Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
AAPLApple Inc.
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Apple made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Apple filed it, with what each one means in plain English.
As filed with the SEC on Nov 3, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- cost of making what it sold: $51
- running costs: $16
- other income and costs: $0 added
- income tax: $6
- kept as profit: $27.6
Every line, explained
| Line (tap for what it means) | 12 months to Sep 26, 2026 | 12 months to Sep 27, 2025 | 12 months to Sep 28, 2024 |
|---|---|---|---|
| $478.8B▲ 15% | $416.2B | $391.0B | |
| $245.2B▲ 11% | $221.0B | $210.4B | |
| $233.6B▲ 20% | $195.2B | $180.7B | |
| Operating expenses | |||
| $45.8B▲ 32% | $34.5B | $31.4B | |
| $29.8B▲ 7.9% | $27.6B | $26.1B | |
| $75.5B▲ 22% | $62.2B | $57.5B | |
| $158.1B▲ 19% | $133.1B | $123.2B | |
| $1.2B | −$321.0M | $269.0M | |
| $159.2B▲ 20% | $132.7B | $123.5B | |
| $27.1B▲ 31% | $20.7B | $29.7B | |
| $132.2B▲ 18% | $112.0B | $93.7B | |
| Earnings per share | |||
| $9.01▲ 20% | $7.49 | $6.11 | |
| $8.98▲ 20% | $7.46 | $6.08 | |
| Shares used in computing earnings per share | |||
| 14.7B shares▼ 1.9% | 14.9B shares | 15.3B shares | |
| 14.7B shares▼ 1.9% | 15.0B shares | 15.4B shares | |
Split by Products, Services
| Products | |||
|---|---|---|---|
| Sales (Net sales) | $355.5B | $307.0B | $294.9B |
| Cost of making what it sold (Cost of sales) | $215.9B | $194.1B | $185.2B |
| Services | |||
| Sales (Net sales) | $123.3B | $109.2B | $96.2B |
| Cost of making what it sold (Cost of sales) | $29.4B | $26.8B | $25.1B |
Every line as the company filed it (USD ($), shares in Thousands, $ in Millions), shown in full dollars. See this statement on SEC.
Extra: What other gains and losses were there?Statement of comprehensive income: Profit, plus gains and losses that skip the income statement.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
Every line, explained
| Line (tap for what it means) | 12 months to Sep 26, 2026 | 12 months to Sep 27, 2025 | 12 months to Sep 28, 2024 |
|---|---|---|---|
| Statement of Comprehensive Income | |||
| $132.2B | $112.0B | $93.7B | |
| Other comprehensive income/(loss) | |||
| $12.0M | −$267.0M | $395.0M | |
| Change in unrealized gains/losses on derivative instruments, net of tax | |||
| $539.0M | $849.0M | – | |
| – | – | −$832.0M | |
| $5.0M | −$212.0M | – | |
| – | – | −$1.3B | |
| $544.0M | $637.0M | – | |
| – | – | −$2.2B | |
| Change in unrealized gains/losses on marketable debt securities, net of tax | |||
| −$1.5B | $817.0M | $5.8B | |
| $57.0M | $414.0M | $204.0M | |
| −$1.4B | $1.2B | $6.1B | |
| −$851.0M | $1.6B | $4.3B | |
| $131.3B | $113.6B | $98.0B | |