Apple Inc AAPL Stock Analysis
- Nasdaq
- Stock
- Market closed · opens Monday 9:30 AM ET
$347.73 down $0.50, 0.14% at close Oct 23
Last close · Previous close $348.22
- Market cap
- $5.11TAt the Oct 23 close
- P/E ratio
- 39.92On last 12 months’ EPS
- Diluted EPS
- $8.71Last 12 months
- Dividend yield
- 0.30%Last 12 months
Price chart
$347.73down $0.50, 0.14%Fri, Oct 23 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$348.22Oct 22
- Volume39.54MOct 23 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume38.11MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $243.42 to $351.73; now $347.73
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
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Performance
Past performance, measured to the Oct 23 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
AAPL beat the S&P 500 in all 7 periods.
| Period | AAPL and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | AAPL: up 3.2% S&P 500: down 1.0% | AAPL beat the S&P 500 by 4.2 percentage points Beat |
| 3M | AAPL: up 8.2% S&P 500: up 3.2% | AAPL beat the S&P 500 by 5.0 percentage points Beat |
| YTD | AAPL: up 28.3% S&P 500: up 12.3% | AAPL beat the S&P 500 by 16.0 percentage points Beat |
| 1Y | AAPL: up 34.5% S&P 500: up 14.3% | AAPL beat the S&P 500 by 20.2 percentage points Beat |
| Long term | ||
| 3Y | AAPL: up 103.7% S&P 500: up 87.4% +26.8% vs +23.3% a year | AAPL beat the S&P 500 by 16.3 percentage points Beat |
| 5Y | AAPL: up 139.7% S&P 500: up 79.4% +19.1% vs +12.4% a year | AAPL beat the S&P 500 by 60.3 percentage points Beat |
| 10Y | AAPL: up 1,204.2% S&P 500: up 316.2% +29.3% vs +15.3% a year | AAPL beat the S&P 500 by 888.0 percentage points Beat |
$10,000 invested in AAPL 10 years ago (Oct 21, 2016) would be worth about $130,419 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,616.
AAPL beat the S&P 500 in all 7 periods.
| Period | AAPL and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | AAPL: up 3.2% S&P 500: down 1.0% | AAPL beat the S&P 500 by 4.2 percentage points Beat |
| 3M | AAPL: up 8.1% S&P 500: up 3.0% | AAPL beat the S&P 500 by 5.1 percentage points Beat |
| YTD | AAPL: up 27.9% S&P 500: up 11.4% | AAPL beat the S&P 500 by 16.5 percentage points Beat |
| 1Y | AAPL: up 34.0% S&P 500: up 13.1% | AAPL beat the S&P 500 by 20.9 percentage points Beat |
| Long term | ||
| 3Y | AAPL: up 101.0% S&P 500: up 80.7% +26.2% vs +21.8% a year | AAPL beat the S&P 500 by 20.3 percentage points Beat |
| 5Y | AAPL: up 133.9% S&P 500: up 67.7% +18.5% vs +10.9% a year | AAPL beat the S&P 500 by 66.2 percentage points Beat |
| 10Y | AAPL: up 1,092.9% S&P 500: up 255.2% +28.1% vs +13.5% a year | AAPL beat the S&P 500 by 837.7 percentage points Beat |
$10,000 invested in AAPL 10 years ago (Oct 21, 2016) would be worth about $119,288 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,516.
All-time high
$348.22
Closing high on . Now 0.1% below that record.
Split-adjusted daily closes since Dec 12, 1980.
Stock splits
5
Latest: 4-for-1 on . One share bought before the first split is 224 shares today.
All 5 splits
- 4-for-1
- 7-for-1
- 2-for-1
- 2-for-1
- 2-for-1
Valuation
The Oct 23 close compared with the last 12 months of reported results (the four quarters to Jun 27, 2026). Tap a metric to see how it’s calculated.
Price-to-earnings (P/E)
39.9×The Oct 23 close ÷ diluted EPS over the last 12 months ($8.71)
The range covers daily P/E ratios from Oct 15, 2021 to Oct 23, 2026, each based on the previous 12 months of earnings.
AAPL trades at 39.9× its earnings over the last 12 months, above its 5-year median of 30.7×. In plain terms, buyers are paying about $40 for each $1 of profit from the past year. How to read P/E
Other valuation measures
- 10.9×Last 12 months’ revenue
Market value divided by revenue over the last 12 months. Useful when earnings are small or negative.
P/S = Market cap ÷ Revenue (last 12 months)Price-to-sales ratio - 47.5×Book value as of Jun 27, 2026
Price relative to accounting equity (book value) per share on the Jun 27, 2026 balance sheet. Asset-light companies often trade far above book value.
P/B = Price ÷ Book value per sharePrice-to-book ratio - 30.3×Last 12 months’ EBITDA
Enterprise value divided by EBITDA over the last 12 months. It compares companies with different amounts of debt.
EV/EBITDA = Enterprise value ÷ EBITDA (last 12 months)EV/EBITDA explained - 1.24Last 12 months’ EPS growth
The P/E divided by the growth in diluted EPS over the last 12 months (+32.2% on the 12 months before). It looks backward: near 1 means the P/E roughly matches last year’s growth. Sites that use analysts’ growth forecasts show a different PEG.
PEG = P/E ÷ EPS growth (%) = 39.9 ÷ 32.2 - 2.68%Last 12 months’ free cash flow
Free cash flow over the last 12 months as a share of the company’s market value: the cash the business generated for each dollar of stock.
FCF yield = Free cash flow (last 12 months) ÷ Market capFree cash flow - $5.13TAt the Oct 23 close
What it would cost to buy the whole business: the market cap at the Oct 23 close, plus debt, minus cash and short-term investments from the Jun 27, 2026 balance sheet.
EV = Market cap + Debt − Cash and short-term investmentsEV/EBITDA explained
Build your own AAPL DCF in Excel. Value Apple with your own growth and margin assumptions.Browse DCF models Free DCF calculator
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q3 FY26, the quarter ended Jun 27, 2026. “Last 12 months” means the four quarters from Jun 29, 2025 to Jun 27, 2026, and balance-sheet figures are as of Jun 27, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $466.82Bup 14.2%
- Net income
- $128.93Bup 29.9%
- Diluted EPS
- $8.71up 32.2%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q4 FY24 (Sep 28, 2024) | $94.93B | $14.74B | $0.97 |
| Q1 FY25 (Dec 28, 2024) | $124.30B | $36.33B | $2.40 |
| Q2 FY25 (Mar 29, 2025) | $95.36B | $24.78B | $1.65 |
| Q3 FY25 (Jun 28, 2025) | $94.04B | $23.43B | $1.57 |
| Q4 FY25 (Sep 27, 2025) | $102.47B | $27.47B | $1.84 |
| Q1 FY26 (Dec 27, 2025) | $143.76B | $42.10B | $2.84 |
| Q2 FY26 (Mar 28, 2026) | $111.18B | $29.58B | $2.01 |
| Q3 FY26 (Jun 27, 2026) | $109.42B | $29.79B | $2.02 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Sep 25, 2021) | $365.82B | $94.68B | $5.61 |
| FY22 (Sep 24, 2022) | $394.33B | $99.80B | $6.11 |
| FY23 (Sep 30, 2023) | $383.29B | $97.00B | $6.13 |
| FY24 (Sep 28, 2024) | $391.04B | $93.74B | $6.08 |
| FY25 (Sep 27, 2025) | $416.16B | $112.01B | $7.46 |
Margins
- Gross 48.7%
- Operating 33.2%
- Net 27.6%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $136.68BLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$146.72BLast 12 months
- Capital spending$10.04BLast 12 months
- 29.3%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $82.23BLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$15.64BLast 12 months
- Total returned$97.87BLast 12 months
72% of free cash flow
Balance sheet
- $146.52BAs of Jun 27, 2026
Cash plus short- and long-term marketable securities on the Jun 27, 2026 balance sheet.
- Total debt$84.34BAs of Jun 27, 2026
- Net cash$62.17BAs of Jun 27, 2026
- 1.00As of Jun 27, 2026
Current assets divided by current liabilities on the Jun 27, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 0.78As of Jun 27, 2026
Total debt divided by shareholders’ equity on the Jun 27, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 9 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✓Net income was positive: passed
- ✓Operating cash flow was positive: passed
- ✓Return on assets improved: passed
- ✓Operating cash flow exceeded net income: passed
- ✓Long-term debt fell relative to assets: passed
- ✓Current ratio improved: passed
- ✓Share count didn’t rise: passed
- ✓Gross margin improved: passed
- ✓Asset turnover (revenue ÷ assets) improved: passed
- 137.2%Last 12 months
Over the last 12 months, Apple’s net income was 137.2% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return. ROE can run this high when equity is small, for example after years of large share buybacks.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 34.5%Last 12 months
Over the last 12 months, Apple’s net income was 34.5% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $0.56 |
| 2017 | $0.62 |
| 2018 | $0.71 |
| 2019 | $0.76 |
| 2020 | $0.81 |
| 2021 | $0.87 |
| 2022 | $0.91 |
| 2023 | $0.95 |
| 2024 | $0.99 |
| 2025 | $1.03 |
| 2026 (to date) | $0.80 |
Dividend details
- $1.06Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- 0.30%; 5-yr low 0.30%, 5-yr high 0.82%Last 12 months
Dividends paid over the last 12 months as a share of the Oct 23 close. The bar shows where that yield sits in its range over the past five years; the median was 0.50%.
- $0.27Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- up 5.0% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 12 yearsThrough 2025
How many calendar years in a row the full-year amount has risen, through 2025.
- 12.2%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Apple Inc
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.
- Sector
- Technology
- Industry
- Consumer Electronics
- Headquarters
- California, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- Nasdaq
- Asset type
- Common stock
- Price history since
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AAPL stock FAQ
What is AAPL stock’s price today?
Apple (AAPL) traded at $347.73 at the close on , down $0.50 (0.14%) from the previous close of $348.22. Over the past 52 weeks it has traded between $243.42 and $351.73.
If you invested $1,000 in AAPL 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in AAPL on would be worth about $13,042 at the close on , a total return of +1,204.2%. The same $1,000 would be worth $2,397 if invested five years ago, $1,345 if invested one year ago, $142,727 if invested 20 years ago, and $1,879,006 if invested 30 years ago. Past performance doesn’t predict future returns.
What is Apple’s market cap?
Apple’s market capitalization is about $5.1 trillion. That’s Tiingo’s daily market cap for , at that day’s closing price of $347.73 (how market cap works). Apple reported 14.69B shares outstanding at the end of its latest quarter ().
What is AAPL’s P/E ratio?
AAPL trades at 39.9 times its diluted earnings over the four quarters to ($8.71 per share), at the close. Over the past five years its P/E has ranged from 20.3 to 42.0, with a median of 30.7. (How the P/E ratio works.)
How much revenue does Apple make?
Apple reported $466.8 billion of revenue over the four quarters to , up 14.2% from the twelve months before. In its latest quarter (Q3 FY26, ended ) revenue was $109.4 billion, up 16.4% from a year earlier.
Is Apple profitable?
Yes. Apple earned $128.9 billion of net income over the four quarters to , a net margin of 27.6%, and its operating margin was 33.2% (what margins tell you).
What are AAPL’s earnings per share?
AAPL’s diluted earnings per share were $8.71 over the four quarters to , compared with $6.59 in the twelve months before. The latest quarter (Q3 FY26) brought $2.02 per share, against $1.57 a year earlier (how EPS works).
Does AAPL pay a dividend?
Yes. Apple pays a quarterly dividend. The most recent was $0.27 per share, with an ex-dividend date of . Over the last twelve months it paid $1.06 per share, a 0.30% yield at the close, and the full-year dividend has risen 12 years in a row (how dividend yield works).
Based on the last 12 months’ payments ($1.06 per share), and if the next 12 months match the last 12, 100 shares would receive about $106 over 12 months, and $1,000 over 12 months would take about 944 shares, roughly $328,252 at the close. Dividends can change.
What is AAPL’s 52-week high and low?
Over the past 52 weeks AAPL has traded as low as $243.42 and as high as $351.73. At $347.73 at the close on , it is 1.1% below that high and 42.8% above the low.
What is AAPL’s all-time high?
AAPL’s highest closing price was $348.22 on , adjusted for stock splits. At $347.73 at the close on , it is 0.1% below that record.
Has AAPL stock ever split?
Yes, five times: 2-for-1 on ; 2-for-1 on ; 2-for-1 on ; 7-for-1 on ; 4-for-1 on . One share bought before the first split would be 224 shares today.
How has AAPL stock performed?
Including dividends and measured to the close on , AAPL has returned +28.3% so far this year and +34.5% over the past year, and +139.7% over five years (+19.1% a year). Over the same periods the S&P 500, measured by SPY, returned +12.3%, +14.3% and +79.4%. Past performance doesn’t predict future returns.
What sector and industry is Apple in?
Apple is in the Technology sector and the Consumer Electronics industry, and is headquartered in California, USA.
What exchange does AAPL trade on?
Apple trades on the Nasdaq under the ticker symbol AAPL. Its price history on this dashboard begins on .
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About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
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