Apple (AAPL) FY2024 results: revenue $391.0 billion, up 2.0% on the year
Apple Inc. (AAPL) reported revenue of $391.0 billion for fiscal 2024, the year ended 28 September 2024, up 2.0% on the year before. Net income was $93.7 billion, down 3.4%, and diluted earnings per share $6.08. The figures are the company's own, from the 10-K it filed with the SEC on 1 November 2024.
Revenue
$391.0 billion
+2.0% on the year
FY2017FY2024
Operating margin
31.5%
29.8% a year earlier
FY2017FY2024
Net income
$93.7 billion
-3.4% on the year
FY2017FY2024
Diluted EPS
$6.08
-0.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
118,254
110,543
122,151
+7.0%
Capital expenditure
9,447
10,959
10,708
-13.8%
Free cash flow
108,807
99,584
111,443
+9.3%
Free cash flow margin
27.8%
26.0%
28.3%
Cash from investing
2,935
3,705
-22,354
-20.8%
Cash from financing
-121,983
-108,488
-110,749
Depreciation and amortisation
11,445
11,519
11,104
-0.6%
Share-based compensation
11,688
10,833
9,038
+7.9%
Buybacks
94,949
77,550
89,402
+22.4%
Dividends paid
15,234
15,025
14,841
+1.4%
Dividend per share
$0.98
$0.94
$0.90
+4.3%
Diluted shares, weighted
15,408m
15,813m
16,326m
-2.6%
Shares outstanding at period end
15,117m
15,550m
15,943m
-2.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
56,950
62,146
50,672
-8.4%
Debt
106,629
111,088
120,069
-4.0%
Operating lease liabilities
10,046
10,408
9,936
-3.5%
Finance lease liabilities
752
859
812
-12.5%
Other liabilities
190,603
168,082
171,266
+13.4%
Total liabilities and equity
364,980
352,583
352,755
+3.5%
Fixed assets
45,680
43,715
42,117
+4.5%
Investments
126,707
132,134
145,463
-4.1%
Cash and equivalents
29,943
29,965
23,646
-0.1%
Receivables
33,410
29,508
28,184
+13.2%
Inventory
7,286
6,331
4,946
+15.1%
Other assets
121,954
110,930
108,399
+9.9%
Total assets
364,980
352,583
352,755
+3.5%
10-K for the year ended 28 September 2024, filed 1 November 2024: the filing.