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Apple AAPL Return on equity

Return on equity at other companies

Microsoft logo
MicrosoftMSFT
34%+0.4pp
Qualcomm logo
QualcommQCOM
44.6%+6.2pp
Amazon logo
AmazonAMZN
21.1%-4.1pp
Netflix logo
NetflixNFLX
48.5%+7.7pp
Zoom Video Communications, Inc. logo
Zoom Video Communications, Inc.ZM
21.9%+9.8pp
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
25.1%+2.9pp

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$4.35T+11.7%
Enterprise value$4.38T+10.6%
P/E35.5×-4.5×
P/S9.6×-0.1×

Profitability

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Gross margin47.9%+1.2pp
Operating margin32.6%+0.8pp
Net margin27.2%+2.9pp

Returns & leverage

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Debt / equity0.8×-0.6×
Current ratio1.1×+0.2×

Where this comes from

Calculated from Apple’s reported figures.

Based on trailing twelve months.

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 return on equity?
Apple (AAPL) reported return on equity of 141.5% in Q1 2026.
How has Apple's return on equity changed year-over-year?
Apple's return on equity increased by 2.5% year-over-year, from 138% to 141.5%.
What is the long-term trend for Apple's return on equity?
Over 4 years (2021 to 2025), Apple's return on equity has grown at a 6.7% compound annual growth rate (CAGR), from 460.1% to 595.8%.
What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.