Here are the 10-K annual reports from Apple Inc. (AAPL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow AAPL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AAPL filings page.
Apple Inc. reported fiscal 2026 net sales of $478.834 billion, compared with $416.161 billion in fiscal 2025, and net income of $132.175 billion, versus $112.010 billion. Diluted earnings per share were $8.98, compared with $7.46. iPhone generated $254.098 billion in sales and Services $123.301 billion. Cash generated by operating activities was $145.097 billion, versus $111.482 billion.
Apple repurchased 297 million shares for $85.8 billion during 2026, and dividends declared per share or RSU were $1.06. About 60% of 2026 net sales came through indirect distribution channels. The company reports supply constraints and rising costs for advanced semiconductors, memory and storage, and expects these trends to intensify for memory and storage components. It also describes constrained supply, extended lead times and increasing costs for cloud compute and storage resources amid higher industry demand.
Apple Inc. filed its Annual Report for the fiscal year ended September 27, 2025. The company designs and sells iPhone, Mac, iPad, Wearables, Home and Accessories, and a broad suite of Services spanning advertising, AppleCare, cloud, digital content, and payments. Apple organizes results by geography: Americas, Europe, Greater China, Japan and Rest of Asia Pacific. During 2025, net sales were split between direct channels at 40% and indirect channels at 60%.
Apple reported the aggregate market value of stock held by non‑affiliates at $3,253,431,000,000 as of March 28, 2025, and had 14,776,353,000 shares outstanding as of October 17, 2025. The company employed approximately 166,000 full‑time equivalents as of September 27, 2025.
Key risks include new U.S. tariffs announced beginning in the second quarter of 2025, supply chain concentration in Asia, aggressive competition and pricing pressure, and evolving regulations. Apple has implemented EU Digital Markets Act compliance changes and notes ongoing antitrust scrutiny. A U.S. court found Google violated antitrust laws on August 5, 2024, with remedies ordered on September 2, 2025, which could affect search‑related licensing revenue depending on final outcomes.