Apple Past Earnings Performance

Past criteria checks 3/6

Apple has been growing earnings at an average annual rate of 13.9%, while the Tech industry saw earnings growing at 29% annually. Revenues have been growing at an average rate of 9.8% per year. Apple's return on equity is 135.3%, and it has net margins of 26.3%.

Key information

13.9%

Earnings growth rate

17.3%

EPS growth rate

Tech Industry Growth14.3%
Revenue growth rate9.8%
Return on equity135.3%
Net Margin26.3%
Last Earnings Update30 Mar 2024

Recent past performance updates

Recent updates

Apple: Don't Bet Against The iPhone (Rating Downgrade)

Jun 16

Wall Street Brunch: Who Holds Sway? Powell Or Cook?

Jun 09

Apple: Relatively Immune From AI Disruption

May 29

Apple May Have 'Jumped The Shark' In Q2 - Here's A Put Option Opportunity

May 17

Apple: According To My Estimates, 72.3M iPhones Will Need To Be Replaced This Year

May 08

Here's What Analysts Are Forecasting For Apple Inc. (NASDAQ:AAPL) After Its Second-Quarter Results

May 07
Here's What Analysts Are Forecasting For Apple Inc. (NASDAQ:AAPL) After Its Second-Quarter Results

Sell Apple Before Earnings? Why The Best Days Could Be Over

May 02

A Look At The Fair Value Of Apple Inc. (NASDAQ:AAPL)

Apr 30
A Look At The Fair Value Of Apple Inc. (NASDAQ:AAPL)

High-Quality Dividend Growth Near 52-Week Lows: Apple Is Attractive

Apr 21

We Think Apple (NASDAQ:AAPL) Can Manage Its Debt With Ease

Apr 16
We Think Apple (NASDAQ:AAPL) Can Manage Its Debt With Ease

Apple's Technical Climb To $240 By Year-End

Apr 15

Apple: Don't Worry About Short-Term Concerns

Apr 09

Risks To Shareholder Returns Are Elevated At These Prices For Apple Inc. (NASDAQ:AAPL)

Apr 02
Risks To Shareholder Returns Are Elevated At These Prices For Apple Inc. (NASDAQ:AAPL)

Apple: Issues Are Overblown But Outlook Is Uncertain

Apr 01

Apple Stock: Cupertino, We Have A Problem

Mar 25

Here's Why Apple (NASDAQ:AAPL) Has Caught The Eye Of Investors

Mar 20
Here's Why Apple (NASDAQ:AAPL) Has Caught The Eye Of Investors

Apple: My Dark Horse Of The Magnificent 7 Could Lead The Pack In The Second Half

Mar 19

Apple: The Stock May Be Broken

Mar 13

Wall Street Lunch: EU Fines Apple Over Music Streaming Rules

Mar 04

Apple: Uninspiring Growth Outlook

Feb 27

Here's Why Shareholders May Want To Be Cautious With Increasing Apple Inc.'s (NASDAQ:AAPL) CEO Pay Packet

Feb 22
Here's Why Shareholders May Want To Be Cautious With Increasing Apple Inc.'s (NASDAQ:AAPL) CEO Pay Packet

Apple Still Has A China Problem

Feb 18

Apple: Hitting The Mark, Time For A Breather (Technical Analysis, Downgrade)

Feb 08

Apple Inc. (NASDAQ:AAPL) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Feb 06
Apple Inc. (NASDAQ:AAPL) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Apple Still Spinning Its Wheels

Feb 01

Apple Problem: It's Underperforming The Index (Technical Analysis, Downgrade)

Jan 26

Estimating The Intrinsic Value Of Apple Inc. (NASDAQ:AAPL)

Jan 21
Estimating The Intrinsic Value Of Apple Inc. (NASDAQ:AAPL)

Apple: Time To Face The Harsh Reality (Downgrade)

Jan 18

Amazon And Apple Look To New Findings To Expand Competitive Streaming Advantages In 2024

Jan 12

Is It Time To Consider Buying Apple Inc. (NASDAQ:AAPL)?

Jan 05
Is It Time To Consider Buying Apple Inc. (NASDAQ:AAPL)?

Apple Inc.'s (NASDAQ:AAPL) Shareholders Might Be Looking For Exit

Dec 21
Apple Inc.'s (NASDAQ:AAPL) Shareholders Might Be Looking For Exit

Revenue & Expenses Breakdown

How Apple makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGS:AAPL Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Mar 24381,623100,38925,37830,348
30 Dec 23385,706100,91325,11129,902
30 Sep 23383,28596,99524,93229,915
01 Jul 23383,93394,76025,22129,369
01 Apr 23385,09594,32125,26028,724
31 Dec 22387,53795,17125,25227,654
24 Sep 22394,32899,80325,09426,251
25 Jun 22387,54299,63324,27025,262
26 Mar 22386,017101,93523,67024,182
25 Dec 21378,323100,55522,79123,057
25 Sep 21365,81794,68021,97321,914
26 Jun 21347,15586,80221,29321,120
27 Mar 21325,40676,31120,71220,161
26 Dec 20294,13563,93020,35019,464
26 Sep 20274,51557,41119,91618,752
27 Jun 20273,85758,42419,55817,884
28 Mar 20267,98157,21519,15317,383
28 Dec 19267,68357,52718,65916,766
28 Sep 19260,17455,25618,24516,217
29 Jun 19259,03455,69517,88315,857
30 Mar 19258,49057,17017,56515,301
29 Dec 18261,61259,43117,25714,731
29 Sep 18265,59559,53116,70514,236
30 Jun 18255,27456,12016,30313,483
31 Mar 18247,41753,31815,97812,719
30 Dec 17239,17650,52515,54612,117
30 Sep 17229,23448,35115,26111,581
01 Jul 17223,50746,65114,92911,154
01 Apr 17220,45745,73014,58710,777
31 Dec 16218,11845,21714,29210,512
24 Sep 16215,63945,68714,19410,045
25 Jun 16220,28847,79714,4179,695
26 Mar 16227,53550,67814,5409,169
26 Dec 15234,98853,73114,5778,576
26 Sep 15233,71553,39414,3298,067
27 Jun 15224,33750,73713,7827,533
28 Mar 15212,16447,80813,0687,102
27 Dec 14199,80044,46212,5406,606
27 Sep 14182,79539,51011,9936,041
28 Jun 14178,14438,55511,5085,523
29 Mar 14176,03537,70711,3035,098
28 Dec 13173,99237,03111,0434,795
28 Sep 13170,91037,03710,8304,475
29 Jun 13169,40437,74810,7084,213

Quality Earnings: AAPL has high quality earnings.

Growing Profit Margin: AAPL's current net profit margins (26.3%) are higher than last year (24.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: AAPL's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: AAPL's earnings growth over the past year (6.4%) is below its 5-year average (13.9% per year).

Earnings vs Industry: AAPL earnings growth over the past year (6.4%) did not outperform the Tech industry 47.2%.


Return on Equity

High ROE: Whilst AAPL's Return on Equity (135.31%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


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