Apple Reports Fourth-Quarter Results

Cupertino, California 27 October 2022 Apple today announced financial results for its fiscal 2022 fourth quarter that ended on 24 September 2022. The Company posted a September quarter record revenue of US$90.1 billion, up eight per cent year over year, and quarterly earnings per diluted share of US$1.29, up four per cent year over year. Annual revenue was US$394.3 billion, up eight per cent year over year, and annual earnings per diluted share were US$6.11, up nine per cent year over year.

“This quarter’s results reflect Apple’s commitment to our customers, to the pursuit of innovation, and to leaving the world better than we found it,” said Tim Cook, Apple’s CEO. “As we head into the holiday season with our most powerful line-up ever, we are leading with our values in every action we take and every decision we make. We are deeply committed to protecting the environment, to securing user privacy, to strengthening accessibility, and to creating products and services that can unlock humanity’s full creative potential.”

“Our record September quarter results continue to demonstrate our ability to execute effectively in spite of a challenging and volatile macroeconomic backdrop,” said Luca Maestri, Apple’s CFO. “We continued to invest in our long-term growth plans, generated over US$24 billion in operating cash flow, and returned over US$29 billion to our shareholders during the quarter. The strength of our ecosystem, unmatched customer loyalty and record sales spurred our active installed base of devices to a new all-time high. This quarter capped another record-breaking year for Apple, with revenue growing over US$28 billion and operating cash flow up US$18 billion versus last year.”

Apple’s board of directors has declared a cash dividend of US$0.23 per share of the Company’s common stock. The dividend is payable on 10 November 2022 to shareholders of record as of the close of business on 7 November 2022.

Apple will provide live streaming of its Q4 2022 financial results conference call beginning at 2:00 pm PT on 27 October 2022 at apple.com/investor/earnings-call. This webcast will be available for replay for approximately two weeks thereafter.

Apple periodically provides information for investors on its corporate website, apple.com and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.