Apple FY25 EBIT walkthrough
Apple reports "Operating income" as the cleanest starting point. Non-operating items are dominated by net interest income on the cash pile. FY25 EBIT is effectively operating income plus net non-operating income. The published 10-K is the source of record[EDGAR].
Income statement (FY25 selected lines)
| Line | FY25 ($M, illustrative) |
|---|---|
| Net sales | 391,035 |
| Cost of sales | 210,352 |
| Gross margin | 180,683 |
| Operating expenses | 57,467 |
| Operating income | 123,216 |
| Other income/(expense), net | 269 |
| EBIT (computed) | 123,485 |
| Provision for income taxes | 29,749 |
| Net income | 93,736 |
Illustrative; verify against the live filing before citing in a deliverable. Apple does not separately disclose "Interest expense"; the "Other" line nets interest income, interest expense, and equity-method items.
Sourcing notes
Pulled from the most recent 10-K filed with SEC EDGAR (CIK 0000320193). Figures shown in millions of US dollars unless otherwise noted. The full filing is atEDGAR filings index.
Walker cross-link
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