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Where the tokens are
Trade AAPL perpsStandardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q3 FY262026-06-27 | Q2 FY262026-03-28 | Q1 FY262025-12-27 | Q4 FY252025-09-27 | Q3 FY252025-06-28 | Q2 FY252025-03-29 | Q1 FY252024-12-28 | Q4 FY242024-09-28 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $109.42B | $111.18B | $143.76B | $102.47B | $94.04B | $95.36B | $124.30B | $94.93B |
| Cost of revenue | $54.65B | $56.40B | $74.53B | $54.13B | $50.32B | $50.49B | $66.03B | $51.05B |
| Gross profit | $54.77B | $54.78B | $69.23B | $48.34B | $43.72B | $44.87B | $58.28B | $43.88B |
| Gross margin | 50.1% | 49.3% | 48.2% | 47.2% | 46.5% | 47.1% | 46.9% | 46.2% |
| Research and development | $11.73B | $11.42B | $10.89B | $8.87B | $8.87B | $8.55B | $8.27B | $7.77B |
| Selling, general and administrative | $7.35B | $7.48B | $7.49B | $7.05B | $6.65B | $6.73B | $7.18B | $6.52B |
| Operating expenses | $19.08B | $18.90B | $18.38B | $15.91B | $15.52B | $15.28B | $15.44B | $14.29B |
| Operating income | $35.70B | $35.89B | $50.85B | $32.43B | $28.20B | $29.59B | $42.83B | $29.59B |
| Operating margin | 32.6% | 32.3% | 35.4% | 31.6% | 30.0% | 31.0% | 34.5% | 31.2% |
| EBITDA | $39.02B | $39.32B | $54.07B | $35.55B | $31.03B | $32.25B | $45.91B | $32.50B |
| Income before taxes | $36.27B | $35.83B | $51.00B | $32.80B | $28.03B | $29.31B | $42.58B | $29.61B |
| Income taxes | $6.48B | $6.26B | $8.91B | $5.34B | $4.60B | $4.53B | $6.25B | $14.87B |
| Net income | $29.79B | $29.58B | $42.10B | $27.47B | $23.43B | $24.78B | $36.33B | $14.74B |
| Net margin | 27.2% | 26.6% | 29.3% | 26.8% | 24.9% | 26.0% | 29.2% | 15.5% |
| EPS, basic | $2.03 | $2.02 | $2.85 | $1.85 | $1.57 | $1.65 | $2.41 | $0.98 |
| EPS, diluted | $2.02 | $2.01 | $2.84 | $1.84 | $1.57 | $1.65 | $2.40 | $0.97 |
| Diluted shares | 14.71B | 14.73B | 14.81B | 15.00B | 14.95B | 15.06B | 15.15B | 15.41B |
Figures describe Apple shares, not any token. As of Jul 31, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.