How Much Did Apple's Revenue Grow From FY2016 to FY2025?
Apple annual revenue went from $215.6B in FY2016 to $416.2B in FY2025 (1.93x). Net income went from $45.7B to $112.0B (2.45x).
How Much Did Apple's Revenue Grow From FY2016 to FY2025?
Full data
| Period | Apple revenue | Apple net income |
|---|---|---|
| FY2025 | $416.2B | $112.0B |
| FY2024 | $391.0B | $93.7B |
| FY2023 | $383.3B | $97.0B |
| FY2022 | $394.3B | $99.8B |
| FY2021 | $365.8B | $94.7B |
| FY2020 | $274.5B | $57.4B |
| FY2019 | $260.2B | $55.3B |
| FY2018 | $265.6B | $59.5B |
| FY2017 | $229.2B | $48.4B |
| FY2016 | $215.6B | $45.7B |
Key numbers
- Apple revenue: $215.6B in FY2016 to $416.2B in FY2025, 1.9x in total, about 7.6% a year on average.
- Apple net income: $45.7B in FY2016 to $112.0B in FY2025, 2.5x in total, about 10.5% a year on average.
- FY2025 (ends Sep 2025) Apple; FY = year the fiscal year ends.
Compound annual growth, FY2016 to FY2025: revenue +7.6%, net income +10.5%. Revenue, largest one-year change: +33.3% (FY2021 vs FY2020); smallest: -2.8% (FY2023 vs FY2022). Net income, largest one-year change: +64.9% (FY2021 vs FY2020); smallest: -7.2% (FY2019 vs FY2018). Highest value in the period: revenue $416.2B in FY2025; net income $112.0B in FY2025.
Fiscal years: FY2025 (ends Sep 2025) Apple; FY = year the fiscal year ends. What is counted: revenue and net income as reported in annual 10-K filings, nominal US dollars, not adjusted for inflation. Each fiscal year is named for the calendar year in which it ends.
Source: SEC EDGAR filings (public information), annual 10-K data, latest fiscal year ends 2025-09-27. Values as reported; we only converted them to US$ billions for the chart. Not affiliated with or endorsed by the U.S. Securities and Exchange Commission (SEC). For information only. Not financial advice.
Questions
How much did Apple revenue change from FY2016 to FY2025?
From $215.6B to $416.2B, or 1.9x.
Where does this data come from?
SEC EDGAR filings (public information), annual 10-K data. The data was downloaded twice and both reads had to match; the numbers here are computed from it by script.
How we made this
Source: SEC EDGAR filings (public information), annual 10-K data · Data as of 2025-09-27The data was downloaded twice and both reads had to match. Figures are computed from it by script and rounded for display. Not affiliated with or endorsed by the SEC. For information only. Not financial advice. Watch the Short on YouTube.