EI Earnings Insight Lab
Apple Inc.

Apple Inc. FY 2024 Earnings Analysis

Reported on 2024-11-01 / Fiscal Year FY 2024
Revenue Up YoY EPS Below Prior Year Mixed Year
Apple Inc. reported FY 2024 results with relatively stable operating performance.

Revenue grew 2% year over year. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.

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Source: Company filings / processed earnings data
Revenue
$391.0B
YoY: 2.022%
QoQ: N/A
Net Income
$93.7B
YoY: -3.36%
QoQ: N/A
EPS (Diluted)
$6.08
YoY: -0.82%
Net Margin
24%
YoY: -1.33 pts
QoQ: N/A
Gross Margin
46.2%
Operating Margin
31.5%
Growth

Revenue trend

Revenue trend remains stable.

Profitability

Margin and earnings quality

Profitability was broadly stable.

Investor Focus

What matters next

Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.

Revenue & YoY Growth

Annual

Revenue trend and year-over-year growth across recent reported annual periods.

Net Income & Net Margin

Annual

Net income and net margin trend over recent reported annual periods.

Revenue Analysis

Apple Inc. reported $391.0B in revenue for FY 2024, up 2% YoY. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Fiscal Year $391.0B
Previous Fiscal Year $383.3B
YoY Change +2%

Profitability Analysis

Net income came in at $93.7B, down 3.4% YoY. Net margin was 24%. Sequential margin deterioration suggests profitability remains under pressure.

Profitability Snapshot
Net Income $93.7B
EPS $6.08
Net Margin 24%
YoY Margin Change -1.3 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Apple Inc.'s revenue in FY 2024?

Apple Inc. reported revenue of $391.0B in FY 2024.

What was Apple Inc.'s net income in FY 2024?

Apple Inc. reported net income of $93.7B in FY 2024.

How did Apple Inc.'s revenue change year over year?

Apple Inc.'s revenue increased by 2% year over year in FY 2024.

What was Apple Inc.'s net margin in FY 2024?

Apple Inc.'s net margin was 24% in FY 2024.

Related
Apple Inc. FY 2023 Earnings

Compare this fiscal year with the previous annual earnings report.

Related
Apple Inc. Company Overview

Explore company profile, industry, and historical context.

Related
Apple Inc. Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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