AAPL Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-09-30), AAPL reported revenue of $89.5B, gross profit of $40.4B (45.2% gross margin), operating income of $27.0B, and net income of $23.0B (25.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AAPL was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
AAPL Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $89.5B | 100% |
| Cost of Revenue | −$49.1B | 54.8% |
| Gross Profit | $40.4B | 45.2% |
| Research & Development | −$7.3B | 8.2% |
| Selling, General & Administrative | −$6.2B | 6.9% |
| Operating Income | $27.0B | 30.1% |
| Other Income, net | $29M | 0.0% |
| Income Tax Expense | −$4.0B | 4.5% |
| Net Income | $23.0B | 25.6% |
Source: original SEC filing (filed 2023-11-02). Accession 0000320193-23-000104. Data normalized by EarningsFyi.