What is Apple's retained earnings?

Apple (AAPL) reported retained earnings of $12.36B in Q1 2026.

How has Apple's retained earnings changed year-over-year?

Apple's retained earnings increased by 179.5% year-over-year, from -$15.55B to $12.36B.

What is the long-term trend for Apple's retained earnings?

Over 4 years (2021 to 2025), Apple's retained earnings has grown at a 26.5% compound annual growth rate (CAGR), from $5.56B to -$14.26B.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

Apple AAPL Retained Earnings

Retained Earnings at other companies

HPHPQ

-$1.96B+19.7%

Cirrus LogicCRUS

$184.88M+105%

MicrosoftMSFT

$302.53B+37.7%

QualcommQCOM

$26.9B-1.6%

Sirius XMSIRI

$11.77B+4.5%

AmazonAMZN

$280.79B+47.8%

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

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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:RetainedEarningsAccumulatedDeficit.

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 retained earnings?: Apple (AAPL) reported retained earnings of $12.36B in Q1 2026.
How has Apple's retained earnings changed year-over-year?: Apple's retained earnings increased by 179.5% year-over-year, from -$15.55B to $12.36B.
What is the long-term trend for Apple's retained earnings?: Over 4 years (2021 to 2025), Apple's retained earnings has grown at a 26.5% compound annual growth rate (CAGR), from $5.56B to -$14.26B.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.