AAPL Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-09-28), AAPL reported revenue of $94.9B, gross profit of $43.9B (46.2% gross margin), operating income of $29.6B, and net income of $14.7B (15.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AAPL was profitable; revenue grew 6.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +6.1% | −35.8% | −10.1 pp |
| Quarter over quarter | +10.7% | −31.3% | −9.5 pp |
Consensus estimate data is not available for this report.
AAPL Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $94.9B | 100% |
| Cost of Revenue | −$51.1B | 53.8% |
| Gross Profit | $43.9B | 46.2% |
| Research & Development | −$7.8B | 8.2% |
| Selling, General & Administrative | −$6.5B | 6.9% |
| Operating Income | $29.6B | 31.2% |
| Other Income, net | $19M | 0.0% |
| Income Tax Expense | −$14.9B | 15.7% |
| Net Income | $14.7B | 15.5% |
Source: original SEC filing (filed 2024-10-31). Accession 0000320193-24-000120. Data normalized by EarningsFyi.