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Apple AAPL Q3 2024 earnings

Reported August 1, 2024 · After market close

Revenue$85.8BBeat by $1.3BDiluted EPS$1.40Beat by $0.06
Revenue estimate$84.5B
EPS estimate$1.34

Next report

Jul 30, 2026 (In 3 weeks)
Revenue estimate$108.86B
EPS estimate$1.88

Financials

Q3 2024

Income statement

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Revenue$85.8B+4.9%
Gross profit$39.7B+9.0%
Operating income$25.4B+10.2%
Net income$21.4B+7.9%
EPS (diluted)$1.40+11.1%

Balance sheet

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Cash & equivalents$26.6B-10.9%
Total debt$98.3B-6.6%
Total equity$66.7B+10.7%
Total assets$331.61B-1.0%

Cash flow

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Operating cash flow$28.9B+9.4%
CapEx$2.2B+2.8%
Free cash flow$26.7B+10.0%

Valuation & ratios

Valuation

as of 06/29/24
See full
Market cap$3.23T+5.9%
Enterprise value$3.3T+5.6%
P/E31.7×-0.5×
P/S8.4×+0.4×

Profitability

See full
Gross margin46%+2.5pp
Operating margin31.3%+2.0pp
Net margin26.4%+1.8pp
FCF margin27.1%+0.8pp

Returns & leverage

See full
Return on equity160.6%+0.5pp
Debt / equity1.5×-0.3×
Current ratio1×0.0×

Segments

By segment

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Americas$37.7B+6.5%
Europe$21.9B+8.3%
Greater China$14.7B-6.5%
Rest of Asia Pacific$6.4B+13.5%
Japan$5.1B+5.7%

By product

See full
iPhone$39.3B-0.9%
Services$24.2B+14.1%
Wearables, Home and Accessories$8.1B-2.3%
iPad$7.2B+23.7%
Mac$7.0B+2.5%

By geography

See full
Other countries$45.5B+5.7%

Versus estimates

Revenue

Q2 2026$111.18BBeat by $1.7BQ1 2026$143.76BBeat by $5.4BQ4 2025$102.47BBeat by $238.9MQ3 2025$94.0BBeat by $4.5BQ2 2025$95.4BBeat by $816.8MQ1 2025$124.30BIn line

Diluted EPS

Q2 2026$2.01Beat by $0.09Q1 2026$2.85Beat by $0.18Q4 2025$1.85Beat by $0.12Q3 2025$1.57Beat by $0.13Q2 2025$1.65Beat by $0.02Q1 2025$2.40Beat by $0.04

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Questions, answered.

When did Apple report Q3 2024 earnings?
Apple (AAPL) reported Q3 2024 earnings on August 1, 2024 after market close.
What were Apple's Q3 2024 revenue and EPS?
Apple reported revenue of $85.8B and diluted EPS of $1.40 for Q3 2024.
Did Apple beat estimates in Q3 2024?
Revenue beat the consensus estimate of $84.5B by $1.3B. EPS beat the consensus estimate of $1.34 by $0.06.
Where can I find Apple's Q3 2024 SEC filings?
You can read the 8-K earnings release (0000320193-24-000080) and the 10-Q periodic report (0000320193-24-000081) directly on SEC EDGAR. The filing index links above go to sec.gov.