Apple earned $112.01 billion in net income during fiscal year 2025 (ending September), a 19.5% jump over the prior year. Trailing twelve-month earnings through December 2025 reached $117.8 billion. That makes Apple one of the most profitable public companies, ahead of peers like Microsoft and Alphabet.
Earnings of Apple
Apple Net Income (1985–2025)
Net Income (Positive)
Net Loss (Negative)
Annual Earnings Of Apple
| Fiscal Year | Net Income | YoY Change |
|---|---|---|
| 2016 | $45.69B | -14.43% |
| 2017 | $48.35B | +5.83% |
| 2018 | $59.53B | +23.12% |
| 2019 | $55.26B | -7.18% |
| 2020 | $57.41B | +3.89% |
| 2021 | $94.68B | +64.92% |
| 2022 | $99.80B | +5.41% |
| 2023 | $97.00B | -2.81% |
| 2024 | $93.74B | -3.36% |
| 2025 | $112.01B | +19.50% |
Apple P/E Ratio
| Year | Year-End P/E Ratio | YoY Change |
|---|---|---|
| 2016 | 13.53 | +8.58% |
| 2017 | 17.96 | +32.74% |
| 2018 | 12.59 | -29.90% |
| 2019 | 23.61 | +87.53% |
| 2020 | 39.30 | +66.45% |
| 2021 | 30.76 | -21.73% |
| 2022 | 20.70 | -32.70% |
| 2023 | 30.86 | +49.08% |
| 2024 | 40.44 | +31.04% |
| 2025 | 35.89 | -11.25% |
