Apple annual return on equity
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2025
Apple Return on Equity (ROE) Growth & History (AAPL)
Apple's return on equity was 171.42% for fiscal 2025.
View full Apple company overviewApple annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-27 | 171.42% | +14.01 pp |
| 2024 | 2024-09-28 | 157.41% | −14.54 pp |
| 2023 | 2023-09-30 | 171.95% | −3.51 pp |
| 2022 | 2022-09-24 | 175.46% | +28.02 pp |
| 2021 | 2021-09-25 | 147.44% | +73.76 pp |
| 2020 | 2020-09-26 | 73.69% | +17.77 pp |
| 2019 | 2019-09-28 | 55.92% | +6.55 pp |
| 2018 | 2018-09-29 | 49.36% | +12.50 pp |
| 2017 | 2017-09-30 | 36.87% | −0.04 pp |
| 2016 | 2016-09-24 | 36.90% | −9.34 pp |
| 2015 | 2015-09-26 | 46.25% | +12.64 pp |
| 2014 | 2014-09-27 | 33.61% | +2.97 pp |
| 2013 | 2013-09-28 | 30.64% | −12.20 pp |
| 2012 | 2012-09-29 | 42.84% | +1.17 pp |
| 2011 | 2011-09-24 | 41.67% | +6.39 pp |
| 2010 | 2010-09-25 | 35.28% | +4.75 pp |
| 2009 | 2009-09-26 | 30.54% | −2.69 pp |
| 2008 | 2008-09-27 | 33.23% | +4.72 pp |
| 2007 | 2007-09-29 | 28.51% | +5.67 pp |
| 2006 | 2006-09-30 | 22.85% | +1.61 pp |
| 2005 | 2005-09-30 | 21.24% | +15.52 pp |
| 2004 | 2004-09-30 | 5.72% | +4.06 pp |
| 2003 | 2003-09-25 | 1.66% | +0.04 pp |
| 2002 | 2002-09-28 | 1.62% | +2.24 pp |
| 2001 | 2001-09-28 | −0.62% | — |
Apple quarterly return on equity
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Q4.09
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Q2.22
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Q1.24
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Q1.25
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Q2.26
Q3.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-27 | 27.84% | −7.50 pp |
| Q2 2026 | 2026-03-28 | 30.39% | −6.72 pp |
| Q1 2026 | 2025-12-27 | 52.00% | −6.74 pp |
| Q4 2025 | 2025-09-27 | 39.36% | +15.53 pp |
| Q3 2025 | 2025-06-28 | 35.34% | +4.89 pp |
| Q2 2025 | 2025-03-29 | 37.11% | +5.23 pp |
| Q1 2025 | 2024-12-28 | 58.74% | +8.95 pp |
| Q4 2024 | 2024-09-28 | 23.83% | −13.67 pp |
| Q3 2024 | 2024-06-29 | 30.44% | −2.03 pp |
| Q2 2024 | 2024-03-30 | 31.88% | −8.77 pp |
| Q1 2024 | 2023-12-30 | 49.79% | −6.08 pp |
| Q4 2023 | 2023-09-30 | 37.50% | −0.59 pp |
| Q3 2023 | 2023-07-01 | 32.48% | +1.50 pp |
| Q2 2023 | 2023-04-01 | 40.64% | +4.74 pp |
| Q1 2023 | 2022-12-31 | 55.86% | +4.57 pp |
| Q4 2022 | 2022-09-24 | 38.10% | +5.83 pp |
| Q3 2022 | 2022-06-25 | 30.98% | −1.60 pp |
| Q2 2022 | 2022-03-26 | 35.90% | +1.00 pp |
| Q1 2022 | 2021-12-25 | 51.30% | +7.58 pp |
| Q4 2021 | 2021-09-25 | 32.27% | +13.85 pp |
| Q3 2021 | 2021-06-26 | 32.59% | +17.65 pp |
| Q2 2021 | 2021-03-27 | 34.90% | +21.51 pp |
| Q1 2021 | 2020-12-26 | 43.71% | +19.01 pp |
| Q4 2020 | 2020-09-26 | 18.42% | +3.78 pp |
| Q3 2020 | 2020-06-27 | 14.93% | +5.00 pp |
| Q2 2020 | 2020-03-28 | 13.40% | +3.06 pp |
| Q1 2020 | 2019-12-28 | 24.70% | +6.96 pp |
| Q4 2019 | 2019-09-28 | 14.64% | +1.92 pp |
| Q3 2019 | 2019-06-29 | 9.93% | +0.40 pp |
| Q2 2019 | 2019-03-30 | 10.33% | −0.02 pp |
| Q1 2019 | 2018-12-29 | 17.74% | +3.11 pp |
| Q4 2018 | 2018-09-29 | 12.72% | +4.68 pp |
| Q3 2018 | 2018-06-30 | 9.53% | +2.98 pp |
| Q2 2018 | 2018-03-31 | 10.35% | +2.07 pp |
| Q1 2018 | 2017-12-30 | 14.63% | +0.90 pp |
| Q4 2017 | 2017-09-30 | 8.04% | +0.97 pp |
| Q3 2017 | 2017-07-01 | 6.54% | +0.47 pp |
| Q2 2017 | 2017-04-01 | 8.28% | +0.15 pp |
| Q1 2017 | 2016-12-31 | 13.73% | −1.10 pp |
| Q4 2016 | 2016-09-24 | 7.08% | −2.00 pp |
| Q3 2016 | 2016-06-25 | 6.07% | −2.32 pp |
| Q2 2016 | 2016-03-26 | 8.13% | −2.63 pp |
| Q1 2016 | 2015-12-26 | 14.83% | −0.52 pp |
| Q4 2015 | 2015-09-26 | 9.08% | +1.80 pp |
| Q3 2015 | 2015-06-27 | 8.38% | +1.96 pp |
| Q2 2015 | 2015-03-28 | 10.75% | +2.57 pp |
| Q1 2015 | 2014-12-27 | 15.35% | +5.02 pp |
| Q4 2014 | 2014-09-27 | 7.28% | +1.20 pp |
| Q3 2014 | 2014-06-28 | 6.43% | +1.10 pp |
| Q2 2014 | 2014-03-29 | 8.18% | +0.92 pp |
| Q1 2014 | 2013-12-28 | 10.32% | −0.33 pp |
| Q4 2013 | 2013-09-28 | 6.08% | −1.07 pp |
| Q3 2013 | 2013-06-29 | 5.33% | −2.91 pp |
| Q2 2013 | 2013-03-30 | 7.26% | −4.81 pp |
| Q1 2013 | 2012-12-29 | 10.65% | −5.02 pp |
| Q4 2012 | 2012-09-29 | 7.15% | −1.92 pp |
| Q3 2012 | 2012-06-30 | 8.24% | −2.94 pp |
| Q2 2012 | 2012-03-31 | 12.07% | +1.76 pp |
| Q1 2012 | 2011-12-31 | 15.68% | +3.96 pp |
| Q4 2011 | 2011-09-24 | 9.08% | −0.40 pp |
| Q3 2011 | 2011-06-25 | 11.17% | +3.28 pp |
| Q2 2011 | 2011-03-26 | 10.31% | +2.13 pp |
| Q1 2011 | 2010-12-25 | 11.72% | +1.70 pp |
| Q4 2010 | 2010-09-25 | 9.48% | +0.68 pp |
| Q3 2010 | 2010-06-26 | 7.89% | +0.10 pp |
| Q2 2010 | 2010-03-27 | 8.18% | — |
| Q1 2010 | 2009-12-26 | 10.02% | — |
| Q4 2009 | 2009-09-26 | 8.80% | — |
| Q3 2009 | 2009-06-27 | 7.79% | — |
Apple return on equity trends
Over the last five fiscal years, Apple's return on equity increased from 73.69% to 171.42%, a change of +97.74 percentage points. The latest reported quarter, Q3 2026, shows 27.84%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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