Apple Past Earnings Performance
Past criteria checks 2/6
Apple has been growing earnings at an average annual rate of 11.7%, while the Tech industry saw earnings growing at 25.5% annually. Revenues have been growing at an average rate of 8.3% per year. Apple's return on equity is 164.6%, and it has net margins of 24%.
Key information
11.7%
Earnings growth rate
14.7%
EPS growth rate
| Tech Industry Growth | 14.3% |
| Revenue growth rate | 8.3% |
| Return on equity | 164.6% |
| Net Margin | 24.0% |
| Last Earnings Update | 28 Sep 2024 |
Recent past performance updates
Recent updates
Buffett Keeps Selling Apple -- Should You, Too?
Nov 20Investors Can Find Comfort In Apple's (NASDAQ:AAPL) Earnings Quality
Nov 14
Apple's Q4 And FY 2024: A Superb Business Trading At A Real Overvaluation
Nov 14Apple: Time To Exit As Buffett Sells (Again) Amid China Woes
Nov 06Analysts Are Updating Their Apple Inc. (NASDAQ:AAPL) Estimates After Its Full-Year Results
Nov 02Apple: Looking At Arguments For A Strong Earnings Report
Oct 31Apple: Sluggish Growth Numbers Can Change The Narrative
Oct 24Calculating The Fair Value Of Apple Inc. (NASDAQ:AAPL)
Oct 23Can Apple's Services Segment Offset iPhone Weakness? (Rating Upgrade)
Oct 17Apple: High Valuation Does Not Account For The Risks
Oct 11When Should You Buy Apple Inc. (NASDAQ:AAPL)?
Oct 10Apple Might Be Tempting Ahead Of Q4, But A Correction Is Coming
Oct 04Apple Likely To Gain In The Holiday Quarter
Sep 28Apple: Risk From Trifold Smartphone Market
Sep 22Apple: Not Ready To Glow Up
Sep 16Wall Street Brunch: 'It's Glowtime' For Apple
Sep 08Why I Believe Apple's Stock Deserves Substantial Upside
Aug 25These 4 Measures Indicate That Apple (NASDAQ:AAPL) Is Using Debt Safely
Aug 22Apple: Red Flags Are Piling Up (Rating Downgrade)
Aug 19Apple: Apple Intelligence Taking The Center Stage
Aug 12Apple: Don't Blindly Follow Buffett's Dump
Aug 05Apple Inc. (NASDAQ:AAPL) Investors Are Less Pessimistic Than Expected
Jul 29Apple: A Buy Into Q3 Earnings, Refresh Cycle Supports The New Growth Story
Jul 29Apple Q3 Preview: Bears, Get Ready For Another iPhone Lesson
Jul 22Apple Stock: Time To Sell (Downgrade)
Jul 16Revenue & Expenses Breakdown
How Apple makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 28 Sep 24 | 391,035 | 93,736 | 26,097 | 31,370 |
| 29 Jun 24 | 385,603 | 101,956 | 25,725 | 30,912 |
| 30 Mar 24 | 381,623 | 100,389 | 25,378 | 30,348 |
| 30 Dec 23 | 385,706 | 100,913 | 25,111 | 29,902 |
| 30 Sep 23 | 383,285 | 96,995 | 24,932 | 29,915 |
| 01 Jul 23 | 383,933 | 94,760 | 25,221 | 29,369 |
| 01 Apr 23 | 385,095 | 94,321 | 25,260 | 28,724 |
| 31 Dec 22 | 387,537 | 95,171 | 25,252 | 27,654 |
| 24 Sep 22 | 394,328 | 99,803 | 25,094 | 26,251 |
| 25 Jun 22 | 387,542 | 99,633 | 24,270 | 25,262 |
| 26 Mar 22 | 386,017 | 101,935 | 23,670 | 24,182 |
| 25 Dec 21 | 378,323 | 100,555 | 22,791 | 23,057 |
| 25 Sep 21 | 365,817 | 94,680 | 21,973 | 21,914 |
| 26 Jun 21 | 347,155 | 86,802 | 21,293 | 21,120 |
| 27 Mar 21 | 325,406 | 76,311 | 20,712 | 20,161 |
| 26 Dec 20 | 294,135 | 63,930 | 20,350 | 19,464 |
| 26 Sep 20 | 274,515 | 57,411 | 19,916 | 18,752 |
| 27 Jun 20 | 273,857 | 58,424 | 19,558 | 17,884 |
| 28 Mar 20 | 267,981 | 57,215 | 19,153 | 17,383 |
| 28 Dec 19 | 267,683 | 57,527 | 18,659 | 16,766 |
| 28 Sep 19 | 260,174 | 55,256 | 18,245 | 16,217 |
| 29 Jun 19 | 259,034 | 55,695 | 17,883 | 15,857 |
| 30 Mar 19 | 258,490 | 57,170 | 17,565 | 15,301 |
| 29 Dec 18 | 261,612 | 59,431 | 17,257 | 14,731 |
| 29 Sep 18 | 265,595 | 59,531 | 16,705 | 14,236 |
| 30 Jun 18 | 255,274 | 56,120 | 16,303 | 13,483 |
| 31 Mar 18 | 247,417 | 53,318 | 15,978 | 12,719 |
| 30 Dec 17 | 239,176 | 50,525 | 15,546 | 12,117 |
| 30 Sep 17 | 229,234 | 48,351 | 15,261 | 11,581 |
| 01 Jul 17 | 223,507 | 46,651 | 14,929 | 11,154 |
| 01 Apr 17 | 220,457 | 45,730 | 14,587 | 10,777 |
| 31 Dec 16 | 218,118 | 45,217 | 14,292 | 10,512 |
| 24 Sep 16 | 215,639 | 45,687 | 14,194 | 10,045 |
| 25 Jun 16 | 220,288 | 47,797 | 14,417 | 9,695 |
| 26 Mar 16 | 227,535 | 50,678 | 14,540 | 9,169 |
| 26 Dec 15 | 234,988 | 53,731 | 14,577 | 8,576 |
| 26 Sep 15 | 233,715 | 53,394 | 14,329 | 8,067 |
| 27 Jun 15 | 224,337 | 50,737 | 13,782 | 7,533 |
| 28 Mar 15 | 212,164 | 47,808 | 13,068 | 7,102 |
| 27 Dec 14 | 199,800 | 44,462 | 12,540 | 6,606 |
| 27 Sep 14 | 182,795 | 39,510 | 11,993 | 6,041 |
| 28 Jun 14 | 178,144 | 38,555 | 11,508 | 5,523 |
| 29 Mar 14 | 176,035 | 37,707 | 11,303 | 5,098 |
| 28 Dec 13 | 173,992 | 37,031 | 11,043 | 4,795 |
Quality Earnings: AAPL has high quality earnings.
Growing Profit Margin: AAPL's current net profit margins (24%) are lower than last year (25.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AAPL's earnings have grown by 11.7% per year over the past 5 years.
Accelerating Growth: AAPL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AAPL had negative earnings growth (-3.3%) over the past year, making it difficult to compare to the Tech industry average (29.3%).
Return on Equity
High ROE: Whilst AAPL's Return on Equity (164.59%) is outstanding, this metric is skewed due to their high level of debt.