Operating Income for Apple (AAPL)
According to Apple's latest reported financial statements, the company's current operating income (TTM) is $147.37B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
AAPL
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$147.37B
YoY change
+8.0%
5Y CAGR
+15.0%
Peak year (2025)
$133.05B
Cumulative operating income
$1.23T
Operating Income history chart for Apple (AAPL) from 1985 to 2025
Operating Income history table for Apple (AAPL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $133.05B | +8.0% | ||
| 2024 | $123.22B | +7.8% | ||
| 2023 | $114.30B | -4.3% | ||
| 2022 | $119.44B | +9.6% | ||
| 2021 | $108.95B | +64.4% | ||
| 2020 | $66.29B | +3.7% | ||
| 2019 | $63.93B | -9.8% | ||
| 2018 | $70.90B | +15.6% | ||
| 2017 | $61.34B | +2.2% | ||
| 2016 | $60.02B | -15.7% | ||
| 2015 | $71.23B | +35.7% | ||
| 2014 | $52.50B | +7.2% | ||
| 2013 | $49.00B | -11.3% | ||
| 2012 | $55.24B | +63.5% | ||
| 2011 | $33.79B | +83.8% | ||
| 2010 | $18.39B | +56.6% | ||
| 2009 | $11.74B | +87.1% | ||
| 2008 | $6.28B | +42.3% | ||
| 2007 | $4.41B | +79.7% | ||
| 2006 | $2.45B | +49.3% | ||
| 2005 | $1.64B | +424.9% | ||
| 2004 | $313.00M | -31400.0% | ||
| 2003 | -$1.00M | -105.9% | ||
| 2002 | $17.00M | -104.9% | ||
| 2001 | -$344.00M | -165.9% | ||
| 2000 | $522.00M | +45.4% | ||
| 1999 | $359.00M | +37.5% | ||
| 1998 | $261.00M | -124.4% | ||
| 1997 | -$1.07B | -22.6% | ||
| 1996 | -$1.38B | -302.2% | ||
| 1995 | $684.00M | +31.0% | ||
| 1994 | $522.27M | +374.8% | ||
| 1993 | $110.00M | -86.3% | ||
| 1992 | $805.70M | +80.1% | ||
| 1991 | $447.30M | -37.2% | ||
| 1990 | $712.00M | +12.2% | ||
| 1989 | $634.30M | +2.3% | ||
| 1988 | $620.30M | +67.0% | ||
| 1987 | $371.50M | +35.8% | ||
| 1986 | $273.50M | +85.7% | ||
| 1985 | $147.30M | — |
Operating Income values are taken from Apple's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Apple (AAPL) came in at $133.05B – grew 8.0% year-over-year.
Apple operating income compound annual growth for the 2020–2025 (5 years) window is +15.0%, sustaining 2 straight years of year-over-year growth.
Across the available history, operating income reached its high of $133.05B in 2025 and its low of -$1.38B in 1996.
Within Technology, Apple (AAPL) ranks 2nd among 8 peers we track. The peer median for operating income is $21.58B.
Apple Operating Income by Year
Apple Operating Income 2025: $133.05B
Apple operating income in 2025 was $133.05B, grew 8.0% from 2024. This figure represents the highest annual value in the available history.
Apple Operating Income 2024: $123.22B
Apple operating income in 2024 was $123.22B, grew 7.8% from 2023.
Apple Operating Income 2023: $114.30B
Apple operating income in 2023 was $114.30B, edged down 4.3% below 2022.
Apple Operating Income 2022: $119.44B
Apple operating income in 2022 was $119.44B, grew 9.6% from 2021.
Apple Operating Income 2021: $108.95B
Apple operating income in 2021 was $108.95B.
See more financial history for Apple (AAPL).
Sector peers — Operating Income
Companies in the same sector as Apple, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| Oracle Corporation (ORCL) | $17.68B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is Apple's operating income?
- Latest reported operating income for Apple (AAPL) is $147.37B (period ending March 28, 2026).
How has Apple operating income changed year-over-year?
- Apple (AAPL) operating income changed +8.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Apple operating income?
- Apple (AAPL) operating income compound annual growth rate is +15.0% over the most recent 5 years available.
When did Apple operating income hit its highest annual value?
- Apple operating income reached its highest annual value of $133.05B in 2025.
What was Apple operating income in 2024?
- Apple (AAPL) operating income in 2024 was $123.22B.
What was Apple operating income in 2025?
- Apple (AAPL) operating income in 2025 was $133.05B.
Metrics overview
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