Apple vs Microsoft — Operating Income Comparison

Apple (AAPL) operating income was $133.1B in FY2025 (+8% YoY); Microsoft (MSFT) operating income was $128.5B in FY2025 (+17% YoY). The tables below show the complete quarterly and annual operating income history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Apple	Microsoft
2025	$133.1B	$128.5B
2024	$123.2B	$109.4B
2023	$114.3B	$88.5B
2022	$119.4B	$83.4B
2021	$108.9B	$69.9B
2020	$66.3B	$53.0B
2019	$63.9B	$43.0B
2018	$70.9B	$35.1B
2017	$61.3B	$29.3B
2016	$60.0B	$26.6B
2015	$71.2B	$20.2B
2014	$52.5B	$27.8B
2013	$49.0B	$26.8B
2012	$55.2B	$21.8B
2011	$33.8B	$27.2B
2010	$18.4B	$24.1B
2009	$11.7B	$20.4B
2008	$8.3B	$22.3B
2007	$4.4B	—

Apple — Annual Operating Income

Fiscal Year	Operating Income	YoY
2025	$133.1B	+8%
2024	$123.2B	+8%
2023	$114.3B	-4%
2022	$119.4B	+10%
2021	$108.9B	+64%
2020	$66.3B	+4%
2019	$63.9B	-10%
2018	$70.9B	+16%
2017	$61.3B	+2%
2016	$60.0B	-16%
2015	$71.2B	+36%
2014	$52.5B	+7%
2013	$49.0B	-11%
2012	$55.2B	+63%
2011	$33.8B	+84%
2010	$18.4B	+57%
2009	$11.7B	+41%
2008	$8.3B	+89%
2007	$4.4B

Microsoft — Annual Operating Income

Fiscal Year	Operating Income	YoY
2025	$128.5B	+17%
2024	$109.4B	+24%
2023	$88.5B	+6%
2022	$83.4B	+19%
2021	$69.9B	+32%
2020	$53.0B	+23%
2019	$43.0B	+23%
2018	$35.1B	+20%
2017	$29.3B	+10%
2016	$26.6B	+31%
2015	$20.2B	-27%
2014	$27.8B	+4%
2013	$26.8B	+23%
2012	$21.8B	-20%
2011	$27.2B	+13%
2010	$24.1B	+18%
2009	$20.4B	-9%
2008	$22.3B

Source: AAPL on EDGAR · MSFT on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.