AAPL Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-03-30), AAPL reported revenue of $90.8B, gross profit of $42.3B (46.6% gross margin), operating income of $27.9B, and net income of $23.6B (26.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AAPL was profitable; revenue fell 24.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −24.1% | −30.3% | −2.3 pp |
Consensus estimate data is not available for this report.
AAPL Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $90.8B | 100% |
| Cost of Revenue | −$48.5B | 53.4% |
| Gross Profit | $42.3B | 46.6% |
| Research & Development | −$7.9B | 8.7% |
| Selling, General & Administrative | −$6.5B | 7.1% |
| Operating Income | $27.9B | 30.7% |
| Other Income, net | $158M | 0.2% |
| Income Tax Expense | −$4.4B | 4.9% |
| Net Income | $23.6B | 26.0% |
Source: original SEC filing (filed 2024-05-02). Accession 0000320193-24-000067. Data normalized by EarningsFyi.