To the full analysis
Apple stock: growth
AAPLApple reported $478.83B in revenue for fiscal 2026, up 15.1% on the prior year, up 5.5% a year on average over up to five years.
Daily figure as of 12 Nov 2026
Revenue (Annual rate)
17.1%
per year from 2007 to 2026, per share 20.2%
Earnings (Annual rate)
21.1%
per year from 2007 to 2026, per share 24.5%
Free cash flow (Annual rate)
19.7%
per year from 2007 to 2026, per share 22.9%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2021 | since 2016 | since 2007 | |
|---|---|---|---|
| Revenue | 5.5% | 8.3% | 17.1% |
| Revenue per share | 8.3% | 12.7% | 20.2% |
| Earnings | 6.9% | 11.2% | 21.1% |
| Earnings per share | 9.7% | 15.7% | 24.5% |
| Free cash flow | 7.9% | 10.0% | 19.7% |
| Free cash flow per share | 10.8% | 14.4% | 22.9% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2007 | $24.01B | $3.5B | $4.48B |
| 2008 | $32.48B | $4.83B | $8.4B |
| 2009 | $42.6B | $8.24B | $8.95B |
| 2010 | $65.23B | $14.01B | $16.47B |
| 2011 | $108.25B | $25.92B | $30.08B |
| 2012 | $156.51B | $41.73B | $41.45B |
| 2013 | $170.91B | $37.04B | $44.59B |
| 2014 | $182.8B | $39.51B | $49.9B |
| 2015 | $233.72B | $53.39B | $69.78B |
| 2016 | $215.64B | $45.69B | $52.68B |
| 2017 | $229.23B | $48.35B | $51.43B |
| 2018 | $265.6B | $59.53B | $64.12B |
| 2019 | $260.17B | $55.26B | $58.9B |
| 2020 | $274.52B | $57.41B | $73.37B |
| 2021 | $365.82B | $94.68B | $92.95B |
| 2022 | $394.33B | $99.8B | $111.44B |
| 2023 | $383.29B | $97B | $99.58B |
| 2024 | $391.04B | $93.74B | $108.81B |
| 2025 | $416.16B | $112.01B | $98.77B |
| 2026 | $478.83B | $132.18B | $136.06B |
Revenue by segment
How Apple Inc. makes its money and how that has shifted. Names are as the company reports them.
- iPhone53%
- Service26%
- Mac8%
- Wearables, Home and Accessories7%
- iPad6%
Figures as a table
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| iPhone | $142.38B | $137.78B | $191.97B | $205.49B | $200.58B | $201.18B | $209.59B | $254.1B | 53.1% |
| Service | $46.29B | $53.77B | $68.43B | $78.13B | $85.2B | $96.17B | $109.16B | $123.3B | 25.8% |
| Mac | $25.74B | $28.62B | $35.19B | $40.18B | $29.36B | $29.98B | $33.71B | $37.93B | 7.9% |
| Wearables, Home and Accessories | $24.48B | $30.62B | $38.37B | $41.24B | $39.85B | $37.01B | $35.69B | $35.58B | 7.4% |
| iPad | $21.28B | $23.72B | $31.86B | $29.29B | $28.3B | $26.69B | $28.02B | $27.93B | 5.8% |
| Total revenue | $260.17B | $274.52B | $365.82B | $394.33B | $383.29B | $391.04B | $416.16B | $478.83B | 100% |
Revenue by region
Where Apple Inc. generates its revenue.
- Americas41%
- Europe27%
- Greater China17%
- Rest of Asia Pacific8%
- Japan6%
Figures as a table
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas | $96.6B | $112.09B | $116.91B | $124.56B | $153.31B | $169.66B | $162.56B | $167.05B | $178.35B | $198.08B | 41.4% |
| Europe | $54.94B | $62.42B | $60.29B | $68.64B | $89.31B | $95.12B | $94.29B | $101.33B | $111.03B | $127.6B | 26.6% |
| Greater China | $44.76B | $51.94B | $43.68B | $40.31B | $68.37B | $74.2B | $72.56B | $66.95B | $64.38B | $82.38B | 17.2% |
| Rest of Asia Pacific | $15.2B | $17.41B | $17.79B | $19.59B | $26.36B | $29.38B | $29.62B | $30.66B | $33.7B | $39.86B | 8.3% |
| Japan | $17.73B | $21.73B | $21.51B | $21.42B | $28.48B | $25.98B | $24.26B | $25.05B | $28.7B | $30.91B | 6.5% |
| Total revenue | $229.23B | $265.6B | $260.17B | $274.52B | $365.82B | $394.33B | $383.29B | $391.04B | $416.16B | $478.83B | 100% |
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 26 Sep 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 31 Jan 2009)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.