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Apple AAPL Q4 2024 Annual earnings

Reported October 31, 2024 · After market close

Revenue estimate$94.5B
EPS estimate$1.60

Next report

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

Financials

Q4 2024

Income statement

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Revenue$94.9B+6.1%
Gross profit$43.9B+8.5%
Operating income$29.6B+9.7%
Net income$14.7B-35.8%
EPS (diluted)$0.97-33.6%

Balance sheet

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Cash & equivalents$29.9B-2.6%
Total debt$109.09B-7.5%
Total equity$57.0B-8.4%
Total assets$364.98B+3.5%

Cash flow

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Operating cash flow$26.8B+24.1%
CapEx$2.9B+34.4%
Free cash flow$23.9B+23.0%

Valuation & ratios

Valuation

as of 09/28/24
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Market cap$3.54T+32.3%
Enterprise value$3.62T+31.0%
P/E37.8×+10.2×
P/S9.1×+2.1×

Profitability

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Gross margin46.2%+2.1pp
Operating margin31.5%+1.7pp
Net margin24%-1.3pp
FCF margin27.8%+1.8pp

Returns & leverage

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Return on equity157.4%-14.5pp
Debt / equity1.9×0.0×
Current ratio0.9×-0.1×

Segments

By segment

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Americas$41.7B+3.9%
Europe$24.9B+11.0%
Greater China$15.0B-0.3%
Rest of Asia Pacific$7.4B+16.6%
Japan$5.9B+7.6%

By product

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iPhone$46.2B+5.5%
Services$25.0B+11.9%
Wearables, Home and Accessories$9.0B-3.0%
Mac$7.7B+1.7%
iPad$7.0B+7.9%

By geography

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Other countries$45.5B+5.7%

Versus estimates

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Questions, answered.

When did Apple report Q4 2024 earnings?
Apple (AAPL) reported Q4 2024 earnings on October 31, 2024 after market close.
What were Apple's Q4 2024 revenue and EPS?
Apple reported revenue of $94.9B and diluted EPS of $1.64 for Q4 2024.
Did Apple beat estimates in Q4 2024?
Revenue beat the consensus estimate of $94.5B by $418.1M. EPS beat the consensus estimate of $1.60 by $0.04.
Where can I find Apple's Q4 2024 SEC filings?
You can read the 8-K earnings release (0000320193-24-000120) and the 10-K periodic report (0000320193-24-000123) directly on SEC EDGAR. The filing index links above go to sec.gov.