.8%$23.43 bn24.9%$24.78 bn26.0%$36.33 bn29.2%

Profit from the businesses the company will still have next year. At Apple Inc., in Q1 26: $29.58 bn · Δ +19.4% (Q1 25).

$29.58 bn26.6%+19.4%$42.10 bn29.3%$27.47 bn26.8%$23.43 bn24.9%$24.78 bn26.0%$36.33 bn29.2%

The profit left for shareholders after absolutely every expense. At Apple Inc., in Q1 26: $29.58 bn · Δ +19.4% (Q1 25).

net margin26.6%26.6%29.3%29.3%26.8%26.8%24.9%24.9%26.0%26.0%29.2%29.2%
--$42.10 bn29.3%$27.47 bn26.8%$23.43 bn24.9%$24.78 bn26.0%$36.33 bn29.2%

The share of profit that belongs to ordinary shares.

total assets$359.24 bn−1.6%201620252016$321.69 bn2017$375.32 bn2018$365.73 bn2019$338.52 bn2020$323.89 bn2021$351.00 bn2022$352.76 bn2023$352.58 bn2024$364.98 bn2025$359.24 bn
total liabilities$285.51 bn−7.3%201620252016$193.44 bn2017$241.27 bn2018$258.58 bn2019$248.03 bn2020$258.55 bn2021$287.91 bn2022$302.08 bn2023$290.44 bn2024$308.03 bn2025$285.51 bn
shareholders equity$73.73 bn+29.5%201620252016$128.25 bn2017$134.05 bn2018$107.15 bn2019$90.49 bn2020$65.34 bn2021$63.09 bn2022$50.67 bn2023$62.15 bn2024$56.95 bn2025$73.73 bn
Balance sheet, annual, 6 periods
 2025Δ 202420242023202220212020
$359.24 bn100%−1.6%$364.98 bn100%$352.58 bn100%$352.76 bn100%$351.00 bn100%$323.89 bn100%

Everything the company owns: factories, inventory, cash, receivables. At Apple Inc., in 2025: $359.24 bn · Δ −1.6% (2024).

$147.96 bn41.2%−3.3%$152.99 bn41.9%$143.57 bn40.7%$135.41 bn38.4%$134.84 bn38.4%$143.71 bn44.4%

What turns into money in less than a year. At Apple Inc., in 2025: $147.96 bn · Δ −3.3% (2024).

Cash$35.93 bn10.0%+20.0%$29.94 bn8.2%$29.97 bn8.5%$23.65 bn6.7%$34.94 bn10.0%$38.02 bn11.7%
Cash and equivalents$35.93 bn10.0%+20.0%$29.94 bn8.2%$29.97 bn8.5%$23.65 bn6.7%$34.94 bn10.0%$38.02 bn11.7%
Short-term investments$18.76 bn5.2%−46.7%$35.23 bn9.7%$31.59 bn9.0%$24.66 bn7.0%$27.70 bn7.9%$52.93 bn16.3%
Cash and short-term investments$54.70 bn15.2%−16.1%$65.17 bn17.9%$61.56 bn17.5%$48.30 bn13.7%$62.64 bn17.8%$90.94 bn28.1%
Net receivables$72.96 bn20.3%+10.1%$66.24 bn18.1%$29.51 bn8.4%$28.18 bn8.0%$26.28 bn7.5%$16.12 bn5.0%
Inventory$5.72 bn1.6%−21.5%$7.29 bn2.0%$6.33 bn1.8%$4.95 bn1.4%$6.58 bn1.9%$4.06 bn1.3%
Other current assets$14.59 bn4.1%+2.1%$14.29 bn3.9%$14.70 bn4.2%$21.22 bn6.0%$14.11 bn4.0%$11.26 bn3.5%
$211.28 bn58.8%−0.3%$211.99 bn58.1%$209.02 bn59.3%$217.35 bn61.6%$216.17 bn61.6%$180.18 bn55.6%

What stays in the company for years: buildings, machinery, licences. At Apple Inc., in 2025: $211.28 bn · Δ −0.3% (2024).

Property, plant and equipment$61.04 bn17.0%+9.2%$55.91 bn15.3%$43.72 bn12.4%$42.12 bn11.9%$39.44 bn11.2%$36.77 bn11.4%
PP&E, net$49.83 bn13.9%+9.1%$45.68 bn12.5%$43.72 bn12.4%$42.12 bn11.9%$39.44 bn11.2%$36.77 bn11.4%
$125.85 bn35.0%+5.6%$119.13 bn32.6%$114.60 bn32.5%$114.46 bn32.4%$109.72 bn31.3%$103.53 bn32.0%

The purchase value of buildings and machinery, before accumulated depreciation. That is why it exceeds the net value. At Apple Inc., in 2025: $125.85 bn · Δ +5.6% (2024).

Long-term investments$77.72 bn21.6%−15.0%$91.48 bn25.1%$100.54 bn28.5%$120.81 bn34.2%$127.88 bn36.4%$100.89 bn31.1%
Other non-current assets$62.95 bn17.5%+13.8%$55.34 bn15.2%$64.76 bn18.4%$54.43 bn15.4%$48.85 bn13.9%$42.52 bn13.1%
Other assets$72.52 bn20.2%+12.3%$64.60 bn17.7%$54.10 bn15.3%$54.43 bn15.4%$38.76 bn11.0%$33.95 bn10.5%
$285.51 bn79.5%−7.3%$308.03 bn84.4%$290.44 bn82.4%$302.08 bn85.6%$287.91 bn82.0%$258.55 bn79.8%

Everything the company owes, to banks and suppliers alike. At Apple Inc., in 2025: $285.51 bn · Δ −7.3% (2024).

$165.63 bn46.1%−6.1%$176.39 bn48.3%$145.31 bn41.2%$153.98 bn43.7%$125.48 bn35.7%$105.39 bn32.5%

Debts due in less than a year. At Apple Inc., in 2025: $165.63 bn · Δ −6.1% (2024).

Accounts payable$69.86 bn19.4%+1.3%$68.96 bn18.9%$62.61 bn17.8%$64.12 bn18.2%$54.76 bn15.6%$42.30 bn13.1%
Short-term debt$22.45 bn6.2%−0.3%$22.51 bn6.2%$15.81 bn4.5%$21.11 bn6.0%$15.61 bn4.4%$13.77 bn4.3%
Current portion of long-term debt$20.33 bn5.7%−2.6%$20.88 bn5.7%$15.81 bn4.5%$21.11 bn6.0%$15.61 bn4.4%$13.77 bn4.3%
Deferred revenue$9.06 bn2.5%+9.8%$8.25 bn2.3%$8.06 bn2.3%$7.91 bn2.2%$7.61 bn2.2%$6.64 bn2.1%
Other current liabilities$64.27 bn17.9%+28.4%$50.07 bn13.7%$58.83 bn16.7%$60.85 bn17.2%$47.49 bn13.5%$42.68 bn13.2%
$119.88 bn33.4%−8.9%$131.64 bn36.1%$145.13 bn41.2%$148.10 bn42.0%$162.43 bn46.3%$153.16 bn47.3%

Debts due beyond one year. At Apple Inc., in 2025: $119.88 bn · Δ −8.9% (2024).

Long-term debt$78.33 bn21.8%−8.7%$85.75 bn23.5%$95.28 bn27.0%$98.96 bn28.1%$109.11 bn31.1%$98.67 bn30.5%
Total long-term debt$79.02 bn22.0%−8.6%$86.50 bn23.7%$96.14 bn27.3%$99.77 bn28.3%$109.11 bn31.1%$98.67 bn30.5%
Capital lease obligations----$12.84 bn3.6%$12.41 bn3.5%$11.80 bn3.4%$9.84 bn3.0%
Other non-current liabilities$41.55 bn11.6%+13.4%$36.63 bn10.0%$49.85 bn14.1%$49.14 bn13.9%$28.64 bn8.2%$26.32 bn8.1%
Other liabilities------$49.14 bn13.9%$43.05 bn12.3%$46.11 bn14.2%
$73.73 bn20.5%+29.5%$56.95 bn15.6%$62.15 bn17.6%$50.67 bn14.4%$63.09 bn18.0%$65.34 bn20.2%

What would be left for shareholders if everything were sold and every debt paid. At Apple Inc., in 2025: $73.73 bn · Δ +29.5% (2024).

$93.57 bn26.0%+12.4%$83.28 bn22.8%$73.81 bn20.9%$64.85 bn18.4%$57.37 bn16.3%$50.78 bn15.7%

Money put in by shareholders at founding and at capital raises. At Apple Inc., in 2025: $93.57 bn · Δ +12.4% (2024).

$93.57 bn26.0%+12.4%$83.28 bn22.8%$73.81 bn20.9%$64.85 bn18.4%$57.37 bn16.3%$50.78 bn15.7%

Capital subscribed by shareholders. At Apple Inc., in 2025: $93.57 bn · Δ +12.4% (2024).

$93.57 bn26.0%+12.4%$83.28 bn22.8%$73.81 bn20.9%$64.85 bn18.4%$57.36 bn16.3%$50.78 bn15.7%

What was paid above the nominal value of the shares. At Apple Inc., in 2025: $93.57 bn · Δ +12.4% (2024).

−$14.26 bn-4.0%+25.5%−$19.15 bn-5.2%−$214.0 m-0.1%−$3.07 bn-0.9%$5.56 bn1.6%$14.97 bn4.6%

Past years’ profits the company kept instead of distributing. At Apple Inc., in 2025: −$14.26 bn · Δ +25.5% (2024).

Retained earnings, total------−$3.07 bn-0.9%$5.56 bn1.6%$14.97 bn4.6%
Accumulated other comprehensive income−$5.57 bn-1.6%+22.3%−$7.17 bn-2.0%−$11.45 bn-3.2%−$11.11 bn-3.1%$163.0 m0.0%−$406.0 m-0.1%
Other equity items−$5.57 bn-1.6%+22.3%−$7.17 bn-2.0%−$11.45 bn-3.2%−$11.11 bn-3.1%$163.0 m0.0%−$406.0 m-0.1%
Common stock, total------$64.85 bn18.4%$57.37 bn16.3%$50.78 bn15.7%
$359.24 bn100%−1.6%$364.98 bn100%$352.58 bn100%$352.76 bn100%$351.00 bn100%$323.89 bn100%

Liabilities plus equity. Must equal total assets. At Apple Inc., in 2025: $359.24 bn · Δ −1.6% (2024).

$76.44 bn21.3%−14.2%$89.12 bn24.4%$81.12 bn23.0%$96.42 bn27.3%$89.78 bn25.6%$74.42 bn23.0%

Debt left after subtracting cash in the bank. Negative means more money than debt. At Apple Inc., in 2025: $76.44 bn · Δ −14.2% (2024).

$112.38 bn31.3%−5.6%$119.06 bn32.6%$111.95 bn31.8%$120.88 bn34.3%$124.72 bn35.5%$112.44 bn34.7%

All borrowings, short and long term. At Apple Inc., in 2025: $112.38 bn · Δ −5.6% (2024).

−$17.67 bn-4.9%+24.5%−$23.41 bn-6.4%−$1.74 bn-0.5%−$18.58 bn-5.3%$9.36 bn2.7%$38.32 bn11.8%

The difference between what it collects and what it pays in the short term. At Apple Inc., in 2025: −$17.67 bn · Δ +24.5% (2024).

------$50.67 bn14.4%$63.09 bn18.0%$65.34 bn20.2%

Assets without goodwill and licences, that is only what can be touched.

$172.39 bn48.0%+5.4%$163.58 bn44.8%$173.23 bn49.1%$170.74 bn48.4%$187.81 bn53.5%$177.78 bn54.9%

The capital the business actually has at work. At Apple Inc., in 2025: $172.39 bn · Δ +5.4% (2024).

15.00 bn-−2.6%15.41 bn-15.81 bn-16.33 bn-16.86 bn-17.53 bn-

How many shares exist. If the number rises, each shareholder’s slice shrinks. At Apple Inc., in 2025: $15.00 bn · Δ −2.6% (2024).

------$72.34 bn20.5%$70.28 bn20.0%$66.76 bn20.6%

All the wear on buildings and equipment booked over the years. It is subtracted from their original cost.

total assets$371.08 bn+12.0%Q2 24Q1 26Q2 24$331.61 bnQ3 24$364.98 bnQ4 24$344.09 bnQ1 25$331.23 bnQ2 25$331.50 bnQ3 25$359.24 bnQ4 25$379.30 bnQ1 26$371.08 bn
total liabilities$264.59 bn+0.1%Q2 24Q1 26Q2 24$264.90 bnQ3 24$308.03 bnQ4 24$277.33 bnQ1 25$264.44 bnQ2 25$265.67 bnQ3 25$285.51 bnQ4 25$291.11 bnQ1 26$264.59 bn
shareholders equity$106.49 bn+59.4%Q2 24Q1 26Q2 24$66.71 bnQ3 24$56.95 bnQ4 24$66.76 bnQ1 25$66.80 bnQ2 25$65.83 bnQ3 25$73.73 bnQ4 25$88.19 bnQ1 26$106.49 bn
Balance sheet, quarterly, 6 periods
 Q1 26Δ Q1 25Q4 25Q3 25Q2 25Q1 25Q4 24
$371.08 bn100%+12.0%$379.30 bn100%$359.24 bn100%$331.50 bn100%$331.23 bn100%$344.09 bn100%

Everything the company owns: factories, inventory, cash, receivables. At Apple Inc., in Q1 26: $371.08 bn · Δ +12.0% (Q1 25).

$144.11 bn38.8%+21.4%$158.10 bn41.7%$147.96 bn41.2%$122.49 bn37.0%$118.67 bn35.8%$133.24 bn38.7%

What turns into money in less than a year. At Apple Inc., in Q1 26: $144.11 bn · Δ +21.4% (Q1 25).

Cash$36.33 bn9.8%+29.0%$45.32 bn11.9%$35.93 bn10.0%$36.27 bn10.9%$28.16 bn8.5%$30.30 bn8.8%
Cash and equivalents--$45.32 bn11.9%$35.93 bn10.0%$36.27 bn10.9%$28.16 bn8.5%$30.30 bn8.8%
Short-term investments$32.18 bn8.7%+58.2%$21.59 bn5.7%$18.76 bn5.2%$24.91 bn7.5%$20.34 bn6.1%$23.48 bn6.8%
Cash and short-term investments$68.51 bn18.5%+41.3%$66.91 bn17.6%$54.70 bn15.2%$55.37 bn16.7%$48.50 bn14.6%$53.78 bn15.6%
Net receivables$53.51 bn14.4%+7.5%$70.32 bn18.5%$72.96 bn20.3%$46.84 bn14.1%$49.80 bn15.0%$59.31 bn17.2%
Inventory$6.75 bn1.8%+7.6%$5.88 bn1.5%$5.72 bn1.6%$5.93 bn1.8%$6.27 bn1.9%$6.91 bn2.0%
Other current assets$15.35 bn4.1%+8.8%$15.00 bn4.0%$14.59 bn4.1%$14.36 bn4.3%$14.11 bn4.3%$13.25 bn3.9%
$226.97 bn61.2%+6.8%$221.19 bn58.3%$211.28 bn58.8%$209.00 bn63.0%$212.56 bn64.2%$210.85 bn61.3%

What stays in the company for years: buildings, machinery, licences. At Apple Inc., in Q1 26: $226.97 bn · Δ +6.8% (Q1 25).

Property, plant and equipment--$50.16 bn13.2%$49.83 bn13.9%$48.51 bn14.6%$46.88 bn14.2%$46.07 bn13.4%
PP&E, net$50.12 bn13.5%+6.9%$50.16 bn13.2%$49.83 bn13.9%$48.51 bn14.6%$46.88 bn14.2%$46.07 bn13.4%
$127.56 bn34.4%+5.3%$127.32 bn33.6%$125.85 bn35.0%$124.31 bn37.5%$121.18 bn36.6%$120.62 bn35.1%

The purchase value of buildings and machinery, before accumulated depreciation. That is why it exceeds the net value. At Apple Inc., in Q1 26: $127.56 bn · Δ +5.3% (Q1 25).

Intangible assets$21.33 bn5.7%----------
Long-term investments$78.09 bn21.0%−7.5%$77.89 bn20.5%$77.72 bn21.6%$77.61 bn23.4%$84.42 bn25.5%$87.59 bn25.5%
Other non-current assets$77.43 bn20.9%−4.7%$93.15 bn24.6%$62.95 bn17.5%$82.88 bn25.0%$81.26 bn24.5%$77.18 bn22.4%
Other assets--$93.15 bn24.6%$83.73 bn23.3%$82.88 bn25.0%$81.26 bn24.5%$77.18 bn22.4%
$264.59 bn71.3%+0.1%$291.11 bn76.7%$285.51 bn79.5%$265.67 bn80.1%$264.44 bn79.8%$277.33 bn80.6%

Everything the company owes, to banks and suppliers alike. At Apple Inc., in Q1 26: $264.59 bn · Δ +0.1% (Q1 25).

$134.64 bn36.3%−6.9%$162.37 bn42.8%$165.63 bn46.1%$141.12 bn42.6%$144.57 bn43.6%$144.37 bn42.0%

Debts due in less than a year. At Apple Inc., in Q1 26: $134.64 bn · Δ −6.9% (Q1 25).

Accounts payable$57.35 bn15.5%+6.0%$70.59 bn18.6%$69.86 bn19.4%$50.37 bn15.2%$54.13 bn16.3%$61.91 bn18.0%
Short-term debt$10.31 bn2.8%−47.5%$13.82 bn3.6%$22.45 bn6.2%$19.27 bn5.8%$19.62 bn5.9%$12.84 bn3.7%
Current portion of long-term debt$10.31 bn2.8%−47.5%$13.82 bn3.6%$20.33 bn5.7%$19.27 bn5.8%$19.62 bn5.9%$12.84 bn3.7%
Deferred revenue$9.33 bn2.5%+4.0%$9.41 bn2.5%$9.06 bn2.5%$8.98 bn2.7%$8.98 bn2.7%$8.46 bn2.5%
Other current liabilities$57.65 bn15.5%−6.8%$68.54 bn18.1%$64.27 bn17.9%$62.50 bn18.9%$61.85 bn18.7%$61.15 bn17.8%
$129.95 bn35.0%+8.4%$128.74 bn33.9%$119.88 bn33.4%$124.55 bn37.6%$119.87 bn36.2%$132.96 bn38.6%

Debts due beyond one year. At Apple Inc., in Q1 26: $129.95 bn · Δ +8.4% (Q1 25).

Long-term debt$74.40 bn20.1%−5.3%$76.69 bn20.2%$78.33 bn21.8%$82.43 bn24.9%$78.57 bn23.7%$83.96 bn24.4%
Total long-term debt--$76.69 bn20.2%$78.33 bn21.8%$82.43 bn24.9%$78.57 bn23.7%$83.96 bn24.4%
Other non-current liabilities$55.55 bn15.0%+34.5%$52.06 bn13.7%$41.55 bn11.6%$42.12 bn12.7%$41.30 bn12.5%$49.01 bn14.2%
$106.49 bn28.7%+59.4%$88.19 bn23.3%$73.73 bn20.5%$65.83 bn19.9%$66.80 bn20.2%$66.76 bn19.4%

What would be left for shareholders if everything were sold and every debt paid. At Apple Inc., in Q1 26: $106.49 bn · Δ +59.4% (Q1 25).

$99.51 bn26.8%+12.2%$95.22 bn25.1%$93.57 bn26.0%$89.81 bn27.1%$88.71 bn26.8%$84.77 bn24.6%

Money put in by shareholders at founding and at capital raises. At Apple Inc., in Q1 26: $99.51 bn · Δ +12.2% (Q1 25).

$99.51 bn26.8%+12.2%$95.22 bn25.1%$93.57 bn26.0%$89.81 bn27.1%$88.71 bn26.8%$84.77 bn24.6%

Capital subscribed by shareholders. At Apple Inc., in Q1 26: $99.51 bn · Δ +12.2% (Q1 25).

--$95.22 bn25.1%$93.57 bn26.0%$89.81 bn27.1%$88.71 bn26.8%$84.77 bn24.6%

What was paid above the nominal value of the shares.

$12.36 bn3.3%+179%−$2.18 bn-0.6%−$14.26 bn-4.0%−$17.61 bn-5.3%−$15.55 bn-4.7%−$11.22 bn-3.3%

Past years’ profits the company kept instead of distributing. At Apple Inc., in Q1 26: $12.36 bn · Δ +179% (Q1 25).

Accumulated other comprehensive income−$5.38 bn-1.4%+15.5%−$4.85 bn-1.3%−$5.57 bn-1.6%−$6.37 bn-1.9%−$6.36 bn-1.9%−$6.79 bn-2.0%
Other equity items--−$4.85 bn-1.3%−$5.57 bn-1.6%−$6.37 bn-1.9%−$6.36 bn-1.9%−$6.79 bn-2.0%
$371.08 bn100%+12.0%$379.30 bn100%$359.24 bn100%$331.50 bn100%$331.23 bn100%$344.09 bn100%

Liabilities plus equity. Must equal total assets. At Apple Inc., in Q1 26: $371.08 bn · Δ +12.0% (Q1 25).

$48.38 bn13.0%−30.9%$45.19 bn11.9%$76.44 bn21.3%$71.23 bn21.5%$70.02 bn21.1%$66.50 bn19.3%

Debt left after subtracting cash in the bank. Negative means more money than debt. At Apple Inc., in Q1 26: $48.38 bn · Δ −30.9% (Q1 25).

$84.71 bn22.8%−13.7%$90.51 bn23.9%$112.38 bn31.3%$101.70 bn30.7%$98.19 bn29.6%$96.80 bn28.1%

All borrowings, short and long term. At Apple Inc., in Q1 26: $84.71 bn · Δ −13.7% (Q1 25).

$9.47 bn2.6%+137%−$4.26 bn-1.1%−$17.67 bn-4.9%−$18.63 bn-5.6%−$25.90 bn-7.8%−$11.13 bn-3.2%

The difference between what it collects and what it pays in the short term. At Apple Inc., in Q1 26: $9.47 bn · Δ +137% (Q1 25).

$191.20 bn51.5%+15.9%$178.70 bn47.1%$172.39 bn48.0%$167.53 bn50.5%$164.98 bn49.8%$163.56 bn47.5%

The capital the business actually has at work. At Apple Inc., in Q1 26: $191.20 bn · Δ +15.9% (Q1 25).

14.77 bn-−1.9%14.81 bn-15.00 bn-14.95 bn-15.06 bn-15.15 bn-

How many shares exist. If the number rises, each shareholder’s slice shrinks. At Apple Inc., in Q1 26: $14.77 bn · Δ −1.9% (Q1 25).

from operations$111.48 bn−5.7%201620252016$65.82 bn2017$63.60 bn2018$77.43 bn2019$69.39 bn2020$80.67 bn2021$104.04 bn2022$122.15 bn2023$110.54 bn2024$118.25 bn2025$111.48 bn
from investing$15.20 bn+418%201620252016−$45.98 bn2017−$46.45 bn2018$16.07 bn2019$45.90 bn2020−$4.29 bn2021−$14.55 bn2022−$22.35 bn2023$3.71 bn2024$2.94 bn2025$15.20 bn
from financing−$120.69 bn+1.1%201620252016−$20.48 bn2017−$17.35 bn2018−$87.88 bn2019−$90.98 bn2020−$86.82 bn2021−$93.35 bn2022−$110.75 bn2023−$108.49 bn2024−$121.98 bn2025−$120.69 bn
Cash flows, annual, 6 periods
 2025Δ 202420242023202220212020
$112.01 bn-+19.5%$93.74 bn-$97.00 bn-$99.80 bn-$94.68 bn-$57.41 bn-

The profit left for shareholders after absolutely every expense. At Apple Inc., in 2025: $112.01 bn · Δ +19.5% (2024).

$11.70 bn-+2.2%$11.45 bn-$11.52 bn-$11.10 bn-$11.28 bn-$11.06 bn-

The accounting wear on buildings and machinery. It lowers profit but takes no cash out. At Apple Inc., in 2025: $11.70 bn · Δ +2.2% (2024).

$12.86 bn-+10.1%$11.69 bn-$10.83 bn-$9.04 bn-$7.91 bn-$6.83 bn-

Shares given to employees instead of money. No cash cost, but it dilutes shareholders. At Apple Inc., in 2025: $12.86 bn · Δ +10.1% (2024).

------$10.04 bn-$2.99 bn-$6.52 bn-

Adjustments that bring accounting profit closer to money collected.

−$25.00 bn-−785%$3.65 bn-−$6.58 bn-$1.20 bn-−$4.91 bn-$5.69 bn-

Money tied up in or released from inventory, receivables and payables. At Apple Inc., in 2025: −$25.00 bn · Δ −785% (2024).

of which: receivables−$6.68 bn-−29.9%−$5.14 bn-−$1.69 bn-−$1.82 bn-−$10.13 bn-$6.92 bn-
of which: receivables, total----−$417.0 m-−$9.34 bn-−$14.03 bn-$8.47 bn-
of which: inventory$1.40 bn-+234%−$1.05 bn-−$1.62 bn-$1.48 bn-−$2.64 bn-−$127.0 m-
of which: liabilities------$9.93 bn-$14.00 bn-$4.85 bn-
of which: other changes------−$8.39 bn-−$6.15 bn-$881.0 m-
Other operating flows------−$6.02 bn-−$6.37 bn-−$7.51 bn-
Other non-cash items−$89.0 m-+96.1%−$2.27 bn-−$2.23 bn-$111.0 m-−$147.0 m-−$97.0 m-
$111.48 bn-−5.7%$118.25 bn-$110.54 bn-$122.15 bn-$104.04 bn-$80.67 bn-

The money the business actually produced, before investment. At Apple Inc., in 2025: $111.48 bn · Δ −5.7% (2024).

$12.72 bn-+34.6%$9.45 bn-$10.96 bn-$10.71 bn-$11.09 bn-$7.31 bn-

Money put into factories, machinery and equipment. At Apple Inc., in 2025: $12.72 bn · Δ +34.6% (2024).

$29.39 bn-+115%$13.69 bn-$16.00 bn-−$9.56 bn-−$14.55 bn-−$4.29 bn-

Purchases and sales of financial holdings. At Apple Inc., in 2025: $29.39 bn · Δ +115% (2024).

Other investing flows−$1.48 bn-−13.1%−$1.31 bn-$14.66 bn-−$1.78 bn-−$352.0 m-−$2.32 bn-
$15.20 bn-+418%$2.94 bn-$3.71 bn-−$22.35 bn-−$14.55 bn-−$4.29 bn-

The balance of investing cash. Negative means the company is building. At Apple Inc., in 2025: $15.20 bn · Δ +418% (2024).

−$90.71 bn-+4.5%−$94.95 bn-−$77.55 bn-−$89.40 bn-−$85.97 bn-−$72.36 bn-

Shares bought back from the market or issued. At Apple Inc., in 2025: −$90.71 bn · Δ +4.5% (2024).

--------$1.11 bn-$880.0 m-

Money raised by issuing new shares.

$15.42 bn-+1.2%$15.23 bn-$15.03 bn-$14.84 bn-$14.47 bn-$14.08 bn-

Money given to shareholders as dividends. At Apple Inc., in 2025: $15.42 bn · Δ +1.2% (2024).

−$8.48 bn-−41.4%−$6.00 bn-−$9.90 bn-−$123.0 m-$12.67 bn-$2.50 bn-

Loans taken minus loans repaid. At Apple Inc., in 2025: −$8.48 bn · Δ −41.4% (2024).

Other financing flows−$6.07 bn-−4.6%−$5.80 bn-−$6.01 bn-$3.04 bn-$14.73 bn-$11.37 bn-
−$120.69 bn-+1.1%−$121.98 bn-−$108.49 bn-−$110.75 bn-−$93.35 bn-−$86.82 bn-

The balance of financing cash: loans, dividends, buybacks. At Apple Inc., in 2025: −$120.69 bn · Δ +1.1% (2024).

$5.99 bn-+855%−$794.0 m-$5.76 bn-−$10.95 bn-−$3.86 bn-−$10.44 bn-

How much the cash in the bank rose or fell. At Apple Inc., in 2025: $5.99 bn · Δ +855% (2024).

Change in cash and equivalents----$5.76 bn-−$10.95 bn-−$3.86 bn-−$10.44 bn-
$29.94 bn-−2.6%$30.74 bn-$24.98 bn-$35.93 bn-$39.79 bn-$50.22 bn-

Cash in the bank at the start of the period. At Apple Inc., in 2025: $29.94 bn · Δ −2.6% (2024).

$35.93 bn-+20.0%$29.94 bn-$30.74 bn-$24.98 bn-$35.93 bn-$39.79 bn-

Cash in the bank at the end of the period. At Apple Inc., in 2025: $35.93 bn · Δ +20.0% (2024).

$98.77 bn-−9.2%$108.81 bn-$99.58 bn-$111.44 bn-$92.95 bn-$73.37 bn-

The money left after the business paid for its investments. Dividends and debt repayment come from here. At Apple Inc., in 2025: $98.77 bn · Δ −9.2% (2024).

from operations$28.70 bn+19.8%Q2 24Q1 26Q2 24$28.86 bnQ3 24$26.81 bnQ4 24$29.94 bnQ1 25$23.95 bnQ2 25$27.87 bnQ3 25$29.73 bnQ4 25$53.93 bnQ1 26$28.70 bn
from investing−$6.17 bn−311%Q2 24Q1 26Q2 24−$127.0 mQ3 24$1.45 bnQ4 24$9.79 bnQ1 25$2.92 bnQ2 25$5.07 bnQ3 25−$2.59 bnQ4 25−$4.89 bnQ1 26−$6.17 bn
from financing−$22.28 bn+23.2%Q2 24Q1 26Q2 24−$36.02 bnQ3 24−$24.95 bnQ4 24−$39.37 bnQ1 25−$29.01 bnQ2 25−$24.83 bnQ3 25−$27.48 bnQ4 25−$39.66 bnQ1 26−$22.28 bn
Cash flows, quarterly, 6 periods
 Q1 26Δ Q1 25Q4 25Q3 25Q2 25Q1 25Q4 24
$29.58 bn-+19.4%$42.10 bn-$27.47 bn-$23.43 bn-$24.78 bn-$36.33 bn-

The profit left for shareholders after absolutely every expense. At Apple Inc., in Q1 26: $29.58 bn · Δ +19.4% (Q1 25).

$3.44 bn-+29.2%$3.21 bn-$3.13 bn-$2.83 bn-$2.66 bn-$3.08 bn-

The accounting wear on buildings and machinery. It lowers profit but takes no cash out. At Apple Inc., in Q1 26: $3.44 bn · Δ +29.2% (Q1 25).

$3.53 bn-+9.4%$3.59 bn-$3.18 bn-$3.17 bn-$3.23 bn-$3.29 bn-

Shares given to employees instead of money. No cash cost, but it dilutes shareholders. At Apple Inc., in Q1 26: $3.53 bn · Δ +9.4% (Q1 25).

−$6.65 bn-−2.3%$5.55 bn-−$5.71 bn-−$2.03 bn-−$6.51 bn-−$10.75 bn-

Money tied up in or released from inventory, receivables and payables. At Apple Inc., in Q1 26: −$6.65 bn · Δ −2.3% (Q1 25).

of which: receivables$16.68 bn-+72.4%$2.63 bn-−$26.27 bn-$2.80 bn-$9.67 bn-$6.76 bn-
of which: inventory−$873.0 m-−236%−$211.0 m-$177.0 m-$365.0 m-$643.0 m-$215.0 m-
Other non-cash items−$1.19 bn-−472%−$528.0 m-$1.66 bn-$469.0 m-−$208.0 m-−$2.01 bn-
$28.70 bn-+19.8%$53.93 bn-$29.73 bn-$27.87 bn-$23.95 bn-$29.94 bn-

The money the business actually produced, before investment. At Apple Inc., in Q1 26: $28.70 bn · Δ +19.8% (Q1 25).

$1.97 bn-−35.8%$2.37 bn-$3.24 bn-$3.46 bn-$3.07 bn-$2.94 bn-

Money put into factories, machinery and equipment. At Apple Inc., in Q1 26: $1.97 bn · Δ −35.8% (Q1 25).

−$2.77 bn-−195%−$2.36 bn-−$2.59 bn-$5.07 bn-$2.92 bn-$9.79 bn-

Purchases and sales of financial holdings. At Apple Inc., in Q1 26: −$2.77 bn · Δ −195% (Q1 25).

Other investing flows−$1.43 bn-−4,369%−$154.0 m-−$505.0 m-−$340.0 m-−$32.0 m-−$603.0 m-
−$6.17 bn-−311%−$4.89 bn-−$2.59 bn-$5.07 bn-$2.92 bn-$9.79 bn-

The balance of investing cash. Negative means the company is building. At Apple Inc., in Q1 26: −$6.17 bn · Δ −311% (Q1 25).

−$12.29 bn-+52.6%−$24.70 bn-−$20.13 bn-−$21.08 bn-−$25.90 bn-−$23.61 bn-

Shares bought back from the market or issued. At Apple Inc., in Q1 26: −$12.29 bn · Δ +52.6% (Q1 25).

$3.82 bn-+1.7%$3.92 bn-$3.86 bn-$3.95 bn-$3.76 bn-$3.86 bn-

Money given to shareholders as dividends. At Apple Inc., in Q1 26: $3.82 bn · Δ +1.7% (Q1 25).

−$5.75 bn-−689%−$8.07 bn-−$3.22 bn-$2.71 bn-$976.0 m-−$8.95 bn-

Loans taken minus loans repaid. At Apple Inc., in Q1 26: −$5.75 bn · Δ −689% (Q1 25).

Other financing flows−$418.0 m-−28.2%−$2.96 bn-−$265.0 m-−$2.52 bn-−$326.0 m-−$2.96 bn-
−$22.28 bn-+23.2%−$39.66 bn-−$27.48 bn-−$24.83 bn-−$29.01 bn-−$39.37 bn-

The balance of financing cash: loans, dividends, buybacks. At Apple Inc., in Q1 26: −$22.28 bn · Δ +23.2% (Q1 25).

$255.0 m-+112%$9.38 bn-−$335.0 m-$8.11 bn-−$2.14 bn-$356.0 m-

How much the cash in the bank rose or fell. At Apple Inc., in Q1 26: $255.0 m · Δ +112% (Q1 25).

$45.32 bn-+49.6%$35.93 bn-$36.27 bn-$28.16 bn-$30.30 bn-$29.94 bn-

Cash in the bank at the start of the period. At Apple Inc., in Q1 26: $45.32 bn · Δ +49.6% (Q1 25).

$45.57 bn-+61.8%$45.32 bn-$35.93 bn-$36.27 bn-$28.16 bn-$30.30 bn-

Cash in the bank at the end of the period. At Apple Inc., in Q1 26: $45.57 bn · Δ +61.8% (Q1 25).

$26.73 bn-+28.0%$51.55 bn-$26.49 bn-$24.41 bn-$20.88 bn-$27.00 bn-

The money left after the business paid for its investments. Dividends and debt repayment come from here. At Apple Inc., in Q1 26: $26.73 bn · Δ +28.0% (Q1 25).

Apple quarterly results: estimates, surprises and the stock's reaction

What analysts expect from the next report, how often Apple has beaten estimates and how the price moved after results.

When does Apple report its next results?

Date not announced

The last announced date, July 30, 2026, has passed.

The results will cover the quarter ending June 30, 2026. Analysts have raised their earnings estimate over the last 90 days.

Expected earnings per share
$1.89

between $1.83 and $1.99

Expected revenue
$108.90 bn

27 analysts

Versus 90 days ago
+9.5%

from $1.73 to $1.89

Fiscal year 2027
$9.69

earnings per share, 42 analysts

Good sign

How often has Apple beaten analyst estimates?

8 of 8 reports

Apple reported earnings above estimates in each of the last 8 quarters.

The average surprise was +4.4%. Last time, earnings per share came in at $2.01, against $1.94 expected.

How far earnings per share beat the estimate

  • +4.5%Q2 24
  • +2.1%Q3 24
  • +2.6%Q4 24
  • +1.9%Q1 25
  • +9.8%Q2 25
  • +4.5%Q3 25
  • +6.4%Q4 25
  • +3.6%Q1 26

Worth watching

How does Apple stock react to earnings?

-0.53%

On average, the stock fell the next day, even though results beat estimates.

It rose after 3 of the 8 reports. The market already expected good results, so beating estimates no longer moved the price.

  • April 30, 2026+3.6%+3.24%+4.7%
  • January 29, 2026+6.4%+0.46%+7.2%
  • October 30, 2025+4.5%-0.38%-0.7%
  • July 31, 2025+9.8%-2.50%+13.3%
  • May 1, 2025+1.9%-3.74%-3.3%
  • January 30, 2025+2.6%-0.67%-3.6%
  • October 31, 2024+2.1%-1.33%+1.9%
  • August 1, 2024+4.5%+0.69%-1.7%

How does Apple stock move before earnings?

+1.5%

On average, over the 5 days before. It rose in 5 of 8 quarters.

How does the stock move in the 10 days before?

+1.9%

On average. It rose in 3 of 8 quarters. A few big jumps pull the average up.

How does the stock move in the 5 days after?

+2.2%

On average. It rose in 4 of 8 quarters. It is not a pattern to rely on.

Analyst estimates from a third-party source. The reaction is the change in closing price on the day after the report. This is not investment advice.

What can go wrong

Risks & Resilience

Risks in Apple Inc. (AAPL) stock: balance sheet strength, distance from financial distress, and behaviour in past crises. The low-risk score is 86.9 out of 100, in the upper end of the market.

Apple debt and solvency

Whether Apple can pay its debts from what it earns, and how far it is from financial distress.

Good sign

Can Apple pay its debts?

0.70× debt to EBITDA

Apple could repay all of its financial debt with about 8 months of operating profit.

Below 3× is considered comfortable. Apple does better than 62% of companies in its sector.

Balance sheet as of March 31, 2026

Financial debt$84.71 bn
Cash and short-term investments$68.51 bn
Net debt
$16.20 bn

debt minus cash and investments

Credit health
98 out of 100

above 75 means no concern

Good sign

How close is Apple to bankruptcy?

Very far

None of the bankruptcy models with a published threshold flags stress at Apple.

The Altman Z'' score is 5.55, above the 2.6 safety threshold. The probability of default from the Merton model is practically zero.

  • Altman Z'' scoreStatistical model estimating bankruptcy risk, adapted for non-financial firms. Above 2.6 is the safe zone; below 1.1 is the distress zone.
  • Distance to default (Merton)How many standard deviations the firm value sits above its debt level. Above 3 is a comfortable margin.
  • Probability of default (Merton)Estimated chance the firm cannot service its debt over one year. Below 1% means negligible credit risk.
  • Probability of distress (Ohlson)Statistical model estimating the risk of financial distress. Low means a balance sheet under no strain.
  • Probability of distress (Zmijewski)Alternative model for estimating financial distress risk. Low means limited risk; useful as a cross-check on the Ohlson model.

Signs of accounting manipulation at Apple

Statistical models that look for patterns linked to aggressive reporting. A flag means "worth a closer look", not "fraud".

Good sign

Are there signs of accounting manipulation at Apple?

No serious flags

The models find no pattern of inflated earnings or massaged numbers at Apple.

Worth watching are the Montier score, at 3 out of 6, and dilution from shares granted to employees, at 3.1%, above the 2% threshold.

  • Beneish M-scoreModel that detects patterns of aggressive accounting. Below −1.78 means no signals of aggressive reporting. A statistical test, not an accusation.
  • Montier C-scoreSix warning signals about the quality of accounting. 0-1 is clean; 4 or above calls for caution.
  • Dilution from stock-based payHow much of shareholders' stake is diluted by shares granted to employees. Below 2% a year is bearable dilution.
  • Accruals ratio (Sloan)How much of reported profit is accounting only, rather than cash collected. Low or negative means profit is backed by real money.
  • Cash conversion of earningsHow much of accounting profit actually turns into cash. Above 100% means profit is more than covered by real money.
  • Tax rate deviationHow far the tax actually paid differs from the statutory rate in the company’s country. Close to zero is normal. A large, sustained deviation is worth a look at the notes.

The Beneish, Montier and Sloan models are published in academic literature, and the thresholds are those from the original papers.

A statistical screening signal, not an accusation of fraud.

Transparency · MAR

How Apple stock behaved in market crises

What happened to Apple stock when the market fell. This is not a forecast, it is what already happened.

Good sign

How far did Apple stock fall in past crises?

-31.4% largest drop

In both crises measured, Apple stock held up at least as well as the sector median.

The drop is measured from peak to trough, on the actual price at the time.

  • COVID-19 crash2020
    -31.4%

    Better than 81% of the sector

  • 2022 bear market2022
    -28.3%

    Better than 84% of the sector

All crisis data 5
MetricApple
COVID-19 crash (2020)-31.4%
2022 bear market (2022)-28.3%
Share of market declines captured113%
Beta to the market1.13
Recession resilience score71 out of 100

Worth watching

How much of the market's declines does Apple stock capture?

113%

When the market falls 10%, Apple stock falls by about 11.3% on average.

Above 100% means the stock amplifies the market's declines. Its beta of 1.13 says the same.

Market falls-10.0%
Apple falls-11.3%

Real historical data, not a simulation. How a stock came through past crises does not guarantee how it will come through the next one.

Apple Inc (AAPL) stock: biggest drops and how long the recovery took

The falls the price has been through, from a peak to the lowest point, and how long it took to recover.

Biggest drops since 2010

From a peak to the lowest point after it, how long the fall lasted and how long the recovery took.

  • Sep 2012 - Apr 2013-44.4%fell for 7 months, then took 16 months to get back to the peak
  • Oct 2018 - Jan 2019-38.7%fell for 3 months, then took 9 months to get back to the peak
  • Dec 2024 - Apr 2025-33.4%fell for 3 months, then took 6 months to get back to the peak

Measured on each day’s closing price, adjusted for splits, since 2010-01-04. Elsewhere on this page, drops are measured with dividends reinvested, which is why they can come out slightly smaller there.

What you get while you wait

Dividends and shareholder return

How much Apple Inc pays in dividends, how secure it is, and what happens to the share count.

Apple dividends: how much it pays and how safe it is

What you receive as a dividend for one Apple share, how often, and whether the payout is covered by earnings.

How much dividend does Apple pay?

0.30% a year, at today's price

Apple paid $1.05 per share over the last 12 months, in 4 quarterly payments.

The Technology sector median is 1.29%. Apple puts more weight on buying back its shares than on the dividend.

Dividend per share, at each payment

  • $0.25Aug 24
  • $0.25Nov 24
  • $0.25Feb 25
  • $0.26May 25
  • $0.26Aug 25
  • $0.26Nov 25
  • $0.26Feb 26
  • $0.27May 26
Expected dividend for the next year
$1.08

a yield of 0.32%

How often it pays
Quarterly

4 times a year

Good sign

How safe is the Apple dividend?

94 out of 100

Apple pays out only 12.1% of its earnings as a dividend, so it has plenty of room to keep it.

The sector median is 27.7%. The model sees no risk of the dividend being cut.

  • Payout ratioHow much of the profit is paid out as dividend. Below 60% leaves room to grow; above 100% means the dividend exceeds the profit.
  • Dividend safetyHow well the dividend is covered by earnings and cash. The higher the score, the better supported the payout.
  • Risk of a cutThe model's estimate of the risk that the dividend is reduced or suspended. 0 means no warning signal shows up.

Worth watching

How fast is the Apple dividend growing?

+5.0% a year

Over the past five years, the dividend per share has grown by an average of 5.0% a year.

That is slower than most companies in the sector. The latest increase, on May 11, 2026, was 3.8%.

  • Years of dividend increases in a rowHow many years in a row the dividend per share has grown, without a single break. A long streak shows a company that can afford to raise the payout to shareholders year after year.
  • Dividend growthAverage yearly growth in the dividend per share. Steadily positive points to a predictable dividend policy.
All dividend payments 8
Ex-dividend datePaidAmountVersus previous
May 11, 2026May 14, 2026$0.27+3.8%
February 9, 2026February 12, 2026$0.260.0%
November 10, 2025November 13, 2025$0.260.0%
August 11, 2025August 14, 2025$0.260.0%
May 12, 2025May 15, 2025$0.26+4.0%
February 10, 2025February 13, 2025$0.250.0%
November 8, 2024November 14, 2024$0.250.0%
August 12, 2024August 15, 2024$0.25

Past dividends do not guarantee future payments. Amounts are adjusted for stock splits.

Total shareholder yield for Apple

Besides the dividend, a company also returns money to shareholders when it buys back its shares or pays down its debt.

Good sign

How much does Apple return to shareholders?

2.12% a year

Apple returned 2.12% of its market value to shareholders over the last 12 months.

Most of it comes from buybacks. The share count fell by 32% in 9 years, so each share gets a bigger slice of the profit.

What it is made of, over the last 12 months

  • Dividend+0.32%
  • Share buybacks+1.63%
  • Debt paydown+0.30%

How Apple used its money over the last 5 years

  • Buybacks77%
  • Dividends13%
  • Investment10%
  • Acquisitions0.9%

A negative total yield means the company raised capital, through borrowing or new shares, not that it took money from shareholders.

What you would have made

What has already happened, taken out of percentages and put into money.

What you would have made by investing in Apple Inc (AAPL) stock

$1,000 put in Apple Inc stock 10 years ago, with dividends reinvested, would have grown to $15,463, a return of 31.50% a year. On the share price alone, without dividends, it would have been $13,262. Type your own amount and everything recalculates.

$
  • 3 years ago$1,849of which $849 is gain, at 22.74% a year
  • 5 years ago$2,403of which $1,403 is gain, at 19.16% a year
  • 10 years ago$15,463of which $14,463 is gain, at 31.50% a year

These figures have already happened and are not an estimate for what comes next. Dividends are reinvested in the same stock, and the amounts are in the currency the stock trades in, before tax and fees.

Apple stock split history

In a split, each share is divided into several. The price falls in the same proportion, and the value you hold stays the same.

How many times has Apple split its stock?

5 splits

The latest split was on August 31, 2020, 4-for-1.

One Apple share bought before June 16, 1987 has become 224 shares after all the splits.

  • August 31, 2020
    4-for-1
  • June 9, 2014
    7-for-1
  • February 28, 2005
    2-for-1
  • June 21, 2000
    2-for-1
  • June 16, 1987
    2-for-1

Who owns it and what they do with it

Holders and flow

Who stands behind Apple Inc shares, what they buy and sell, and who bets against them.

Who owns Apple stock: institutional shareholders

How much of the company is held by funds and institutions, who the largest shareholders are, and whether they are adding to or cutting their stakes.

Who are the largest shareholders of Apple?

65.7% held by institutions

Funds and institutions hold 65.7% of Apple shares, and management and employees hold 1.6%.

The five largest shareholders hold 31.3% together. The largest, Vanguard Group Inc, owns 9.7%. All five are passive funds, which buy the stock because it is in an index, not because they hold a view on it.

  • Institutions65.7%
  • Management and employees1.6%
  • Other32.6%
Stake and changeThe stake is the share of the company's stock held by the shareholder. The change shows how much they increased or reduced their position in the latest filing.
  • Vanguard Group IncDecember 31, 2025 · passive fund
    9.71%+1.92%
  • BlackRock IncMarch 31, 2026 · passive fund
    7.79%-0.86%
  • Vanguard Capital Management, LLCMarch 31, 2026 · passive fund
    6.49%0.00%
  • State Street CorpMarch 31, 2026 · passive fund
    4.10%-0.28%
  • Vanguard Total Stock Mkt Idx InvApril 30, 2026 · passive fund
    3.19%+0.31%

Good sign

Are big investors buying or selling Apple stock?

24 of 40 bought

Of the 40 large shareholders on file, 24 added to their stake and 13 cut it.

The data comes from quarterly filings, the latest up to May 31, 2026.

Bought24
Sold13

3 left their stake unchanged.

Active funds
11 bought

8 sold

The list covers the largest reported shareholders, not the whole shareholder base, so the stakes do not add up to 100%.

Apple short interest: how much is being bet on a fall

Investors who expect the price to fall sell borrowed shares, planning to buy them back cheaper. The more of them there are, the bigger the bet on a decline.

Good sign

How many Apple shares are sold short?

0.96% of the free float

Only 0.96% of the Apple shares in the free float are sold short, or 140.5 million shares.

It would take 2.1 days of normal trading for all positions to be closed, so the risk of a short squeeze is low.

0%3%10%20%
  • Of the free floatThe share of freely traded stock that is sold short. Below 3% is normal; above 10% points to a big bet on a fall.
  • Days to coverHow many days of normal volume it would take for all short sellers to buy back their shares. Above 5-7 days, a sudden price jump can force them to buy in a hurry.
  • Shares sold shortThe number of shares borrowed and sold by investors betting on a falling price, at the latest report.
  • Short squeeze riskWhen the price jumps suddenly and short sellers have to buy back in a hurry, which pushes the price even higher.

Short positions are reported twice a month, so this figure is older than the price on the page. Latest report: July 16, 2026.

Which indices and ETFs include Apple stock

When a stock joins a major index, the funds that track that index buy it automatically. The more funds hold it, the steadier the demand for the stock.

Which stock market indices is Apple part of?

4 indices

Apple is part of the S&P 500, Dow Jones Industrial Average, NASDAQ Composite and NASDAQ 100.

Its largest weight is in the S&P 500, where it makes up 6.71% of the index.

Weight in the indexHow much of the index's total value the stock makes up. Where the source does not provide it, the weight is missing.
  • S&P 500
    6.71%
  • Dow Jones Industrial Average
    3.50%
  • NASDAQ Composite
    -
  • NASDAQ 100
    -

Which ETFs hold Apple stock?

14 ETFs

Its largest weight is in the Vanguard Growth ETF, where it makes up 11.53% of the fund.

The weight shows how much the stock counts for in each fund, not how much of the company the fund owns.

Weight in the fundHow much of the fund's assets are invested in the stock. Assets show the size of the fund, in US dollars.
  • Vanguard Growth ETFVUG · $222bn in assets
    11.53%
  • Technology Select Sector SPDRXLK · $118bn in assets
    11.53%
  • Invesco QQQ TrustQQQ · $471bn in assets
    7.10%
  • iShares Core S&P 500 UCITS (Xetra)SXR8 · $148bn in assets
    7.04%
  • SPDR S&P 500 ETF TrustSPY · $769bn in assets
    6.84%

Where it stands against the rest

Context & Comparisons

A number on its own says nothing. Here Apple Inc is placed next to its sector, its industry and the market, so every figure gets a position.

How Apple compares with the Technology sector

Apple belongs to the Technology sector, in the Consumer Electronics industry. Each metric is shown next to the median of companies in the sector and the industry.

How Apple compares with its sector.

Where the company ranks among its sector peers on every metric, from 0 to 100.

Create a free accountI already have an account

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Transparency · MAR

Companies comparable to Apple and its direct competitors

Two different lists: stocks with a profile similar to Apple, whatever their business, and companies that do the same thing, in the same industry.

Which stocks are most similar to Apple?

90.0% similar to Visa Inc. Class A

The closest in profile to Apple are Visa Inc. Class A, Mastercard Inc and Procter & Gamble Company.

Similarity comes from exposure to the same style factors, such as size, quality or volatility, not from the line of business. That is why companies from other sectors also appear. This is not a recommendation.

Similarity and scoreSimilarity, from 0 to 100%, shows how close the two stocks are on style factors. The score is our overall company score, from 0 to 100.
  • Visa Inc. Class A
    Visa Inc. Class AV · Financial Services
    90.0%
  • Mastercard Inc
    Mastercard IncMA · Financial Services
    89.7%
  • Procter & Gamble Company
    Procter & Gamble CompanyPG · Consumer Defensive
    87.4%
  • The Coca-Cola Company
    The Coca-Cola CompanyKO · Consumer Defensive
    87.1%
  • Microsoft Corporation
    Microsoft CorporationMSFT · Technology
    86.9%
  • GE Aerospace
    GE AerospaceGE · Industrials
    86.9%

Who are Apple's direct competitors?

5 companies in the Consumer Electronics industry

The closest in size is Sony Group Corp.

The list is sorted by company size, but market value is not shown: it comes in each market's own currency, so the figures cannot be compared.

ScoreOur overall score for each company, from 0 to 100, the same one the verdict comes from.
  • Sony Group CorpSONY · US
  • Sharetronic Data Technology Co Ltd300857.SHE · CN
  • Goertek Inc002241.SHE · CN
  • Xiaomi Corp ADRXIACY · US
  • Anker Innovations Technology Co Ltd
    Anker Innovations Technology Co Ltd300866.SHE · CN

How the price moves

Market & Momentum

So far this has been about the company. From here on it is about the share: how much it swings, how deep it fell, and whether the move was worth the risk.

Apple stock volatility: how much the price moves and how far it has fallen

How much Apple's share price swings, how it moves against the market and how deep its declines have been.

How volatile is Apple stock?

24.85% volatility over the past year

Over the past year, Apple stock had annualized volatility of 24.85%, and 26.49% over three years.

A beta of 1.13 shows how the stock moves against the market: when the market moves 10%, Apple has moved 11.3% on average.

How much the price moved day to day, over the last 90 sessions

On 16 of 90 days, the price moved by more than 2%. Largest one-day drop: -7.35%, largest rise: +4.84%.

When the market moves 10%, the stock moves on average

Market10%
Apple11.3%
  • Annualised volatility (1 year)How much the price swings over a year, as a standard deviation. Lower means a smoother ride, not necessarily a higher return.
  • Annualised volatility (3 years)How widely the price swings in a year, measured over the last three. Below 20% is calm; above 40% takes a strong stomach.
  • BetaAgainst the market, over 5 years. How strongly the share moves when the market moves. Below 1 is calmer than the market; above 1 amplifies its moves.
  • Downside betaOnly on days the market falls. How much the share moves against the market, measured ONLY on days the market falls. Lower than ordinary beta = falls less than it rises. Higher = amplifies the falls.
  • Beta over the last yearCalculated on the past year only. The same market sensitivity, but computed on the last twelve months only. Compared with long-term beta, it shows whether the share has turned choppier lately.
  • Raw betaWithout the adjustment toward 1. How much the share moves against the market, without the usual statistical adjustment. Above 1 = moves more than the market. This is the unsmoothed figure; adjusted beta is steadier.

How far has Apple stock fallen from its peak?

-43.80% largest decline

Apple stock's largest decline was 43.80%, and getting back to the previous peak took 451 days.

The price is at its peak right now: it is not below the highest price of the past year.

  • Maximum drawdownFrom peak to trough. The largest peak-to-trough fall over the period analysed. Smaller is easier to sit through.
  • Current drawdownHow far below the previous peak it is now. How far today’s price sits below the highest peak reached. Zero means it is at the peak. The deeper it is, the more there is to recover.
  • Distance from the 52-week highAgainst the highest price of the past year. How far the price sits below its highest level of the past 52 weeks. Near zero = at the high. Deeply negative = it has given up a lot from the peak.
  • Likely worst-case drawdownExceeded on only 5% of days. How deep the fall could be in the worst 5% of scenarios. Lower is better. It is a statistical estimate, not a guaranteed floor.
  • Ulcer index (1 year)How deep and how long the falls of the past year were, in a single figure. Lower is better: it measures discomfort, not just swing.
  • Ulcer index (3 years)How deep and how long the falls below previous peaks have been. Low means few long stretches spent below the peak.
  • Days to recoverUntil it got back to the peak. How many days the price needed to return to its peak after the largest fall. Fewer is better. Hundreds of days means patience was tested.

Volatility is calculated from daily prices, over the last year and the last three years. Beta compares the stock's moves with the market's over the last five years; one-year beta uses only the last twelve months. These measure the past, they are not forecasts. The histogram uses daily closing prices from the last three months.

Apple stock's risk-adjusted return

The same gain earned with wide or narrow swings is not worth the same. The figures below divide the return by the risk it was earned with.

Good sign

Was Apple stock worth the risk?

1.78 Sharpe ratio over one year

Yes. With a +34.45% return over 12 months and a Sharpe ratio of 1.78, Apple stock paid well for the risk taken.

Over three years, the Sharpe ratio is 0.65, so over the longer term the risk was paid less well than in the past year.

Risk ratiosEach divides the gain by a form of risk. The Sharpe and Sortino bars start from 0, the Omega bar from 1, the point where gains equal losses. Each row has its own scale. Below the one-year value you see the three-year value, where it exists.
  • Sharpe ratioReturn above the risk-free rate for each unit of volatility. Above 1 is good; above 2 is remarkable.
  • Sortino ratioLike Sharpe, but only penalising downward swings, not upward ones. Above 1.5 means good return relative to downside risk.
  • Omega ratioThe ratio of gains to losses over the past year, weighted by their size. Above 1 means the good side weighed more than the bad.
  • Total return, 12 monthsPast 12 months, with dividends. Gain over the past year, with dividends reinvested. Compared with the benchmark index, not in isolation.
  • Calmar ratioAgainst the largest decline. Annual return divided by the largest drawdown suffered. Above 0.5 is decent. It says how much return you got for each unit of pain.
  • Treynor ratioAgainst market risk, past year. Return above the risk-free rate divided by beta - against market risk, not total swing. Higher is better. Useful when the share is held in a portfolio rather than alone.

Each one relates the gain to a form of risk: Sharpe to total swings, Sortino only to the downside, Omega weighs gains against losses, Calmar uses the deepest fall, Treynor market risk. Thresholds used: Sharpe and Sortino above 1 good, 0 to 1 moderate, below 0 weak; Omega above 1 good, below 1 weak; Calmar above 0.5 good, 0 to 0.5 moderate, below 0 weak. Treynor has no general threshold, so we show it without a verdict. The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Apple stock trend: moving averages and oscillators

Where Apple's share price stands against its averages and how stretched the recent move is.

Is Apple stock in an uptrend?

4 of 4 trend signals pointing up

Yes. Apple's share price is above its 200-day average, and the 50-day average is above the 200-day one.

  • Above the 200-day averageWhether today’s price is above or below the long-term average. Above is read as a structural uptrend; below, a downtrend.
  • Short average above the long oneWhether the 50-day average is above the 200-day. When the short crosses above the long it is called a golden cross; the reverse, a death cross.
  • Moving-average crossover stateWhich average is on top, expressed as +1 or -1. +1 = short above long; -1 = the reverse.
  • Parabolic SAR directionThe direction signal given by the Parabolic SAR indicator. +1 = uptrend; -1 = downtrend.

The price over the last 91 sessions, with the 50-day average. The dashed line marks today's level of the 200-day average.

$353.70$267.12
June 1, 2026October 23, 2026
  • Current priceThe latest closing price in the daily data, the white line on the chart.
  • 50-day moving averageAverage price, last 50 days. The average price over the last fifty trading sessions. It is the short-term reference: price above it means a recent upward trend.
  • 200-day moving averageAverage price, last 200 days. The average price over the last two hundred sessions. It is the long-term reference, the most watched line in technical analysis.

Is Apple stock overbought?

68.78 14-day RSI

Not yet. An RSI of 68.78 is close to the 70 threshold, above which Apple stock would be considered overbought.

Trend strength (ADX) is 24.16, between 20 and 25: the move has a direction, but a weak one.

OscillatorsThey show how stretched the recent price move is. Each scale marks the usual thresholds from technical analysis. These are states with established names, not recommendations.
  • MACD lineDifference between the 12-day and 26-day averages. The gap between the 12-day and the 26-day exponential average - how fast direction is changing. Above the signal and rising means upward momentum.
  • MACD signal9-day average of the MACD line. The nine-day average of the MACD line. It is the threshold the line is read against. It is not judged on its own: what matters is whether the line is above or below it.
  • MACD histogramThe line minus the signal. The gap between the MACD line and its signal - how fast momentum is changing. Positive and rising = upward momentum; negative = downward momentum.
  • On-balance volume slope (50 days)Direction of volume, last 50 days. Where cumulative volume is heading over the last fifty sessions. Positive means more is being accumulated than distributed.
  • Relative strength index (RSI 14)Usual thresholds: 30 and 70. How fast the price rose or fell over the last fourteen days, on a scale from 0 to 100. Below 30 is considered oversold, above 70 overbought. In between, no signal.
  • Commodity channel index (CCI 20)Usual thresholds: -100 and 100. How far the price is from its twenty-day average, measured in typical deviations. Between -100 and +100 is normal; outside that, an unusual move against the recent pattern.
  • Position in the Bollinger bandBetween 0 and 1, the price is inside the band. Where the price sits between the lower band (0) and the upper band (1) of the volatility channel. Below 0 or above 1 means the price has left the channel - rare, and usually brief.
  • Trend strength (ADX 14)Above 25, the trend is clear. How clear the price direction is, whether it rises or falls. Above 25 = a clear trend; below 20 = it moves sideways.

The thresholds marked on the scales are the usual ones in technical analysis: 30 and 70 for RSI, ±100 for CCI, 0 and 1 for the Bollinger band, 20 and 25 for trend strength. They are widely used conventions, not rules. The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Who Apple stock is suited for

Each row is an investing style. The more checks Apple passes for a style, the better it suits people who invest that way. There is no right style.

Worth watching

What kind of investor is Apple stock right for?

20 of 29 checks passed

Apple best suits investors looking for a high-quality business and least suits those looking for a low price.

A failed check is not a flaw in itself: a growth company fails almost everything to do with value, and that is normal. What matters is the pattern, where it passes and where it fails, not the count on its own.

Strongest point
Quality

6 of 6

Weakest point
Value

0 of 5

The checksEach style has a few checks, each with a threshold. The bar shows how many of them the company passes. Open a style to see which pass and which fail.
ValueFor those looking for a low price against what the company produces0 of 5
  • Upside to fair valueHow much room there is between today’s price and the value computed from discounted cash flows. Positive means the model sees the share below its value.
  • Price / earnings (trailing 12 months)How many years of current profit you pay for one share. Judged against sector and growth rate, never in isolation.
  • Price / sales (trailing 12 months)How many times annual sales you pay for a share. Useful for companies without profit; judged against the sector, not in absolute terms.
  • Free cash flow yieldHow much free cash the company produces relative to its market value. Above ~5% is attractive; below 2% is expensive.
  • Margin of safetyHow far the market price sits below our fair-value estimate. Positive and wide means buying below value. Negative means paying above it.
QualityFor those looking for a business that earns well on the capital it uses6 of 6
  • Return on capital above its costWhether the return on invested capital exceeds the weighted average cost of capital. Above the cost of capital the company creates value; below, it destroys it.
  • Return on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
  • Net margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.
  • Competitive moatHow well defended the company’s position is against competitors. A wide moat means profit is harder to erode.
  • Piotroski F-scoreNine balance-sheet and profitability checks, one point for each one passed. Above 7 out of 9 is considered solid; below 3, weak.
  • Sloan ratioHow much of the profit comes from accounting accruals rather than cash received. Near zero is better: the profit shows up in the account, not just the report.
Financial healthFor those who want to sleep easy: low debt, solid balance sheet5 of 5
  • Warning flagsThe number of forensic flags raised by the reporting-quality models. Zero is what you want to see.
  • Debt / EBITDAHow many years of operating profit it would take to cover total debt. Below 3 is comfortable; above 4 becomes a burden.
  • Altman Z'' scoreStatistical model estimating bankruptcy risk, adapted for non-financial firms. Above 2.6 is the safe zone; below 1.1 is the distress zone.
  • Probability of default (Merton)Estimated chance the firm cannot service its debt over one year. Below 1% means negligible credit risk.
  • Behaviour in recessionHow the share behaved through recent economic contractions. A smaller fall than the market shows resilience.
GrowthFor those looking for revenue and profit rising year after year2 of 4
  • Earnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
  • Revenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
  • Rule of 40Revenue growth added to the profitability margin. Above 40 means a good balance between growth and profitability.
  • Analyst revisionsWhich way analysts have moved their estimates lately. Upward means expectations are rising.
DividendsFor those who want regular income, not just a rising price3 of 4
  • Dividend yield (trailing 12 months)Dividends paid over the past year against the current price. Judged together with sustainability, not on level alone.
  • Payout ratioHow much of the profit is paid out as dividend. Below 60% leaves room to grow; above 100% means the dividend exceeds the profit.
  • Streak of good reportsHow many quarters in a row the company has beaten expectations. A long streak shows predictability; a broken one, a change.
  • Total shareholder yieldDividends, buybacks and debt reduction taken together. The full picture of money returned to shareholders.
Momentum and performanceFor those who follow the recent trend in the price4 of 5
  • Beats, last yearHow many times over the last year the result came in above estimates. More beats suggest cautious estimates or good execution.
  • Beats, three yearsHow many times over the last three years the result came in above estimates. More beats suggest cautious estimates or good execution.
  • Beats, five yearsHow many times over the last five years the result came in above estimates. More beats suggest cautious estimates or good execution.
  • Price momentumThe direction and strength of the recent price move. Positive means the recent trend is upward.
  • Sharpe ratio (1 year)Return above the risk-free rate for each unit of volatility. Above 1 is good; above 2 is remarkable.

Transparency · MAR

In short

Frequently asked questions about Apple Inc (AAPL) stock

Short answers to the questions investors ask most about Apple, with figures as of October 23, 2026.

What is the Apple (AAPL) share price today?

$347.73

At the close on October 23, 2026, one Apple share cost $347.73. The price is at its 52-week high; the low over the period was $200.70. Compared with a year ago, the stock is up 56.6%.

See the full analysis

Does Apple pay a dividend?

0.30% a year

Yes, Apple pays a quarterly dividend: $1.05 per share over the last 12 months, a yield of 0.30% at today's price. The 0.30% yield is below the Technology sector median of 1.29%. It pays out 12.1% of its earnings as dividends. Apple has raised its dividend for 12 years in a row. The latest payment was $0.27 per share, with an ex-dividend date of May 11, 2026.

See the full analysis

Is Apple stock expensive?

P/E 39.4

At today's price, Apple shares trade at 39.4 times earnings (price-to-earnings ratio), compared with a median of 27.5 in the Technology sector. Investors are paying a 43% premium over the typical company in the sector, a sign they expect more from it than from the sector. Relative to sales, the stock trades at 10.9 times annual revenue, compared with 3.1 in the sector.

See the full analysis

Is Apple profitable?

27.2% margin

Yes. Apple keeps 27.2% of its revenue as net profit (net margin). Its return on invested capital (ROIC) is 65.0%.

See the full analysis

Are Apple’s revenue and earnings growing?

Revenue +6.4%

In its latest fiscal year, Apple grew revenue by 6.4% compared with 2024. Net income rose 19.5%. Over the past 5 years, revenue has grown by an average of 8.7% a year. Earnings per share have grown by an average of 17.9% a year over the same period.

See the full analysis

What is the analyst price target for Apple stock?

Target -3.3%

The average 12-month analyst price target for Apple shares is $316.76. The target is 3.3% below today's price. The estimate comes from 48 analysts, not from our analysis, and their average recommendation is “buy”, at 4.04 out of 5.

See the full analysis

When does Apple report earnings?

Apple has not yet announced the date of its next earnings report. Over the last 8 quarters, Apple beat earnings estimates every time.

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Does Apple have a lot of debt?

Debt 0.70x EBITDA

Apple carries $99.35 bn in financial debt, or 0.70 times its annual operating profit (EBITDA). That is below the sector median of 1.36, so the debt load is light for its industry. Cash and short-term investments of $54.70 bn cover 55% of that debt. Its Altman Z-score puts it in the safe zone, far from bankruptcy risk.

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How do you buy Apple (AAPL) shares?

AAPL

Apple shares trade on the Nasdaq in New York under the ticker AAPL, in US dollars. You buy them through a broker with access to this exchange: search for the ticker AAPL or the ISIN US0378331005 and place an order. Brokers with access to this exchange, from our comparison: eToro, Trading212 and XTB. AAPL trades Monday to Friday, from 9:30 to 16:00 New York time. Many brokers also offer fractional Apple shares, so you don't need $347.73 to get started. Because Apple is a US company, investors outside the US fill in form W-8BEN once, so the broker can apply their country's tax-treaty rate to US withholding on its dividends instead of the standard 30%.

Affiliate links: if you open an account, we may earn a commission at no cost to you. Investing involves the risk of losing money.

How risky is Apple stock?

Beta 1.13

Apple shares have a beta of 1.13, so the stock has moved roughly in line with the market: when the market moved 10%, it moved 11.3% on average. Its largest drop from a peak was 43.8%, and the recovery took 451 days. Volatility over the past year is 24.8%.

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Is Apple stock in an uptrend or a downtrend?

+19.9% vs 200-day average

Long term, it is trending up: Apple shares trade 19.9% above their 200-day average. The 50-day average is above the 200-day average, a sign the rise has lasted for several months.

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How much would you have made with Apple stock?

+1,446% in 10 years

Anyone who bought Apple shares 10 years ago has a total gain of 1,446% today, with dividends reinvested, or 31.5% a year. Over the past year, the gain was 67.0%.

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This information is educational and is not investment advice. Figures update together with the data on this page.

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