What is Apple's deferred revenue?

Apple (AAPL) reported deferred revenue of $9.33B in Q1 2026.

How has Apple's deferred revenue changed year-over-year?

Apple's deferred revenue increased by 4.0% year-over-year, from $8.98B to $9.33B.

What is the long-term trend for Apple's deferred revenue?

Over 4 years (2021 to 2025), Apple's deferred revenue has grown at a 4.4% compound annual growth rate (CAGR), from $7.61B to $9.06B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Apple AAPL Deferred Revenue

Deferred Revenue at other companies

MicrosoftMSFT

$50.92B+14.1%

Sirius XMSIRI

$974M-7.2%

AmazonAMZN

$20.89B+1.4%

NetflixNFLX

$1.8B+4.0%

HPHPQ

——

Logitech InternationalLOGI

——

Other financials

Income statement

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Revenue$111.18B+16.6%

Gross profit$54.8B+22.1%

Operating income$35.9B+21.3%

Net income$29.6B+19.4%

EPS (diluted)$2.01+21.8%

Balance sheet

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Cash & equivalents$45.6B+61.8%

Total debt$82.7B-10.3%

Total equity$106.49B+59.4%

Total assets$371.08B+12.0%

Cash flow

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Operating cash flow$28.7B+19.8%

CapEx$2.0B-35.8%

Free cash flow$26.7B+28.0%

Valuation

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Market cap$4.72T+48.0%

Enterprise value$4.76T+46.6%

P/E38.5×+6.4×

P/S10.5×+2.7×

Profitability

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Gross margin47.9%+1.2pp

Operating margin32.6%+0.8pp

Net margin27.2%+2.9pp

FCF margin28.6%+4.0pp

Returns & leverage

See full

Return on equity141.5%+3.5pp

Debt / equity0.8×-0.6×

Current ratio1.1×+0.2×

Where this comes from

Reported directly by Apple in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Apple’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apple's deferred revenue?: Apple (AAPL) reported deferred revenue of $9.33B in Q1 2026.
How has Apple's deferred revenue changed year-over-year?: Apple's deferred revenue increased by 4.0% year-over-year, from $8.98B to $9.33B.
What is the long-term trend for Apple's deferred revenue?: Over 4 years (2021 to 2025), Apple's deferred revenue has grown at a 4.4% compound annual growth rate (CAGR), from $7.61B to $9.06B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.