Apple Inc (AAPL)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 93,736,000 | 96,995,000 | 99,803,000 | 94,680,000 | 57,411,000 |
| Revenue | US$ in thousands | 391,035,000 | 379,352,000 | 391,397,000 | 363,172,000 | 271,642,000 |
| Net profit margin | 23.97% | 25.57% | 25.50% | 26.07% | 21.13% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $93,736,000K ÷ $391,035,000K
= 23.97%
Apple Inc's net profit margin has shown a slight decrease in recent years. In September 2024, the net profit margin stood at 23.97%, which was lower than the previous year's figure of 25.57% in September 2023. This declining trend is also evident when comparing to the net profit margins of 25.50% in September 2022 and 26.07% in September 2021. However, Apple's net profit margin in September 2020 was notably lower at 21.13%. Despite the recent decrease, Apple has maintained relatively healthy profitability levels over the years, indicating efficiency in controlling costs and managing operations to generate profits. Further analysis would be needed to understand the specific factors contributing to the fluctuations in net profit margin.
Peer comparison
Sep 30, 2024