Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Apple Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-09-27), 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26).
- Net Income
- Net income demonstrated a generally positive trend over the years, increasing from $57,411 million in 2020 to $112,010 million in 2025. There was a significant rise between 2020 and 2021, followed by moderate growth and slight fluctuations in the subsequent years, reflecting overall strong profitability.
- Change in Foreign Currency Translation, Net of Tax
- This item showed variability with no clear trend, fluctuating between positive and negative values. It peaked at $501 million in 2021 and saw a significant negative adjustment of $-1,511 million in 2022, indicating foreign currency effects' irregular impact on financial outcomes.
- Change in Fair Value of Derivative Instruments
- Changes exhibited volatility, with values ranging from modest positive and negative amounts to a notable spike of $3,212 million in 2022. The fluctuations suggest considerable market sensitivity and impact of derivative valuations on financial results in different years.
- Adjustment for Net (Gains) Losses Realized and Included in Net Income (Derivatives)
- This adjustment consistently showed negative values in most years, indicating that realized gains or losses reduced net income to some extent. The magnitude of these adjustments decreased notably in 2025, which might reflect less volatility or improved risk management.
- Change in Unrealized Gains (Losses) on Derivative Instruments, Net of Tax
- Unrealized gains or losses on derivatives showed significant fluctuations between positive and negative territory. The pattern aligns with changes in fair value, with large positive swings in 2021 and 2022, followed by negative impacts in 2023 and 2024, and a return to positive in 2025.
- Change in Fair Value of Marketable Debt Securities
- This item displayed considerable volatility, particularly with a large negative value of $-12,104 million in 2022, contrasting with positive figures in prior and subsequent periods. This suggests sensitivity to market conditions affecting debt security valuations.
- Adjustment for Net (Gains) Losses Realized and Included in Net Income (Marketable Debt Securities)
- The adjustments were predominantly negative or modestly positive, indicating that realized gains/losses from marketable debt securities impacted net income with some variability but no distinct directional trend.
- Change in Unrealized Gains (Losses) on Marketable Debt Securities, Net of Tax
- Unrealized gains or losses related to marketable debt securities closely mirrored the changes in fair value, showing a large negative impact in 2022 followed by recovery in 2023 and substantial positive figures in 2024 and 2025. This reflects market-driven valuation adjustments.
- Other Comprehensive Income (Loss)
- Other comprehensive income varied significantly, turning negative in 2022 but recovering in subsequent years with positive contributions, particularly in 2024 and 2025. This indicates fluctuating non-operating and comprehensive income components affecting overall financial performance.
- Comprehensive Income
- Comprehensive income generally trended upward, aligning with net income growth but with some dips, notably in 2022 when it decreased to $88,531 million from $95,249 million in 2021. The growth resumed thereafter, reaching $113,611 million in 2025, signaling overall expanding financial returns when considering all income elements.