NASDAQ$AAPL

Apple · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Apple's Q4 2021 earnings were reported with a new September quarter revenue record, up 29 percent year over year. Services and Mac revenue reached new all-time highs.

Apple announced its fiscal 2021 fourth quarter results, posting a September quarter revenue record of $83.4 billion, up 29 percent year over year, and quarterly earnings per diluted share of $1.24.

  • September quarter revenue reached a record $83.4 billion, a 29% increase year-over-year.
  • Earnings per diluted share were reported at $1.24.
  • Revenue records were set in all geographic segments and product categories.
  • The active installed base of devices reached a new all-time high.

Headline financials

Total Revenue

$83.4B

Previous: $64.7B+28.8%
EPS (adj)

$1.24

Previous: $0.73+69.9%
Capital Expenditures

$3.22B

Previous: $1.78B+80.7%
Free Cash Flow

$17B

Previous: $18.8B-9.7%
Net Income

$20.6B

Previous: $12.7B+62.2%
Operating Income

$23.8B

Previous: $14.8B+61.0%
Gross Profit

$35.2B

Previous: $24.7B+42.5%
Cash & Equivalents

$34.9B

Previous: $38B-8.1%
Total Assets

$351B

Previous: $324B+8.4%
Stock-Based Comp

$1.95B

Previous: $1.72B+12.8%

Revenue & EPS history

Apple · Revenue · Quarterly

$83.4B

Q4 2021+28.8%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Apple · $111B total across 5 segments · Q2 2026

  • Americas
    $45.1B
  • Europe
    $28.1B
  • Greater China
    $20.5B
  • Rest of Asia Pacific
    $9.14B
  • Japan
    $8.4B

Forward guidance

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about the Company’s plans for return of capital, the payment of its quarterly dividend, and its investment plans and environmental initiatives.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+1.2%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+3.7%

Avg return

30 days after

63%

46 / 73 earnings

Positive

+11.8%

Q3 2020

Best reaction

-10.8%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+5.4%+6.0%+15.0%
Q1 2026-0.5%+7.1%+2.3%
Q4 2025-4.9%-0.5%+2.7%
Q3 2025-3.8%+2.7%+11.8%
Q2 2025-3.8%-8.0%-5.8%
Q1 2025-0.7%-2.2%+1.8%
Q4 2024-3.1%-2.9%+3.1%
Q3 2024-1.0%-6.7%+3.1%
Q2 2024+8.3%+7.7%+13.6%
Q1 2024+0.8%+2.7%-2.6%
Q4 2023+1.5%+4.5%+9.9%
Q3 2023-5.5%-6.6%-1.6%
Q2 2023+3.7%+2.6%+8.1%
Q1 2023+6.2%+6.3%+3.9%
Q4 2022+4.3%+0.9%-0.8%
Q3 2022+3.6%+2.1%+4.4%
Q2 2022+0.7%+1.9%-4.4%
Q1 2022+6.7%+9.3%+3.2%
Q4 2021+0.6%+0.8%+5.3%
Q3 2021-2.7%-2.1%-1.0%
Q2 2021-0.7%-1.4%-7.3%
Q1 2021-4.2%-6.3%-15.3%
Q4 2020-2.1%-0.7%+4.8%
Q3 2020+11.8%+15.4%+31.3%
Q2 2020+0.5%+3.4%+10.5%
Q1 2020+5.0%+0.2%-11.5%
Q4 2019+2.3%+5.8%+9.8%
Q3 2019+1.6%-2.7%-0.3%
Q2 2019+2.9%+3.5%-12.9%
Q1 2019+5.7%+6.5%+10.8%
Q4 2018-5.2%-6.9%-18.4%
Q3 2018+6.1%+9.5%+18.5%
Q2 2018+6.8%+11.2%+13.1%
Q1 2018-4.1%-2.6%+5.2%
Q4 2017+3.4%+4.7%+2.5%
Q3 2017+5.6%+5.2%+10.3%
Q2 2017+0.3%+1.6%+4.5%
Q1 2017+5.9%+6.1%+14.2%
Q4 2016-1.7%-3.3%-5.5%
Q3 2016+5.8%+7.1%+10.5%
Q2 2016-6.9%
Q1 2016-6.0%
Q4 2015+3.5%
Q3 2015-5.2%
Q2 2015+0.2%
Q1 2015+1.9%
Q4 2014+4.9%
Q3 2014+3.5%
Q2 2014+6.8%
Q1 2014-7.2%
Q4 2013-1.8%
Q3 2013+3.3%
Q2 2013+1.7%
Q1 2013-10.8%
Q4 2012-2.1%
Q3 2012-4.8%
Q2 2012+6.7%
Q1 2012+4.5%
Q4 2011+1.7%
Q3 2011+2.7%
Q2 2011+3.1%
Q1 2011-2.4%
Q4 2010-0.9%
Q3 2010+2.8%
Q2 2010+8.9%
Q1 2009+4.1%
Q1 2010+4.1%
Q4 2007-5.0%
Q4 2009-5.0%
Q3 2009+4.3%
Q3 2008+4.3%
Q4 2008+4.3%
Q2 2009+4.3%

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