Apple Inc. (AAPL) Spending and interest coverage
- R&D / revenue · 12 months: Value 9.19%; Formula and calculation Research and development expense / revenue. Period ending 2026-06-27..
- Stock-based compensation / revenue · 12 months: Value 2.94%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-27..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-27; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 9.19% | Research and development expense / revenue. Period ending 2026-06-27. $42.90B ÷ $466.82B × 100 ≈ 9.19% |
| Stock-based compensation / revenue · 12 months | 2.94% | Share-based compensation / revenue. Period ending 2026-06-27. $13.71B ÷ $466.82B × 100 ≈ 2.94% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 42.90B USD | Research and Development Expense |
| Revenue | 466.82B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 13.71B USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 154.86B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-27 | $42.90B | $466.82B | $13.71B | $154.86B | (m) | 9.19% | 2.94% | (m) | (m) |
| 2026-03-28 | $40.04B | $451.44B | $13.47B | $147.37B | (m) | 8.87% | 2.98% | (m) | (m) |
| 2025-12-27 | $37.17B | $435.62B | $13.17B | $141.07B | (m) | 8.53% | 3.02% | (m) | (m) |
| 2025-09-27 | $34.55B | $416.16B | $12.86B | $133.05B | $3.28B* | 8.30% | 3.09% | 40.53×* | Estimated*12-month opening balance: 2024-09-28. Average term debt $93.67B × 3.10% USD coupon proxy; average commercial paper $8.97B × 4.19% rate disclosed 2025-09-27, held constant. Swaps, FX, amortization, lease interest and capitalized interest are not quantified. Obligation Breakdown → · Commercial Paper → |
| 2025-06-28 | $33.45B | $408.63B | $12.54B | $130.21B | (m) | 8.19% | 3.07% | (m) | (m) |
| 2025-03-29 | $32.59B | $400.37B | $12.24B | $127.36B | (m) | 8.14% | 3.06% | (m) | (m) |
| 2024-12-28 | $31.94B | $395.76B | $11.98B | $125.67B | (m) | 8.07% | 3.03% | (m) | (m) |
| 2024-09-28 | $31.37B | $391.04B | $11.69B | $123.22B | (m) | 8.02% | 2.99% | (m) | (m) |
| 2024-06-29 | $30.91B | $385.60B | $11.46B | $120.59B | (m) | 8.02% | 2.97% | (m) | (m) |
| 2024-03-30 | $30.35B | $381.62B | $11.20B | $118.24B | (m) | 7.95% | 2.94% | (m) | (m) |
| 2023-12-30 | $29.90B | $385.71B | $10.93B | $118.66B | (m) | 7.75% | 2.83% | (m) | (m) |
| 2023-09-30 | $29.91B | $383.29B | $10.83B | $114.30B | $3.93B | 7.80% | 2.83% | 29.06× | Reported |
| 2023-07-01 | $29.37B | $383.93B | $10.49B | $112.23B | $3.76B | 7.65% | 2.73% | 29.86× | Reported |
| 2023-04-01 | $28.72B | $385.10B | $10.11B | $112.30B | $3.48B | 7.46% | 2.63% | 32.28× | Reported |
| 2022-12-31 | $27.65B | $387.54B | $9.68B | $113.97B | $3.24B | 7.14% | 2.50% | 35.17× | Reported |
| 2022-09-24 | $26.25B | $394.33B | $9.04B | $119.44B | $2.93B | 6.66% | 2.29% | 40.75× | Reported |
| 2022-06-25 | $25.26B | $387.54B | $8.71B | $118.33B | $2.78B | 6.52% | 2.25% | 42.63× | Reported |
| 2022-03-26 | $24.18B | $386.02B | $8.42B | $119.38B | $2.72B | 6.26% | 2.18% | 43.86× | Reported |
| 2021-12-25 | $23.06B | $378.32B | $8.15B | $116.90B | $2.70B | 6.09% | 2.15% | 43.28× | Reported |
| 2021-09-25 | $21.91B | $365.82B | $7.91B | $108.95B | $2.65B | 5.99% | 2.16% | 41.19× | Reported |
| 2021-06-26 | $21.12B | $347.15B | $7.68B | $99.94B | $2.61B | 6.08% | 2.21% | 38.33× | Reported |
| 2021-03-27 | $20.16B | $325.41B | $7.42B | $88.90B | $2.64B | 6.20% | 2.28% | 33.69× | Reported |
| 2020-12-26 | $19.46B | $294.13B | $7.14B | $74.25B | $2.73B | 6.62% | 2.43% | 27.24× | Reported |
| 2020-09-26 | $18.75B | $274.51B | $6.83B | $66.29B | $2.87B | 6.83% | 2.49% | 23.07× | Reported |
| 2020-06-27 | $17.88B | $273.86B | $6.60B | $67.14B | $3.05B | 6.53% | 2.41% | 22.02× | Reported |
| 2020-03-28 | $17.38B | $267.98B | $6.40B | $65.59B | $3.22B | 6.49% | 2.39% | 20.38× | Reported |
| 2019-12-28 | $16.77B | $267.68B | $6.22B | $66.15B | $3.47B | 6.26% | 2.32% | 19.06× | Reported |
| 2019-09-28 | $16.22B | $260.17B | $6.07B | $63.93B | $3.58B | 6.23% | 2.33% | 17.88× | Reported |
| 2019-06-29 | $15.86B | $259.03B | $5.91B | $64.42B | $3.63B | 6.12% | 2.28% | 17.73× | Reported |
| 2019-03-30 | $15.30B | $258.49B | $5.77B | $65.49B | $3.61B | 5.92% | 2.23% | 18.12× | Reported |
| 2018-12-29 | $14.73B | $261.61B | $5.60B | $67.97B | $3.40B | 5.63% | 2.14% | 20.01× | Reported |
| 2018-09-29 | $14.24B | $265.60B | $5.34B | $70.90B | $3.24B | 5.36% | 2.01% | 21.88× | Reported |
| 2018-06-30 | $13.48B | $255.27B | $5.17B | $67.90B | $3.04B | 5.28% | 2.02% | 22.35× | Reported |
| 2018-03-31 | $12.72B | $247.42B | $5.01B | $66.06B | $2.79B | 5.14% | 2.03% | 23.64× | Reported |
| 2017-12-30 | $12.12B | $239.18B | $4.88B | $64.26B | $2.53B | 5.07% | 2.04% | 25.38× | Reported |
| 2017-09-30 | $11.58B | $229.23B | $4.84B | $61.34B | $2.32B | 5.05% | 2.11% | 26.41× | Reported |
| 2017-07-01 | $11.15B | $223.51B | $4.70B | $59.98B | $2.11B | 4.99% | 2.10% | 28.47× | Reported |
| 2017-04-01 | $10.78B | $220.46B | $4.56B | $59.32B | $1.91B | 4.89% | 2.07% | 30.99× | Reported |
| 2016-12-31 | $10.51B | $218.12B | $4.39B | $59.21B | $1.71B | 4.82% | 2.01% | 34.73× | Reported |
| 2016-09-24 | $10.04B | $215.64B | $4.21B | $60.02B | $1.46B | 4.66% | 1.95% | 41.23× | Reported |
| 2016-06-25 | $9.70B | $220.29B | $4.09B | $62.89B | $1.24B | 4.40% | 1.86% | 50.55× | Reported |
| 2016-03-26 | $9.17B | $227.53B | $3.90B | $66.86B | $1.04B | 4.03% | 1.71% | 64.54× | Reported |
| 2015-12-26 | $8.58B | $234.99B | $3.78B | $71.16B | $878.00M | 3.65% | 1.61% | 81.04× | Reported |
| 2015-09-26 | $8.07B | $233.72B | $3.59B | $71.23B | $733.00M | 3.45% | 1.53% | 97.18× | Reported |
| 2015-06-27 | $7.53B | $224.34B | $3.43B | $67.77B | $610.00M | 3.36% | 1.53% | 111.10× | Reported |
| 2015-03-28 | $7.10B | $212.16B | $3.30B | $63.97B | $509.00M | 3.35% | 1.56% | 125.68× | Reported |
| 2014-12-27 | $6.61B | $199.80B | $3.07B | $59.29B | $431.00M | 3.31% | 1.54% | 137.55× | Reported |
| 2014-09-27 | $6.04B | $182.79B | $2.86B | $52.50B | $384.00M | 3.30% | 1.57% | 136.73× | Reported |
| 2014-06-28 | $5.52B | $178.14B | $2.66B | $51.37B | $352.00M | 3.10% | 1.49% | 145.93× | Reported |
| 2014-03-29 | $5.10B | $176.03B | $2.51B | $50.29B | $305.00M | 2.90% | 1.43% | 164.88× | Reported |
| 2013-12-28 | $4.79B | $173.99B | $2.39B | $49.25B | $220.00M | 2.76% | 1.37% | 223.87× | Reported |
| 2013-09-28 | $4.47B | $170.91B | $2.25B | $49.00B | $136.00M | 2.62% | 1.32% | 360.29× | Reported |
| 2013-06-29 | $4.21B | $169.40B | $2.15B | $49.91B | (m) | 2.49% | 1.27% | (m) | (m) |
| 2013-03-30 | $3.91B | $169.10B | $2.02B | $52.28B | (m) | 2.31% | 1.19% | (m) | (m) |
| 2012-12-29 | $3.63B | $164.69B | $1.86B | $55.11B | (m) | 2.21% | 1.13% | (m) | (m) |
| 2012-09-29 | $3.38B | $156.51B | $1.74B | $55.24B | (m) | 2.16% | 1.11% | (m) | (m) |
| 2012-06-30 | $3.12B | $148.81B | $1.59B | $53.01B | (m) | 2.10% | 1.07% | (m) | (m) |
| 2012-03-31 | $2.87B | $142.36B | $1.43B | $50.81B | (m) | 2.02% | 1.00% | (m) | (m) |
| 2011-12-31 | $2.61B | $127.84B | $1.29B | $43.30B | (m) | 2.04% | 1.01% | (m) | (m) |
| 2011-09-24 | $2.43B | $108.25B | $1.17B | $33.79B | (m) | 2.24% | 1.08% | (m) | (m) |
| 2011-06-25 | $2.28B | $100.32B | $1.09B | $30.53B | (m) | 2.27% | 1.09% | (m) | (m) |
| 2011-03-26 | $2.11B | $87.45B | $1.03B | $25.38B | (m) | 2.42% | 1.18% | (m) | (m) |
| 2010-12-25 | $1.96B | $76.28B | $973.00M | $21.49B | (m) | 2.57% | 1.28% | (m) | (m) |
| 2010-09-25 | $1.78B | $65.22B | $879.00M | $18.39B | (m) | 2.73% | 1.35% | (m) | (m) |
| 2010-06-26 | $1.65B | $57.09B | $835.00M | $16.62B | (m) | 2.88% | 1.46% | (m) | (m) |
| 2010-03-27 | $1.52B | $51.12B | $795.00M | $15.02B | (m) | 2.98% | 1.56% | (m) | (m) |
| 2009-12-26 | $1.42B | $46.71B | $745.00M | $13.36B | (m) | 3.03% | 1.60% | (m) | (m) |
| 2009-09-26 | $1.33B | $36.54B | $710.00M | $7.66B | (m) | 3.65% | 1.94% | (m) | (m) |
| 2009-06-27 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-28 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-27 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-09-27 | $1.11B | $32.48B | $516.00M | $6.28B | (m) | 3.41% | 1.59% | (m) | (m) |
| 2008-06-28 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-09-29 | $782.00M | $24.01B | $242.00M | $4.41B | (m) | 3.26% | 1.01% | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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