Apple Inc. AAPL

Apple · Technology - Consumer Electronics

340.42+1.11%last price

Key figures - latest quarter Q3 2026 (27/06/2026) · USD

Revenue109.4B
Net income29.8BMargin 27.2%
EPS2.02
Total assets383.3B
Equity107.5B28% of assets
Cash39.5B
EPS, last 12 months8.71

Financial ratios income: last 4 quarters

Valuation

Market cap4968.2BUSD
P/E39.1last 12 months
Forward P/E35.5analysts' forecast
Price / book46.25
Price / sales10.64
Dividend yield0.32%1.08 per share a year
Payout ratio12.0%
Beta1.09

Profitability

Gross margin48.7%
Operating margin33.2%
Net margin27.6%
Return on equity119.9%
Return on assets33.6%

Financial strength

Current ratio1.00
Quick ratio0.93
Liabilities / equity2.56
Equity / assets28.1%

Valuation ratios use the site's last quote.

Financial statements in millions USD, EPS in currency units

RevenueNet income
416.2B208.1B02021 · Revenue: 365,817M USD2021 · Net income: 94,680M USD20212022 · Revenue: 394,328M USD2022 · Net income: 99,803M USD20222023 · Revenue: 383,285M USD2023 · Net income: 96,995M USD20232024 · Revenue: 391,035M USD2024 · Net income: 93,736M USD20242025 · Revenue: 416,161M USD2025 · Net income: 112,010M USD2025
202509/2025202409/2024202309/2023202209/2022202109/2021
Income statement
Revenue416,161391,035383,285394,328365,817
Revenue growth+6.4%+2.0%-2.8%+7.8%–
Gross profit195,201180,683169,148170,782152,836
Operating income133,050123,216114,301119,437108,949
Income before tax132,729123,485113,736119,103109,207
Net income112,01093,73696,99599,80394,680
Net margin26.9%24.0%25.3%25.3%25.9%
Earnings per share7.466.086.136.115.61
Balance sheet
Cash35,93429,94329,96523,64634,940
Current assets147,957152,987143,566135,405134,836
Total assets359,241364,980352,583352,755351,002
Current liabilities165,631176,392145,308153,982125,481
Total liabilities285,508308,030290,437302,083287,912
Shareholders' equity73,73356,95062,14650,67263,090
Current ratio0.890.870.990.881.07
Debt to equity3.875.414.675.964.56
Cash flow
From operations111,482118,254110,543122,151104,038
From investing15,1952,9353,705-22,354-14,545
From financing-120,686-121,983-108,488-110,749-93,353

Year = the company's fiscal year. "–" = not reported. Source: SEC (US), Yahoo (Israel).

Analyst recommendations

Analyst consensusBuy
Mean price target328.09

39 analysts. strong buy 6, buy 19, hold 13, sell 3, strong sell 3. price target: mean 328.09, low 215, high 405

DateFirmActionRatingTargetDetails
01/10/2026Morgan StanleyMaintainsOverweight355Price target: 360 -> 355 (Lowers)
01/10/2026NeedhamReiteratesHold–
29/09/2026Morgan StanleyReiteratesOverweight360Price target: 360 (Maintains)
23/09/2026B of A SecuritiesReiteratesBuy370Price target: 370 (Maintains)
18/09/2026Evercore ISI GroupMaintainsOutperform380Price target: 365 -> 380 (Raises)
17/09/2026B of A SecuritiesReiteratesBuy370Price target: 370 (Maintains)
10/09/2026TD CowenReiteratesBuy400Price target: 400 (Maintains)
10/09/2026RosenblattMaintainsNeutral303Price target: 303 (Maintains)
10/09/2026B of A SecuritiesMaintainsBuy370Price target: 380 -> 370 (Lowers)
08/09/2026HSBCReiteratesBuy366Price target: 366 (Maintains)
08/09/2026NeedhamReiteratesHold–
02/09/2026Morgan StanleyReiteratesOverweight360Price target: 360 (Maintains)
02/09/2026DA DavidsonMaintainsNeutral270Price target: 270 (Maintains)
01/09/2026RosenblattMaintainsNeutral303Price target: 300 -> 303 (Raises)
17/08/2026Rothschild & CoUpgradeBuy400Previous rating: Neutral. Price target: 260 -> 400 (Raises)
10/08/2026JefferiesDowngradeUnderperform263.66Previous rating: Hold. Price target: 285.56 -> 263.66 (Lowers)
04/08/2026China RenaissanceDowngradeHold280Previous rating: Buy. Price target: 280 (Announces)
31/07/2026JP MorganMaintainsOverweight340Price target: 345 -> 340 (Lowers)
31/07/2026TD CowenMaintainsBuy400Price target: 350 -> 400 (Raises)
31/07/2026DA DavidsonMaintainsNeutral270Price target: 270 (Maintains)
31/07/2026Wells FargoMaintainsOverweight350Price target: 310 -> 350 (Raises)
31/07/2026NeedhamReiteratesHold–
31/07/2026RosenblattMaintainsNeutral300Price target: 276 -> 300 (Raises)
31/07/2026BarclaysMaintainsUnderweight245Price target: 253 -> 245 (Lowers)
31/07/2026Goldman SachsMaintainsBuy360Price target: 370 -> 360 (Lowers)
31/07/2026Morgan StanleyMaintainsOverweight360Price target: 364 -> 360 (Lowers)
30/07/2026BairdMaintainsOutperform330Price target: 330 (Maintains)
30/07/2026Argus ResearchMaintainsBuy375Price target: 375 (Maintains)
23/07/2026Morgan StanleyMaintainsOverweight364Price target: 360 -> 364 (Raises)
17/07/2026HSBCUpgradeBuy366Previous rating: Hold. Price target: 260 -> 366 (Raises)

Major holders

HolderPercentSharesValue (millions)Reported
Institutions
Blackrock Inc.7.97%1,162,996,939388,080.530/06/2026
Vanguard Capital Management LL6.57%959,107,911320,044.730/06/2026
State Street Corporation4.21%615,129,929205,262.730/06/2026
Geode Capital Management, LLC2.54%371,336,543123,911.330/06/2026
Vanguard Portfolio Management2.29%334,119,156111,492.230/06/2026
FMR, LLC2.23%325,348,754108,565.630/06/2026
Morgan Stanley1.66%242,614,23880,957.930/06/2026
JPMORGAN CHASE & CO1.57%228,762,00876,335.630/06/2026
Berkshire Hathaway, Inc1.56%227,917,80876,053.930/06/2026
NORGES BANK1.31%190,726,86663,643.630/06/2026
Funds
Vanguard Total Stock Market In3.19%466,272,244155,590.430/06/2026
Vanguard 500 Index Fund2.61%380,610,709127,00630/06/2026
iShares Core S&P 500 ETF1.34%195,583,63265,264.331/08/2026
Fidelity 500 Index Fund1.30%189,922,87363,375.431/07/2026
State Street SPDR S&P 500 ETF1.23%179,710,41359,967.631/08/2026
Vanguard Growth Index Fund1.05%152,961,84251,041.830/06/2026
Invesco QQQ Trust, Series 10.78%114,447,94338,190.131/08/2026
Vanguard Information Technolog0.55%80,206,22426,76431/05/2026
Vanguard Institutional Index F0.55%79,732,73026,60630/06/2026
State Street Technology Select0.33%47,949,13516,000.131/08/2026
Insiders
Levinson Arthur D0.03%3,755,580–27/05/2026
Cook Timothy D0.02%3,280,420–02/04/2026
Khan Sabih0.01%1,105,530–01/04/2026
Williams Jeffrey E–390,059–02/04/2025
Adams Katherine L–175,408–12/11/2025
O'brien Deirdre–136,810–02/04/2026
Sugar Ronald D–110,566–30/01/2026
Maestri Luca–107,788–04/10/2024
Jung Andrea–77,664–30/01/2026
Wagner Susan L–69,788–30/01/2026